MILWAUKEE, Feb. 27, 2025 /PRNewswire/ -- Harley-Davidson, Inc. ("Company") (NYSE: HOG) announced today that it will present at the Raymond James 46th Annual Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida on Wednesday, March 5, 2025, between 7:30 a.m. – 1:35 p.m. ET. Chief Financial Officer and President of Commercial Jonathan Root and Investor Relations Director Shawn Collins will present in one-on-one and group sessions, and answer questions about the Company. Compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 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 organization) (I.R.S. Employer Ide ...

Core Viewpoint - Harley-Davidson has announced a cash dividend increase of 4.3% for Q1 2025, reflecting its financial strength and commitment to shareholder value, despite recent stock underperformance [1][2]. Financial Performance - The dividend is set at 18 cents per share, with a forward yield of 2.8%, payable on March 14, 2025, to shareholders of record as of February 28, 2025 [1]. - Harley-Davidson shares have declined by 30.7% over the past 12 months, underperforming the Zacks Auto-Tires-Trucks sector's growth of 11.3% and the Zacks Automotive – Domestic industry's return of 25.9% [2][3]. - The S&P 500 index has increased by 23.2% during the same period [2]. Market Position and Growth - The company is enhancing its market position through an innovative product portfolio, with a nearly 5% growth in the U.S. driven by the successful launch of the '24 Street Glide and Road Glide models, pushing market share to nearly 75% [6]. - Six new cruisers and updates to existing models are improving Harley-Davidson's competitive edge [7]. - Strategic marketing efforts and collaborations are increasing brand visibility and consumer engagement [8]. - The LiveWire unit, focusing on e-bikes, has seen a 46% year-over-year increase in global retail sales, maintaining a 65% market share in the U.S. electric motorcycle segment [9]. Valuation - Harley-Davidson shares are currently considered undervalued, with a Value Score of A, trading at a forward price/sales ratio of 0.79x compared to the sector's 1.48x [10]. 2025 Outlook - The company anticipates flat retail sales for 2025, with a 5% decline in wholesale shipments as it manages dealer inventory [13]. - Global inventory levels are expected to decrease by over 10% by the end of 2025, with a 30% reduction in the first half [13]. - Revenue projections for Harley-Davidson Motor Company are expected to be flat to down 5%, while Harley-Davidson Financial Services anticipates a 10% to 15% drop in operating income [14]. - The Zacks Consensus Estimate for 2025 revenues is $4.14 billion, indicating a decline of 0.14% year-over-year, with EPS expected to be $3.44, down 18.1% over the past 30 days [16].

Market Overview - Wall Street is experiencing volatility due to persistent inflation, uncertainty regarding the Federal Reserve's rate-cut trajectory, and concerns over a potential trade war [1] - The auto sector faces additional challenges from potential U.S. tariffs on Canadian and Mexican imports, although these duties were temporarily paused [1] Dividend-Paying Stocks - Dividend-paying stocks are seen as a stable investment option for cautious investors seeking steady income [2] - Several auto stocks, including Harley-Davidson, Magna International, Oshkosh Corp., PACCAR, and Group 1 Automotive, have recently increased their first-quarter 2025 dividends [2] Harley-Davidson - Harley-Davidson raised its quarterly dividend by 4.3% to $0.18 per share, resulting in a dividend yield of 2.80% and a payout ratio of around 20% [3] - The company anticipates flat retail sales for 2025, with wholesale shipments expected to decline by 5% and global inventory projected to drop over 10% [4] - The Zacks Consensus Estimate for Harley-Davidson's 2025 EPS is $3.44, reflecting a decrease of $0.76 over the past 30 days [5] Magna International - Magna International increased its quarterly dividend by 2% to $0.485 per share, translating to a dividend yield of 5% and a payout ratio of around 35% [6] - The company is implementing restructuring and cost-cutting measures due to macroeconomic pressures, leading to a revised 2026 sales outlook [7] - The Zacks Consensus Estimate for Magna's 2025 EPS implies growth of 13% [8] Group 1 Automotive - Group 1 Automotive raised its quarterly dividend by 6.3% to $0.50 per share, resulting in a dividend yield of 0.4% and a sustainable payout ratio of 5% [10] - The company has increased dividends 12 times in the last five years, with an annualized growth rate of 12.5% [10] - The Zacks Consensus Estimate for Group 1's 2025 sales and EPS implies growth of 10% and 4.4%, respectively [12] Oshkosh Corporation - Oshkosh raised its quarterly dividend by 11% to $0.51 per share, yielding 1.90% with a payout ratio of around 16% [14] - The company has a strong balance sheet and is expanding its offerings through acquisitions, although it faces short-term softness in its Access segment [15] - The Zacks Consensus Estimate for Oshkosh's 2025 sales and EPS implies a decline of 2.4% and 6.6%, respectively [17] PACCAR - PACCAR increased its quarterly dividend by 10% to $0.33 per share, resulting in a dividend yield of 1.25% and a payout ratio of around 15% [18][19] - The company is poised for growth due to strong demand for its vehicles and strategic expansion initiatives, despite facing significant capital expenditures [20] - The Zacks Consensus Estimate for PACCAR's 2025 sales implies a 0.5% increase year over year, while EPS estimates suggest a 4.2% decline [21]

