Holley Vaults on Q2 Results
Holley Performance Brands (NYSE: HLLY) saw its shares move into the stratosphere Wednesday. The Bowling Green, Ky.-based company, claiming to be a leader in automotive aftermarket performance solutions, today announced financial results for its second quarter ended June 29, 2025.
In the quarter, net sales decreased 1.7% to $166.7 million compared to $169.5 million last year
Core business net sales for the second quarter of 2025 grew by 3.9% compared to the second quarter of 2024 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 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.
To quote CEO Matthew Stevenson, "Our team remains focused on executing on our strategic framework, with key progress made in the second quarter. We continue to see strong momentum in our new product launches across all categories in the second quarter which generated roughly $8 million in new product revenue.
“We are continuing to strengthen our partnerships with B2B customers of all sizes, driving meaningful growth across both our B2B and direct-to-consumer channels.”
HLLY shares began Wednesday up 44 cents, or 21.6% to $2.48.
