Holley reports Q4 EPS 32c, consensus 2c

Reports Q4 revenue $140.1M, consensus $137.6M…Adjusted EBITDA was $29.1M compared to $28.5M last year 2024 was an incredibly transformative year for Holley (HLLY), marked by meaningful enhancements across the entire organization,” said Matthew Stevenson, President and Chief Executive Officer of Holley. “We achieved several years’ worth of progress in only twelve months, transforming Holley into a fundamentally more sophisticated organization. Despite operating in a challenging macroeconomic environment for consumers, we are demonstrating significant strides that, we believe, are coming to fruition in several areas of our business.” Stevenson continued, “These efforts translated into several wins in 2024 for Holley, such as DTC and National Retailer growth of 8% and 12%, respectively, and a 75% increase in revenue per SKU for new product launches, eclipsing $100M in eCommerce sales, and growing 16 brands in our portfolio, including power brands such as Stilo, Simpson, Dinan, ADS, and Cataclean. Additionally, we remain deeply engaged with our enthusiast customer base through a series of world-class events, an enhanced social media presence, a dedicated customer engagement center, the launch of a new CRM system, and our solutions-focused approach that distinguishes us in the market as a comprehensive provider for their performance needs. We continue to strengthen our relationships with our distribution partners by developing additional programs and solutions intended to drive increased collaboration and to create growth.”