Harley-Davidson(HOG)

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Harley-Davidson, Inc. To Report Fourth Quarter and Year-End 2024 Results on February 5, 2025
Prnewswire· 2025-01-15 22:00
Group 1 - Harley-Davidson, Inc. will release its fourth quarter and year-end 2024 financial results on February 5, 2025, before market hours [1] - An audio webcast is scheduled from 8-9 a.m. CST, where senior management will discuss financial results, business developments, and updates to the company's outlook [1] - A slide presentation supporting the discussion will be available prior to the audio webcast [1] Group 2 - Participants should log on and register at least 10 minutes before the start time and can access the slide presentation through the provided link [2] - A replay of the audio webcast will be available approximately two hours after the call concludes [2] Group 3 - Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services [3]
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 ...