reports
Holley Performance Brands Set to Engage Nearly Half Million High-Perfo...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced its full schedule of experiential marketing events taking place in 2024. Launching in April, the upcoming event season showcases Holley’s continued commitment to strengthening its customer focus in its aftermarket vertical groupings, including Domestic Muscle, Late Model Truck & Off Road, Euro & Import, and Safety & Racing. This press release features multimedia. View the full release here: (Graphic: Business Wire) This year’s lineup features the return of flagship Ho...
APR Unveils Ultralink Platform for European Vehicle Performance Tuning
OPELIKA, Ala.--(BUSINESS WIRE)-- APR, a Holley Performance Brand, has launched APR , an at-home flash-tuning software platform that allows enthusiasts to quickly and conveniently performance tune certain European vehicles from any location using a laptop and USB custom interface. The innovative APR Ultralink platform marks a significant shift in vehicle tuning, combining flexibility, speed and ease, and highlights APR's role in Holley's mission to support the modern vehicle community with one of the broadest portfolios of performance brands. This press release features multimedia. View the fu...
Holley Reports Fourth Quarter and Full Year 2023 Results; Early Stages...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter Highlights vs. Prior Year Period Net Sales increased 1.0% to $155.7 million compared to $154.2 million last year Gross Profit increased 27.5% to $60.3 million compared to $47.3 million last year, and gross margin was 38.7% compared to 30.7% last year Net Income was $1.2 million, or $0.01 per diluted share, compared to a Net Loss of $(15.2) million, or $(...
Holley Inc. to Release Fourth Quarter and Full Year 2023 Results on Fe...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: ), a leader in automotive aftermarket performance solutions, today announced the date for the release of its fourth quarter and full year 2023 financial results. Fourth Quarter and Full Year 2023 Results Holley will host a conference call and live webcast on Wednesday, February 28, 2024, at 8:30 am (Eastern Time) to discuss the Company’s fourth quarter and full year 2023 financial results. The Company’s earnings release and presentation for the fourth quarter and full year 2023 will be issued before the market opens on Wednesday, Feb...
Holley Names Philip Dobbs Senior Vice President of Customer Experience...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced Philip Dobbs has joined the organization as Senior Vice President of Customer Experience Marketing. Dobbs has taken on a newly created role focused on providing the best possible brand, product and service engagements across the company’s B2B and B2C touchpoints. This press release features multimedia. View the full release here: (Photo: Business Wire) “Philip is a dynamic marketing leader with three decades of experience stewarding and shaping various iconic consumer...
Holley Announces Additional $25 Million Debt Paydown
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced it paid down an additional $25 million in principal against its first lien term loan facility. This debt reduction against Holley’s first lien term loan facility was completed through opportunistic repurchases at a discount to par in November and December and were completed using cash on hand. Combined with the $25 million paydown during September 2023, Holley has reduced the principal amount outstanding under its first lien term loan facility by $50 milli...
Holley’s Robust Portfolio of Safety Solutions on Display at PRI 2023
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- (NYSE: HLLY), a leader in automotive aftermarket performance solutions, is demonstrating its continued commitment to advancing safety in motorsports with its participation in the Performance Racing Industry (PRI) 2023 tradeshow. The company’s Stilo, Simpson, HANS and RaceQuip brands will be on display at the event, solidifying Holley’s stronghold on motorsports with its best-in-class safety products. This press release features multimedia. View the full release here: Holley’s RaceQuip, Stilo and Simpson racing helmets. (Photo: Business Wire) “We continue...
Holley Reports Third Quarter 2023 Results
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced financial results for its third quarter ended October 1, 2023. Third Quarter Highlights vs. Prior Year Period Net Sales increased 1.1% to $156.5 million compared to $154.8 million last year Gross Profit increased 20.6% to $58.4 million compared to $48.4 million last year, and gross margin was 37.3% compared to 31.3% last year Net Income was $0.8 million, or $0.01 per diluted share, compared to $31.6 million, or $0.27 per diluted share,...
Celebrity Kevin Hart Partners with Holley’s Detroit Speed & Engineerin...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- (NYSE: HLLY) and a Holley family brand, are unveiling their latest prestigious celebrity car restomod at the 2023 Specialty Equipment Market Association (SEMA) show in Las Vegas. The three-year project, commissioned by comedian and actor Kevin Hart, involved a complete custom rebuild of , transforming the classic muscle car into a picture of pro-touring excellence with powerhouse performance. This press release features multimedia. View the full release here: (Photo: Business Wire) Hart’s vehicle made its debut during the SEMA Monday Reveal, a prominent...
Holley’s New Market Segment Strategy Takes Center Stage at SEMA 2023
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- (NYSE: HLLY), a leader in the automotive aftermarket industry, is returning to the Specialty Equipment Market Association (SEMA) show with a new approach focused on reaching customers in multiple aftermarket segments. With two booth locations, the company is spotlighting a wide array of aftermarket solutions that encompass classic cars and trucks, late model muscle cars and trucks, off-road, European, and EV applications. “Holley’s 2023 SEMA presence reflects the company’s ongoing expansion and evolution to serve a broader set of enthusiast customers,” ...
