Holley

Holley, Inc. manufactures and designs automotive aftermarket products. It offers a diverse range of performance automotive products such as fuel injection systems, tuners, exhaust products, carburetors, and safety equipment. The company was founded in 1903 and is headquartered in Bowling Green, KY.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Holley addresses challenges, focuses on growth and cost-saving strategies

Holley faces challenges from weaker sales, supply chain disruptions, and financial losses in Q4 2022. Despite these hurdles, the company's strategic focus on growth, cost-saving initiatives, and addressing operational issues positions it for recovery. Opportunities in DTC sales, innovation, and margin improvement offer potential for future success.

Holley reports strong Q1 results, tackles chip shortage challenges

Holley's Q1 call highlighted solid performance, strategic advancements, and challenges in the supply chain. The company remains focused on restoring profitability, optimizing working capital, and driving growth through product innovation and cost efficiencies.

Holley reports robust Q2 earnings, eyes growth through strategic initiatives

Holley delivered strong financial performance, raised guidance, and emphasized strategic priorities for growth. The company remains focused on organic growth, gross margins, and EBITDA margins while exploring new opportunities for expansion.

Holley reports robust Q3 performance, eyes growth amid sales challenges

Holley's Q3 performance reflects strong operational improvements, new product launches, and enhanced customer engagement strategies, positioning the company for continued growth.
Despite facing challenges in sales alignment and cash management, Holley's focus on market leadership, organic growth, and debt reduction underscores a resilient business strategy.
With revised sales outlook and strategic initiatives in place, Holley is well-positioned to capitalize on growth opportunities, optimize margins, and drive value creation for stakeholders.

Holley reports robust Q4 earnings, eyes growth in diverse segments

Holley's strong Q4 performance and strategic focus on growth drivers position the company well for future success.
Addressing challenges in Q1 2024 and capitalizing on opportunities for margin improvement and segment growth are key priorities.
Guidance for 2024 underscores a commitment to operational efficiency, leverage reduction, and sustainable growth strategies.
Analyst inquiries highlight areas for refinement, signaling a proactive approach to enhancing performance and market positioning.

Holley maintains margins and reduces debt amidst sales decline in Q1

Holley's Q1 performance reflects financial resilience, operational efficiency, and strategic growth initiatives. The company's focus on margin maintenance, debt reduction, and leadership enhancement positions it for sustainable growth. Addressing challenges in sales growth, order fulfillment, and cash flow conversion while seizing market opportunities will be key to future success.

Holley reports Q2 2024 results, focuses on operational efficiency and growth

Holley's Q2 2024 showcased operational improvements and financial strength despite a dip in net sales. The company's focus on profitability, cash flow generation, and debt reduction underpins its resilience and growth prospects.

Holley reports resilient Q3 performance amidst market challenges and opportunities

Holley's Q3 2024 earnings call highlighted progress in transformation efforts, despite facing market challenges. With a focus on market share gains, operational efficiency, and cost savings, the company aims to navigate challenges and capitalize on growth opportunities.

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Holley, Inc. engages in the manufacture and design of automotive aftermarket products. It offers a diverse range of performance automotive products such as fuel injection systems, tuners, exhaust products, carburetors, and safety equipment. The company was founded in 1903 and is headquartered in Bowling Green, KY.

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced its return to the Performance Racing Industry (PRI) 2024 tradeshow, where it will showcase cutting-edge products from its iconic safety and racing brands, including Stilo, Simpson, HANS, RaceQuip, Holley EFI and MSD. “From pavement to dirt, we're engaging a passionate base of enthusiasts with world-class solutions that bring performance, safety,.

Holley Performance Brands to Showcase Safety and Racing Innovations at PRI 2024

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY) a leader in automotive aftermarket performance solutions, today announced the successful amendment of its senior secured revolving credit facility, effective December 4, 2024. This amendment was driven by operational improvements and recent credit upgrades. The amendment includes a springing covenant of 5.0x total net leverage that is only tested when the revolver is drawn and extends the maturity date to November 18, 2.

Holley Performance Brands' Enhanced Operational Performance and Recent Credit Upgrades Have Enabled an Amendment to the Revolving Credit Facility, Creating a Covenant-Lite Capital Structure

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced that senior management will participate in the following investor conferences: Raymond James TMT & Consumer Conference December 11, 2024 Company Presentation at 8:40–9:10 AM EST / 7:40–8:10 AM CST New York, NY Truist Securities Gaming, Lodging, Leisure and Restaurants Summit December 12, 2024 Boston, MA Management will be conducting one-on-on.

