Holley Q1 FY26 net income more than doubled to $7.3 million; net sales fall 3.7% to $147.3 million
Holley Inc.
Holley Inc. HLLY | 0.00 |
- Holley posted first-quarter net income of USD 7.3 million, up USD 4.4 million year over year, as net sales fell 3.7% to USD 147.3 million.
- Adjusted EBITDA held flat at USD 27.3 million while adjusted EBITDA margin widened 0.7 percentage points to 18.5%.
- Free cash flow narrowed to negative USD 6.3 million from negative USD 10.8 million, while net cash used in operating activities improved to negative USD 2.9 million.
- Management cited improving demand trends from week eight, announced an acquisition of HRX to expand racewear and European motorsports presence, and said portfolio optimization will exit non-core businesses.
- Full-year net sales outlook was cut to USD 610 million-USD 640 million to reflect a planned USD 15 million reduction tied to portfolio actions, while adjusted EBITDA guidance was maintained at USD 127 million-USD 137 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Holley Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605060730PRIMZONEFULLFEED9714035) on May 06, 2026, and is solely responsible for the information contained therein.
