Holley Reports First Quarter 2025 Results

About this update from Holley Inc.

[{"type":"text","content":"Delivered Core Business Growth in the QuarterNet Income of $2.8 Million in 2025 Compared to $3.7 Million in 2024Adjusted EBITDA of $27.3 Million up $6.3 Million Year Over YearAdjusted Net Income Was $2.6 Million up $2.5 Million Year Over Year","length":245,"tagName":"p","attribs":{}},{"type":"text","content":"Strategic framework execution resulted in robust first-quarter net sales growth. Due to the strong performance in our core business during the first quarter, we are maintaining our full-year 2025 guidance, excluding any potential impacts from tariffs.","length":251,"tagName":"p","attribs":{}},{"type":"text","content":"BOWLING GREEN, Ky., May 07, 2025--(BUSINESS WIRE)--Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its first quarter ended March 30, 2025.","length":226,"tagName":"p"},{"type":"text","content":"First Quarter Highlights vs. Prior Year Period","length":46,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Sales decreased (3.5%) to $153.0 million compared to $158.6 million last year","length":81,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Core business Net Sales for the first quarter of 2025 grew by 3.3% compared to the first quarter of 2024 after excluding non-core business1 of approximately $10.5 million related to divestitures and strategic product rationalization sales from net sales for the first quarter of 2024","length":283,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":283,"olType":false}]},{"val":[{"type":"text","content":"Net Income was $2.8 million, or $0.02 per diluted share, compared to $3.7 million, or $0.03 per diluted share, last year","length":120,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Cash Used in Operating Activities was $7.8 million compared to Net Cash Provided by Operating Activities of $18.8 million last year","length":135,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Net Income2 was $2.6 million compared to $0.1 million last year","length":72,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA2 was $27.3 million compared to $21.0 million last year","length":70,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Fre...

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