Harley-Davidson, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Operating Guidance for the First Quarter and Full Year 2019
January 29, 2019 at 05:20 pm IST
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Harley-Davidson, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company announced Motorcycles and Related Products revenue of $955,633,000 compared to $1,047,045,000 a year ago. Operating loss from Motorcycles and Related Products was $59,543,000 compared to income of $35,526,000 a year ago. Net income was $495,000 compared to $8,314,045,000 a year ago. Basic and diluted earnings per share was $0.00 compared to $0.05 a year ago.
For the year, the company announced Motorcycles and Related Products revenue of $4,968,646,000 compared to $4,915,027,000 a year ago. Operating income from Motorcycles and Related Products was $422,363,000 compared to $606,776,000 a year ago. Net income was $531,451,000 compared to $521,759,000 a year ago. Basic earnings per share was $3.21 compared to $3.03 a year ago. Diluted earnings per share was $3.19 compared to $3.02 a year ago.
The company provided operating guidance for the first quarter and full year 2019. For the full-year 2019, the company expected motorcycle shipments to be approximately 217,000 to 222,000 motorcycles.
In the first quarter 2019, the company expected to ship approximately 53,000 to 58,000 motorcycles.
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. The Company operates in three segments: Harley-Davidson Motor Company (HDMC), LiveWire, and Harley-Davidson Financial Services (HDFS). HDMC designs, manufactures and sells Harley-Davidson motorcycles. HDMC also sells motorcycle parts, accessories, and apparel as well as licenses its trademarks. LiveWire segment sells electric motorcycles, electric balance bikes for kids, parts and accessories and apparel in the United States and certain international markets. HDMC conducts business on a global basis, with sales in the United States, Canada, Europe/Middle East/Africa (EMEA), Asia Pacific, and Latin America. HDMC's products are sold to retail customers primarily through a network of independent dealers. HDMC also distributes its motorcycles through an independent distributor in India. HDMC offers internal combustion engine motorcycles under the Harley-Davidson brand.
Harley-Davidson, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Operating Guidance for the First Quarter and Full Year 2019