Harley-Davidson(HOG)

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Central Standard to Relocate Distillery Operations in Expansion to Harley-Davidson's Historic Headquarters
GlobeNewswire News Room· 2025-06-04 14:00
MILWAUKEE, Wis., June 04, 2025 (GLOBE NEWSWIRE) -- Beginning next year, Central Standard Craft Distillery will relocate its main distillery operations to a reimagined section of the historic Harley-Davidson campus in Milwaukee’s Near West Side neighborhood. Central Standard’s purchase of the refurbished 73,000-square-foot space will offer full distillery production, a tasting room, distillery tours, private events and new job opportunities. Harley-Davidson will continue to operate on the site as they have d ...
The Law Offices of Frank R. Cruz Announces Investigation of Harley-Davidson, Inc. (HOG) on Behalf of Investors
Prnewswire· 2025-06-02 22:00
LOS ANGELES, June 2, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Harley-Davidson, Inc. ("Harley-Davidson" or the "Company") (NYSE: HOG) concerning whether the board breached its fiduciary duties to shareholders.If you are a shareholder, click here to participate.Our investigation concerns whether the Company's board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company.Follow us for updat ...
Harley-Davidson Gets Back to Business
Prnewswire· 2025-05-19 20:30
MILWAUKEE, May 19, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today issued the following statement in connection with the release of the certified voting results of its 2025 Annual Meeting of Shareholders (the "Annual Meeting") confirming that all nine of Harley-Davidson's Director nominees were elected at the Annual Meeting. Additionally, the Harley-Davidson Board of Directors confirmed that the rigorous search process for Harley-Davidson's next CEO continue ...
Harley-Davidson Shareholders Elect All of the Company's Director Nominees at Annual Meeting
Prnewswire· 2025-05-14 21:20
MILWAUKEE, May 14, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today announced that the preliminary results of its 2025 Annual Meeting of Shareholders (the "Annual Meeting") indicate that Harley-Davidson shareholders have elected all of Harley-Davidson's Director nominees. Based on preliminary results, the elected Directors are: Jochen Zeitz, Chairman, President and CEO Norman Thomas Linebarger, Presiding Director Troy Alstead, Director James Duncan Farley, Jr ...
Harley-Davidson(HOG) - 2025 FY - Earnings Call Transcript
2025-05-14 21:00
Harley-Davidson (HOG) FY 2025 Annual General Meeting May 14, 2025 04:00 PM ET Speaker0 Noon, and welcome to the twenty twenty five annual meeting of shareholders of Harley Davidson Inc. I'm Paul Krauss, chief legal officer of the company. I'll be acting as secretary of today's meeting. Joining me today is Jochen Zeitz, chairman, president, and CEO of the company. Jochen will be the chairperson of this annual meeting. Thank you, Paul. I now call the meeting to order. At this time, I Speaker1 would like to in ...
HARLEY-DAVIDSON® AND MOTOGP™ ANNOUNCE NEW GLOBAL RACING SERIES LAUNCHING IN 2026
Prnewswire· 2025-05-10 11:23
Core Insights - Harley-Davidson and MotoGP are launching a new global racing championship featuring Harley-Davidson bagger motorcycles, set to debut in 2026 [1][3] - The championship will consist of twelve races at six Grands Prix across Europe and North America, with two races per round [1][4] Company Overview - Harley-Davidson has a rich history of over 120 years in pioneering performance both on and off the road, and aims to expand its global racing ambitions through this new series [5] - The company is focused on innovation and maintaining its status as the most desirable motorcycle brand in the world, offering customizable motorcycles and a lifestyle experience [6] Technical Specifications - The racing motorcycles will weigh approximately 280 kilograms (617 pounds), produce over 200 horsepower, and generate 245 Nm (180 lb-ft) of torque, capable of reaching speeds over 300 kilometers per hour (186 mph) [4] - All bikes in the series will be identical to ensure close competition, with an expected grid of six to eight teams, each fielding two riders [4] Strategic Collaboration - The partnership between Harley-Davidson and MotoGP is seen as an opportunity to expand Harley-Davidson's global reach and bring a new audience to the sport [5] - The collaboration aims to deliver a unique spectacle for fans, enhancing the Grand Prix weekends where the series will compete [5]
Harley-Davidson Issues Comment Strongly Disagreeing with Glass Lewis' and Egan-Jones' Recommendations
Prnewswire· 2025-05-07 12:00
Reports Follow Separate Recommendation from Leading Independent Proxy Advisory Firm ISS to Vote "FOR ALL" Harley-Davidson Nominees Glass Lewis and Egan-Jones Reports Fail to Recognize Harley-Davidson's Progress Under Hardwire Strategic Plan and the Board's Strong Governance and Effective Oversight Glass Lewis Report Says H Partners' Campaign "Introduces Incremental Uncertainty" and Lacks "Any Substantive Course of Action" Jochen Zeitz "[W]e understand support for H Partners' withhold campaign introduces inc ...
