Welcome to our dedicated page for Holley news (Ticker: HLLY), a resource for investors and traders seeking the latest updates and insights on Holley stock.
Holley Inc. reports news on its automotive aftermarket performance business, including earnings, operational highlights, product launches and portfolio actions. The company designs, manufactures and distributes performance products for car and truck enthusiasts under brands such as Holley, Holley EFI, MSD, Simpson, Flowmaster, EDGE, Cataclean and Accel.
Recurring updates cover the company’s American Performance, Modern Truck & Off-Road, Euro & Import, and Safety & Racing verticals; new engine-swap, EFI, chemicals, car-care and motorsports products; flagship enthusiast events; acquisitions such as HRX; portfolio optimization; distribution-channel activity; debt reduction and full-year outlook commentary.
Holley Inc. (NYSE: HLLY) successfully refinanced its 2018 credit facility, securing an $825 million credit package. This includes a $600 million first-lien term loan, a $125 million revolving credit line, and a $100 million delayed draw loan. The new terms offer more favorable interest rates compared to the previous debt and enhance borrowing capacity to support future acquisitions. CFO Dominic Bardos emphasized the refinancing as a key milestone for the company, indicating a positive outlook for growth.
Holley Inc. (NYSE: HLLY) reported a 19.8% increase in net sales for Q3 2021, reaching $159.7 million, despite facing supply chain challenges and a cybersecurity incident. The company experienced a net loss of $(30.2) million, compared to a net income of $13.5 million in the same quarter of 2020. Adjusted net income remained flat at $13.5 million. The projected fiscal 2021 net sales range remains between $648 million and $663 million. Holley’s CEO emphasized strong consumer demand, and the company hosted record attendance at its consumer events.
Holley Inc. (NYSE: HLLY) announced the date for its third quarter 2021 financial results, set for release before market open on November 10, 2021. A conference call will be hosted on the same day at 8:30 a.m. EST to discuss these results. The call will feature Holley’s CEO Tom Tomlinson, CFO Dominic Bardos, and EVP Vinod Nimmagadda. Participants can join via dial-in numbers or through a live webcast. A recording will be available post-call until November 17, 2021.
Holley Inc. (NYSE: HLLY) reported robust financial results for Q2 2021, showcasing a 54% increase in net sales to $193 million. Gross profit rose by 48% to $81.2 million, while net income surged 85% to $23.1 million. Acquisitions, including AEM Performance Electronics, contributed significantly to growth. The company maintains a 2021 revenue outlook of $648-$663 million despite anticipated challenges from supply chain issues and inflation. Holley emphasizes strong consumer demand and direct-to-consumer growth as key drivers.
Holley Inc. (NYSE: HLLY), a leader in the automotive aftermarket, announced the release date for its second quarter 2021 financial results. A conference call will take place on August 11, 2021, at 10:00 a.m. EDT, featuring CEO Tom Tomlinson and CFO Dominic Bardos. Investors can access the earnings release prior to the market opening on the same day via the company’s Investor Relations webpage. A replay of the call will be available until September 1, 2021. Holley continues to innovate and expand within the high-performance automotive sector.
Holley has completed its business combination with Empower, a publicly traded SPAC, following stockholder approval on July 14, 2021. Holley's shares will start trading on the NYSE under the ticker 'HLLY' from July 19, 2021. The company's management team, including CEO Tom Tomlinson, will continue leading the firm, focusing on growth and strategic M&A. Holley has also acquired assets from AEM Performance Electronics, enhancing its market presence. The Board of Directors is now composed of experienced leaders to drive further growth and shareholder value.