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Harley-Davidson Reaffirms FY22 Guidance; Sees HDMC Revenue Growth 5-10%

2022 Outlook For the full year 2022, the Company reaffirms its initial guidance and continues to expect: •HDMC revenue growth of 5 to 10% •HDMC operating income margin of 11 to 12% •HDFS operating income

Benzinga · 07/28/2022 06:59

2022 Outlook

For the full year 2022, the Company reaffirms its initial guidance and continues to expect:

•HDMC revenue growth of 5 to 10%
•HDMC operating income margin of 11 to 12%
•HDFS operating income to decline by 20 to 25%
•Capital investments of $190 million to $220 million

The outlook continues to assume that manufacturing, logistics and material costs moderately improve in the back-half of the year as overall operations performance stabilizes and we get beyond the peak levels of inflation experienced in 2021.

The Company’s cash allocation priorities are to fund growth through The Hardwire initiatives, pay dividends, and execute discretionary share repurchases.