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GlobeNewswire·

Holley Reports Third Quarter 2026 Results

HLLY
  • Holley Performance Brands reported third-quarter 2026 net sales of $141.6 million, a 2.3% increase year-over-year.
  • Core business net sales grew 6.7% after excluding portfolio divestitures.
  • The company achieved a net income of $7.8 million ($0.06 per diluted share), reversing a $0.8 million net loss from the prior year period.
  • Net cash provided by operating activities reached $14.1 million, compared to $7.4 million in the same quarter last year.
  • Adjusted EBITDA for the quarter was $29.4 million, reflecting a margin expansion to 20.8% from 19.6% the previous year.
  • Free cash flow generated in the quarter totaled $8.8 million, an improvement of $3.3 million year-over-year.
  • The company prepaid $25 million of debt during the quarter, bringing cumulative debt reduction to $125 million since September 2023.
  • Holley achieved a leverage ratio of 3.50x, its lowest level in four years, meeting the year-end target of 3.5x a quarter early.
  • Strategic initiatives generated $18.6 million in revenue while delivering $6.1 million in cost savings.
  • Full-year 2026 Net Sales guidance remains between $610 million and $625 million.
  • Full-year 2026 Adjusted EBITDA guidance was narrowed to a range of $127 million to $132 million.
  • Full-year 2026 Interest Expense guidance was adjusted to a range of $40 million to $44 million.
  • The company narrowed its guidance ranges to reflect a conservative outlook given the current consumer environment.
  • Capital expenditures for the full year are expected to range between $15 million and $20 million.
  • Depreciation and Amortization Expense for the full year is projected to be between $24 million and $26 million.