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 Inc. (NYSE: HLLY) reported a strong first quarter for 2022, with net sales rising 24.8% year-over-year to $200.1 million. Gross profit also increased 25.9% to $82.7 million, leading to a net income of $16.9 million, a significant turnaround from a net loss of $(2.1) million in 2021. Adjusted net income improved to $21.5 million compared to $15.1 million last year. Despite challenges such as supply chain disruptions and inflation, the company reaffirmed its 2022 financial outlook, expecting net sales between $765-$790 million.
Holley Inc. (NYSE: HLLY), a leader in the performance automotive aftermarket, has announced the release date for its first quarter 2022 financial results. A conference call is scheduled for May 12, 2022, at 8:30 a.m. EDT, where key executives will discuss financial outcomes. The earnings release will be accessible before market opening on the same day. The company's commitment to innovation and a robust M&A strategy has positioned it as a major player in the enthusiast automotive space.
Holley Inc. (NYSE: HLLY) announced the pricing of a secondary offering of 8,000,000 shares of common stock at $12.00 per share, increasing the initial offering size by 1,500,000 shares. The offering, set to close on April 25, 2022, is conducted by Holley Parent Holdings, LLC, with no shares being sold by the company itself. The underwriters have a 30-day option to purchase an additional 1,200,000 shares. Holley’s business remains focused on high-performance products for automotive enthusiasts.
Lincolnshire Management announces the sale of Schumacher Electric Corporation to private investment firm Ripple Industries LLC. While financial terms were undisclosed, this marks a significant transition for Schumacher, a leader in power supply products in the U.S. Under Lincolnshire's ownership since October 2020, Schumacher expanded into EV chargers and enhanced its e-commerce initiatives. Lincolnshire cites successful product extensions and a driven management team led by CEO Mickey Leech as key growth factors. Lincolnshire previously invested in notable firms like Holley Inc. (NYSE: HLLY) and Wabash National Corporation (NYSE: WNC).
Holley Inc. (NYSE: HLLY) announced preliminary first-quarter results for the period ending April 3, 2022, showing net sales estimated between
Holley Inc. (NYSE: HLLY) has announced a secondary offering of 6,500,000 shares of its common stock by Holley Parent Holdings, LLC. The Selling Stockholder may grant underwriters a 30-day option to purchase an additional 975,000 shares. All net proceeds from the offering will go to the Selling Stockholder. Notably, no shares are being sold by Holley itself. The offering is managed by Jefferies, J.P. Morgan, and BofA Securities. A shelf registration statement with the SEC for these securities has been filed and is effective.
Holley Inc. (NYSE: HLLY) reported a strong fourth quarter and full-year results for 2021, with net sales rising 29.9% to $179.8 million in Q4 and 37.4% to $692.8 million for the year. Gross profit increased by 37.0% to $74.7 million in Q4, while for 2021, it rose 37.7% to $286.8 million. However, the company faced a net loss of $(18.0) million in Q4 and $(27.1) million for the year, compared to profits in the previous year. For 2022, Holley projects net sales between $765-$790 million and adjusted EBITDA of $186-$194 million.
MidOcean Partners has acquired Cloyes, a leader in timing drive systems, from Hidden Harbor Capital Partners. This marks MidOcean's third investment in the automotive aftermarket within 15 months, following investments in FullSpeed Automotive and Holley Inc. Cloyes, founded in 1921, serves over 300 customers with over 2,700 SKUs, emphasizing high-performance applications. The acquisition aims to accelerate growth and innovation, with leadership experienced in the automotive sector joining Cloyes' board. Financial terms were not disclosed.
Holley Inc. (NYSE: HLLY) announced the release date for its fourth quarter and full year 2021 financial results, scheduled for March 3, 2022, before market open. A conference call will be held at 8:30 a.m. EST on the same day, featuring key executives including CEO Tom Tomlinson and CFO Dominic Bardos. Investors can access the call via dial-in or live webcast. A telephone replay will be available until March 10, 2022. Holley is recognized as a leading brand in the automotive enthusiast market, focusing on high-performance products.
Holley (NYSE:HLLY) has acquired the assets of Arizona Desert Shocks, Baer Brakes, Brothers Trucks, and Rocket Racing Wheels for approximately $56 million in Q4 2021. This strategic acquisition enhances Holley’s capabilities in performance vehicle categories, including suspension systems, brake systems, and truck accessories. The company expects these acquisitions to generate $30 million in net sales for 2022, signaling a strong commitment to expanding its market presence and diversifying product offerings, especially in emerging electric vehicle segments.
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