Holley Inc. to Release Third Quarter 2023 Results on November 8, 2023
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: ), the leading consumer platform for automotive performance enthusiasts, today announced the date for the release of its third quarter 2023 financial results. Third Quarter 2023 Results Holley will host a conference call and live webcast on Wednesday, November 8, 2023, at 8:30 am (Eastern Time) to discuss the Company’s third quarter 2023 financial results. The Company’s earnings release and presentation for the third quarter 2023 will be issued before the market opens on Wednesday, November 8, 2023, and will be available on the Inves...
Holley Focuses on Accelerating Growth with New Market Segment Orientat...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, is implementing a new organizational design to capitalize on growth opportunities across the company’s full brand and business portfolio. The strategic realignment establishes seven distinct market segments, further strengthening the company’s ability to serve the classic vehicle market while also expanding its focus on aftermarket solutions for newer model vehicles. “We continue to take actions to strengthen our customer focus and maximize the value of our ro...
Holley Celebrates Record-Setting Season of Automotive Enthusiast Event...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced the completion of a record-setting season of consumer-focused, experiential marketing events. Encompassing five multi-day festivals, Holley shattered previous attendance records at each event, engaging more than 100,000 builders, racers and enthusiasts across the season. This press release features multimedia. View the full release here: (Photo: Business Wire) “Events like LS Fest, MoParty and Ford Festival are a critical component of our strate...
Holley Announces $25 Million Debt Paydown in Line With Stated Financia...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced it paid down $25 million in principal against its first lien term loan facility. Accretive to earnings, the paydown aligns with leadership’s commitment to reduce leverage against Holley’s balance sheet as it executes its operational improvement plan which includes restoring profitability, improving free cash flow, and optimizing working capital. This debt reduction against Holley’s first lien term loan facility was completed through an opportun...
Holley Reports Second Quarter 2023 Results
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced financial results for its second quarter ended July 2, 2023. Second Quarter Highlights vs. Prior Year Period Net Sales decreased 2.3% to $175.3 million compared to $179.4 million last year Gross Profit decreased 7.4% to $69.7 million versus $75.3 million last year, and gross margin was 39.8% versus 42.0% last year Net Income was $13.0 million, or $0.11 per diluted share, compared to $40.6 million, or $0.35 per diluted share, last year Adju...
Holley Introduces New Revolutionary Electronic Fuel Ignition System Wi...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced the launch of its Sniper 2 electronic fuel injection (Sniper 2 EFI), a self-tuning, easy-to-install, EFI conversion for common 4-barrel style carburetors. Sniper 2 EFI represents the next evolution of the Company’s large and fast-growing Sniper product line, which was first introduced in 2016 and brought modern Electronic Fuel Injection (EFI) to factory equipped carbureted vehicles. Sniper 2 represents Holley’s latest product launch in the Company’s #1 ...
Holley Inc. to Release Second Quarter 2023 Results on August 10, 2023
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: ), the leading platform serving performance automotive enthusiasts, today announced the date for the release of its second quarter 2023 financial results. Second Quarter 2023 Results Holley will host a conference call and live webcast on Thursday, August 10, 2023, at 8:30 am (Eastern Time) to discuss the Company’s second quarter 2023 financial results. The Company’s earnings release for the second quarter 2023 will be issued before the market opens on Thursday, August 10, 2023, and will be available on the Investor Relations page of ...
Holley to Attend Jefferies Automotive Aftermarket Private and Public C...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced that senior management will participate in the Jefferies Automotive Aftermarket Private and Public Company Investor Conference on Thursday, May 25, 2023. Management will host a presentation and will be conducting one-on-one meetings with investors in attendance at the conference. The presentation materials will be posted on the Investor Relations section of the Company’s website at under the “Events & Presentations” section. About Holley Holley is a ...
Holley Announces Inducement Awards Under NYSE Section 303A.08 of the N...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced the grant of inducement equity awards to Matthew Stevenson, Holley’s newly appointed President and Chief Executive Officer. The inducement equity awards consist of (i) 1,000,000 time-vesting restricted stock units (“RSUs”), which will vest ratably in one-fourth increments on each of the first four anniversaries following the date of grant, and (ii) 1,520,000 performance-based stock units (“PSUs”), which will vest upon the achievement of certain stock ...
Holley Announces Appointment of Matthew Stevenson as New President and...
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced the appointment of Matthew Stevenson as the Company’s new President and Chief Executive Officer (CEO). On June 6, 2023, he will replace Interim President and Chief Executive Officer, Michelle Gloeckler, who will be remaining with Holley as a member of the Board. Mr. Stevenson joins Holley from Blue Bird Corporation (NASDAQ: BLBD), where he served as President and Chief Executive Officer. While at Blue Bird, Matt led a comprehensive operational and fin...
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