Harley Davidson Stock Price, News & Analysis

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.

Harley-Davidson (NYSE: HOG) has announced a three-year sponsorship of BUILD Moto, starting with the 2025 season. BUILD Moto is a program that pairs high school students with mentors to build motorcycles in a year-long competition. The sponsorship includes donated motorcycles, parts, and accessories, as well as access to manufacturing experts and operational support.

The program focuses on teaching students technical skills such as design, welding, fabrication, and machining, while also emphasizing teamwork and interpersonal skills. Teams are judged on design, execution, and milestone completion, culminating in a bike reveal and awards event. The 2024 season builders have been invited to showcase their motorcycles at the Harley-Davidson Homecoming Festival on July 25, 2024.

Harley-Davidson (NYSE: HOG) will announce its second quarter 2024 financial results on July 25, 2024, before market hours.

A webcast conference call, featuring senior management discussing financial outcomes, business updates, and future outlook, is scheduled from 8-9 a.m. CDT.

A supporting slide presentation will be available online prior to the webcast.

The public can register for the webcast and access the slides through Harley-Davidson's investor relations website. A replay of the webcast will be accessible approximately two hours after the live call concludes.

Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services.