Harley-Davidson reports Q3 EPS $3.10, consensus $1.64

Reports Q3 revenue $1.34B, consensus $1.01B. “Our Q3 results demonstrate the positive impact of the HDFS transaction and reinforce the strategic value HDFS brings to Harley-Davidson’s (HOG) overall business model. While retail sales remain challenged, I’m truly energized by what I’ve experienced across the Company, in dealerships, and with the broader rider community. While there is a lot of work ahead of us, our success begins with our dealers – when they thrive, Harley-Davidson thrives. Going forward you can expect an intensified focus on the key drivers of sustainable growth: strong and profitable dealerships, growing the powerful connection riders have with our brand, locally relevant marketing, and capital-efficient growth,” said CEO Artie Starrs. CFO Jonathan Root said: “The completion of the HDFS transaction with KKR and PIMCO marks a transformative milestone for Harley-Davidson. We are unlocking significant value while transforming Harley-Davidson Financial Services into a capital-light, de-risked business. This transaction releases over $1.2B in discretionary cash and sets the foundation for higher returns and sustained growth. Importantly, Harley-Davidson retains full control and majority ownership of HDFS – ensuring no change for our dealers or customers, which we believe continues to drive long-term value creation.”