Quarterly ResultMay 6, 2026, 07:42 AM
Holley Q1 Net Income $7.3M, up 157.6%; Adj. EBITDA Margin 18.5%
AI Summary
Holley Inc. reported first quarter 2026 financial results, with net income significantly increasing to $7.3 million, up 157.6% year-over-year, and Adjusted EBITDA margin expanding to 18.5%. Despite a 3.7% decline in net sales to $147.3 million, the company demonstrated resilient profitability through disciplined cost control and operational efficiency. Holley also announced a portfolio optimization initiative, which reduces the full-year revenue outlook by $15 million but is expected to be slightly positive for Adjusted EBITDA, which remains unchanged at $127-$137 million. The company also re-engaged its M&A strategy with the acquisition of HRX.
Key Highlights
- Net Income was $7.3 million, up 157.6% from $2.8 million year-over-year.
- Adjusted EBITDA margin expanded to 18.5%, up 71 basis points year-over-year.
- Net Sales were $147.3 million, a decrease of 3.7% from $153.0 million last year.
- Net Cash Used in Operating Activities improved to $2.9 million from $7.8 million year-over-year.
- Free Cash Flow improved to $(6.3) million from $(10.8) million year-over-year.
- Full-year 2026 Net Sales outlook updated to $610-$640 million, a $15 million reduction due to portfolio optimization.
- Full-year 2026 Adjusted EBITDA outlook maintained at $127-$137 million.
- Acquired HRX, expanding racewear capabilities and European motorsports presence.
- Achieved $6.5 million in Q1 cost savings from purchasing, tariffs, and operations.
Price Impact
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