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. (HOG) remains an iconic force in motorcycle manufacturing, blending American heritage with modern innovation. This news hub provides investors and enthusiasts with direct access to official corporate communications and market-moving developments.
Comprehensive updates include quarterly earnings reports, new model launches, strategic partnerships, and regulatory filings. Track the company's evolution across its core motorcycle business, electric vehicle initiatives, and global market expansion efforts.
Discover timely updates on Harley-Davidson's financial services division, dealer network developments, and sustainability initiatives. Our curated news feed serves as your primary source for understanding HOG's position in the evolving recreational vehicle market.
Bookmark this page for unfiltered access to Harley-Davidson's latest operational milestones and financial disclosures. Stay informed about the company's unique balance of tradition and innovation through verified updates from corporate sources.
Harley-Davidson reported a strong start to 2023 with Q1 revenue of $1.79 billion, marking a 20% increase year-over-year. The company achieved a diluted EPS of $2.04, up 41%. Harley-Davidson Motor Company (HDMC) revenue was $1.56 billion, a 21% rise, driven by increased wholesale shipments and favorable pricing. Operating income margin improved to 21.6%, a 4.6-point increase. However, Harley-Davidson Financial Services (HDFS) faced a 32% decline in operating income due to higher interest expenses. The company has reaffirmed its full-year outlook, forecasting HDMC revenue growth of 4-7% and HDFS operating income to decline between 20-25%.
Harley-Davidson (NYSE: HOG) has announced the upcoming debut of two new 2023 Custom Vehicle Operations (CVO) motorcycles, the CVO Street Glide and CVO Road Glide, set to premiere on June 7, 2023, during the Harley-Davidson Homecoming and 120th Anniversary events. These limited-production models feature significant visual and technological upgrades while preserving the heritage of the brand. Key enhancements include the new Milwaukee-Eight VVT 121 engine, an all-new infotainment system, and revamped suspension. According to Jochen Zeitz, Chairman and CEO, these models redefine the CVO category and elevate the Grand American Touring experience. The designs promise dramatic aesthetics with integrated lighting and modern silhouettes, showcasing Harley's commitment to innovation.
On April 20, 2023, Harley-Davidson (HOG) announced a significant commitment to community enhancement through the Harley-Davidson Foundation's $350,000 investment. This funding includes $250,000 for improvements and $100,000 for maintenance of Highland Park in Milwaukee, which will be renamed Harley Park. Additionally, the company has broken ground on the Davidson Park project at its Juneau Avenue headquarters, aiming to develop a communal green space by 2024. Company's Chairman and CEO, Jochen Zeitz, emphasized Harley-Davidson's longstanding ties to Milwaukee and its commitment to investing over $30 million in community projects since 2020. Both parks will collectively be known as Harley-Davidson Parks.
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