Harley-Davidson(HOG) - 2025 Q1 - Quarterly Report
2025-05-06 16:00
Financial Performance - Net income attributable to Harley-Davidson, Inc. was $133.1 million, or $1.07 per diluted share, in Q1 2025, down 43.3% from $234.9 million, or $1.72 per diluted share, in Q1 2024[133][149]. - HDMC segment operating income was $116.3 million in Q1 2025, a decrease of 51.2% from $238.4 million in Q1 2024, primarily due to a planned decrease in motorcycle shipments[134][150]. - Worldwide retail sales of new Harley-Davidson motorcycles declined 21.3% in Q1 2025 compared to Q1 2024, with North America down 24.0%[135]. - Revenue from motorcycle sales decreased by 29.3% to $863.9 million in Q1 2025, compared to $1.22 billion in Q1 2024[166]. - Retail unit sales of new Harley-Davidson motorcycles decreased by 21.3% year-over-year, totaling 31,010 units in Q1 2025 compared to 39,405 units in Q1 2024[156]. - U.S. retail sales declined by 25.3%, with 19,207 units sold in Q1 2025, down from 25,726 units in Q1 2024[156]. - Worldwide motorcycle shipments fell by 33.1% to 38,601 units in Q1 2025, down from 57,672 units in Q1 2024[165]. - LiveWire segment revenue decreased by 41.7% to $2.7 million in Q1 2025, down from $4.7 million in Q1 2024[170]. Operating Segments - The LiveWire segment reported an operating loss of $19.8 million in Q1 2025, an improvement from a loss of $29.2 million in the prior year quarter[134]. - HDFS segment operating income increased by 18.9% to $64.0 million in Q1 2025, driven by lower provision for credit losses and operating expenses[134][150]. - Operating income for the HDMC segment fell by 51.2% to $116.3 million in Q1 2025, down from $238.4 million in Q1 2024[166]. - Operating income increased by 18.9% to $64.0 million in Q1 2025, compared to $53.9 million in Q1 2024[174]. Inventory and Capital Expenditures - The Company expects a reduction of approximately 10% in year-end dealer inventory of new motorcycles in 2025 compared to the end of 2024[143]. - Retail inventory of new motorcycles decreased by approximately 19% year-over-year, totaling around 56,000 units at the end of Q1 2025[159]. - Capital investments for 2025 are now expected to be between $200 million and $225 million, down from previous expectations of $225 million to $250 million[146]. - Capital expenditures were $30.0 million in Q1 2025, down from $46.4 million in the same period last year[189]. Shareholder Returns - The Company plans to repurchase approximately $1 billion of shares from Q3 2024 through the end of 2026, including $350 million in discretionary repurchases in 2025[147]. - Share repurchases totaled $93.1 million in Q1 2025, compared to $107.8 million in Q1 2024[191]. Cash Flow and Debt - Cash flow from operating activities increased to $141.5 million in Q1 2025, up from $104.0 million in Q1 2024[186]. - The Company had $1.93 billion in cash and cash equivalents as of March 31, 2025[183]. - Total outstanding debt increased to $7.30 billion as of March 31, 2025, compared to $7.21 billion in the previous year[192]. Credit and Financing - Provision for credit losses decreased by $7.7 million to $53.3 million in Q1 2025, driven by lower actual credit losses[175]. - HDFS's retail credit losses have normalized to higher levels after a period of historically low levels, influenced by changing consumer credit behavior and macroeconomic conditions[218]. - The Company renewed its Canadian Conduit facility, increasing the total commitment by C$40 million to C$165 million, allowing for the purchase of eligible Canadian retail motorcycle finance receivables[198]. - The Company renewed its $1.50 billion U.S. Conduit Facility in November 2024, allowing for the transfer of U.S. retail motorcycle finance receivables to third-party banks[201]. Market Conditions and Risks - The Company is facing headwinds in the EV segment, with a belief that EV adoption will be slower than anticipated due to regulatory challenges and infrastructure issues[210]. - The Company is exposed to market risks from changes in foreign currency exchange rates, commodity prices, and interest rates, utilizing derivative financial instruments to mitigate these risks[220]. - The HDMC segment's operating results are significantly affected by fluctuations in the value of the U.S. dollar against foreign currencies, particularly the Euro and Australian dollar[221]. - HDFS's operating income is sensitive to interest rate changes, with the Company using interest rate caps to reduce fluctuations' impact[224]. Strategic Focus - The Company aims to manage costs and improve dealer capabilities to enhance retail sales of motorcycles and related products[217]. - The Company is focused on maintaining relationships with distributors and managing risks related to economic conditions and consumer demand[217]. - The Company plans to explore third-party investments in HDFS to align with its objectives without adversely affecting its business[219]. - The Company is committed to managing risks associated with climate change and related regulations[219].
Leading Independent Proxy Advisory Firm ISS Recommends Harley-Davidson Shareholders Vote "FOR ALL" of Harley-Davidson's Highly Qualified Director Nominees
Prnewswire· 2025-05-05 20:53
ISS Concludes That H Partners "Has Not Presented a Compelling Case for Change;" Notes that its "Campaign Has Almost Certainly Set the CEO Search Process Back"Highlights Progress Made Under CEO Jochen Zeitz and the Hardwire Strategic PlanHarley-Davidson Urges Shareholders to Vote "FOR ALL" Harley-Davidson Director Nominees on the WHITE Proxy Card TODAYMILWAUKEE, May 5, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today announced that Institutional Shareholder Se ...