Welcome to our dedicated page for Harley Davidson news (Ticker: HOG), a resource for investors and traders seeking the latest updates and insights on Harley Davidson stock.
Harley-Davidson, Inc. (NYSE: HOG) generates a steady flow of news that reflects its role in motorcycle manufacturing, branded lifestyle products, and financial services. As the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services, the company issues updates on motorcycles, apparel collaborations, financing activities, leadership changes and strategic transactions.
On this page, readers can follow HOG news related to new motorcycle model-year introductions, such as announcements of Grand American Touring, Sport, Adventure Touring, Cruiser and Trike models and associated trim packages. Harley-Davidson also publishes news about limited-edition apparel collaborations and branded gear that extend its motorcycle culture into clothing and accessories.
From a financial perspective, Harley-Davidson and Harley-Davidson Financial Services release information on quarterly results, dividends, share repurchase plans, tender offers for medium-term notes, and redemptions of outstanding debt. Recent communications describe a transaction in which Harley-Davidson Credit Corp. agreed to sell motorcycle receivables portfolios and enter forward flow arrangements with entities associated with KKR and PIMCO, along with a related minority equity investment in HDFS.
Corporate governance and leadership developments are another recurring theme in Harley-Davidson news. The company reports appointments of new executives, changes in board composition, and updates to its organizational structure intended to support dealer relations, marketing, technology, operations and brand strategy. It also announces webcasts and presentations where senior management discusses financial results, transactions and outlook considerations.
Investors, riders and other interested readers can use this news feed to review Harley-Davidson’s official press releases and related disclosures, covering topics from product launches and apparel partnerships to capital markets actions and boardroom changes.
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.
On May 10, 2022, Harley-Davidson hosted its 2022 Investor Day, reaffirming its strategic plan, The Hardwire. CEO Jochen Zeitz emphasized growth despite macro challenges. The company expects HDMC revenue growth of 5-10% and an operating margin of 11-12% for 2022. The Hardwire Stage II targets include a 5-7% CAGR in HDMC revenue from 2021-2025 and a combined revenue CAGR of 9-11% for HDMC and LiveWire. However, HDFS operating income is projected to decline by 20-25%. Investors are urged to view forward-looking statements as goals rather than guarantees.
Harley-Davidson reported a 5% revenue increase to $1.495 billion in Q1 2022, driven by a 6% growth in HDMC revenue and pricing strategies. However, operating income fell 16% to $289 million, impacted by supply chain issues and semiconductor shortages, with diluted EPS declining 14% to $1.45. Retail motorcycle sales rose 2%, primarily in EMEA and Asia Pacific, yet North American sales decreased by 5%. The company reaffirms its 2022 outlook, expecting 5-10% revenue growth and a decline in HDFS operating income by 20-25%. The merger with AEA-Bridges Impact Corp. for LiveWire is set to close mid-2022.
On April 18, 2022, Harley-Davidson announced the addition of Kjell Gruner and William Cornog to the Board of Directors for LiveWire Group, Inc., following its merger with AEA-Bridges Impact Corp. Jochen Zeitz, the CEO of Harley-Davidson, expressed optimism for LiveWire as it prepares to be the first publicly traded electric motorcycle company in the U.S. Gruner, with extensive automotive experience, and Cornog, known for operations and sustainability, are expected to enhance LiveWire's strategic direction.
The 2022 Harley-Davidson® Nightster™ model marks a significant evolution in the Sportster® motorcycle line, introducing the new Revolution® Max 975T powertrain. This liquid-cooled, 60-degree V-Twin engine offers 90 HP and 70 ft-lbs of torque, designed for strong mid-range performance. The Nightster combines classic styling with modern electronic rider aids, including selectable Ride Modes and Rider Safety Enhancements like ABS and Traction Control. Priced at $13,499, the model aims to attract a new generation of motorcycle enthusiasts starting April 2022.
Harley-Davidson, Inc. (NYSE: HOG) will announce its first quarter 2022 financial results on April 27, 2022, before market hours. The public is invited to a webcast conference call from 8-9 a.m. CDT, where senior management will discuss the results and business developments. A supporting slide presentation will be available 30 minutes prior to the call. Interested participants should log on and register at least 10 minutes before the start. A replay will be accessible about two hours after the conclusion of the call.
Richard Strong has been appointed as the Digital Officer and Senior VP of Information Technology for Agricor Laboratories and Botanacor Laboratories. Previously, he served as CIO for Harley-Davidson Financial Services and held senior IT roles at Harley-Davidson Motor Company (NYSE: HOG). His 20+ years of experience will focus on enhancing digital, data, and cloud solutions. This strategic move aims to improve lab services and ensure compliance in a complex regulatory environment.
Harley-Davidson, Inc. (NYSE:HOG) reported strong 2021 results, achieving a 32% increase in total revenue, totaling $5.336 billion. The company's GAAP diluted EPS reached $4.19, a significant rise from $0.01 in 2020. The fourth quarter saw a 40% revenue growth to $1.016 billion, with GAAP diluted EPS of $0.14. However, the 2022 outlook forecasts a 20-25% decline in operating income for the Financial Services segment. Harley-Davidson plans to invest $190-$220 million into growth initiatives while managing supply chain challenges.
Harley-Davidson, Inc. (NYSE: HOG) has declared a cash dividend of $0.1575 per share for Q1 2022. This dividend will be payable on March 18, 2022, to shareholders on record as of February 28, 2022. This decision reflects the company's ongoing commitment to return value to its shareholders while maintaining financial health.
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