Holley | Jotup

Holley Reports Third Quarter 2023 Results

Retrieved on:

Wednesday, November 8, 2023

Aftermarket, Retail, Automotive, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Specialty, Trust, Growth, Inc., NYSE, Holley, Security (finance), Bank

Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced financial results for its third quarter ended October 1, 2023.

Key Points:

Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced financial results for its third quarter ended October 1, 2023.
Gross Profit increased 20.6% to $58.4 million compared to $48.4 million last year, and gross margin was 37.3% compared to 31.3% last year
Net Income was $0.8 million, or $0.01 per diluted share, compared to $31.6 million, or $0.27 per diluted share, last year
1See “Use and Reconciliation of Non-GAAP Financial Measures” below.
“Holley delivered strong third quarter results, highlighted by a return to top-line growth and marked improvement in key profitability metrics,” said Matthew Stevenson, Holley’s President and Chief Executive Officer.
“Additionally, in an effort to strategically align our brand and business portfolio with the emerging needs of our customer, we established seven distinct product category teams.

Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Holley Inc. (HLLY) f/k/a Empower Ltd.

Retrieved on:

Tuesday, November 7, 2023

Complaint, Weather, NYSE, Person, Empower, Disclosure, Acquisition, Holley, Growth, LLP, DTC, SAN, Security (finance)

SAN DIEGO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action lawsuit on behalf of persons who purchased or otherwise acquired Holley Inc. (NYSE: HLLY) securities between July 21, 2021 and February 6, 2023.

Key Points:

SAN DIEGO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action lawsuit on behalf of persons who purchased or otherwise acquired Holley Inc. (NYSE: HLLY) securities between July 21, 2021 and February 6, 2023.
For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Holley Inc. Shareholders who want to act as lead plaintiff for the class should contact Robbins LLP.
A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Summit Racing's Project 1000

Retrieved on:

Thursday, October 19, 2023

Ignition, Harland, Stroke, Melling, TPS, Chevrolet Performance, CNC, MAP, Atmosphere, Holley, Aluminium, Summit, Torque, Dorman, Steel, Nitrous oxide, Chevrolet, ARP, ICT, GenX, NGK, Delphi, Acceleration, Hydraulic machinery

The Summit Racing™ Pro LS Pistons are forged from 2618 aluminum alloy to handle big boost and nitrous.

Key Points:

The Summit Racing™ Pro LS Pistons are forged from 2618 aluminum alloy to handle big boost and nitrous.
The combo also includes an ARP oil pump bolt and windage tray bolts; a Summit Racing™ Extended Life Oil Filter; and seven quarts of 10W-30 Summit Racing™ ZDDP Performance Motor Oil.
Spark is provided by a set of 40,000-volt Summit Racing™ High Output Ignition Coils, Summit Racing™ Ceramic Ignition Wires with ceramic-coated boots, and NGK spark plugs.
We used a Holley Dominator EFI Vehicle Management System to tune and control Project 1000.

Holley Inc. to Release Third Quarter 2023 Results on November 8, 2023

Retrieved on:

Wednesday, October 25, 2023

Motor Sports, Aftermarket, Sports, Automotive, Entertainment, Automotive Manufacturing, Manufacturing, Events, Concerts, Performance & Special Interest, Inc., NYSE, Holley, Eastern Time Zone, Cryptocurrency

Holley Inc. (NYSE: HLLY ), the leading consumer platform for automotive performance enthusiasts, today announced the date for the release of its third quarter 2023 financial results.

Key Points:

Holley Inc. (NYSE: HLLY ), the leading consumer platform for automotive performance enthusiasts, today announced the date for the release of its third quarter 2023 financial results.
Holley will host a conference call and live webcast on Wednesday, November 8, 2023, at 8:30 am (Eastern Time) to discuss the Company’s third quarter 2023 financial results.
The Company’s earnings release and presentation for the third quarter 2023 will be issued before the market opens on Wednesday, November 8, 2023, and will be available on the Investor Relations page of the Company’s website at investor.holley.com .
Hosting the call will be Holley Inc. President and Chief Executive Officer, Matthew Stevenson, and Chief Financial Officer, Jesse Weaver.

Holley Celebrates Record-Setting Season of Automotive Enthusiast Events

Retrieved on:

Wednesday, October 4, 2023

Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced the completion of a record-setting season of consumer-focused, experiential marketing events.

Key Points:

Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced the completion of a record-setting season of consumer-focused, experiential marketing events.
Encompassing five multi-day festivals, Holley shattered previous attendance records at each event, engaging more than 100,000 builders, racers and enthusiasts across the season.
Since then, the consumer engagement program has expanded to include Holley LS Fest West, Holley LS Fest Texas, Holley MoParty, Holley Ford Festival and Holley Jeep Experience.
These efforts, combined with continued operational and organizational enhancements, illustrate why Holley is a leader in automotive aftermarket solutions with tremendous growth potential.

