Holley Inc.

Holley Performance Brands announced the divestiture of its Scott Drake and Brothers Trucks brands to CJ Pony Parts, a portfolio company of Century Park Capital Partners. This strategic move allows Holley to reduce complexity and concentrate resources on its core performance verticals. CJ Pony Parts, which previously acquired American Powertrain in 2024, plans to leverage its marketing and fulfillment capabilities to grow both direct-to-consumer and wholesale channels for the newly acquired brands.

Holley Performance Brands announced it will release its second quarter 2026 financial results before market open on Wednesday, August 5, 2026. The company will host a conference call and live webcast on the same day at 8:30 am Eastern Time to discuss the results. The call will be hosted by President and CEO Matthew Stevenson and CFO Jesse Weaver, with replay options available.

Holley Inc. announced an additional $15 million voluntary prepayment of its first lien term loan facility. This action brings the total debt repaid by the company to $115 million since September 2023, all funded through free cash flow. The company expects these debt reduction efforts to generate over $4.5 million in annualized interest savings and aims to lower net leverage to below 3.5x by year-end.

Holley Performance Brands announced an additional $15 million voluntary prepayment of debt, bringing the total debt repaid to $115 million since September 2023. This deleveraging, funded entirely by free cash flow, is expected to generate over $4.5 million in annualized interest savings. The company aims to reduce its net leverage from a peak of 5.67x to below 3.5x by year-end, emphasizing prudent financial management and operational execution.

Holley Performance Brands announced that its senior management will participate in the William Blair Growth Stock Conference on June 3, 2026, in Chicago, IL. The event will include a company presentation and a breakout session, with management also conducting one-on-one meetings with investors. Presentation materials and a webcast will be accessible on the company's investor relations website.

Holley Performance Brands announced that HRX driver Felix Rosenqvist won the 110th Indianapolis 500, marking a significant achievement for the HRX brand. This victory, achieved by the closest margin in race history, enhances HRX's visibility in global motorsports and reinforces its strategic value within Holley's Safety & Racing portfolio. Holley acquired HRX in March 2026 to expand its racewear capabilities and strengthen its position in European and international motorsports markets.

Holley Performance Brands announced that its Board of Directors has approved a share repurchase program, authorizing the company to repurchase up to $25 million of its outstanding common stock. The company believes its share price does not fully reflect its operational strength and business trajectory, citing significant improvements including a $100 million debt reduction, expanded margins, and a stronger leadership team. This program completes a three-pronged capital allocation framework that also includes opportunistic debt reduction and accretive acquisitions, with repurchases to be executed opportunistically and consistent with its commitment to achieve net leverage below 3.5x by year-end.

Holley Inc. announced the appointment of Sarah Apple as Senior Vice President, General Counsel, and Secretary, effective May 15, 2026. Ms. Apple, who joined as a senior advisor on April 27, 2026, succeeds Carly Kennedy, who departed the company. Her compensation package includes a $25,000 signing bonus, an annual base salary of $350,000, eligibility for an annual bonus up to 100% of her base salary, and annual equity awards valued at 75% of her base salary. The company will also cover her relocation expenses to Nashville.

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.

Holley Inc. acquired HRX S.r.l., an Italian motorsports racewear brand, on March 18, 2026, expanding its European motorsports presence. For the thirteen weeks ended March 29, 2026, the company reported a significant increase in net income to $7.26 million, up from $2.82 million in the prior year. Net sales, however, decreased to $147.33 million from $153.04 million. The company also noted ongoing efforts to mitigate impacts from tariffs, inflation, and supply chain disruptions.