Harley Davidson Stock Price, News & Analysis

Harley-Davidson reported strong Q3 2022 results, with a 24% increase in HDMC revenue and a 66% rise in operating income. Global motorcycle shipments grew by 19% year-over-year, recovering from a previous production suspension. GAAP diluted EPS rose 70% to $1.78. However, Harley-Davidson Financial Services (HDFS) saw a 24% decline in operating income due to credit normalization. The company reaffirms its guidance for the year, expecting 5-10% revenue growth and 20-25% decline in HDFS operating income.

Harley-Davidson, Inc. (NYSE: HOG) is set to announce its third quarter 2022 financial results on October 26, 2022, before market hours. A live audio webcast will occur from 8-9 a.m. CDT to discuss the results, business developments, and updates on the company’s outlook. Participants are encouraged to log on at least 10 minutes prior to the event, with a slide presentation available 30 minutes before the call. A replay will be accessible two hours after the conclusion.

The Board of Directors of Harley-Davidson has declared a cash dividend of $0.1575 per share for Q3 2022. This dividend will be paid on September 22, 2022, to shareholders of record as of September 12, 2022. This announcement shows the company's commitment to providing returns to its shareholders amidst ongoing operations.

Harley-Davidson announced the appointment of Rafeh Masood to its board of directors, effective immediately. Masood, previously the Chief Customer Officer at Bed Bath & Beyond, brings expertise in digital and omnichannel strategies crucial for Harley's Hardwire strategy. His extensive experience includes roles at BJ's Wholesale Club and DICK's Sporting Goods. CEO Jochen Zeitz emphasized Masood's knowledge will enhance consumer engagement. Masood holds a B.S. in Information Systems and an MBA from DePaul University.

Harley-Davidson reported a 15% decline in global motorcycle shipments in Q2 2022, mainly due to a two-week production suspension. Revenue decreased 4% to $1.469 billion, with HDMC revenue down 5%. However, GAAP diluted EPS rose 10% to $1.46, supported by share repurchases. Operating income margins improved to 15.1%. Despite challenges, the company reaffirmed its 2022 guidance expecting a 5-10% revenue growth for HDMC. The LiveWire merger is projected to be publicly listed by late September.

Harley-Davidson, Inc. (NYSE: HOG) will announce its Q2 2022 financial results on Thursday, July 28, 2022, before market hours. An audio webcast for the financial results will take place from 8 a.m. to 9 a.m. CDT, where senior management will discuss performance and future outlook. A slide presentation will be available 30 minutes prior to the webcast. Participants must register 10 minutes before the call starts. A replay will be accessible two hours post-call. More details can be found on their investor page.

Harley-Davidson (NYSE:HOG) has appointed Tralisa Maraj as Chief Financial Officer of LiveWire, effective June 22, 2022. Maraj brings substantial experience in finance and corporate governance, previously serving at CGX Energy and Remora Energy Management. The company highlights that her appointment comes at a pivotal time as LiveWire aims to become the first publicly traded electric vehicle (EV) company in the U.S. LiveWire intends to leverage Harley-Davidson's expertise in engineering and manufacturing while focusing on innovative EV development.

On May 19, 2022, Harley-Davidson (NYSE:HOG) announced a temporary suspension of all vehicle assembly and shipments, excluding LiveWire, for two weeks. This precautionary measure was taken due to a regulatory compliance issue with a third-party supplier's component part, communicated to Harley-Davidson on May 17. The company emphasizes this decision is based on safety and compliance concerns, although details regarding the potential impact on production or finances have not been disclosed.

Harley-Davidson, Inc. (NYSE: HOG) announced a cash dividend of $0.1575 per share for Q2 2022. The dividend is payable on June 17, 2022, to shareholders recorded as of June 2, 2022. This decision reflects the company’s ongoing commitment to returning value to its shareholders.