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.
Overview
Harley-Davidson, Inc. has established itself as a timeless symbol in the global motorcycle industry. With a legacy dating back to 1903, the company has built a reputation for manufacturing heavyweight, highly customizable motorcycles. Its ethos is deeply rooted in the pursuit of personal freedom and the celebration of a unique, culturally rich lifestyle. Keywords such as motorcycle manufacturing, custom motorcycles, and riding culture underscore its commitment to quality and innovation.
Core Business and Operations
Harley-Davidson’s operations span a wide array of business areas. The company designs, produces, and markets an extensive range of motorcycles that cater to various segments including cruising, touring, and adventure touring. In addition, it offers a comprehensive suite of motorcycle accessories, riding gear, and apparel that enhance the overall riding experience. Complementing its manufacturing activities, Harley-Davidson Financial Services provides tailored financing, insurance, and credit solutions to both dealers and riders, ensuring that financial support aligns seamlessly with its sales and customer service strategies.
Market Position and Competitive Landscape
Positioned as an iconic marque in the motorcycle industry, Harley-Davidson has secured a significant market presence both domestically and globally. Its differentiated approach, which emphasizes emotional engagement and a personalized retail experience, enables the company to cultivate enduring customer relationships. This distinct identity supports its competitive stance against other global players by consistently offering an immersive motorcycle culture that speaks to the aspirations of riders across diverse demographics.
Innovation and Product Diversification
Innovation is at the heart of Harley-Davidson’s operations. The company continues to evolve its product lineup by integrating advanced design elements and manufacturing technologies while staying true to its heritage. Its portfolio now includes segments such as adventure touring and electric motorcycles, diversifying its offerings and appealing to both longtime enthusiasts and new riders. The utilization of flexible production methods allows it to build and customize motorcycles according to individual customer preferences, setting a benchmark for quality and personalization in the industry.
Cultural Impact and Heritage
More than just a motorcycle manufacturer, Harley-Davidson represents a lifestyle. The brand has long been synonymous with the spirit of adventure and personal freedom, imbued in every aspect of its design and marketing philosophy. This cultural resonance is fostered through a community-oriented approach that includes immersive retail experiences and events that celebrate the artistry of motorcycle riding. The emotional connection with its customers transcends mere product transactions, creating a legacy that has defined motorcycle culture for over a century.
Authoritativeness and Trust
Harley-Davidson’s enduring reputation is built on a foundation of expertise, quality craftsmanship, and continual innovation. Its integrated approach to product development, financial services, and customer engagement has fostered an environment of trust and reliability. By blending traditional manufacturing techniques with modern innovations, the company has maintained its authoritative status within a competitive industry landscape, ensuring that both its products and its brand remain highly regarded by customers and industry experts alike.
Harley-Davidson (NYSE:HOG) has announced headliners for its 2025 Homecoming® Festival, featuring Chris Stapleton and Hank Williams Jr. performing at Veterans Park in Milwaukee on July 11-12, 2025. The festival celebrates music, moto-culture, and H-D's hometown with events across multiple venues including the Harley-Davidson Museum, H-D Headquarters, and local dealerships.
Ticket sales begin January 17, 2025, at 10am CT, with presale access starting at 9am CT. The event offers various ticket options including 2-Day and 1-Day General Admission, GA+, and VIP packages. The festival, running July 10-13, will feature additional performers to be announced later, along with entertainment, local food, and beverages at Veterans Park.
Harley-Davidson (NYSE:HOG) has announced the promotion of Jonathan Root to the position of President, Commercial, effective January 27, 2025, while maintaining his current role as Chief Financial Officer. In his expanded role, Root will oversee global commercial operations while continuing to lead the finance organization, reporting to CEO Jochen Zeitz.
Root, who was appointed CFO in June 2023, previously served as Senior Vice President at Harley-Davidson Financial Services (HDFS), where he held multiple leadership positions including President of Eaglemark Savings Bank and Harley-Davidson Insurance. He 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.
Harley-Davidson (NYSE: HOG) has announced a quarterly cash dividend of $0.1725 per share for Q4 2024. The dividend will be paid on December 23, 2024, to shareholders recorded as of December 10, 2024. The announcement comes from the company's Board of Directors, affecting both the motorcycle manufacturing division and financial services segment.
