Loading...
•
Mar 31, 2024
Harley-Davidson Q1 2024 Earnings Report
Harley-Davidson reported a decrease in revenue and operating income due to lower motorcycle shipments and pricing, partially offset by growth in North America retail sales. The company reaffirms its full-year 2024 financial outlook.
Key Takeaways
Harley-Davidson's first quarter 2024 results showed a mixed performance. While North America retail sales increased by 6%, driven by new Touring motorcycles, overall revenue decreased by 3% due to lower motorcycle shipments. Operating income also declined by 29% due to lower HDMC and HDFS performance, and an operating loss in the LiveWire segment. The company reaffirms its full-year 2024 financial outlook.
Diluted EPS was reported at $1.72.
HDMC operating income margin was 16.2%.
North America motorcycle retail sales increased by 6%, driven by new Touring motorcycles.
HDMC revenue decreased by 5%, primarily due to planned decrease in motorcycle shipments.
Revenue by Segment
Forward Guidance
For the full year 2024, the Company reaffirms the following guidance and continues to expect: HDMC: revenue flat to down 9 percent and operating income margin of 12.6 to 13.6 percent; HDFS: operating income flat to up 5 percent; LiveWire: electric motorcycle unit sales of 1,000 to 1,500. For the full year 2024, the Company is revising its LiveWire operating loss guidance and now expects: LiveWire: improved operating loss of $105 to $115 million, from previous guidance of an operating loss of $115 to $125 million
Positive Outlook
- HDMC: revenue flat to down 9 percent
- HDMC: operating income margin of 12.6 to 13.6 percent
- HDFS: operating income flat to up 5 percent
- LiveWire: electric motorcycle unit sales of 1,000 to 1,500
- LiveWire: improved operating loss of $105 to $115 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
Loading earnings performance data...
Loading earnings reaction data...