A maker of high-performance automotive parts for car enthusiasts, Holley designs and sells fuel, exhaust, ignition, and safety gear through brands like Holley EFI, MSD, Flowmaster, and Simpson, offering them directly to consumers and through distribution partners. Brothers George and Earl Holley started the company in Bradford, Pennsylvania, and after an 1901 trip to Paris they licensed a French carburetor design that became famous as the "Iron Pot" — a part that powered early Ford Model Ts and Oldsmobiles.
Holley reports Q2 2026 net sales up 3.2% to $172.0M, net loss of $2.4M
Net sales grew 3.2% to $172.0 million in Q2 2026, compared to $166.7 million in the prior-year quarter.
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Net loss was $(2.4) million, or $(0.02) per diluted share, versus net income of $10.9 million, or $0.09 per diluted share, last year.
Adjusted EBITDA was $33.8 million, down from $36.4 million, with adjusted EBITDA margin at 19.6% versus 21.9%.
The company completed the sale of non-core Restoration brands (Scott Drake and Brothers Trucks) and repurchased approximately $2.0 million of common stock.
Full-year 2026 guidance reiterated: core business net sales of $610-$640 million, adjusted EBITDA of $127-$137 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Holley Inc. announces $25 million share repurchase program approved by Board.
Repurchases may be made on the open market, in privately negotiated transactions, or other compliant manners, with open-market purchases expected to follow Rule 10b-18.
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On May 26, 2026, Holley Inc. announced its Board of Directors approved a share repurchase program authorizing up to $25 million of common stock.
The program has no time limit, no minimum purchase obligation, and may be modified, suspended, or discontinued at any time.
The company reaffirmed its commitment to year-end net leverage below 3.5x and noted it has reduced debt by approximately $100 million.
The announcement was made under Item 8.01 (Other Events) and included a press release as Exhibit 99.1.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Holley Inc. appoints Sarah Apple as SVP, General Counsel and Secretary, effective May 15, 2026.
Apple joined the company on April 27, 2026 as a senior advisor to CEO Matthew Stevenson, and succeeds Carly Kennedy, who departed the same day.
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Sarah Apple was appointed Senior Vice President, General Counsel and Secretary of Holley Inc., effective May 15, 2026.
Apple's employment agreement provides an annual base salary of $350,000, a target bonus of 50% of base salary, and a maximum bonus of 100%.
She received a one-time signing bonus of $25,000, subject to repayment if she voluntarily leaves within one year, and will be reimbursed for relocation expenses to Nashville.
The announcement was made via press release on May 15, 2026, and furnished under Item 7.01 and Item 8.01 of Form 8-K.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Holley Inc. reports Q1 2026 net income of $7.3 million, up from $2.8 million year-over-year.
Net sales for the quarter ended March 29, 2026 were $147.3 million, down 3.7% from $153.0 million in the prior-year period.
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Adjusted EBITDA was $27.3 million, flat year-over-year, with margin expanding to 18.5% from 17.8%.
The company updated full-year 2026 net sales guidance to $610-$640 million, reflecting a $15 million reduction from portfolio optimization, while maintaining Adjusted EBITDA guidance of $127-$137 million.
Holley completed the acquisition of HRX, a bolt-on expanding racewear capabilities and European presence.
The company reported $6.5 million in Q1 cost savings from purchasing, tariffs, and operations.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Holley Inc. EVP, General Counsel and Corporate Secretary Carly Kennedy to depart May 15, 2026
Kennedy will remain employed until the Separation Date to support transition, the annual meeting, and SEC reporting obligations.
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Carly Kennedy will leave her role as Executive Vice President, General Counsel and Corporate Secretary after four years with Holley Inc., effective May 15, 2026.
She will receive salary continuation of $164,000 (six months' base salary) plus a potential pro-rated 2026 bonus and pro rata vesting of certain RSUs.
If a change in control occurs within three months of separation, salary continuation increases to $328,000 (12 months' base salary).
The separation is governed by a Separation Agreement and General Release dated April 7, 2026, filed as Exhibit 10.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits