NYSE$HLLY
Holley Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Holley reported first quarter results with net sales of $158.6 million and continued organizational transformation.
Holley Performance Brands reported a decrease in net sales to $158.6 million compared to $172.2 million in the prior year period. Net income was $3.7 million, a slight decrease from $4.2 million year-over-year. The company paid down $15 million of debt and improved free cash flow generation by $15 million year-over-year. Holley is reiterating its full year 2024 outlook and providing Q2 outlook.
- Net sales decreased by 7.9% to $158.6 million compared to the prior year.
- Net income was $3.7 million, or $0.03 per diluted share, compared to $4.2 million, or $0.04 per diluted share, last year.
- The company paid down $15 million of debt and improved free cash flow generation by $15 million year-over-year.
- Holley initiated a strategic rebranding to Holley Performance Brands.
Headline financials
Revenue & EPS history
Holley · Revenue · Quarterly
$159M
Forward guidance
Holley is providing the following outlook for the second quarter and full-year 2024:
Tailwinds
- Net Sales: $165 - $175 million (Q2 2024 Outlook)
- Net Sales: $640 - $680 million (Full Year 2024 Outlook)
- Adjusted EBITDA: $34 - $40 million (Q2 2024 Outlook)
- Adjusted EBITDA: $125 - $145 million (Full Year 2024 Outlook)
- Bank-adjusted EBITDA Leverage Ratio: 4.0x - 3.5x (Full Year 2024 Outlook)
Headwinds
- Capital Expenditures: $8 - $12 million (Full Year 2024 Outlook)
- Depreciation and Amortization Expense: $24 - $26 million (Full Year 2024 Outlook)
- Interest Expense: $50 - $55 million (Full Year 2024 Outlook)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+5.4%
Avg return
Earnings day
+4.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+49.5%
Q4 2022
Best reaction
-14.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.0% | -17.6% | -22.4% | |
| Q4 2025 | -12.7% | -16.2% | -22.3% | |
| Q3 2025 | +36.8% | +41.0% | +57.5% | |
| Q1 2025 | -14.6% | +7.2% | +2.4% | |
| Q4 2024 | +24.2% | +0.4% | -4.2% | |
| Q3 2024 | +3.6% | -1.1% | -0.4% | |
| Q2 2024 | -8.2% | -12.3% | -9.6% | |
| Q1 2024 | -3.6% | -5.8% | -13.4% | |
| Q4 2023 | -11.5% | -13.0% | -8.0% | |
| Q3 2023 | -14.0% | -11.8% | +0.5% | |
| Q2 2023 | +27.2% | +18.0% | -15.3% | |
| Q1 2023 | +18.5% | +15.8% | +36.3% | |
| Q4 2022 | +49.5% | +48.0% | +14.6% | |
| Q3 2022 | -4.7% | -6.5% | -23.4% | |
| Q2 2022 | +1.2% | -1.7% | -7.9% | |
| Q1 2022 | +14.2% | +20.9% | +20.0% | |
| Q4 2019 | +8.9% | +5.4% | +1.3% | |
| Q4 2021 | +7.4% | +4.3% | +7.2% | |
| Q3 2021 | +7.1% | +11.3% | +2.7% | |
| Q2 2021 | +1.1% | -2.0% | +4.2% | |
| Q1 2021 | +0.0% | +0.0% | +2.2% | |
| Q4 2020 | +0.3% | +4.3% | +0.8% | |
| Q3 2020 | — | — | — |
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