FOR IMMEDIATE RELEASE Harley-Davidson Delivers Second Quarter Financial Results MILWAUKEE (July 25, 2024) – Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company"), (NYSE: HOG) today reported second quarter 2024 results. "Despite a challenging market, we are pleased with our second quarter performance, in which we grew our U.S. market share in a declining market, with notable unit growth of more than 11 percent in the important core category of Touring ," said Jochen Zeitz, Chairman, President an ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Harley-Davidson (HOG) reports results for the quarter ended June 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 July 25, 2024, might help the stock move higher if these key numbers are better than expe ...

BUILD provides high school students an opportunity to learn technical skills including design, welding, fabrication, repair, machining, media, and more, through motorcycle construction. In addition to acquiring technical skills, teams also participate in marketing and fundraising efforts and host local events showcasing their work. BUILD program elements also emphasize the development of strong teamwork and interpersonal skills.Teams of students from local high schools are organized to design and rebuild a ...

Core Viewpoint - The article revises the outlook on Harley-Davidson, indicating a shift in stance due to changes in systematic and idiosyncratic variables since the last coverage in June 2021, where the stock was deemed to have outperformed its fundamental capacity [12][13]. Recent Performance - Harley-Davidson's stock has faced challenges over the past three years, primarily due to inconsistent demand for durable goods and questionable valuation multiples at the time of the last coverage [13][15]. - The company reported a revenue beat of $128.56 million and an earnings-per-share beat of 18 cents in its latest earnings report for Q1 [16]. Financial Metrics - Harley's financing and insurance unit (HDFS) grew by 12% year-over-year, achieving an operating profit margin of 21.7% [18]. - Motorcycle and parts sales decreased by 5% year-over-year, with an operating profit margin of 16.2% [19]. - LiveWire, the electric motorcycle segment, experienced a significant decline of 39%, resulting in an operating loss of $29 million [19]. Market Dynamics - Consumer confidence is low globally, but the company anticipates a recovery in motorcycle sales as consumer confidence improves, likely tied to a drop in interest rates [20]. - Harley-Davidson's credit and insurance departments are expected to maintain sustainable growth throughout the economic cycle [20]. Inventory and Market Share - Harley-Davidson's motorcycle profitability decreased to 16.2% in Q1, but the brand's strong positioning is expected to sustain its inflation pass-through capabilities [22]. - The company has increased its market share in the U.S. by 400 basis points, particularly in the touring motorcycle segment [23]. Valuation and Shareholder Returns - A price target of $54.94 per share is set for December 2024, indicating that the stock is currently undervalued [27]. - Harley-Davidson's forward dividend yield is 2.05%, with a low payout ratio of 14.83%, suggesting potential for future dividend increases [31]. Risk Factors - Concerns remain regarding the performance of LiveWire, as the electric motorcycle segment has not met expectations despite industry growth forecasts [33]. - The company faces challenges in expanding its market share in Europe and Asia, which may lead to inefficient capital expenditures [33].

Spearheaded by the Harley-Davidson Foundation and designed by acclaimed designers Heatherwick Studio, Davidson Park will benefit employees, local community and visitors to Milwaukee  MILWAUKEE, June 24, 2024 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson" or "H-D") (NYSE: HOG) today formally unveiled the newly created community park, Davidson Park ("the Park"), at its iconic Juneau Avenue campus in Milwaukee.  The project, pioneered by the Harley-Davidson Foundation ("the Foundation"), has been cre ...

JILIN, CHINA - APRIL 13, 2024 - Harley motorcycle owners parade at a high-speed exit in Jilin City, ... [+] Jilin province, China, April 13, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing via Getty ImagesHarley-Davidson stock currently trades at $35 per share, around 32% below its level of $52 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. On the other hand, Ford stock is down by about 12% over the same period. Harley saw its stock ...

MILWAUKEE, May 17, 2024  /PRNewswire/ -- The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors has approved a cash dividend of $0.1725 per share for the second quarter of 2024. The dividend is payable June 21, 2024 to the shareholders of record of the Company's common stock as of June 5, 2024.Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services.### (HOG-DIVIDEND)SOURCE Harley-Davidson, Inc. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9183 Harley-Davidson, Inc. (Exact name of registrant as specified in its charter) | Wisconsin | | 39-1382325 | | --- | --- | --- | | (State of o ...

Core Insights - Harley-Davidson, Inc. reported first-quarter 2024 adjusted earnings of $1.72 per share, exceeding the Zacks Consensus Estimate of $1.48 but down 16% year over year. Consolidated revenues were $1.73 billion, a decrease of 3% from the prior-year quarter [1] Segmental Highlights - The Motorcycle and Related Products segment generated revenues of $1.47 billion, down 5% year over year but above the forecast of $1.37 billion due to higher-than-expected motorcycle shipments. Global shipments totaled 57,700 motorcycles, a 7% decline year over year but exceeding projections of 55,663 units [2] - Revenues from motorcycle sales were $1.22 billion, down 6% year over year. Parts & accessories revenues decreased by 1% to $166 million, while apparel revenues fell 10% to $64 million. Licensing and other revenues increased significantly, with $9 million and $15 million, reflecting year-over-year growth of 44% and 51%, respectively [2] - Retail motorcycle units sold globally were 39,400, unchanged year over year. North American sales increased by 6% to 27,500 units, while EMEA and Asia Pacific sales declined by 11% and 12%, respectively. Latin America saw a slight increase of 2% [3] - Operating income from the motorcycle segment fell 29% year over year to $238 million due to lower volume and higher manufacturing costs [3] - Harley-Davidson Financial Services reported revenues of $249 million, a 12% increase year over year, surpassing the forecast of $233.5 million. However, operating income declined 8% to $54 million due to higher interest expenses and provisions for credit losses [3] LiveWire Performance - LiveWire's total shipments were 117 units, an 86% increase compared to the previous year. However, revenues decreased by 39% to $5 million, missing the estimate of $9.5 million due to lower-than-expected shipments. The operating loss widened from $25 million to $29 million, but was narrower than the projected loss of $31.1 million [4] Financial Position - Selling, general, and administrative expenses from the HDMC unit were $222.6 million. The company declared dividends of 17.25 cents per share during the quarter [5] - As of March 31, 2024, Harley-Davidson had cash and cash equivalents of $1.46 billion, down from $1.56 billion a year earlier. Long-term debt decreased to $4.99 billion from $5.27 billion [5] 2024 Guidance - For 2024, Harley-Davidson expects revenues from HDMC to be flat to down 9%. The operating income margin is projected to be between 12.6% and 13.6%. Operating income for Financial Services is expected to be flat to up 5%. The LiveWire segment anticipates motorcycle wholesale units in the range of 1,000-1,500, with an expected operating loss of $105-$115 million. Capital expenditure is projected to be between $225 million and $250 million [6]

Key TakeawaysInternational sales of Harley-Davidson motorcycles slumped, sending shares plunging.The company's new touring models didn't arrive at international dealerships until the end of the quarter.Despite the international sales decline, Harley-Davidson posted better-than-expected earnings and revenue in the first quarter. Shares of Harley-Davidson (HOG) plunged on Thursday after the motorcycle manufacturer announced a big drop in international demand during the first quarter. The company's stock was ...