LiveWire Group, Inc. (LVWR) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.279 You can access the slides supporting today's call on the internet 00:00:05.279 -- 00:00:08.684 at the Harley-Davidson Investor Relations website. 00:00:08.684 -- 00:00:13.611 As you might expect, our comments will include forward-looking statements that are subject 00:00:13.611 -- 00:00:18.558 to risks that could cause actual results to be materially different. 00:00:18.558 -- 00:00:23.626 Those risks include, among others, matters we have noted in today's earnings 00:00:23.626 -- 00:00:27.942 release and in our latest filings with the SEC. 00:00:27.942 -- 00:00:31.927 Joining me for this morning's call are Harley-Davidson 00:00:31.927 -- 00:00:35.212 Chief Executive Officer Jochen Zeitz, 00:00:35.212 -- 00:00:40.159 also Chief Financial Officer Jonathan Root, 00:00:40.159 -- 00:00:46.447 and we have Livewire's Chief Executive Officer Karim Denez. 00:00:46.447 -- 00:00:50.313 With that, let me turn it over to our CEO, Jochen Zeitz. 00:00:50.313 -- 00:00:52.313 Jochen? 00:00:52.456 -- 00:00:57.490 Thank you, Sean. Good morning, everyone, and thank you for joining today's call. 00:00:57.490 -- 00:01:02.235 In the fourth year of our hardwired strategy, we saw our performance being significantly 00:01:02.235 -- 00:01:07.320 impacted by continued cyclical headwinds for discretionary products, including the 00:01:07.320 -- 00:01:12.025 high interest rate and environment affecting consumer confidence and creating affordability 00:01:12.025 -- 00:01:14.705 issues for our customers. 00:01:15.028 -- 00:01:19.813 While we were unable to achieve our original guidance for 24, given the overall environment, 00:01:19.813 -- 00:01:24.811 we continued to make progress in the execution of the key elements of our strategic plan, 00:01:24.811 -- 00:01...