Holley to Attend Upcoming Investor Conferences

DALLAS--(BUSINESS WIRE)--NTREIS, Dallas-Area Multiple Listing Service, Launches National Search for New CEO and its Next Chapter of Innovation and Growth.

North Texas Real Estate Information Systems (NTREIS) CEO John Holley Announces Retirement After 20 Years of Transformational Leadership

Holley only sees a thin margin of safety with their credit facility leverage ratio, which could push worryingly close to the covenant limit if they suffer further weak quarters. Given their lack of dividends, share buybacks, and capital expenditure, they have no quick levers to pull if this eventuates. There are further bad signs, with their net sales trending down and distribution partners destocking inventory.

Holley: A Long Drive Ahead

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced today the acquisition of Arnott Industries (“Arnott” or the “Company”). Arnott is a North American and European leader in suspension technologies and a designer, developer, manufacturer and distributor of air suspension systems and suspension components for the automotive afte.

MidOcean Partners Acquires Arnott Industries, a Leading Suspension Products Platform for the Auto Aftermarket

Holley Inc. (HLLY) Q3 2024 Earnings Call Transcript

Holley Inc. (HLLY) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.03 per share a year ago.

Holley Inc. (HLLY) Reports Q3 Loss, Misses Revenue Estimates

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its third quarter ended September 29, 2024. Third Quarter Highlights vs. Prior Year Period Net Sales decreased (14.4%) to $134.0 million compared to $156.5 million last year Net Loss was $(6.3) million, or $(0.05) per diluted share, compared to a Net Income of $0.8 million, or $0.01 per diluted share, last year Net Cash Used.

Holley Reports Third Quarter 2024 Results; Execution Upon Strategic Initiatives Driving Growth in Key Areas of the Business Completed Another Successful Event Season With Strong Enthusiast Engagement

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY) today announced the company is expanding its presence at the annual Specialty Equipment Market Association (SEMA) show with a larger showcase space that demonstrates its global leadership in the automotive performance aftermarket. With a portfolio spanning over 70 top brands, Holley's SEMA booth will feature innovative and cutting-edge platform solutions designed for automotive enthusiasts across four key market vertica.

Holley Performance Brands Expands Footprint at SEMA to Showcase Global Aftermarket Leadership

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced the date for the release of its third quarter 2024 financial results. Third Quarter 2024 Results Holley will host a conference call and live webcast on Friday, November 8, 2024, at 8:30 am (Eastern Time) to discuss the Company's third quarter 2024 financial results. The Company's earnings release and presentation for the third quarter 2024 will b.

Holley Performance Brands to Release Third Quarter 2024 Results on November 8, 2024

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Stilo, part of the Holley Performance Brands portfolio (NYSE: HLLY), recently marked its 25th anniversary with a special celebration at its newly expanded global headquarters in Bergamo, Italy. Themed “Forever, Ahead,” Stilo dealers from around the world attended the two-day event to celebrate the brand's rich legacy and bright future of exceptional safety, quality and performance in racing. “Safety and racing continue to be strategic growth drivers for our.

Stilo Celebrates 25 Years of Safety and Racing Excellence

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Flowmaster, part of the Holley Performance Brands (NYSE: HLLY) portfolio, today announced the launch of the Flowmaster Signature Series, the brand's new premium exhaust line. Engineered for increased power and performance, the next-generation exhaust system provides a finely tuned sound, and features brushed stainless steel for a clean, high-end look that resists premature rusting. Available for modern truck applications including the Ram 1500, GM 1500, Ford.

Flowmaster Introduces Signature Series Premium Exhaust Line

BOWLING GREEN, Ky.--(BUSINESS WIRE)--APR and Dinan, two leading European aftermarket brands in the Holley Performance Brands (NYSE: HLLY) portfolio, are set to host enthusiasts from across the country at their annual Haus Party event. Taking place this weekend at the APR and Dinan headquarters in Opelika, Alabama, the event features interactive exhibits, a VW, Audi and BMW-focused car show, and future-forward product innovations from the APR and Dinan brands. “APR and Dinan are central to our c.

APR and Dinan to Host Euro Enthusiasts at Opelika, Alabama Facility

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Baer Brakes, part of the Holley Performance Brands portfolio (NYSE: HLLY), today announced the launch of Baer BIG Claw Performance Brake Kits and Baer Claw Rotors. Designed for modern truck enthusiasts, the products are engineered to improve a vehicle's stopping power while also elevating the overall style, look and feel. Popular vehicle fitments for the new Baer products include the Ford F-150, Ford Bronco, Ram Trucks, Jeep JL/JT, Chevrolet Silverado 1500 a.

