Holley Inc - Ordinary Shares - Class A Stock News

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced its return to the Performance Racing Industry (PRI) 2024 tradeshow, where it will showcase cutting-edge products from its iconic safety and racing brands, including Stilo, Simpson, HANS, RaceQuip, Holley EFI and MSD. “From pavement to dirt, we're...

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY) a leader in automotive aftermarket performance solutions, today announced the successful amendment of its senior secured revolving credit facility, effective December 4, 2024. This amendment was driven by operational improvements and recent credit upgrades. The amendment includes a springing covenant of 5.0x total net l...

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced that senior management will participate in the following investor conferences: Raymond James TMT & Consumer Conference December 11, 2024 Company Presentation at 8:40–9:10 AM EST / 7:40–8:10 AM CST New York, NY Truist Securities Gaming, Lodging, L...

DALLAS--(BUSINESS WIRE)--NTREIS, Dallas-Area Multiple Listing Service, Launches National Search for New CEO and its Next Chapter of Innovation and Growth.

Holley only sees a thin margin of safety with their credit facility leverage ratio, which could push worryingly close to the covenant limit if they suffer further weak quarters. Given their lack of dividends, share buybacks, and capital expenditure, they have no quick levers to pull if this eventuates. There are further bad signs, with their net sales trending down and distribution partners des...

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced today the acquisition of Arnott Industries (“Arnott” or the “Company”). Arnott is a North American and European leader in suspension technologies and a designer, developer, ma...

Holley Inc. (HLLY) Q3 2024 Earnings Call Transcript

BOWLING GREEN, Ky.--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its third quarter ended September 29, 2024. Third Quarter Highlights vs. Prior Year Period Net Sales decreased (14.4%) to $134.0 million compared to $156.5 million last year Net Loss was $(6.3) million, or $(0.05) per dilute...