Holley IncHLLY
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Q2 sales growth, adjusted net income more than doubled, strong free cash flow, and reduced leverage.
Impact on stocks 1
Consumer Discretionary
Holley IncHolley reported second quarter 2026 net sales of $172 million, up 3.2% year-over-year, with core sales growing 4.9% and three of its four divisions delivering double-digit core growth. The company completed the divestiture of its non-core restoration brands, including Brothers Trucks and Scott Drake, resulting in a GAAP net loss of $2.4 million for the quarter, but adjusted net income more than doubled to $24 million from $10.6 million a year earlier. Holley generated $40.9 million in free cash flow, reduced leverage to 3.74x, its lowest level in four years, and repurchased approximately $2 million of common stock. Management reaffirmed full-year 2026 guidance, citing normalized channel inventories, $12 million in new national retailer placements for the third quarter, and a robust product pipeline.
Holley IncQ2 sales growth, adjusted net income more than doubled, strong free cash flow, and reduced leverage.