Aftermarket Moto Design 284 March 2023 AMD 284 March 2023 | Page 10

Harley-Davidson sales revenue and production data … 4th quarter 2022
Sources : AMD , IDN , FT , Reuters , PSB , MPN , BDN , MCN , AP , Bloomberg , MSNW , Electrek , electricmotorcycles . news , RideApart . com , Motor1 . com , Cycle World , motorbikewriter . com

NEWS

BRIEFS

In December , Curtiss Motorcycles announced that it was offering what it described as " a rare collection of electric prototypes " to investors participating in its direct-toinvestor stock-selling campaign . Inspired by the work of original founder and pioneer Glenn H . Curtiss , the prototypes are said to span the key foundational years of the Curtiss team ' s light electric vehicle architectural research and development program , beginning with the 2018 Zeus Concept prototype , the winner of that year ' s " Most Innovative Motorcycle " award at The Quail Motorcycle Gathering . Other prototypes being made available include one-of-a-kind Alpha and Beta validation examples of ' The 1 ' by Curtiss , the company ' s debut model , as well as the very first pre-production unit that currently resides in L . A .' s Petersen Automotive Museum .
Fort Worth , Texas based Tucker Powersports has announced that the company ’ s ownership group has provided additional funding for the company . " In the past 24 months , Tucker has become a leader in electric mobility recreation in the powersports industry and has added several exclusive distribution agreements with companies focused on products for the industry ’ s evolving customer base . The funding will support Tucker ’ s current operations and projects , driving longterm growth for the company ."
Honda ' s plans to involve itself in the space exploration industry have started to take shape with a research and development contract with the Japan Aerospace Exploration Agency ( JAXA ) for a " circulative renewable energy system " that is designed to supply electricity to maintain the functionality of the living space and various systems on lunar rovers . Based on this contract , Honda will be commissioned by JAXA to first conduct concept studies , then to develop an " early-stage prototype " by the end of the Japanese 2023 fiscal year ( March 31 , 2024 ).
Husqvarna Motorcycles ' partnership with Boise , Idaho clutch specialist Rekluse is set to continue through the 2023 racing season .

Harley Completes Second Year of Hardwire Strategic Plan with " Strong Q4 "

Harley-Davidson says it shipped 34,000 units in Q4 , + 18 % on the yearago period , and 193,500 units in FY2022 , + 3 % on the 2022 full year . In motorcycle retail terms , Harley says North America was down by -12 % for 2022 at 117,100 units , -1 % in EMEA at 30,500 units and + 12 % in Asia Pacific at 27,900 units - Japan was Harley ' s ' Star Market ' in terms of international sales in 2022 . Electric motorcycle shipments were up by 30 % for the full year at 597 units from 461 in 2021 , but following the LiveWire flotation , and contrary to over trend of Harley unit sales , only 69 units were sold in the final quarter of 2022 ( -63 % from 186 units in Q4 / 2021 ). Harley shares leapt to $ 51.33 at the end of the week of release , from $ 44.77 at the start of that week . Counterintuitively , LiveWire shares are staging somewhat of a comeback , having been launched at $ 8.25 on September 27 , sos3 , and briefly flirting with the dizzy heights of $ 9.63 before dropping as low as $ 4.20 by the end of December . They had been rallying through January and closed at $ 6.70 following release of the results . Harley ' s full-year bullet-point highlights cite a diluted EPS of $ 4.96 , up 18 % versus the prior year . It says it grew the combined revenue of HDMC and LiveWire by 9 % behind higher wholesale shipments and improved global pricing realization , achieving 12 % combined operating margin for HDMC and LiveWire - an increase of three points versus prior year " as pricing and productivity offset cost inflation ." HDFS operating income finished down 23 % and in-line with expectations as loss rates normalized throughout the year , and Harley says it completed the aforesaid carve-out and stand-up of LiveWire as a separate public company . For the full year 2023 , Harley says it 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 [ bearing in mind that the forecast was to be doing 100,000 units in 2025 ) and operating income loss of $ 115 to $ 125m . Harley expects 2023 capital investments of $ 225 to $ 250m . LiveWire became a separate public company trading on the New York Stock Exchange ( Ticker : LVWR ) on September 27 , 2022 . Following the results , Harley-Davidson had an equity interest in LiveWire Group of approximately 89.4 % [ as opposed to a stated expectation of 70 %].

Harley-Davidson sales revenue and production data … 4th quarter 2022

Income statements in THREE MONTHS ENDED TWELVE MONTHS ENDED $ 1,000s ( except share ) 2022 Q4 2021 Q4 2022 Q4 2021 Q4
Net sales revenue
$ 918,683
$ 803,142
$ 4,887,672
$ 4,504,434
Gross profit
$ 243,810
$ 158,449
$ 1,527,873
$ 1,299,527
Total operating income
$ 3,713
$( 7,307 )
$ 909,278
$ 823,439
Net income
$ 39,677
$ 21,567
$ 739,214
$ 650,024
Diluted earnings per common share
$ 0.28
$ 0.14
$ 4.96
$ 4.19
NET SALES REVENUE
H-D Motorcycles
$ 666,387
$ 542,377
$ 3,787,484
$ 3,468,689
Parts & Accessories
$ 151,350
$ 164,433
$ 731,645
$ 740,893
General Merchandise
$ 72,547
$ 72,720
$ 271,107
$ 228,011
Other
$ 17,916
$ 8,687
$ 58,013
$ 29,051
PRODUCT MIX
2022 Q4
2021 Q4
2022 Q4
2021 Q4
Grand American Touring
14,558
14,476
89,849
93,961
Cruiser
11,685
7,191
59,010
59,033
Adventure Touring
2,031
1,361
10,774
9,916
Sportster / Street
5,709
5,861
33,894
25,123
Total
33,983
28,889
193,527
188,033
RETAIL SALES OF H-D MOTORCYCLES :
2022 Q4
2021 Q4
2022 Q4
2021 Q4
United States
18,367
18,761
109,190
125,713
Canada
816
733
7,924
8,005
EMEA Region
6,562
6,466
30,510
30,907
Asia Pacific Region
7,532
6,794
27,905
25,020
Latin America Region
557
1,032
2,922
3,652
Total
33,834
33,786
178,451
193,297
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