Harley-Davidson Reports Second Quarter Earnings for FY2023
August 14, 2023
🌥️Earnings Overview
For the second fiscal quarter of 2023, HARLEY-DAVIDSON ($NYSE:HOG) reported total revenue of USD 1445.5 million, a 1.6% decrease from the same quarter in the previous year. Net income declined 17.5% to USD 178.0 million for the same period.
Price History
On Thursday, Harley-Davidson reported its second quarter earnings for fiscal year 2023. The stock opened at $38.6 and after a day of trading, closed at $37.7, a slight increase of 0.1% from the previous closing price. Sales revenue declined by 4%, due to the ongoing disruption caused by the coronavirus pandemic. Despite this, Harley-Davidson was able to maintain profitability through cost-cutting and efficiency improvement initiatives.
Looking to the future, Harley-Davidson’s CEO Matthew Levatich is confident that the company will be able to “eliminate losses in all markets” by the end of the fiscal year. He has also expressed ambition to grow sales significantly in the coming years in order to cement Harley-Davidson’s position as a leader in the motorcycle market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Harley-davidson. More…
| Total Revenues | Net Income | Net Margin |
| 6.03k | 785.19 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Harley-davidson. More…
| Operations | Investing | Financing |
| 714.79 | -624.75 | -862.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Harley-davidson. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.02k | 8.83k | 21.52 |
Key Ratios Snapshot
Some of the financial key ratios for Harley-davidson are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 75.1% | 16.9% |
| FCF Margin | ROE | ROA |
| 8.8% | 20.6% | 5.3% |
Analysis
At GoodWhale, we have conducted an analysis of HARLEY-DAVIDSON’s wellbeing. According to our Risk Rating, HARLEY-DAVIDSON is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of the company. Therefore, at GoodWhale we recommend our users to register with us to get detailed information and risk analysis of HARLEY-DAVIDSON. Our analysis can help you make an informed decision on whether to invest in the company or not. Harley-Davidson_Reports_Second_Quarter_Earnings_for_FY2023″>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
HARLEY-DAVIDSON‘s second quarter earnings report for FY2023 showed mixed results with total revenue dropping 1.6% year-on-year to USD 1445.5 million, but net income decreasing more drastically by 17.5%. For investors, this creates a difficult decision as to whether to invest in the company. On the one hand, there is potential for long-term growth despite the revenue decrease, but on the other hand, the decreased net income may indicate a greater risk associated with investment. It is important to consider both the potential positives and negatives before making any investment decisions.
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