The Motor Company released its third quarter 2022 financial report and the news was gloomy- though not all bad. While production umbers increased, profit fell by 5% in the quarter ending September 30.

"Harley-Davidson delivered a strong third quarter with solid growth for both revenue and operating income, aligned to our Hardwire strategic initiatives. We are reaffirming our outlook for the year, and as we approach our 120th anniversary that we will be celebrating in our hometown Milwaukee and around the world, we are excited about the potential of Harley-Davidson, the most desirable motorcycle company in the world."
— Jochen Zeitz, chairman, president and CEO of Harley-Davidson

Summary of Results

  • Global shipments grew 19% versus last year
  • HDMC Revenue grew 24% behind this profitable unit growth and global pricing
  • HDMC Operating Income margin of 17.9% was up 9.5 points
  • HDFS Operating Income declined 24% as the credit environment normalizes
  • GAAP diluted EPS of $1.78 was up 70%
  • The company reaffirms its full-year 2022 outlook on HDMC Revenue, HDMC Margin and HDFS performance
  • Merger transaction between LiveWire and AEA-Bridges Impact Corporation was completed on Sept. 26, the first day of fiscal Q4

The outlook for the rest of 2022 has HDMC expecting:

  • revenue growth of 5 to 10%
  • operating income margin of 11 to 12%
  • operating income to decline by 20 to 25%
Post date: 
10/26/2022
Tags: 
Harley-Davidson

 

Notable Rentals

Unique motorcycle-friendly vacation rentals presented by VRBO.