Core Insights - Harley-Davidson, Inc. reported a fourth-quarter 2024 adjusted loss of 93 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 68 cents, and a significant decline from earnings of 18 cents per share in the same quarter last year [1] - The company generated consolidated revenues of $688 million, down 35% from the prior-year quarter [1] Segmental Highlights - Revenues from the Motorcycle and Related Products segment fell 47% year-over-year to $420 million, missing the forecast of $463 million due to lower motorcycle shipments [2] - Worldwide motorcycle shipments decreased 15% to 25,700 units, lagging behind the estimate of 27,122 units [2] - Revenues from motorcycle sales were $231 million, down 60% year-over-year, with an operating loss of $214 million, wider than the loss of $44 million in the same quarter of 2023 [2] - Retail motorcycle units sold globally were 25,660, down 14.9% year-over-year, with North America sales decreasing 4% to 15,127 units [3] Financial Performance - Revenues for parts and accessories were down 10% year-over-year to $118 million, but exceeded the estimate of $94.7 million [4] - Revenues from Harley-Davidson Financial Services totaled $257 million, up 4% year-over-year, but missed the forecast of $267.1 million [4] - Operating income for Financial Services fell 20% to $46 million, missing the estimate of $56.1 million [4] LiveWire Segment - Total shipments for LiveWire were 236 units, declining 54% from the year-ago quarter, with revenues down 32% to $10 million [5] - Operating loss for LiveWire narrowed from $35 million to $26 million, which was better than the projected loss of $29 million [5] Financial Position - Selling, general and administrative expenses decreased to $210.5 million from $225.5 million in the year-ago quarter [6] - Cash and cash equivalents were $1.59 billion as of December 31, 2024, up from $1.53 billion a year earlier [6] - Long-term debt decreased to $4.47 million from $4.99 million recorded as of December 31, 2023 [6] 2025 Guidance - For 2025, the company expects revenues from HDMC to remain flat to down 5% year-over-year, with an operating income margin expectation of 7-8% for the motorcycle segment [7] - Operating income for Financial Services is anticipated to fall 10-15% compared to 2024 [7] - Electric motorcycle wholesale units for the LiveWire segment are expected to be in the range of 1,000-1,500, with an anticipated operating loss of $70-$80 million [8] - Capital expenditure projection for the full year is estimated to be in the range of $225-$250 million [8]

Harley-Davidson, Inc. (NYSE:HOG) Q4 2024 Earnings Conference Call February 5, 2025 9:00 AM ET Company Participants Shawn Collins - Director of Investor Relations Jochen Zeitz - Chairman, President and Chief Executive Officer Jonathan Root - Chief Financial Officer Karim Donnez - Chief Executive Officer, LiveWire Conference Call Participants Megan Clapp - Morgan Stanley Joe Altobello - Raymond James James Hardiman - Citi Robin Farley - UBS Fred Wightman - Wolfe Research Alex Perry - Bank of America Joe Nolan ...

