BANGKOK, THAILAND - OCTOBER 26: Visitors inspect a Harley Davidson electric motorbike during the ... [+] 2024 Bangkok EV Expo at the Queen Sirikit National Convention Center in Bangkok, Thailand on October 26, 2024. (Photo by Valeria Mongelli/Anadolu via Getty Images)Anadolu via Getty ImagesHarley-Davidson stock currently trades at about $33 per share, around 33% below its levels of $49 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. Harley saw its stock trading at around $30 ...

Q3 2024 Results Thursday, October 24, 2024 Q3 2024 RESULTS – EARNINGS CALL Call Participants ▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations 2 3 Q3 2024 PERFORMANCE HEADLINES • Delivered diluted EPS of $0.91 • Consolidated operating income of $106 million, down 49% year-over-year • North American retail sales down 10% year-over-year • Global retail sales down 13% year-over-year, wher ...

Financial Data and Key Metrics Changes - Consolidated revenue in Q3 2024 decreased by 26%, with HDMC revenue down 32% and HDFS revenue growth of 10% [13][14] - Consolidated operating income was $106 million, down 49% from the prior year, primarily due to a decrease of $120 million at HDMC [13][14] - Q3 earnings per share was $0.91, down 34% from $1.38 last year [14] - Year-to-date consolidated revenue of $4.5 billion was down 6% compared to last year [14][15] - Total cash and cash equivalents ended at $2.2 billion, which was $366 million higher than at the end of Q3 prior year [25][26] Business Line Data and Key Metrics Changes - HDMC revenue decreased by 32% in Q3, driven by a 39% decrease in wholesale units shipped [16][18] - HDFS revenue increased by 10% in Q3, driven by higher retail and commercial finance receivables [20][21] - LiveWire segment revenue decreased by 30% year-to-date, with an operating loss of $83 million [24][29] Market Data and Key Metrics Changes - Global retail sales of new motorcycles declined by 13% in Q3, with North America down 10% and international regions down 18% [2][4] - EMEA retail sales declined 23%, while Asia-Pacific retails were down 16%, and LatAm saw a 4% increase [4][5] - In the U.S., Harley-Davidson retail was down 1% through the end of Q3, outperforming the overall motorcycle industry [2][3] Company Strategy and Development Direction - The company is focused on reducing dealer inventory levels and supporting dealer health as it prepares for the new model year launch in 2025 [5][7] - The Hardwire strategy aims to drive productivity improvements and maintain a strong dealer network [20][50] - LiveWire is adjusting its focus to drive cost efficiencies and productivity while preparing for future growth in the EV market [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted an increasingly difficult global market environment due to macroeconomic and political uncertainty, impacting consumer discretionary spending [2][5] - The company is revising its full-year 2024 outlook due to lower-than-expected retail demand [5][27] - Management expressed cautious optimism for 2025, emphasizing the need for external factors like interest rate reductions and improved consumer confidence [7][50] Other Important Information - Dealer inventory at the end of Q3 was down 13% relative to the end of Q2, with expectations to reduce inventory by another 20% by the end of 2024 [16][39] - The company bought back 4 million shares at a cost of $150 million in Q3, totaling 9.5 million shares for the first nine months of 2024 [26] Q&A Session Summary Question: Themes from recent dealer conversations - Management highlighted dealer profitability as a primary concern and discussed support measures for the dealer network in 2025 [31][32] Question: Retail trends in Q3 - Management noted a strong start in July but a weaker exit in September, attributing this to macroeconomic uncertainties [35][36] Question: Retail and wholesale alignment - Management aims to align retail and wholesale units, expecting to reduce dealer inventory levels significantly [38][39] Question: LiveWire's cash burn reduction - Management confirmed a focus on reducing cash burn by 40% next year, with significant actions already taken to streamline operations [63][65] Question: Expectations for 2025 - Management expressed cautious optimism for 2025, emphasizing the importance of external factors and ongoing cost control measures [49][50]

For the quarter ended September 2024, Harley-Davidson (HOG) reported revenue of $881.21 million, down 32.5% over the same period last year. EPS came in at $0.91, compared to $1.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $970.25 million, representing a surprise of -9.18%. The company delivered an EPS surprise of +10.98%, with the consensus EPS estimate being $0.82.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Harley-Davidson (HOG) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.98%. A quarter ago, it was expected that this motorcycle maker would post earnings of $1.43 per share when it actually produced earnings of $1.63, delivering a surprise of 13.99%.Over the last four quarters, the ...

