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Mar 31, 2023
Harley-Davidson Q1 2023 Earnings Report
Harley-Davidson's Q1 2023 financial performance was marked by revenue growth and improved profitability, driven by strong performance in HDMC and strategic advancements.
Key Takeaways
Harley-Davidson reported a strong start to 2023, with consolidated revenue up 20% and diluted EPS up 41% compared to the prior year. HDMC revenue increased by 21%, driven by wholesale shipment growth and favorable pricing. The company reaffirmed its full-year 2023 outlook.
Diluted EPS increased by 41% year-over-year, reaching $2.04.
HDMC revenue grew by 21% compared to the prior year, fueled by wholesale shipment growth, favorable unit mix, and global pricing.
HDMC operating income margin improved to 21.6%, a 4.6 percentage point increase from the previous year.
Global motorcycle shipments increased by 14% in advance of the key riding season.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the full year 2023, the Company reaffirms its initial guidance and continues to expect:
Positive Outlook
- HDMC: revenue growth of 4 to 7%
- HDMC: operating income margin of 14.1 to 14.6%
- HDFS: operating income decline of 20 to 25%
- LiveWire: motorcycle unit sales of 750–2,000
- Harley-Davidson, Inc.: capital investments of $225 to $250 million
Challenges Ahead
- LiveWire: operating loss of $115 to $125 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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