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Dec 31, 2022
Harley-Davidson Q4 2022 Earnings Report
Harley-Davidson delivered strong fourth-quarter financial results, successfully completing the second year of the Hardwire Strategic Plan.
Key Takeaways
Harley-Davidson reported a strong finish to the year, with solid execution of its strategic pillars. The company delivered diluted EPS of $0.28, up 100 percent versus prior year. HDMC global motorcycle shipments grew by 18 percent vs prior year, and HDMC revenue grew by 14 percent behind unit growth and global pricing.
Delivered diluted EPS of $0.28 – up 100 percent versus prior year
Grew HDMC global motorcycle shipments by 18 percent vs prior year as production levels rebounded from the Q2 production shutdown
Achieved HDMC revenue growth of 14 percent behind unit growth and global pricing
HDFS Operating Income declined 32 percent due primarily to expected loss rate normalization
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the full year 2023, the Company expects: HDMC: revenue growth of 4 to 7% and operating income margin of 14.1 to 14.6%. HDFS: operating income decline of 20 to 25%. LiveWire: motorcycle wholesale units 750-2,000 and operating income loss of $115 to $125 million. Harley-Davidson, Inc: capital investments of $225 to $250 million
Positive Outlook
- HDMC revenue growth of 4 to 7%
- HDMC operating income margin of 14.1 to 14.6%
Challenges Ahead
- HDFS operating income decline of 20 to 25%
- LiveWire operating income loss of $115 to $125 million
- LiveWire motorcycle wholesale units 750-2,000
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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