Harley-Davidson(HOG)

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2025 HARLEY-DAVIDSON HOMECOMING FESTIVAL TO FEATURE HEADLINING ACTS CHRIS STAPLETON AND HANK WILLIAMS JR.
Prnewswire· 2025-01-09 14:03
Event Details - The Harley-Davidson Homecoming Festival will take place from July 10-13, 2025, at Veterans Park and other venues in Milwaukee [1][4] - Ticket options include 2-Day and 1-Day General Admission (GA), GA+, and VIP, with presale starting on January 17 at 9am CT [1] - The festival will feature live music performances, local food, beverages, and more, with headliners Chris Stapleton on July 12 and Hank Williams Jr on July 11 [1][2][3][4] - Additional top acts and the full performance schedule will be announced later [4] Headliners - Chris Stapleton, a 10-time Grammy, 19-time CMA, and 19-time ACM Award-winner, will headline on July 12 [2] - Hank Williams Jr, with over 60 years in the music industry and 70 million albums sold worldwide, will headline on July 11 [3] Venues and Activities - Events will be held at both free and ticketed venues across Milwaukee, including Veterans Park, the Harley-Davidson Museum, H-D Headquarters, and local dealerships [4] - Admission to Veterans Park for live music and activities requires a ticket [4] - More entertainment and event details, including factory tours, will be announced as plans are finalized [5] Company Information - Harley-Davidson, Inc is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services [6] - The company has been defining motorcycle culture since 1903 with a range of customizable motorcycles, riding experiences, and accessories [6] - Harley-Davidson Financial Services provides financing, insurance, and other programs to help riders get on the road [6]
Harley-Davidson announces promotion of Jonathan Root to President, Commercial
Prnewswire· 2025-01-08 22:30
Leadership Changes - Jonathan Root has been promoted to President, Commercial, while retaining his role as Chief Financial Officer, effective January 27, 2025 [1] - Root will oversee global commercial operations and continue leading the finance organization, reporting directly to CEO Jochen Zeitz [1] - This promotion reflects Root's strong leadership and deep expertise in the company's business operations [2] Jonathan Root's Background - Root was appointed as CFO in June 2023 and previously served as Senior Vice President at Harley-Davidson Financial Services (HDFS) [3] - He held leadership roles including President of Eaglemark Savings Bank, President of Harley-Davidson Insurance, and President of all other HDFS subsidiaries [3] - Root joined HDFS in 2011 and holds an MBA from the University of Detroit Mercy and a Bachelor of Science in Corporate Finance from Wayne State University [3] Company Overview - Harley-Davidson, Inc is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services [4] - The company's vision is to build its legend and lead the industry through innovation, evolution, and emotion [4] - Harley-Davidson has defined motorcycle culture since 1903, offering customizable motorcycles, riding experiences, and accessories [4] - Harley-Davidson Financial Services provides financing, insurance, and other programs to support riders [4]
Harley-Davidson Shares Decline 3% Since Q3 Earnings Beat
ZACKS· 2024-11-08 16:30
Shares of Harley-Davidson, Inc. (HOG) fell 2.6% since the company released its third-quarter 2024 results on Oct. 24, before the opening bell. HOG reported third-quarter adjusted earnings of 91 cents per share, which beat the Zacks Consensus Estimate of 82 cents but declined 34% year over year. The motorcycle manufacturer generated consolidated revenues (including motorcycle sales and financial services revenues) of $1.15 billion, down 26% from the prior-year quarter.Stay up-to-date with the quarterly relea ...
Harley-Davidson(HOG) - 2024 Q3 - Quarterly Report
2024-11-06 20:46
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 September 30, 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. Emplo ...
Can Harley Stock Rev Up To $50?
Forbes· 2024-11-01 11:30
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 ...
Harley-Davidson(HOG) - 2024 Q3 - Earnings Call Presentation
2024-10-24 17:35
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 ...
Harley-Davidson(HOG) - 2024 Q3 - Earnings Call Transcript
2024-10-24 17:35
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]
Compared to Estimates, Harley-Davidson (HOG) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-24 16:31
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) Q3 Earnings Beat Estimates
ZACKS· 2024-10-24 13:15
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 ...
Harley-Davidson Delivers Third Quarter Financial Results
Prnewswire· 2024-10-24 11:00
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 ...