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Dec 31, 2024
Holley Q4 2024 Earnings Report
Holley reported a decline in revenue and a net loss in Q4 2024, impacted by impairment charges.
Key Takeaways
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.
Q4 revenue declined by 10.1% YoY to $140.1 million.
Net loss of $37.8 million due to impairment charges of $40.9 million.
Adjusted EBITDA improved slightly to $29.1 million from $28.5 million last year.
Free cash flow dropped to $1.8 million compared to $29.9 million last year.
Holley
Holley
Holley Revenue by Segment
Holley Revenue by Geographic Location
Revenue by Segment
Domestic Muscle Revenue
CapyFin.comModern Truck & Off-Road Revenue
CapyFin.comEuro & Import Revenue
CapyFin.comSafety & Racing Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Holley expects flat-to-moderate revenue growth in 2025, with an adjusted EBITDA range of $113 million to $130 million, supported by stronger distribution partnerships and brand expansion.
Positive Outlook
- Revenue expected to grow by 0.8% to 4.3% in 2025.
- Continued expansion in eCommerce and retail partnerships.
- Anticipated improvement in distributor inventory levels.
- New licensing agreement with Cataclean expected to drive growth.
- Improved financial flexibility through a revolver amendment.
Challenges Ahead
- Consumer spending remains uncertain due to macroeconomic conditions.
- Tariff-related uncertainties could impact cost structure.
- Higher interest expenses projected between $47 million and $52 million.
- Ongoing restructuring efforts may lead to additional short-term costs.
- Potential challenges in increasing inventory turnover.
Revenue & Expenses
Visualization of income flow from segment revenue to net income