Core Insights - Harley-Davidson reported a significant decline in revenue and earnings for the quarter ended December 2024, with revenue of $430.89 million, down 46.6% year-over-year, and an EPS of -$0.93 compared to $0.18 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $481.81 million by 10.57%, while the EPS also missed the consensus estimate of -$0.68 by 36.76% [1] Financial Performance - Total worldwide retail sales of Harley-Davidson motorcycles were 25,660, slightly below the average estimate of 26,340 [4] - Total motorcycle shipments were 14,010, compared to the estimated 15,331 [4] - Revenue from motorcycles and related products was $420.49 million, down 46.9% year-over-year, and below the average estimate of $481.81 million [4] - Revenue from motorcycles was $231.47 million, a decline of 60.3% compared to the previous year, and below the estimate of $286.10 million [4] - Revenue from financial services was $256.72 million, representing a 4.3% increase year-over-year, and slightly above the estimate of $254.39 million [4] Market Performance - Harley-Davidson shares have returned -9% over the past month, contrasting with the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Q4 and Full Year 2024 Results Wednesday, February 5, 2025 Q4 AND FULL YEAR 2024 RESULTS – EARNINGS CALL Call Participants 2 ▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer and President, Commercial ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations FULL YEAR 2024 PERFORMANCE HEADLINES 3 • Delivered diluted EPS of $3.44 • HDMC operating income of $278 million for an operating margin of 6.7% • HDMC global motorcycle shipments of 148,86 ...

分组1 - Harley-Davidson reported a quarterly loss of $0.93 per share, missing the Zacks Consensus Estimate of a loss of $0.68, compared to earnings of $0.18 per share a year ago, representing an earnings surprise of -36.76% [1] - The company posted revenues of $430.89 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 10.57%, and down from $807.01 million year-over-year [2] - Harley-Davidson shares have declined approximately 11% since the beginning of the year, while the S&P 500 has gained 2.7% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.68 on revenues of $1.46 billion, and for the current fiscal year, it is $3.96 on revenues of $4.26 billion [7] - The Zacks Industry Rank for Automotive - Domestic is currently in the bottom 26% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]

Core Insights - Harley-Davidson reported a significant decline in financial performance for the fourth quarter and full year 2024, with a consolidated revenue drop of 35% in Q4 and 11% for the full year compared to 2023 [4][5][6] - The company faced challenges due to high-interest rates affecting consumer confidence and a cyclical downturn in discretionary products, but it aims to leverage its Hardwire strategy to strengthen its market position [2][4] Financial Performance - Fourth Quarter 2024 Results: - Revenue: $688 million, down 35% from $1,053 million in Q4 2023 [4] - Operating Loss: $193 million compared to a loss of $21 million in the prior year [5] - Net Income Attributable to HDI: Loss of $117 million versus a profit of $26 million in Q4 2023 [4] - Diluted EPS: Loss of $0.93 compared to earnings of $0.18 in Q4 2023 [4] - Full Year 2024 Results: - Revenue: $5.187 billion, down 11% from $5.836 billion in 2023 [4] - Operating Income: $417 million, down 47% from $779 million in 2023 [4] - Net Income Attributable to HDI: $455 million, down 36% from $707 million in 2023 [4] - Diluted EPS: $3.44, down 29% from $4.87 in 2023 [4] Segment Performance - Harley-Davidson Motor Company (HDMC): - Q4 Revenue: $420 million, down 47% from $792 million in Q4 2023 [8] - Global Motorcycle Shipments: 14,010 units, down 53% from 29,544 units in Q4 2023 [8] - Full Year Revenue: $4.122 billion, down 15% from $4.845 billion in 2023 [8] - Operating Income: $278 million, down 58% from $661 million in 2023 [8] - Harley-Davidson Financial Services (HDFS): - Q4 Revenue: $257 million, up 4% from $246 million in Q4 2023 [14] - Full Year Revenue: $1.039 billion, up 9% from $954 million in 2023 [15] - Operating Income: $248 million, up 6% from $235 million in 2023 [15] - LiveWire: - Q4 Revenue: $10 million, down 32% from $15 million in Q4 2023 [16] - Full Year Revenue: $26 million, down 31% from $38 million in 2023 [17] - Electric Motorcycle Shipments: 612 units, down 7% from 660 units in 2023 [17] Retail Sales - Global retail sales of new motorcycles decreased by 15% in Q4 2024 compared to Q4 2023, with North America down 13% and EMEA down 7% [12][13] - For the full year 2024, global retail sales were down 7%, with North America declining by 4% [13] Cash Flow and Investments - The company generated $1.1 billion in cash from operating activities for the full year 2024 [19] - Capital investments for 2025 are projected to be between $225 million and $250 million [6] Market Position - Harley-Davidson's market share in the U.S. Touring segment reached 74.5% in 2024, driven by the launch of new models [2] - The company aims to capitalize on any potential recovery in consumer spending as it navigates current market challenges [2]