NYSE$HLLY
Holley Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Holley reported Q2 2024 results with net income up 31% year over year and adjusted EBITDA margin up 50bps year over year.
Holley Performance Brands reported second-quarter net sales of $169.5 million. Net income increased to $17.1 million, and the company made progress on deleveraging with a $10 million prepayment. S&P Global Ratings upgraded Holley's debt and credit ratings.
- Net Income was $17.1 million, or $0.14 per diluted share, compared to $13.0 million, or $0.11 per diluted share last year.
- Adjusted Net Income was $12.6 million compared to $16.0 million last year.
- Free Cash Flow was $24.4 million compared to $29.0 million last year.
- Total net inventory reduced to $173.5 million compared to $217.5 million Q2 of last year; inventory turns improved to 2.2x compared to 1.9x last year
Headline financials
Revenue & EPS history
Holley · Revenue · Quarterly
$169M
Forward guidance
Holley is providing the following outlook for the third quarter and full-year 2024:
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 Q2 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro