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. (Holley Performance Brands, NYSE: HLLY) generates a steady stream of news related to its role in the automotive aftermarket and motorsports safety. Company press releases highlight developments across its four consumer vertical groupings—Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing—as well as updates on its portfolio of brands such as Holley, APR, MSD, Flowmaster, Simpson, Stilo, HANS and RaceQuip.
On this news page, readers can follow announcements about financial results and outlook, including quarterly earnings releases and guidance updates that the company furnishes through Form 8-K filings and related press releases. Holley also issues news about its capital structure, such as voluntary debt repayments and secondary offerings by selling stockholders, which are documented in both SEC filings and Globe Newswire announcements.
Holley Performance Brands frequently reports on product launches and safety standards, particularly within its Safety & Racing vertical. Recent news includes the introduction of Snell SA2025-compliant helmet lines from Simpson, Stilo and RaceQuip, as well as new helmet models and racing safety gear showcased at events like the PRI Show. These updates provide insight into how the company aligns its products with evolving motorsports safety requirements.
Event-related news is another major theme. Holley issues releases about its presence at the SEMA Show and PRI Show, and about enthusiast events such as LS Fest East, MoParty and Ford Festival in Bowling Green, Kentucky. These stories describe new product demonstrations, strategic partnerships and large-scale enthusiast gatherings that reflect the company’s engagement with performance communities.
Investors and enthusiasts can use this page to track corporate developments, product innovation, safety initiatives and event announcements from Holley Performance Brands in one place.
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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