MILWAUKEE, Oct. 24, 2024 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company") (NYSE: HOG) today reported third quarter 2024 results."We have worked diligently through the quarter to mitigate the impact of high interest rates, and macroeconomic and political uncertainty, that continue to put pressure on our industry and customers, especially in our core markets," said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. "We are very pleased with the reception of our touri ...

FOR IMMEDIATE RELEASE Harley-Davidson Delivers Third Quarter Financial Results MILWAUKEE (October 24, 2024) – Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company") (NYSE: HOG) today reported third quarter 2024 results. "We have worked diligently through the quarter to mitigate the impact of high interest rates, and macroeconomic and political uncertainty, that continue to put pressure on our industry and customers, especially in our core markets," said Jochen Zeitz, Chairman, President and CEO, ...

Harley-Davidson, Inc. HOG will release earnings results for its third quarter, before the opening bell on Thursday, Oct. 24.Analysts expect the Milwaukee, Wisconsin-based company to report quarterly earnings at 79 cents per share, compared to $1.38 per share in the year-ago period. Harley-Davidson projects to report revenue of $965.78 million for the quarter, compared to $1.3 billion a year earlier, according to data from Benzinga Pro.On Sept. 4, the company's board approved a cash dividend of 17.25 cents p ...

Core Viewpoint - Harley-Davidson is expected to report a significant decline in quarterly earnings and revenues, with analysts revising their estimates downward, indicating potential challenges for the company in the upcoming period [1][2]. Financial Performance Estimates - Analysts predict Harley-Davidson will post quarterly earnings of $0.82 per share, a decline of 40.6% year-over-year [1]. - Revenues are forecasted at $970.25 million, reflecting a year-over-year decrease of 25.7% [1]. - The consensus EPS estimate has been revised 9.5% lower over the last 30 days, indicating a reevaluation of the company's performance by analysts [1]. Revenue Breakdown - Revenue from Motorcycles and related products is estimated at $970.25 million, down 25.2% from the prior year [2]. - Revenue from Parts & Accessories is projected at $161.35 million, indicating a decline of 12.8% year-over-year [2]. - Revenue from Live Wire is expected to reach $10.33 million, showing a year-over-year increase of 26.8% [3]. Sales and Shipments - Total worldwide retail sales of Harley-Davidson motorcycles are estimated at 40,144, down from 41,658 in the previous year [3]. - Worldwide motorcycle shipments are projected to be 32,922, compared to 45,269 a year ago [3]. - U.S. motorcycle shipments are expected to be 20,085, significantly lower than the 30,167 reported in the same quarter last year [4]. International Sales - Total international retail sales (excluding North America) are estimated at 14,270, slightly down from 14,312 year-over-year [4]. - Worldwide motorcycle shipments for Cruiser models are expected to be 9,909, down from 17,142 in the same quarter last year [4]. - Worldwide motorcycle shipments for Sport and Lightweight models are projected at 3,013, compared to 3,103 in the same quarter of the previous year [4]. Stock Performance - Over the past month, Harley-Davidson shares have declined by 8.3%, contrasting with a 2.8% increase in the Zacks S&P 500 composite [4]. - The company holds a Zacks Rank of 5 (Strong Sell), suggesting it may underperform the overall market in the near term [4].

Wall Street expects a year-over-year decline in earnings on lower revenues when Harley-Davidson (HOG) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better tha ...