Q2 2025 Results and HDFS Transaction Announcement Wednesday, July 30, 2025 Q2 2025 PERFORMANCE HEADLINES 3 ▪ Delivered diluted EPS of $0.88 ▪ HDMC operating income margin of 5.9% ▪ HDMC revenue down 23% year-over-year ▪ Global motorcycle shipments decreased 28%, due primarily to planned dealer inventory reduction ▪ Global motorcycle retail sales down 15% year-over-year ▪ Global dealer inventories down 28%, compared to Q2 '24, as we continued to prioritize reducing global dealer inventory ▪ The cost of new o ...

Group 1 - Harley-Davidson is expected to report Q2 2025 earnings on July 30, 2025, with consensus forecasts indicating earnings of approximately $0.96 per share, down from $1.63 in the same quarter last year, and revenue expected to be around $1.1 billion, reflecting a nearly 19% year-over-year decrease [2] - The decline in earnings and revenue suggests a diminishing interest in Harley's high-end motorcycles, attributed to low consumer confidence amid high interest rates and economic uncertainty [2] - The company has retracted its full-year 2025 outlook due to uncertainties related to trade policies and macroeconomic fluctuations, while management emphasizes commitment to cost control and stricter inventory management [2] Group 2 - Harley-Davidson currently has a market capitalization of $3.0 billion, with revenue for the past twelve months at $4.8 billion, generating $314 million in operating profits and $354 million in net income [3] - Historical trends indicate that there have been 17 earnings data points over the past five years, with 11 positive and 6 negative one-day returns, resulting in a 65% occurrence of positive returns [5] - The median of the 11 positive returns is 7.8%, while the median of the 6 negative returns is -6.8% [5] Group 3 - A strategy to analyze the correlation between short-term and medium-term returns post-earnings can be effective, particularly if the correlation is strong [6] - The correlation between 1D and 5D returns can guide traders to position themselves "long" for the subsequent 5 days if the 1D post-earnings return is positive [6] - The performance of peers can influence Harley-Davidson's stock reaction following earnings, with market adjustments potentially beginning prior to the earnings announcement [7]

Group 1 - Harley-Davidson has been facing challenges recently, with a previous recommendation of 'buy' made in late October 2022 [1] - The overall picture for the motorcycle manufacturer has deteriorated since the earlier positive outlook [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and growth potential [1] - Subscribers benefit from a stock model account, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2]

The company plans to leverage insights gained from this market research trip to develop tailored products and marketing approaches that resonate with Brazilian consumers, positioning itself for continued international growth in emerging South American markets. Established manufacturer showcases off-road motorcycles at Brazil's premier electronics trade show, exploring strategic market opportunities SÃO PAULO, Brazil, July 22, 2025 (GLOBE NEWSWIRE) -- Zhejiang Bosuer Motion Apparatus Co., Ltd. ("BSE" or "Bos ...

Rallygoers can Purchase or Win One of 26 Exclusive Sturgis Edition Motorcycles and Join the Sturgis Harley-Davidson Founders Club CHARLOTTE, N.C. and STURGIS, S.D., July 22, 2025 /PRNewswire/ -- Sonic Automotive, Inc. ("Sonic" or the "Company") (NYSE: SAH), one of the nation's largest automotive and powersports retailers, is kicking off a milestone celebration for the 85th Sturgis Motorcycle Rally with a regionwide push across all five of its Harley- Davidson dealerships in the Black Hills, including the fi ...

Core Points - Harley-Davidson, Inc. will release its second quarter 2025 financial results on July 30, 2025, before market hours [1] - An audio webcast for discussing financial results and business developments is scheduled from 8-9 a.m. CT on the same day [1] - A slide presentation supporting the discussion will be available prior to the audio webcast [1] Company Background - Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services [3]

Core Insights - Synchrony has partnered with Babes in the Dirt as the official financing partner for the 2025 Off-Road Adventure Series, aiming to support women's participation in powersports [1][2][4] - Babes in the Dirt is the largest network for women off-roaders in the US, established to transform the powersports industry and promote inclusivity [3][9] - Women are the fastest-growing segment in the powersports market, highlighting a significant opportunity for growth and engagement [2][3] Company Overview - Synchrony is a leading consumer financial services company, providing access to credit and banking products for nearly 100 years, serving tens of millions of people [6] - KTM North America, a subsidiary of KTM AG, is recognized as Europe's leading high-performance motorcycle manufacturer, known for its competitive edge in the powersports industry [7][8] Event Sponsorship and Impact - Synchrony will facilitate financing for motorcycle sales, parts, garments, and accessories through Babes in the Dirt, addressing the needs of attendees who intend to purchase motorcycles [4] - In 2024, 23% of attendees at Babes in the Dirt events did not own a motorcycle but planned to buy one, indicating a strong demand for financing options [4] Mission and Goals - Babes in the Dirt aims to create a supportive environment for women in the powersports community, encouraging participation and adventure [5][9] - The collaboration with Synchrony and KTM is designed to enhance accessibility to motorcycles and related services for aspiring women riders [5][6]

