Net income fell to as low as $465,000 from $8.3 million a year ago. Diluted EPS slipped to $0.00 per share from $0.05 per share.
“During 2018 we met or exceeded all of the More Roads plan milestones we set out to achieve. In the U.S., we finished the year with 52,000 more Harley-Davidson riders than one year ago. The groundwork for an exciting future is being built in real time, and that’s clear for riders today and Harley-Davidson riders of tomorrow. We are igniting a cultural movement for motorcycling,” said CEO Matt Levatich.
LOOKING FORWARD
For fiscal 2019, Harley-Davidson looks to ship about 217,000 to 222,000 motorcycles. In the first quarter itself, the company aims to ship about 53,000-58,000 motorcycles.
Read the earnings conference transcript here.
Motorcycles segment operating margin, as a percent of revenue, is expected to be 8-9% for the year.
Financial Services segment operating income is expected to fall, however, in the year in which HOG expects an effective tax rate of approximately 24-25%. Capital expenditures are estimated at $225-245 million.