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 (NYSE: HLLY) delivers innovative automotive performance solutions for enthusiasts and professionals worldwide. This news hub provides investors and industry stakeholders with essential updates about the company's strategic developments.
Access official press releases and verified news covering product innovations, financial results, and corporate milestones. Our curated collection includes updates on fuel system advancements, racing partnerships, and market expansion initiatives relevant to the automotive aftermarket sector.
Key information categories include earnings announcements, technical breakthroughs in engine performance, strategic acquisitions, and leadership updates. All content is sourced from authorized channels to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Holley's latest developments. Combine our news feed with SEC filings and market analysis for comprehensive investment research in the automotive performance sector.
Dinan, a Holley Performance Brand (NYSE: HLLY), has reintroduced its popular Foundation & Experience Packages for late-model BMWs. These packages combine various performance-enhancing components, such as intakes, exhausts, and chassis parts, into a single offering. This move aims to meet the growing demand in the European and Import car market, which represents nearly half of the existing car population. CEO Matthew Stevenson highlights the company's commitment to customer focus and innovation with these comprehensive packages designed to enhance vehicle performance without compromising safety. The packages are also available for the Toyota GR Supra.
S&P Global Ratings has upgraded Holley Performance Brands' (NYSE: HLLY) issuer credit rating from 'B-' to 'B' and senior secured issue-level rating from 'B-' to 'B' as of June 13, 2024.
This upgrade reflects Holley's improved leverage ratio, stronger profitability, debt paydown, and consistent free cash flow generation. CFO Jesse Weaver attributed this milestone to the company's focused financial strategies and emphasized the ongoing commitment to reduce leverage, enhance profitability, and improve cash flow.
Holley Performance Brands (NYSE: HLLY) has launched the Terminator X Max EFI kit for Ford's Godzilla engines. This product enhances Holley's engine swap solutions portfolio, targeting classic muscle car and truck enthusiasts. The system provides advanced control over fuel and ignition, simplifying the installation and operation of the 7.3-liter Godzilla engine.
CEO Matthew Stevenson emphasized the system's ease of use and its alignment with customers' performance passions. The Terminator X Max is designed for various activities, including cruising, racing, and truck pulling. It's compatible with other Holley products to further boost engine performance.
For more details on purchasing and other company news, visit Holley's website.
Holley Performance Brands (NYSE: HLLY) announced participation in upcoming investor conferences. They will attend the Jefferies Automotive Aftermarket Private and Public Company Investor Conference on May 23, 2024, in New York and William Blair’s 44th Annual Growth Stock Conference on June 5, 2024, in Chicago. The company will present from 3:00–3:30 PM EST at the William Blair event and conduct one-on-one meetings with investors at both conferences. Presentation materials and webcast links will be available on their Investor Relations website. Holley is known for its high-performance automotive products and strategic acquisitions.
Holley Performance Brands (NYSE: HLLY) announced that its 2024 LS Fest West was named one of USA Today's top 10 Best Motorsports Races in its 10Best Readers' Choice 2024 Awards. Set at the Las Vegas Motor Speedway, the event saw record single-day attendance with over 15,000 visitors and a total of 30,000 attendees over three days. The LS Fest series continues with LS Fest Texas at Texas Motor Speedway from May 17-19 and LS Fest East in September in Bowling Green. LS Fest events focus on various automotive activities, including drifting, drag racing, burnouts, and autocross. Pre-registration for LS Fest Texas is up 30% compared to last year, indicating growing interest.
Holley Performance Brands (NYSE: HLLY) reported first quarter 2024 results, including net sales of $158.6 million, a decrease of 7.9% from the prior year. Despite challenges in consumer demand and inflation, Holley is focused on managing costs, improving efficiency, and driving growth. The company paid down $15 million in debt, enhanced free cash flow, and made key executive appointments to boost organic growth. Holley remains optimistic about its long-term sustainable growth prospects.
Holley Performance Brands (NYSE: HLLY) announced the addition of a Bluetooth module for its Sniper 2 EFI conversion ecosystem, bringing greater affordability and accessibility. The new technology allows classic cars and trucks with carburetors to run like modern vehicles, controlled through the Sniper EFI app on smartphones. Holley also introduced an enhanced kitting-on-demand process for more flexibility and customization. Sniper 2 EFI is an easy-to-install, self-tuning system part of a complete ecosystem that simplifies tuning for enthusiasts.
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