Harley-Davidson, Inc. (NYSE:HOG) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET

Company Participants

Shawn Collins - Director Investor Relations

Jochen Zeitz - Chairman, President and CEO

Ryan Morrissey - President, LiveWire

Gina Goetter - Chief Financial Officer

Edel O’Sullivan - Chief Commercial Officer

David Viney - Interim Chief Financial Officer

Conference Call Participants

Robert Ohmes - Bank of America

Craig Kennison - Baird

Joseph Altobello - Raymond James

James Hardiman - Citigroup

Gerrick Johnson - BMO Capital Markets

Noah Zatzkin - KeyBanc Capital Markets

David MacGregor - Longbow Research

Brandon Rolle - D.A. Davidson

Operator

Thank you for standing by, and welcome to the Harley-Davidson 2023 First Quarter Investor and Analyst Conference Call. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Shawn Collins. Thank you. Please go ahead.

Shawn Collins

Thank you. Good morning. This is Shawn Collins, the Director of Investor Relations at Harley-Davidson. You can access the slides supporting today's call on the Internet at the Harley-Davidson Investor Relations website.

As you might expect, our comments will include forward-looking statements that are subject to business risks, that could cause actual results to be materially different. Those risks include, among others, matters we have noted in our latest filings with the SEC.

With that, joining me this morning for the first part of the call are Harley-Davidson Chief Executive Officer, Jochen Zeitz; also Chief Financial Officer, Gina Goetter; and we also have LiveWire President, Ryan Morrissey. In addition, for the Q&A portion of today's call, we will have Harley-Davidson Chief Commercial Officer, Edel O’Sullivan; and we will also have Harley-Davidson's soon to be Interim Chief Financial Officer, David Viney.

With that, let me turn it over to our CEO, Jochen Zeitz. Jochen?

Jochen Zeitz

Thank you, Shawn, and good morning, everyone. Thank you for joining us today for our Q1 2023 results. Harley-Davidson delivered a solid start to '23, the third year of our Hardwire strategic plan with consolidated first quarter revenue up 20% to $1.789 billion, driven by HDMC. We're pleased with our start to the year and with the execution of our strategic plan through the quarter. In this, our 120th anniversary year, we anticipate momentum to build over the year.

However, we maintain a measured outlook on the wider economic picture. Harley-Davidson continues on its transformational journey. As we've said before, through the foundational work of the Rewire and the execution of the Hardwire, we've changed our overall approach and focus as a business on prioritizing unit growth at all costs to more holistic view on profitable growth.