Holley Announces $25 Million Debt Paydown in Line With Stated Financial Priorities

Retrieved on:

Friday, September 29, 2023

Vehicle Technology, Engineering, Automotive, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Holley, Public expenditure, Inc., Acquisition, Hand, NYSE, Bank

Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced it paid down $25 million in principal against its first lien term loan facility.

Key Points:

Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced it paid down $25 million in principal against its first lien term loan facility.
Accretive to earnings, the paydown aligns with leadership’s commitment to reduce leverage against Holley’s balance sheet as it executes its operational improvement plan which includes restoring profitability, improving free cash flow, and optimizing working capital.
This debt reduction against Holley’s first lien term loan facility was completed through an opportunistic repurchase of $14 million at a discount to par through late-September, while the remaining $11 million was a voluntary prepayment of the outstanding borrowing.
“This $25 million debt paydown is directly in line with Holley’s commitment to prioritize near-term cash flow for debt reduction and position the company comfortably below amended covenant ranges.”

HLLY Shareholder News: Johnson Fistel Encourages Holley Inc. f/k/a Empower Ltd Shareholders with Losses to Contact the Firm Regarding Investigation

Retrieved on:

Thursday, September 7, 2023

SPAC, Holley, LLP, NYSE, SAN

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points:

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
If you purchased Holley common stock and suffered significant losses on your investment, join our investigation now:
There is no cost or obligation to you.
The investigation pertains to whether Holley and certain executives misrepresented or failed to timely disclose material and adverse information to investors.
Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.

Holley Inc. to Release Second Quarter 2023 Results on August 10, 2023

Retrieved on:

Thursday, July 27, 2023

Retail, Automotive, General Automotive, Other Automotive, Performance & Special Interest, Specialty, Holley, Inc., NYSE, Eastern Time Zone

Holley Inc. (NYSE: HLLY ), the leading platform serving performance automotive enthusiasts, today announced the date for the release of its second quarter 2023 financial results.

Key Points:

Holley Inc. (NYSE: HLLY ), the leading platform serving performance automotive enthusiasts, today announced the date for the release of its second quarter 2023 financial results.
Holley will host a conference call and live webcast on Thursday, August 10, 2023, at 8:30 am (Eastern Time) to discuss the Company’s second quarter 2023 financial results.
The Company’s earnings release for the second quarter 2023 will be issued before the market opens on Thursday, August 10, 2023, and will be available on the Investor Relations page of the Company’s website at investor.holley.com .
Hosting the call with be Holley Inc. President and Chief Executive Officer, Matthew Stevenson, and Chief Financial Officer, Jesse Weaver.

Holley Hunt Joins AITX's Subsidiary, Robotic Assistance Devices, as Vice President of Strategic Partnerships

Retrieved on:

Monday, June 12, 2023

Holley, Security Industry Association, RAD, Woman, Appetite, Security, Strategic partnership, The Company, Fortune 500, ASIS International, Artificial intelligence, Growth, AI, Robotics, Medical device, Hunting

“We welcome Holley to the RAD team," said Steve Reinharz, CEO of AITX and RAD.

Key Points:

“We welcome Holley to the RAD team," said Steve Reinharz, CEO of AITX and RAD.
“Her years in the security industry providing solutions to Fortune 500 clients provides us with the benefit of her impressive experience and relationships.
We are excited to have her make an immediate impact on expansion and be a part of the significant growth we expect."
Hunt is expected to play a significant role in driving business growth and expanding the Company's reach.

Buffalo Soldiers: Fighting on Two Fronts coming to PBS & World Channel this Juneteenth

Retrieved on:

Wednesday, May 24, 2023

BOSTON, May 24, 2023 /PRNewswire-PRWeb/ -- PBS and WORLD Channel announced today the presentation of Buffalo Soldiers: Fighting on Two Fronts, an award-winning documentary feature that explores the complex history of Black soldiers in the United States military. Director and producer Dru Holley weaves together the testimony of historians, experts and descendants of Buffalo Soldiers with archival photographs, reenactments and animation to tell the story of how newly free Black Americans enlisted in the U.S. Army, a reliable path to income and greater respect, and in the process helped to both fulfill America's Manifest Destiny and disrupted the lives of Indigenous peoples.

Key Points:

PBS and WORLD Channel to Explore the History of Black Soldiers in America with Buffalo Soldiers: Fighting on Two Fronts.
BOSTON, May 24, 2023 /PRNewswire-PRWeb/ -- PBS and WORLD Channel announced today the presentation of Buffalo Soldiers: Fighting on Two Fronts, an award-winning documentary feature that explores the complex history of Black soldiers in the United States military.
Buffalo Soldiers: Fighting on Two Fronts will premiere Monday, June 12 at 10pm ET on PBS and Monday, June 19 at 8pm ET on WORLD Channel's Local, USA series.
The film will be available to stream on the PBS app, WORLDChannel.org , YouTube and on the PBS Documentaries Prime Video Channel.