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) is a global leader in manufacturing heavyweight motorcycles and offers customized, cruiser, and touring motorcycles along with a complete line of parts, accessories, riding gear, and apparel. Founded in 1903, the company has consistently fulfilled dreams of personal freedom, allowing people to express and liberate themselves through their unique and emotionally resonant products.
Harley-Davidson operates through three primary segments: Harley-Davidson Motor Company (HDMC), Harley-Davidson Financial Services (HDFS), and LiveWire Group, Inc., the first publicly traded all-electric motorcycle company in the United States. HDMC focuses on producing and selling motorcycles, parts, accessories, and apparel, while HDFS provides financing, insurance, and wholesale services to dealers and customers.
Despite facing challenges in recent years, Harley-Davidson has implemented its 'Hardwire' strategy to drive profitability and growth. In 2023, the company reported a 6% decline in consolidated revenue in Q3, with a significant drop in operating income. Nevertheless, Harley-Davidson successfully launched its pinnacle CVO motorcycles, achieving a 25% increase in CVO retail sales.
The company has also expanded into the adventure touring market with the Pan America model and electric motorcycles through the LiveWire brand. Notably, in Q1 2024, Harley-Davidson saw a 6% increase in North America retail sales, driven by the new Touring motorcycles. However, global shipments decreased by 7% due to lower wholesale volumes and pricing challenges.
Harley-Davidson remains committed to innovation with its recent launch of the 2024 Street Glide and Road Glide models, featuring advanced technology and the powerful Milwaukee-Eight 117 engine. The company also introduced the CVO™ Pan America®, marking its first foray into the adventure touring segment.
The company actively engages with its community through events like the annual Harley-Davidson Homecoming™ Festival and maintains strong labor relations, recently ratifying new collective bargaining agreements with unions in Wisconsin.
Harley-Davidson's mission extends beyond building motorcycles; it stands for the timeless pursuit of adventure and freedom for the soul. With its diverse product range, strong community engagement, and commitment to innovation, Harley-Davidson continues to define motorcycle culture worldwide.
Harley-Davidson, Inc. (NYSE: HOG) will announce its financial results for the fourth quarter and year-end 2022 on February 2, 2023, before market hours. A live audio webcast is scheduled from 8-9 a.m. CDT, where senior management will discuss financial results and business developments, with a supporting presentation available 30 minutes prior. Participants should log on at least 10 minutes early. A replay will be accessible approximately two hours after the call. For more details, visit Harley-Davidson's investor page.
Harley-Davidson (NYSE:HOG) is partnering with the Harley-Davidson Foundation and acclaimed designer Thomas Heatherwick to transform its Juneau Avenue campus into a public park for employees and the Milwaukee community. The project, marking Harley-Davidson's 120th anniversary, aims to create a green gathering space named 'The Hub', featuring tiered seating and native plant species. Groundbreaking is set for spring 2023, with the park expected to open by summer 2024. The initiative reflects the company's commitment to Milwaukee, enhancing its community presence and fostering revitalization.
Harley-Davidson, Inc. (NYSE: HOG) has announced a cash dividend of $0.1575 per share for Q4 2022. This dividend is set to be paid on December 23, 2022, to shareholders of record as of December 9, 2022. The declaration reflects the company’s commitment to returning value to its shareholders, reinforcing confidence in its financial stability. Harley-Davidson, Inc. oversees both Harley-Davidson Motor Company and Harley-Davidson Financial Services.
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.
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