HLLY Holley Inc.
Price Chart
Executive Summary
Holley reported Q1 2026 net sales of $147.3M, down 3.7% YoY from $153.0M, but net income rose to $7.3M ($0.06/diluted share) from $2.8M ($0.02) last year. Adjusted EBITDA was flat at $27.3M with margin expansion to 18.5% (up 71 bps). Full-year 2026 revenue guidance was lowered by $15M to $610-$640M due to portfolio optimization, but core business growth rate (2-7%) and Adjusted EBITDA guidance ($127-$137M) were maintained.
Key Financial Metrics
Actionable Insight
Revenue miss and guidance cut are negatives, but maintained EBITDA guidance and margin expansion provide a floor. Watch Q2 order trends and portfolio optimization execution — if core business growth materializes, the stock could recover; further weakness in distributor orders would confirm the bear case.
Key Facts
- Q1 2026 net sales of $147.3M, down 3.7% YoY from $153.0M
- Net income of $7.3M ($0.06/diluted) vs $2.8M ($0.02) YoY — up 157.6%
- Adjusted EBITDA flat at $27.3M; margin expanded 71 bps to 18.5%
- Full-year 2026 revenue guidance lowered by $15M to $610-$640M (from $625-$655M)
- Core business growth rate (2-7%) and Adjusted EBITDA guidance ($127-$137M) maintained
- Portfolio optimization expected to reduce SKUs by >11,000 and generate >$15M in incremental cash
- Acquired HRX (bolt-on racewear) — re-engagement of M&A strategy
- Bank-adjusted EBITDA leverage ratio increased to 3.84x from 3.75x at year-end 2025
- Free cash flow improved to -$6.3M from -$10.8M YoY
Financial Impact
Revenue guidance cut by $15M; Adjusted EBITDA guidance unchanged; net income improved $4.4M YoY
Risk Factors
- Revenue decline of 3.7% YoY — first quarter of negative growth after prior quarter's 10.9% gain
- Full-year revenue guidance cut by $15M due to portfolio optimization
- Leverage ratio increased to 3.84x from 3.75x — moving away from 4.0x target
- Restructuring costs up 89% YoY to $875K
- Free cash flow remains negative at -$6.3M
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001822928-26-000018 |
| Document: hlly-20260506.htm | 0001822928-26-000018 |
| Document: 0001822928-26-000018-index-headers.html | 0001822928-26-000018 |
| Document: 0001822928-26-000018-index.html | 0001822928-26-000018 |
| Document: 0001822928-26-000018.txt | 0001822928-26-000018 |
| 8-K Data (Synthetic) | 0001822928-26-000018 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 26, 2026
18d ago
|
8-K
| — | awaiting T+20 | — | — |
|
May 6, 2026
5w ago
|
8-K
| — | awaiting T+20 | — | — |
|
May 6, 2026
5w ago
|
Press Release
| $2.87 $2.59 | ▲ +9.76% | ▲ +12.54% | $2.55 (+11.15%) |
|
Apr 23, 2026
7w ago
|
Press Release
| $3.37 $2.49 | ▼ −26.11% | ▼ −30.75% | $2.55 (−24.33%) |
|
Apr 22, 2026
7w ago
|
Press Release
| $3.32 $2.46 | ▼ −25.90% | ▼ −29.07% | $2.55 (−23.19%) |
|
Apr 8, 2026
9w ago
|
8-K
| — | awaiting T+20 | — | — |
|
Mar 20, 2026
12w ago
|
Press Release
| $2.72 $3.39 | ▲ +24.63% | ▲ +15.31% | $2.55 (−6.25%) |
|
Mar 20, 2026
12w ago
|
DEFA14A
| $2.72 $3.39 | ▲ +24.63% | ▲ +15.31% | $2.55 (−6.25%) |
|
Mar 4, 2026
14w ago
|
Press Release
| $3.46 $3.13 | ▼ −9.54% | ▼ −5.12% | $2.55 (−26.30%) |
US Market Status
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