Baer Brakes Unveils BIG Claw Performance Brake Kits and Claw Rotors for Modern Truck Applications

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced a successful wrap-up of its annual Holley LS Fest East in Bowling Green, Kentucky. Nearly 45,000 automotive enthusiasts attended the three-day festival at Beech Bend Raceway Park and 2,752 vehicles were part of the action, setting records for the flagship Holley event. Celebrating its 15th anniversary this year, Holley LS Fest East is the premier.

Holley Performance Brands Sets Attendance Record at LS Fest East

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Simpson, a Holley Performance Brand (NYSE: HLLY), today announced the release of the Devil Ray 3.0 and Desert Devil 3.0 racing and off-road helmets. The helmets set a new standard for the Simpson brand with a lightweight design, improved safety features, aggressive Simpson styling and unmatched performance. Since 1959, Simpson has been trusted by racers and enthusiasts alike to bring premium protection and performance to the helmets they rely on for safe and.

Simpson Announces Version 3.0 Devil Ray and Desert Devil Helmets

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY) (Holley), a leader in automotive aftermarket performance solutions, today announced that Moody's Ratings (Moody's) upgraded Holley's corporate family rating (CFR) to B2 from B3, probability of default rating to B2-PD from B3-PD and senior secured ratings to B2 from B3, noting that the outlook remains stable and the speculative grade liquidity (SGL) rating is unchanged at SGL-2. Moody's highlighted that the rating upgrad.

Moody's Ratings Upgrades Holley's CFR to B2; Outlook Stable

Holley Inc (NYSE:HLLY ) Q2 2024 Results Conference Call August 7, 2024 8:30 AM ET Company Participants Anthony Rozmus - IR Matt Stevenson - President, CEO & Director Jesse Weaver - CFO & Head of Information Technology Conference Call Participants Christian Carlino - JPMorgan Joe Altobello - Raymond James Mike Swartz - Truist Securities Bret Jordan - Jefferies Phillip Blee - William Blair Joe Feldman - Telsey Advisory Group Brian McNamara - Canaccord Genuity John Lawrence - The Benchmark Company Michael Baker - D.A. Davidson Operator Good morning, ladies and gentlemen, and welcome to the conference call to discuss Holley's Second Quarter 2024 Earnings Results.

Holley Inc (HLLY) Q2 2024 Earnings Call Transcript

Holley Inc. (HLLY) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.14 per share a year ago.

Holley Inc. (HLLY) Meets Q2 Earnings Estimates

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its second quarter ended June 30, 2024. Second Quarter Highlights vs. Prior Year Period Net Sales decreased 3.3% to $169.5 million compared to $175.3 million last year Net Income was $17.1 million, or $0.14 per diluted share, compared to $13.0 million, or $0.11 per diluted share, last year Net Cash Provided by Operating Acti.

Holley Reports Second Quarter 2024 Results; Net Income up 31% Year Over Year Adjusted EBITDA Margin up 50bps Year Over Year Progress Across All Key Growth Elements of the Transformation

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced the date for the release of its second quarter 2024 financial results. Second Quarter 2024 Results Holley will host a conference call and live webcast on Wednesday, August 7, 2024, at 8:30 am (Eastern Time) to discuss the Company's second quarter 2024 financial results. The Company's earnings release and presentation for the second quarter 2024 w.

Holley Performance Brands to Release Second Quarter 2024 Results on August 7, 2024

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Dinan, a Holley Performance Brand (NYSE: HLLY), today announced the much-requested return of its Foundation & Experience Packages exclusively engineered for late-model BMW applications. The next-generation packages are a one-stop solution for Euro enthusiasts looking to bring more performance to their vehicles by combining popular intakes, exhausts and chassis components. The re-launch of Dinan Foundation & Experience Packages is the latest example o.

Dinan Announces Return of Foundation & Experience Packages

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced that S&P Global Ratings (S&P) upgraded Holley's issuer credit rating to ‘B' from ‘B-' and senior secured issue-level rating to ‘B' from ‘B-' on June 13, 2024. S&P highlighted that the upgrade reflects Holley's improvement in leverage ratio supported by stronger profitability, debt paydown, and more consistent free cash flow generation.

S&P Upgrades Holley Performance Brands' Credit and Debt Ratings

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced its 2024 LS Fest West event was named to USA Today's list of the top 10 Best Motorsports Races in its 10Best Readers' Choice 2024 Awards. LS Fest West shares the distinction with other renowned performance events, including the Daytona 500 and the Indy 500. Since its inception in 2017, LS Fest West has grown into one of the most popular events fo.

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