Holley Inc Stock Price, News & Analysis

Holley Performance Brands (NYSE: HLLY) has launched its Modern Truck & Off-Road Performance Packages, offering a comprehensive aftermarket solution for truck enthusiasts. The packages combine products from Holley's leading brands including Flowmaster, ADS, and Baer into integrated systems.

The packages are designed for specific vehicle platforms including 2021+ Ford Broncos, 2014+ Chevy Silverados, 2014+ GMC Sierras, and 2005+ Toyota Tacomas. Components include Flowmaster exhaust systems, ADS suspension systems, Baer brakes, and tuning options from DiabloSport, AEM, and Superchips.

This initiative aims to simplify the customization process for truck owners by providing pre-engineered, compatible components in a single package. Each package is engineered by Holley's team to ensure optimized performance and compatibility across all components.

Holley Performance Brands (NYSE: HLLY) has launched two new adventure motorcycle helmets under its Simpson brand: the Journey Bandit and Xcursion Bandit. The launch marks Simpson's strategic entry into the growing adventure rider market, building on the brand's 65-year legacy in motorsports safety.

The Journey Bandit features a dual-certified chinbar for both highway and off-road use, while the Xcursion Bandit is specifically designed for off-road exploration. Both helmets incorporate advanced features including tricomposite or carbon fiber shells, adjustable ventilation systems, Comfort MAX padding, and Pinlock® MaxVision antifog shields. The helmets are available in three shell sizes for customized fitting.

Simpson will showcase the new adventure line at the upcoming AIMExpo and One Motorcycle Show in Las Vegas, where the brand is a primary sponsor.

Holley Performance Brands (NYSE: HLLY) has announced a perpetual exclusive license agreement with Cataclean Global for the North American market. The deal, valued at $23.8 million, grants Holley exclusive rights to develop, manufacture, market, distribute, and sell Cataclean branded products in the U.S., Canada, and Mexico.

Cataclean, a leading performance automotive additives maker in the U.K. and North America, is known for its signature fuel and exhaust system cleaner. The partnership builds on a decade-long relationship between the companies and includes unlimited sales channel access, exclusive access to new formulations, and expansion into Mexico.

This strategic move strengthens Holley's position in developing a comprehensive portfolio of performance chemical offerings and allows both companies to invest in brand growth and infrastructure.

Holley Performance Brands (NYSE: HLLY) announced its participation in the Performance Racing Industry (PRI) 2024 tradeshow, showcasing new safety and racing innovations. The company will debut two key products: the Stilo ST6 helmet and the HANS IV device.

The ST6 helmet features new composite technology making it one of the lightest on the market, enhanced interior padding, improved ventilation, and advanced communications technology. The HANS IV device represents an evolution in head and neck restraints, featuring a lighter, more ergonomic design and advanced protection using specialty composite materials.

The company will display these products alongside other racing brands including Holley EFI, MSD, RacePak, Earl's, and NOS at the show, taking place December 12-14 at the Indiana Convention Center.

Holley Performance Brands (NYSE: HLLY) has successfully amended its senior secured revolving credit facility, effective December 4, 2024. The amendment introduces a 5.0x total net leverage springing covenant, tested only when the revolver is drawn, and extends maturity to November 18, 2029. The available borrowing under the revolver is set at $100 million.

The amendment was facilitated by operational improvements and recent credit upgrades from S&P and Moody's. According to CFO Jesse Weaver, this modification enhances Holley's financial flexibility and reduces refinancing risk while supporting their transformational initiatives.

Holley Performance Brands (NYSE: HLLY) has announced its participation in two upcoming investor conferences. The company will present at the Raymond James TMT & Consumer Conference in New York on December 11, 2024, from 8:40-9:10 AM EST, and attend the Truist Securities Gaming, Lodging, Leisure and Restaurants Summit in Boston on December 12, 2024. Management will conduct one-on-one meetings with investors at both events, though they will only deliver a presentation at the Raymond James conference. Presentation materials and webcast link will be available on Holley's investor relations website.

MidOcean Partners has acquired Arnott Industries, a leading designer and manufacturer of air suspension systems for the automotive aftermarket. Founded in 1989, Arnott offers over 800 products for light passenger vehicles with coverage of approximately 90% of air-equipped vehicles in operation. The company produces OE quality or better replacement products at its American and European facilities. This marks MidOcean's fourth investment in the auto aftermarket sector, following investments in Cloyes, FullSpeed Automotive, and Holley Inc. (NYSE: HLLY). Financial terms were not disclosed.

Holley (NYSE: HLLY) reported Q3 2024 financial results with net sales decreasing 14.4% to $134.0 million compared to $156.5 million last year. The company posted a net loss of $6.3 million, or $(0.05) per diluted share. Despite challenges, the company saw a 16% year-over-year increase in direct-to-consumer channel and 10% median lift in B2B out-the-door sales during event windows. Notable improvements include a 133% increase in revenue per SKU and 25% rise in new product revenue year-to-date. Moody's upgraded Holley's corporate family rating to B2 from B3. The company revised its full-year 2024 outlook, projecting net sales of $595-605 million.

Holley Performance Brands (NYSE: HLLY) announces expanded presence at SEMA 2024, showcasing its portfolio of over 70 automotive aftermarket brands. The company's larger booth in Central Hall will feature innovative solutions across four key verticals: Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing. This expansion follows the March 2024 strategic rebranding to Holley Performance Brands, aimed at enhancing global presence. The SEMA show, scheduled for November 5-8, 2024, in Las Vegas, is expected to attract over 140,000 industry professionals.