Harley-Davidson (NYSE: HOG) reported Q3 2024 results with significant declines across key metrics. The company delivered diluted EPS of $0.91, down 34% year-over-year, while consolidated revenue decreased 26% to $1.15 billion. Operating income fell 49% to $106 million. Global motorcycle shipments dropped 39%, with retail sales down 13% globally and 10% in North America. HDMC revenue declined 32%, though HDFS saw positive performance with operating income up 29%. Due to challenging market conditions, the company lowered its full-year 2024 outlook, now expecting HDMC revenue to decline 14-16% compared to 2023.
Harley-Davidson, Inc. (NYSE: HOG) has announced it will release its third quarter 2024 financial results on Thursday, October 24, 2024, before market hours. The company will host a public audio webcast from 8-9 a.m. CDT where senior management will discuss financial results, business developments, and updates to the company's outlook. A supporting slide presentation will be available prior to the webcast.
Participants are advised to log-on and register at least 10 minutes before the start time. The slide presentation can be accessed at the Harley-Davidson investor relations website. A replay of the audio webcast will be available approximately two hours after the call concludes.
Harley-Davidson (NYSE: HOG) has announced a cash dividend of $0.1725 per share for the third quarter of 2024. The dividend will be payable on September 27, 2024 to shareholders of record as of September 16, 2024. This decision was approved by the company's Board of Directors, demonstrating Harley-Davidson's commitment to returning value to its shareholders. The announcement affects both Harley-Davidson Motor Company and Harley-Davidson Financial Services, which are subsidiaries of the parent company, Harley-Davidson.
Harley-Davidson (NYSE: HOG) has reached a significant milestone, training one million riders through its Riding Academy program. This achievement solidifies its position as the largest rider training program in the United States. The Harley-Davidson Riding Academy, rebranded from Rider's Edge in 2013, offers training through a network of over 225 dealerships in 43 U.S. states.
The program provides a range of courses, including the New Rider Course, which can lead to a license waiver in most states. With more than 1,500 certified coaches, the academy aims to build confident, safe, and skilled riders. CEO Jochen Zeitz emphasized the company's commitment to building ridership and strengthening customer connections, aligning with Harley-Davidson's goal to be the most desirable motorcycle and lifestyle brand globally.
Harley-Davidson NYSE:HOG and multi-genre singer-songwriter Jelly Roll have announced an exclusive apparel collaboration, set to launch at the Harley-Davidson Homecoming Festival in Milwaukee from July 25-28, 2024. The collection features co-branded tee shirts, sweatshirts, and hats that blend Harley-Davidson's iconic style with Jelly Roll's rebellious spirit.
Festival attendees will have first access to the collection, with additional styles becoming available on Jelly Roll's official website and tour merchandise later. Jelly Roll is scheduled to perform at the festival on Friday night, coinciding with the collection's unveiling. This collaboration aims to embody the American, free-spirited lifestyle associated with Harley-Davidson and Jelly Roll's authentic style.
Harley-Davidson (NYSE: HOG) has announced a new $1 billion share repurchase plan through 2026, replacing existing plans. This initiative follows the company's successful completion of $875 million in share repurchases since 2022. The plan will be funded using cash flow from operations and aims to return value to shareholders.
CEO Jochen Zeitz highlighted the company's focus on cost efficiency and profitable growth, noting that unit profitability has more than doubled since 2019. The company's strategy, implemented through the Rewire and Hardwire initiatives, has positioned Harley-Davidson for future success and continued shareholder returns.
Harley-Davidson (NYSE: HOG) reported Q2 2024 results, with diluted EPS of $1.63, up 34% year-over-year. The company saw consolidated revenue increase by 12% to $1.62 billion, driven by a 13% rise in HDMC revenue and 10% growth in HDFS revenue. Global motorcycle shipments increased by 16%, while retail sales declined 3% worldwide. North America motorcycle retail performance was down 1%, but U.S. Touring and CVO motorcycle sales grew over 12%.
Despite challenges, Harley-Davidson gained U.S. market share in a declining market. The company revised its full-year 2024 outlook, now expecting HDMC revenue to be down 5-9% compared to 2023. Harley-Davidson also announced a $1 billion share repurchase plan through 2026.
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