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) 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.
Holley Inc. (NYSE: HLLY) successfully refinanced its 2018 credit facility, securing an $825 million credit package. This includes a $600 million first-lien term loan, a $125 million revolving credit line, and a $100 million delayed draw loan. The new terms offer more favorable interest rates compared to the previous debt and enhance borrowing capacity to support future acquisitions. CFO Dominic Bardos emphasized the refinancing as a key milestone for the company, indicating a positive outlook for growth.
Holley Inc. (NYSE: HLLY) reported a 19.8% increase in net sales for Q3 2021, reaching $159.7 million, despite facing supply chain challenges and a cybersecurity incident. The company experienced a net loss of $(30.2) million, compared to a net income of $13.5 million in the same quarter of 2020. Adjusted net income remained flat at $13.5 million. The projected fiscal 2021 net sales range remains between $648 million and $663 million. Holley’s CEO emphasized strong consumer demand, and the company hosted record attendance at its consumer events.
Holley Inc. (NYSE: HLLY) announced the date for its third quarter 2021 financial results, set for release before market open on
Holley Inc. (NYSE: HLLY) reported robust financial results for Q2 2021, showcasing a 54% increase in net sales to $193 million. Gross profit rose by 48% to $81.2 million, while net income surged 85% to $23.1 million. Acquisitions, including AEM Performance Electronics, contributed significantly to growth. The company maintains a 2021 revenue outlook of $648-$663 million despite anticipated challenges from supply chain issues and inflation. Holley emphasizes strong consumer demand and direct-to-consumer growth as key drivers.
Holley Inc. (NYSE: HLLY), a leader in the automotive aftermarket, announced the release date for its second quarter 2021 financial results. A conference call will take place on August 11, 2021, at 10:00 a.m. EDT, featuring CEO Tom Tomlinson and CFO Dominic Bardos. Investors can access the earnings release prior to the market opening on the same day via the company’s Investor Relations webpage. A replay of the call will be available until September 1, 2021. Holley continues to innovate and expand within the high-performance automotive sector.
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