Harley-Davidson, Inc. reported its first quarter 2023 results.
“Harley-Davidson delivered a solid start to the year, with consolidated first quarter revenue up 20%, driven by HDMC, reflecting the progress we continue to make in advancing our Hardwire strategic plan,” said Jochen Zeitz, Chairman, CEO and President, Harley-Davidson. “Building on our commitment to innovate in our core categories, yesterday’s kick-off of a new era of CVO touring bikes, with the all new 2023 CVO Street Glide® and CVO Road Glide®, is a landmark for the Company and our customers.”
First Quarter 2023 Highlights and Results
- Delivered diluted EPS of $2.04, up 41 percent versus prior year
- HDMC Revenue was up 21 percent versus prior year behind wholesale shipment growth, favorable unit mix and global pricing realization
- Achieved HDMC Operating Income margin of 21.6%, an increase of 4.6 points versus prior year, as pricing, unit mix and cost productivity more than offset inflation
- HDFS operating income finished down 32 percent on higher interest expense and higher credit losses
- Repurchased $84 million of shares (2.0 million shares) on a discretionary basis
- Company reaffirms its full-year 2023 outlook
To view the complete report, visit https://investor.harley-davidson.com/news/news-details/2023/Harley-Davidson-Delivers-First-Quarter-Financial-Results/default.aspx
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