MILWAUKEE, Feb. 16, 2024 /PRNewswire/ -- The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors has approved a cash dividend of $0.1725 per share for the first quarter of 2024. The dividend is payable March 20, 2024 to the shareholders of record of the Company's common stock as of March 4, 2024. Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. ### (HOG-DIVIDEND) SOURCE Harley-Davidson, Inc. ...

Harley-Davidson, Inc. (HOG) reported fourth-quarter 2023 adjusted earnings of 18 cents per share, which beat the Zacks Consensus Estimate of 4 cents but fell 35.7% year over year. The motorcycle manufacturer generated consolidated revenues (including motorcycle sales and financial services revenues) of $1.05 billion, down 8% from the prior-year quarter.Segmental HighlightsHarley-Davidson Motor Company: Total revenues from the Motorcycle and Related Products segment, constituting the bulk of the firm’s overa ...

Financial Data and Key Metrics Changes - In Q4 2023, total consolidated HDI revenue was $1.1 billion, down 8% compared to the same quarter last year [21] - For the full year 2023, total consolidated revenue was just over $5.8 billion, a 1% increase year-over-year, while total operating income was $779 million, down 14% from the previous year [23] - Q4 earnings per share was $0.18, while full year earnings per share was $4.87, compared to $4.96 in 2022 [22][23] - Operating income margin for HDMC was 13.6% in 2023, compared to 6.3% in 2019 [7][28] Business Line Data and Key Metrics Changes - Global wholesale motorcycle shipments decreased by 13% in Q4 2023, with HDMC revenue down 14% due to lower volumes [20][21] - LiveWire revenue increased from $9 million in Q4 2022 to $15 million in Q4 2023, driven by higher unit sales of Del Mar electric motorcycles [21][33] - HDFS revenue grew by 15% in Q4 2023, while operating income was $58 million, down 10% year-over-year [21][29] Market Data and Key Metrics Changes - In North America, Q4 retail sales declined by 9%, while EMEA retail sales fell by 22% [23][24] - Retail sales in Latin America increased by 46%, driven by growth in Brazil and Mexico [24] - Dealer inventory at the end of Q4 was up approximately 50% from the end of Q4 2022, indicating improved product availability [24] Company Strategy and Development Direction - The company continues to focus on its hardwired strategy, emphasizing core products and markets, innovation, and customer experience [5][8] - The launch of new touring models is a key priority, with the Grand American Touring category being central to the brand's identity [12][13] - The company aims to balance wholesales and retails through cautious inventory management and strategic pricing adjustments [17][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by high interest rates affecting consumer discretionary purchases, but expressed optimism about the new product launches [5][16] - The company expects retail units to be flat to up 9% in 2024, with wholesale unit shipments projected to decline between 1% and 10% [36] - Management highlighted the importance of maintaining dealer profitability and improving dealer sentiment through new product launches [43][44] Other Important Information - The company plans to invest between $225 million to $250 million in capital expenditures for 2024, focusing on product development and manufacturing enhancements [39][40] - Share buybacks totaled 10.2 million shares at a value of $350 million in 2023, reflecting strong cash flow generation [35] Q&A Session Summary Question: Dealer sentiment and partnership opportunities - Management acknowledged the tough year for dealers due to high interest rates but noted improved dealer sentiment due to new product launches [42][43] Question: Mix expectations for 2024 - Management indicated a shift towards higher value products, with a focus on touring and trike shipments while managing inventory levels [47][49] Question: Current versus noncurrent product mix - Management confirmed appropriate inventory levels and emphasized the importance of supporting retail as new models are introduced [52][54] Question: Impact of promotions and discounts on retail - Management observed a positive retail increase in December, correlating with promotional activities, and emphasized the need for a balanced mix of products [59][60] Question: Guidance on retail demand and EPS - Management provided a broader guidance range for retail units in 2024, acknowledging the impact of interest rates and the importance of the North American market [66][68]

Harley-Davidson (HOG) reported $807.01 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.2%. EPS of $0.18 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of -13.24% over the Zacks Consensus Estimate of $930.18 million. With the consensus EPS estimate being $0.04, the EPS surprise was +350.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Q4 and Full Year 2023 Results & 2024 Outlook Thursday, February 8, 2024 Q4 & FULL YEAR 2023 RESULTS & 2024 OUTLOOK – EARNINGS CALL Call Participants ▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer ▪ Edel O’Sullivan, Chief Commercial Officer ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ...

分组1 - Harley-Davidson reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.28 per share a year ago, representing an earnings surprise of 350% [1] - The company posted revenues of $807.01 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 13.24%, compared to $918.68 million in the same quarter last year [1] - Over the last four quarters, Harley-Davidson has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] 分组2 - The stock has underperformed, losing about 6.2% since the beginning of the year, while the S&P 500 has gained 4.7% [2] - The current consensus EPS estimate for the coming quarter is $1.80 on revenues of $1.45 billion, and for the current fiscal year, it is $4.53 on revenues of $5.12 billion [4] - The Zacks Industry Rank for Automotive - Domestic is in the top 46% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]

Core Insights - Harley-Davidson Inc. reported a significant earnings beat for the fourth quarter, with net income of $25.8 million, or 18 cents per share, surpassing the FactSet consensus of 4 cents per share [1] - Despite the profit beat, motorcycle shipments continued to decline, falling 13% for the third consecutive quarter due to cautious dealer inventory management and market conditions [1] - Revenue decreased by 7.8% to $1.05 billion, although it exceeded the FactSet consensus of $998.2 million [1] Financial Performance - Net income decreased from $41.9 million, or 28 cents per share, in the previous year to $25.8 million, or 18 cents per share [1] - Revenue fell by 7.8% year-over-year to $1.05 billion [1] - Motorcycle sales dropped 12.5% to $583 million, while parts and accessories sales decreased by 13.9% to $130 million [1] Motorcycle Shipments and Sales - Motorcycle shipments fell by 13%, marking the third straight quarter of declines [1] - The company sold 514 LiveWire electric motorcycles in the fourth quarter, a significant increase from 69 units sold in the same period last year [1] - Harley-Davidson anticipates shipping between 1,000 to 1,500 electric motorcycles in 2024 [1]

MILWAUKEE, Feb. 8, 2024 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company") (NYSE: HOG) today reported fourth quarter and full year 2023 results. "In the third year of our Hardwire strategy we have made progress in key elements of our strategic plan - focusing on our most profitable products and markets, which we believe will continue to yield benefits to the business and have set us up for long-term value creation despite the current challenging environment for the industry," ...

The upcoming report from Harley-Davidson (HOG) is expected to reveal quarterly earnings of $0.04 per share, indicating a decline of 85.7% compared to the year-ago period. Analysts forecast revenues of $930.18 million, representing an increase of 1.3% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's ea ...

Each of these 2024 models are scheduled to reach authorized Harley-Davidson dealerships in January 2024. "These exciting new models represent a new era for Harley-Davidson, elevating every aspect of performance, technology, comfort, and style," said Jochen Zeitz, Chairman, President and CEO of Harley-Davidson. "Without question, these are the most enticing touring motorcycles ever offered by Harley-Davidson." NEW 2024 Street Glide and Road Glide ModelsThe 2024 Street Glide and Road Glide models are more pow ...