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 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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