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. (HLLY) is a leading designer, marketer, and manufacturer of high-performance automotive aftermarket products. Based in Bowling Green, Kentucky, Holley has a storied history dating back to its roots in Michigan, where it became one of the major producers of carburetors. These carburetors were standard equipment on many Detroit-built automobiles and have powered everything from the original Ford Model A to World War II airplanes and the factory muscle cars of the 1960s.
In contemporary times, Holley has expanded its product range to include fuel injection systems, high-performance fuel pumps, intake manifolds, superchargers, nitrous oxide injection systems, and performance plumbing, among other items. Notably, Holley's state-of-the-art electronic fuel injection (EFI) systems have been adopted as the spec EFI system in NHRA Pro Stock, and its throttle bodies are still utilized in NASCAR Sprint Cup engines.
Holley's portfolio features iconic brands that serve a diverse car and truck industry, including Holley, APR, MSD, and Flowmaster. The company's products are designed to enhance vehicle performance in terms of horsepower, torque, and drivability for street, off-road, recreational, and competitive applications.
Recently, Holley has achieved several milestones and formed strategic partnerships to further innovation and expand its market reach. The company continues to drive forward with new projects focused on advancing automotive performance. Despite its extensive product diversification, Holley derives a significant portion of its revenue from the U.S. market, with additional contributions from Italy.
Holley's commitment to high-quality performance products ensures that it remains a trusted name in the automotive aftermarket industry. With its rich history and ongoing innovations, Holley Inc. continues to play a significant role in shaping the future of automotive performance.
For the latest updates and news about Holley Inc., including financial performance, recent events, and new developments, visit our website regularly.
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.
Holley Performance Brands (NYSE: HLLY) has scheduled its third quarter 2024 financial results release for November 8, 2024. The company will host a conference call and webcast at 8:30 am Eastern Time, with CEO Matthew Stevenson and CFO Jesse Weaver presenting. The earnings release and presentation will be available before market opens on the company's investor relations website. A replay will be accessible until November 15, 2024, for those unable to attend the live event.
Stilo, a brand within Holley Performance Brands (NYSE: HLLY), celebrated its 25th anniversary at its newly expanded global headquarters in Bergamo, Italy. The celebration, themed 'Forever, Ahead,' showcased the brand's commitment to racing safety and excellence. The new 50,000-square-foot facility features increased production capacity and an integrated carbon manufacturing facility for high-end carbon fiber helmets.
The company unveiled upcoming products, including new iterations of the ST and Venti helmets and the Hans IV head and neck restraint system, set to debut at the Performance Racing Industry show in December. Stilo's helmets are trusted by professional drivers in elite motorsport disciplines including Formula 1® and FIA's World Rally Championship.
Flowmaster, part of Holley Performance Brands (NYSE: HLLY), has launched the Flowmaster Signature Series, a new premium exhaust line for modern trucks. This next-generation system offers increased power and performance, a finely tuned sound, and features brushed stainless steel for durability and aesthetics. Available for popular truck models, it delivers significant gains in power and torque over stock systems.
Key features include:
- More aggressive sound performance
- Cat-Back and Axle-Back systems maintaining emissions compliance
- Simple installation with factory hanger locations
- Hand-welded and made in the USA
Holley Performance Brands (NYSE: HLLY) is hosting the annual Haus Party event through its European aftermarket brands APR and Dinan. The event, taking place on October 12, 2024, at their Opelika, Alabama headquarters, will showcase new products and connect with customers in the Euro and import vehicle market.
The event features interactive exhibits, a VW, Audi, and BMW-focused car show, and product innovations. It's free and open to the public, offering enthusiasts a tour of the 80,000-square-foot facility. Prior to the Haus Party, Holley will welcome dealers globally on October 10-11, emphasizing their investment in APR and Dinan.
APR and Dinan offer a wide range of products for European vehicles, including tuners, intakes, exhaust systems, and more. With a $14 billion addressable market in the U.S., both brands are introducing comprehensive solutions for vehicle enhancement.
Baer Brakes, a Holley Performance Brands (NYSE: HLLY) company, has launched Baer BIG Claw Performance Brake Kits and Baer Claw Rotors for modern trucks. These products are designed to enhance stopping power and style for popular vehicles like Ford F-150, Ford Bronco, Ram Trucks, Jeep JL/JT, Chevrolet Silverado 1500, and Chevrolet Suburban.
The Baer BIG Claw platform reduces stopping distance by over 20 feet compared to stock brakes. Key features include:
- Improved stopping performance
- Use of factory caliper and pads
- Simple bolt-on installation
Holley Performance Brands (NYSE: HLLY) reported a record-breaking attendance at its 15th annual Holley LS Fest East in Bowling Green, Kentucky. The three-day event attracted nearly 45,000 automotive enthusiasts and featured 2,752 vehicles, setting new records for the flagship event. Highlights included sold-out autocross and drag race events, a blockbuster car show, and a competitive drift event. The company also introduced a new Road Course High-Performance Driving Experience at NCM Motorsports Park.
CEO Matthew Stevenson emphasized the event's success and the valuable opportunity to engage with customers. Holley's event season will conclude with two more flagship events: Holley MoParty (September 13-15) and Holley Ford Festival (September 26-29) at Beech Bend Raceway Park.
Simpson, a Holley Performance Brand (NYSE: HLLY), has unveiled the Devil Ray 3.0 and Desert Devil 3.0 racing and off-road helmets. These updated designs set new standards for lightweight construction, improved safety features, and aggressive styling. The Devil Ray 3.0 is tailored for long races, while the Desert Devil 3.0 is designed for challenging off-road environments. Both helmets are available in carbon or composite variations with four color options.
Key enhancements include improved aerodynamics, redesigned ventilation, and better accessory integration. The Devil Ray 3.0 features an enhanced interior for comfort and is Snell certified. The Desert Devil 3.0 comes with pre-installed radio, top air system, and neck skirt for dust protection. This release aligns with Holley's strategy to deliver high-performance solutions across its key consumer verticals, including Safety & Racing and Modern Truck & Off-Road.
Holley Performance Brands (NYSE: HLLY) announced that Moody's Ratings has upgraded the company's corporate family rating (CFR) to B2 from B3, with a stable outlook. The upgrade reflects Moody's expectation that Holley will maintain healthy profitability and moderate financial leverage while generating solid free cash flow over the next 12-18 months. Despite revenue headwinds expected in 2024, Holley has successfully implemented operational initiatives to improve earnings and free cash flow, which has been used to repay debt. CFO Jesse Weaver emphasized the company's progress on financial priorities, including strengthening the balance sheet and maintaining robust free cash flow. The upgrades from both Moody's and S&P affirm Holley's financial improvements, with a continued focus on decreasing debt, enhancing profitability, and generating strong free cash flow.
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