Holley Performance Brands Reports Second Quarter 2025 Results

Holley Performance Brands, a leader in automotive aftermarket performance solutions, has released its financial results for the second quarter of 2025. The company continues to show resilience and strategic growth despite a slight decline in net sales compared to the previous year.

Financial Highlights

For the second quarter ended June 29, 2025, Holley reported:

• Net Sales decreased by 1.7% to $166.7 million compared to $169.5 million in the same period last year.
• Core business net sales grew by 3.9% after excluding non-core business net sales of approximately $9.0 million for the second quarter of 2024.
• Net Income was $10.9 million, or $0.09 per diluted share, compared to $17.1 million, or $0.14 per diluted share, last year.
• Net Cash Provided by Operating Activities was $40.5 million compared to $25.7 million last year.
• Adjusted Net Income was $10.6 million compared to $12.6 million last year.
• Adjusted EBITDA was $36.4 million compared to $38.3 million last year.
• Free Cash Flow was $35.7 million, the highest level in the company's history, compared to $24.4 million last year.

Business and Operational Highlights

Holley achieved several key business milestones during the second quarter of 2025:

• Core business net sales growth of 3.9% compared to the second quarter of 2024.
• Consecutive quarters of core business sales growth across all divisions.
• Generated approximately $27 million in revenue from key initiatives.
• Expanded growth across 20+ brands in both direct-to-consumer (DTC) and business-to-business (B2B) channels.
• Strengthened relationships with B2B partners, resulting in approximately 6.5% growth in the channel.
• DTC orders grew by over 8.6%, with third-party platforms like Amazon and eBay increasing by more than 28%.
• Product innovation and strategic pricing initiatives contributed $10.8 million in revenue for the quarter and $18.7 million year-to-date.

Strategic Initiatives and Corporate Developments

Holley has been actively executing its strategic framework for 2025, focusing on:

• Tariff mitigation through strategic sourcing and pricing actions.
• Refining full-year guidance to include the expected net impact of tariffs.
• Forecasting negligible impact on the business due to effective mitigation efforts.

Management's Perspective

Matthew Stevenson, President and CEO of Holley, expressed satisfaction with the company's performance, stating, "We are very pleased with another solid quarter, driven by continued momentum in our core business. Our team remains focused on executing our strategic framework, with key progress made in the second quarter."

Stevenson highlighted the company's strong momentum in new product launches and the strengthening of partnerships with B2B customers, which have driven meaningful growth across both B2B and direct-to-consumer channels.

Future Outlook

For the year ending December 31, 2025, Holley has refined its full-year guidance:

• Net Sales are expected to be between $580 million and $595 million, reflecting a 0.8% to 3.4% year-over-year growth in core business.
• Adjusted EBITDA is projected to be between $116 million and $127 million.
• Capital Expenditures are anticipated to be between $10 million and $14 million.
• Depreciation and Amortization Expense is expected to be between $22 million and $24 million.
• Interest Expense (excluding collar revaluation) is forecasted to be between $45 million and $50 million.

SEC Filing: Holley Inc. [ HLLY ] - 8-K - Aug. 06, 2025