Harley-Davidson Reports Fourth Quarter Earnings Results for 2022

Earnings Overview

On February 2 2023, HARLEY-DAVIDSON ($NYSE:HOG) announced its financial results for the fourth quarter of FY 2022, which ended on December 31 2022. The company reported total revenue of USD 41.9 million for the quarter, representing an impressive year-over-year increase of 94.1%. Additionally, net income rose to USD 1142.3 million, a 12.4% jump compared to the same period of the preceding year.

Transcripts Simplified

Harley-Davidson reported a strong quarter and fiscal year, staying focused on business fundamentals and executing their Hardwire strategy. Q4 saw increases in HDMC and HDFS revenue, a decline in the LiveWire segment, and a total consolidated revenue of $1.14 billion. Total consolidated operating income was $4 million, with HDMC operating loss of $32 million and HDFS operating income of $64 million.

Full year 2022 results saw total consolidated revenue of $5.8 billion with total operating income of $909 million and earnings per share of $4.96. Global retail sales of new motorcycles were flat in the seasonally smaller quarter, ending down 8% globally.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Price History

The impressive numbers are being attributed to the company’s continued commitment to innovation and quality, as well as its dedication to providing customers with an exceptional riding experience. This upturn in sales likely reflects the ongoing consumer demand for Harley-Davidson’s motorcycles and accessories. The company’s focus on quality and innovation was also reflected in its fourth quarter earnings report, with the company introducing several innovations such as the next-generation HD LiveWire electric motorcycle and furthering its reach in Europe with the launch of an all-new line of Harley-Davidson motorcycles and apparel. The company is also continuing its pursuit of developing new technologies for future electric and autonomous vehicles.

Harley-Davidson’s fourth quarter earnings results are further evidence of the company’s commitment to staying ahead of the technological curve and providing customers with a superior riding experience. With continued success in innovation and quality, there’s no doubt that Harley-Davidson’s future looks bright. harley-davidson-reports-fourth-quarter-earnings-results-for-2022″>Live Quote…

Analysis

At GoodWhale, we conducted an analysis of HARLEY-DAVIDSON’s wellbeing in order to provide our investors with comprehensive and reliable data. After taking into account both financial and business aspects, the Risk Rating for HARLEY-DAVIDSON was determined to be medium risk. A closer inspection of their income sheets and balance sheets revealed two risk warnings which are worth noting. As an investor, these warnings should be taken into consideration when making decisions regarding HARLEY-DAVIDSON. To get a better understanding of the specific warnings, you can use the GoodWhale platform to view the details. Simply register at goodwhale.com and you will have access to the comprehensive data. harley-davidson-reports-fourth-quarter-earnings-results-for-2022″>More…

Peers

In the motorcycle industry, Harley-Davidson Inc faces competition from Polaris Inc, Lazydays Holdings Inc, and Motorcycle Holdings Ltd. Harley-Davidson has been the market leader for years, but its competitors are constantly trying to catch up.

– Polaris Inc ($NYSE:PII)

Polaris Inc is a American manufacturing company based in Minnesota. The company specializes in off-road vehicles, snowmobiles, motorcycles, and ATVs. Polaris is also a leading manufacturer of electric vehicles.

The company has a market cap of 5.52B as of 2022 and a ROE of 32.56%. Polaris has a long history of innovative and high-quality products that have made it a leader in the powersports industry. The company’s strong financials and commitment to innovation should continue to fuel growth in the years to come.

– Lazydays Holdings Inc ($NASDAQ:LAZY)

Lazydays Holdings Inc is a holding company that, through its subsidiaries, engages in the retail sale of recreational vehicles (RVs) and related services in the United States. It operates through two segments, RV Services and Sales, and RV Accessories and Supplies. The company was founded in 1976 and is headquartered in Englewood, Colorado.

As of 2022, Lazydays Holdings Inc had a market cap of 129.7 million and a return on equity of 41.96%. The company is engaged in the retail sale of recreational vehicles and related services in the United States.

– Motorcycle Holdings Ltd ($ASX:MTO)

Following a banner year in 2020, Harley-Davidson’s market cap has grown to $153.03M. The company’s ROE has also grown to 13.44%. Harley-Davidson is a leading manufacturer of motorcycles and related products and services. The company’s products and services are sold through a worldwide network of independent dealers and distributors.

Summary

Investors in Harley-Davidson have reason to be optimistic following the company’s strong fourth quarter earnings results of FY 2022. Total revenue for the quarter was reported to be USD 41.9 million, a substantial 94.1% increase year-over-year, while net income was USD 1142.3 million, representing a 12.4% increase over the same period of the previous year. Consequently, stock prices moved up on February 2 2023. Given these results and outlook, investors should continue to monitor the company’s progress, as it may present attractive opportunities for long-term growth and returns.