Holley Earnings Reports

Holley saw a 10.1% year-over-year decline in revenue, reporting $140.1 million in Q4 2024. The company recorded a net loss of $37.8 million, largely due to $40.9 million in goodwill impairment charges. Despite this, adjusted EBITDA increased slightly to $29.1 million. Free cash flow dropped significantly to $1.8 million from $29.9 million in the previous year.

Holley Performance Brands reported third-quarter results with net loss of $(6.3) million, and adjusted net loss of $(0.5) million. The company saw a 16% year-over-year increase in direct-to-consumer channel and a 10% median lift in B2B out-the-door sales during event windows. Distributor inventory normalization impacted overall quarterly sales.

Holley Performance Brands reported second-quarter net sales of $169.5 million. Net income increased to $17.1 million, and the company made progress on deleveraging with a $10 million prepayment. S&P Global Ratings upgraded Holley's debt and credit ratings.

Holley Performance Brands reported a decrease in net sales to $158.6 million compared to $172.2 million in the prior year period. Net income was $3.7 million, a slight decrease from $4.2 million year-over-year. The company paid down $15 million of debt and improved free cash flow generation by $15 million year-over-year. Holley is reiterating its full year 2024 outlook and providing Q2 outlook.

Holley Inc. reported a 1.0% increase in net sales to $155.7 million and a significant improvement in net income to $1.2 million, compared to a net loss of $(15.2) million in the prior year period. Adjusted EBITDA increased by 89% to $28.5 million. The company is in the early stages of an organizational transformation, which is positively impacting financial performance.

Holley reported a 1.1% increase in net sales to $156.5 million, a 20.6% increase in gross profit to $58.4 million, and a net income of $0.8 million, or $0.01 per diluted share. The company's adjusted EBITDA was $29.7 million, and free cash flow was $21.7 million. Holley also reduced its debt by $25 million in September.

Holley reported a slight decrease in net sales but an increase in Adjusted EBITDA for Q2 2023. The company has raised its full-year 2023 sales and Adjusted EBITDA guidance ranges, reflecting confidence in its brand portfolio and ability to deliver profitability.

Holley Inc. reported a decrease in net sales by 13.9% to $172.2 million and a decrease in net income to $4.3 million, or $0.04 per diluted share, for the first quarter of 2023. However, the company reaffirmed its full year 2023 outlook and noted significant sequential top and bottom-line improvements relative to the fourth quarter of 2022, driven by sales leverage and cost savings initiatives.

Holley Inc. reported a decrease in net sales and gross profit for Q4 2022, with a net loss of $(15.2) million. The company is focused on cost structure alignment and free cash flow improvement.

Holley Inc. reported a decrease in net sales by 3.1% to $154.8 million for the third quarter of 2022, while net income was $31.6 million, or $0.27 per diluted share. The company's performance was affected by supply chain constraints and higher costs, but direct-to-consumer sales saw an increase of 11%.

Holley Inc. reported a decrease in net sales by 7.1% to $179.4 million and a decrease in gross profit by 7.3% to $75.3 million compared to the prior year's second quarter. Net income increased to $40.6 million, or $0.35 per diluted share. Adjusted EBITDA was $37.2 million compared to $54.1 million in the prior year's second quarter. The company reduced its outlook for the remainder of the year due to these challenges.

Holley Inc. reported a strong first quarter in 2022, with net sales increasing by 24.8% to $200.1 million and net income reaching $16.9 million, or $0.15 per diluted share. The company reaffirmed its full-year 2022 outlook, expecting continued growth.

Holley Inc. reported a strong fourth quarter and full year 2021, driven by robust sales growth and strong underlying consumer demand. Net sales increased by 29.9% to $179.8 million, and gross profit increased by 37.0% to $74.7 million. However, the company reported a net loss of $(18.0) million, or $(0.16) per share, compared to net income of $2.0 million, or $0.03 per share, in fourth quarter 2020.

Holley Inc. reported a 19.8% increase in net sales to $159.7 million for Q3 2021, driven by acquisitions. However, a cybersecurity incident deferred approximately $7 million in sales to Q4. The company reported a net loss of $(30.2) million, or $(0.28) per share, compared to a net income of $13.5 million, or $0.20 per share, in Q3 2020. Adjusted EBITDA rose to $35.5 million compared to $34.6 million in 2020.

Holley Inc. reported a strong second quarter in 2021, with net sales increasing by 54% to $193.0 million, driven by both organic growth and recent acquisitions. Net income also saw a significant increase of 85% to $23.1 million.