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 (NYSE: HLLY) delivers innovative automotive performance solutions for enthusiasts and professionals worldwide. This news hub provides investors and industry stakeholders with essential updates about the company's strategic developments.
Access official press releases and verified news covering product innovations, financial results, and corporate milestones. Our curated collection includes updates on fuel system advancements, racing partnerships, and market expansion initiatives relevant to the automotive aftermarket sector.
Key information categories include earnings announcements, technical breakthroughs in engine performance, strategic acquisitions, and leadership updates. All content is sourced from authorized channels to ensure accuracy and compliance with financial disclosure standards.
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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.
Holley has completed its business combination with Empower, a publicly traded SPAC, following stockholder approval on July 14, 2021. Holley's shares will start trading on the NYSE under the ticker 'HLLY' from July 19, 2021. The company's management team, including CEO Tom Tomlinson, will continue leading the firm, focusing on growth and strategic M&A. Holley has also acquired assets from AEM Performance Electronics, enhancing its market presence. The Board of Directors is now composed of experienced leaders to drive further growth and shareholder value.