Core Insights - Ituran Location and Control Ltd. has partnered with BMW Motorrad Brasil to enhance telematics services for motorcycle riders in Brazil, significantly expanding Ituran's total addressable market [1][4] - The partnership aims to provide advanced safety and connectivity features for BMW Motorrad customers, including real-time location tracking and vehicle recovery services [2][3] Company Overview - Ituran is a leader in mobility technology, offering location-based services and is the largest OEM telematics provider in Latin America, with over 2.5 million subscribers [7][8] - BMW Group is a leading premium manufacturer of automobiles and motorcycles, with a global sales network in over 140 countries and a workforce of 159,104 employees as of December 31, 2024 [5][6] Partnership Details - The collaboration will provide BMW Motorrad customers with 24 months of free access to Ituran's services for new motorcycles, while existing customers will have special conditions to access the same features [3] - The initiative is expected to strengthen Ituran's innovation leadership in Brazil, a key market for its global growth [4]

Group 1: 5G and 6G Technology Transition - By 2025, the Chinese network connection device market is expected to reach 120 billion RMB, with an annual growth rate of 15%, and to exceed 210 billion RMB by 2030, with a CAGR of 11.8% [1] - Domestic companies like Huawei and Unisoc have made breakthroughs in 5G baseband and Wi-Fi 6/7 chips, but still rely on imported advanced processes below 7nm [1] - The global market share for domestic companies is projected to reach 30%, with significant advantages in 5G base stations and all-optical networks [1] Group 2: Motorcycle Industry Analysis - The motorcycle industry, while less focused on than automobiles and commercial aircraft, has a market size second only to these sectors, with China holding a significant position [2] - China is the largest motorcycle producer globally, with over 5 million units sold domestically and over 10 million exported annually, accounting for more than 30% of the global market [2] - Domestic motorcycle brands have improved their technology and product quality, particularly in the large-displacement motorcycle market, gradually surpassing joint venture brands [4] Group 3: Windsurf Acquisition and AI Coding Market - Windsurf, initially a GPU virtualization startup, transformed into an AI programming platform in 2022, attracting many developers [3] - OpenAI's planned acquisition of Windsurf for $3 billion in April 2023 faced challenges due to restrictions on access to the Claude model, impacting user experience [3] - The AI programming market is becoming increasingly competitive, with platforms like GitHub Copilot and Cursor still supporting the Claude model, but facing potential limitations due to tensions between OpenAI and Anthropic [3] Group 4: Huawei WATCH 5 Launch - Huawei's upcoming WATCH 5 is set to be the world's first 5G-enabled smartwatch, featuring a new Kirin chip and 5G eSIM communication module for high-speed connectivity [4][5] - The device supports dual-engine computing, offering powerful performance in "full mode" and extended battery life in "power-saving mode" [4] - The WATCH 5 also incorporates advanced features like Star Flash technology for improved connectivity and a smart assistant for precise health monitoring [6][7] Group 5: TSMC 2nm Process Yield - TSMC's 2nm process yield improved from 60% to 90% since risk production began in July 2023, leveraging experience from 3nm production [8] - By the end of 2025, TSMC is expected to produce 50,000 to 80,000 2nm wafers monthly, with demand significantly outpacing that for 5nm [8] - The N2 process offers a 10-15% performance increase at the same power level or a 25-30% power reduction at the same performance level, with a 1.7x increase in transistor density [8]

Core Insights - Central Standard Craft Distillery will relocate its main operations to a refurbished 73,000-square-foot space on the historic Harley-Davidson campus in Milwaukee, aiming to open in late spring 2026 [1][3] - The expansion is expected to increase distillery production capacity by 20 times and create new job opportunities, with headcount projected to double [4][3] - Both Central Standard and Harley-Davidson have a strong history of investing in the Milwaukee community, enhancing local economic and tourism landscapes [2][6] Company Developments - Central Standard's new facility will include full distillery production, a tasting room, tours, and private events, consolidating operations currently spread across three locations [1][4] - The project is designed by Minnesota-based firm HGA, which has previously worked on Central Standard's Crafthouse & Kitchen [5] - Harley-Davidson continues to invest in the Juneau Avenue area, recently unveiling Davidson Park as part of its commitment to community revitalization [6][7] Market Position - Central Standard Craft Distillery is recognized as the fastest-growing top-10 distiller in Wisconsin, producing award-winning spirits from locally sourced ingredients [9] - The partnership with Harley-Davidson is seen as a strategic move to enhance Central Standard's presence and engagement within the Milwaukee community [4][3]