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Compared to Estimates, Harley-Davidson (HOG) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-25 15:31
Harley-Davidson (HOG) reported $1.48 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.9%. EPS of $1.72 for the same period compares to $2.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +4.54%. The company delivered an EPS surprise of +16.22%, with the consensus EPS estimate being $1.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
Harley-Davidson (HOG) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-25 13:11
Harley-Davidson (HOG) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.22%. A quarter ago, it was expected that this motorcycle maker would post earnings of $0.04 per share when it actually produced earnings of $0.18, delivering a surprise of 350%.Over the last four quarters, the co ...
Harley-Davidson(HOG) - 2024 Q1 - Earnings Call Presentation
2024-04-25 13:04
Q1 2024 Results Thursday, April 25, 2024 Q1 2024 RESULTS – EARNINGS CALL Call Participants ▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations ...
Harley-Davidson(HOG) - 2024 Q1 - Quarterly Results
2024-04-25 10:50
Financial Performance - Consolidated revenue for Q1 2024 was $1,730 million, down 3% from $1,789 million in Q1 2023[4] - Operating income decreased by 29% to $263 million, compared to $370 million in the prior year[5] - Net income attributable to Harley-Davidson was $235 million, a decline of 23% from $304 million in Q1 2023[4] - Diluted EPS for Q1 2024 was $1.72, down 16% from $2.04 in the same quarter last year[4] - HDMC revenue for Q1 2024 was $1,476,106, a decrease of 5.2% from $1,557,829 in Q1 2023[25] - Gross profit for Q1 2024 was $461,070, down 17.2% from $557,026 in Q1 2023[25] - Operating income from HDMC decreased to $238,445 in Q1 2024, compared to $335,736 in Q1 2023, reflecting a decline of 29%[25] - Net income attributable to Harley-Davidson, Inc. for Q1 2024 was $234,941, down 22.6% from $304,090 in Q1 2023[25] - LiveWire revenue decreased to $4,704 in Q1 2024 from $7,762 in Q1 2023, resulting in an operating loss of $29,241[25] - HDFS revenue increased to $248,797 in Q1 2024 from $223,095 in Q1 2023, with operating income of $53,875[25] - The provision for credit losses in HDFS for Q1 2024 was $61,010, compared to $52,364 in Q1 2023[37] - Cash and cash equivalents at the end of Q1 2024 were $1,464,614, down from $1,561,200 at the end of Q1 2023[29] - The company reported a cash dividend of $0.1725 per share in Q1 2024, an increase from $0.1650 in Q1 2023[25] Sales Performance - North America motorcycle retail sales increased by 6%, driven by new Touring motorcycles introduced at the end of January[6] - Global motorcycle shipments decreased by 7% to 57.7 thousand units, with revenue down 5% to $1,476 million[7] - HDMC U.S. motorcycle shipments were 41,577 in Q1 2024, a slight decrease from 42,588 in Q1 2023[33] - Total worldwide retail sales for Q1 2024 were $39.405 billion, a slight decrease of 0.05% compared to $39.425 billion in Q1 2023[39] - North America retail sales increased to $27.486 billion in Q1 2024, up 5.63% from $26.021 billion in Q1 2023[39] - EMEA retail sales decreased to $5.264 billion in Q1 2024, down 11.03% from $5.917 billion in Q1 2023[39] - Asia Pacific retail sales fell to $6.034 billion in Q1 2024, a decline of 12.31% compared to $6.881 billion in Q1 2023[39] - Latin America retail sales increased slightly to $621 million in Q1 2024, up 2.48% from $606 million in Q1 2023[39] LiveWire Performance - LiveWire electric motorcycle unit sales increased by 86% to 117 units, despite a 39% decline in revenue to $5 million[12] - For the full year 2024, the company revised its LiveWire operating loss guidance to an improved range of $105 to $115 million[14]
Harley-Davidson Reaches Agreement To Ratify Contract With All Unions At Its Wisconsin Operations
Prnewswire· 2024-04-08 19:55
MILWAUKEE, April 8, 2024 /PRNewswire/ -- Harley-Davidson is pleased to announce that the Company has ratified new collective bargaining agreements with the three Unions representing employees at the Company's Wisconsin manufacturing facilities, namely the United Steelworkers Local 2-209 and the International Association of Machinists and Aerospace Workers Lodge 78 representing workers at the Menomonee Falls, WI facility, and the United Steelworkers Local 460 representing workers at the Tomahawk, WI facility ...
Harley-Davidson(HOG) - 2023 Q4 - Annual Report
2024-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9183 Harley-Davidson, Inc. (Exact name of registrant as specified in its charter) Wisconsin 39-1382325 (State of organization) (I.R.S. Employer Ide ...
Harley-Davidson, Inc. Declares Dividend
Prnewswire· 2024-02-16 21:30
MILWAUKEE, Feb. 16, 2024 /PRNewswire/ -- The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors has approved a cash dividend of $0.1725 per share for the first quarter of 2024. The dividend is payable March 20, 2024 to the shareholders of record of the Company's common stock as of March 4, 2024. Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. ### (HOG-DIVIDEND) SOURCE Harley-Davidson, Inc. ...
Harley-Davidson (HOG) Q4 Earnings Beat Estimates, Fall Y/Y
Zacks Investment Research· 2024-02-12 17:15
Harley-Davidson, Inc. (HOG) reported fourth-quarter 2023 adjusted earnings of 18 cents per share, which beat the Zacks Consensus Estimate of 4 cents but fell 35.7% year over year. The motorcycle manufacturer generated consolidated revenues (including motorcycle sales and financial services revenues) of $1.05 billion, down 8% from the prior-year quarter.Segmental HighlightsHarley-Davidson Motor Company: Total revenues from the Motorcycle and Related Products segment, constituting the bulk of the firm’s overa ...
Harley-Davidson(HOG) - 2023 Q4 - Earnings Call Transcript
2024-02-08 17:20
Harley-Davidson, Inc. (NYSE:HOG) Q4 2023 Earnings Conference Call February 8, 2024 9:00 AM ET Company Participants Shawn Collins - Director, Investor Relations Jochen Zeitz - Chief Executive Officer Karim Donnez - LiveWire Chief Executive Officer Jonathan Root - Chief Financial Officer Edel O’Sullivan - Chief Commercial Officer Conference Call Participants Craig Kennison - Baird Alex Perry - Bank of America Fred Wightman - Wolfe Research Joe Altobello - Raymond James James Hardiman - Citi Tristan Thomas Mar ...
Harley-Davidson (HOG) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-08 17:00
Harley-Davidson (HOG) reported $807.01 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.2%. EPS of $0.18 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of -13.24% over the Zacks Consensus Estimate of $930.18 million. With the consensus EPS estimate being $0.04, the EPS surprise was +350.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...