LiveWire Group, Inc. (LVWR) Q1 2025 Earnings Call Transcript

LiveWire Group, Inc. (NYSE:LVWR) Q1 2025 Earnings Conference Call May 1, 2025 9:00 AM ET

Company Participants

Shawn Collins – Director, Investor Relations, Harley-Davidson
Jochen Zeitz – Chief Executive Officer, Harley-Davidson
Jonathan Root – Chief Financial Officer and President of Commercial, Harley-Davidson
Karim Donnez – Chief Executive Officer, LiveWire

Conference Call Participants

Craig Kennison – Baird
Joseph Altobello – Raymond James
James Hardiman – Citi
Robin Farley – UBS
Alex Perry – Bank of America
Noah Zatzkin – KeyBanc Capital Markets
David MacGregor – Longbow Research
Tristan Thomas-Martin – BMO Capital Markets

Operator

Thank you for standing by, and welcome to the Harley-Davidson 2025 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 today will include forward-looking statements that are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters we have noted in today’s earnings release and in our latest filings with the SEC.

Joining me for this morning’s call are Harley-Davidson Chief Executive Officer, Jochen Zeitz; also Chief Financial Officer and President of Commercial, Jonathan Root. And we have LiveWire’s Chief Executive Officer, Karim Donnez, available for questions.

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

Jochen Zeitz

Thank you, Shawn. Good morning, everyone, and thank you for joining today’s call. HDI operating income margin for the quarter came in at 12.1%. Our bottom line performance was better than expected, driven by strong product mix, tight