Holley Misses Q2 Sales by a Hair, Reiterates 2026 Outlook
HLLY sits 43% above its 52-week low of $1.98.
Summary
Holley's Q2 sales of $172M came in just shy of the $172.6M consensus, a negligible miss. The bottom line swung to a net loss of $2.4M, dragged by a $28.3M loss on the sale of non-core restoration brands—a portfolio cleanup that simplifies the business. Management reaffirmed full-year 2026 guidance for net sales of $610M-$640M and adjusted EBITDA of $127M-$137M, signaling confidence in the core growth story. The company also bought back $2M in shares under its existing $25M repurchase program, a modest show of capital discipline. With three of four segments growing and leverage expected below 3.5x by year-end, the slight top-line miss doesn't derail the thesis, but the asset-sale noise and lack of a guidance raise keep this from being a clear positive.
At the time of this announcement, HLLY was trading at $2.83 on NYSE in the Trade & Services sector, with a market capitalization of approximately $340.6M. The 52-week trading range was $1.98 to $4.48. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.