GlobeNewswire·Aug 5, 2026, 7:30 AM ET

Holley Reports Second Quarter 2026 Results

HLLY

Holley Performance Brands reported second-quarter net sales of $172.0 million, a 3.2% increase year-over-year.
Core business net sales grew 4.9% after excluding divestitures & the portfolio rebalancing initiative.
The company reported a net loss of $2.4 million ($0.02 per diluted share) compared to net income of $10.9 million last year.
A $28.3 million loss on the sale of non-core assets related to the portfolio rebalancing initiative impacted reported net income.
Adjusted net income rose to $24.0 million from $10.6 million in the prior year period.
Adjusted EBITDA was $33.8 million, down from $36.4 million last year, resulting in a margin of 19.6%.
Free cash flow for the quarter was $40.9 million, an increase from $35.7 million in the prior year.
Net cash provided by operating activities reached $47.1 million, up from $40.5 million.
The company completed the sale of non-core Restoration brands, including Scott Drake & Brothers Trucks.
The company repurchased approximately $2.0 million of common stock during the quarter.
Debt was reduced by an additional $15.0 million via voluntary prepayment after the quarter, bringing total debt reduction to $115.0 million since September 2023.
The leverage ratio reached its lowest level in four years, with a Credit Agreement Total Leverage Ratio of 3.74x.
Full-year 2026 core business revenue guidance remains unchanged at $610 million to $640 million.
Full-year 2026 Adjusted EBITDA guidance remains unchanged at $127 million to $137 million.
Capital expenditures for the full year are guided at $15 million to $20 million.
The company anticipates entering the second half of 2026 with solid momentum due to new retailer placements & product launches.
Strategic initiatives generated $13.4 million in revenue & delivered $8.3 million in cost savings.
Three of the company's four business divisions achieved double-digit core growth.