Harley-Davidson reports Q2 EPS 88c, consensus 96c

Reports Q2 revenue $1.31B, consensus $1.1B. “While our second quarter results continue to be impacted by a challenging commercial environment for discretionary products and an uncertain tariff situation, we are extremely pleased to announce a strategic partnership for HDFS with KKR and PIMCO that generates significant value for Harley-Davidson (HOG) on all levels,” said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. “Our strategic partners have valued the HDFS business at approximately 1.75x post transaction book value. We expect this will unlock $1.25 billion in cash and leaves HDFS well positioned to serve our customers and dealers. With the cash from the transaction, we plan to reduce our debt by $450 million and accelerate our $1 billion share buyback program announced last year, by the purchase of $500 million in the second half of ’25. We also have the flexibility to invest up to $300 million of additional funds into future growth opportunities.”