Harley Davidson Stock Price, News & Analysis

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.

Harley-Davidson (NYSE:HOG) has appointed Tralisa Maraj as Chief Financial Officer of LiveWire, effective June 22, 2022. Maraj brings substantial experience in finance and corporate governance, previously serving at CGX Energy and Remora Energy Management. The company highlights that her appointment comes at a pivotal time as LiveWire aims to become the first publicly traded electric vehicle (EV) company in the U.S. LiveWire intends to leverage Harley-Davidson's expertise in engineering and manufacturing while focusing on innovative EV development.

On May 19, 2022, Harley-Davidson (NYSE:HOG) announced a temporary suspension of all vehicle assembly and shipments, excluding LiveWire, for two weeks. This precautionary measure was taken due to a regulatory compliance issue with a third-party supplier's component part, communicated to Harley-Davidson on May 17. The company emphasizes this decision is based on safety and compliance concerns, although details regarding the potential impact on production or finances have not been disclosed.

Harley-Davidson, Inc. (NYSE: HOG) announced a cash dividend of $0.1575 per share for Q2 2022. The dividend is payable on June 17, 2022, to shareholders recorded as of June 2, 2022. This decision reflects the company’s ongoing commitment to returning value to its shareholders.

On May 10, 2022, Harley-Davidson hosted its 2022 Investor Day, reaffirming its strategic plan, The Hardwire. CEO Jochen Zeitz emphasized growth despite macro challenges. The company expects HDMC revenue growth of 5-10% and an operating margin of 11-12% for 2022. The Hardwire Stage II targets include a 5-7% CAGR in HDMC revenue from 2021-2025 and a combined revenue CAGR of 9-11% for HDMC and LiveWire. However, HDFS operating income is projected to decline by 20-25%. Investors are urged to view forward-looking statements as goals rather than guarantees.

Harley-Davidson reported a 5% revenue increase to $1.495 billion in Q1 2022, driven by a 6% growth in HDMC revenue and pricing strategies. However, operating income fell 16% to $289 million, impacted by supply chain issues and semiconductor shortages, with diluted EPS declining 14% to $1.45. Retail motorcycle sales rose 2%, primarily in EMEA and Asia Pacific, yet North American sales decreased by 5%. The company reaffirms its 2022 outlook, expecting 5-10% revenue growth and a decline in HDFS operating income by 20-25%. The merger with AEA-Bridges Impact Corp. for LiveWire is set to close mid-2022.

On April 18, 2022, Harley-Davidson announced the addition of Kjell Gruner and William Cornog to the Board of Directors for LiveWire Group, Inc., following its merger with AEA-Bridges Impact Corp. Jochen Zeitz, the CEO of Harley-Davidson, expressed optimism for LiveWire as it prepares to be the first publicly traded electric motorcycle company in the U.S. Gruner, with extensive automotive experience, and Cornog, known for operations and sustainability, are expected to enhance LiveWire's strategic direction.