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Holley (HLLY)
NYSE:HLLY
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
>-$0.01Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 0.00%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with strong operational improvements and digital growth being offset by declines in net sales, negative cash flow, and challenging market conditions.Company Guidance
During Holley's Q3 2024 earnings call, the company provided guidance for the fourth quarter and full year 2024, aligning expectations around the lower end of their previous outlook due to continued softness in the performance aftermarket. For the full year, Holley expects net sales to range between $595 million and $605 million, with adjusted EBITDA anticipated between $115 million and $120 million. For Q4, net sales are projected to be between $133 million and $143 million, and adjusted EBITDA is expected to range from $24 million to $29 million. The company continues to focus on restoring historical profitability, improving free cash flow, optimizing working capital, and reducing debt. Despite market headwinds, Holley remains confident in its transformative growth strategy and aims to achieve long-term targets of 40% gross margin and over 20% EBITDA margin on an annualized basis.Digital and Consumer Experience Growth
Direct-to-consumer business saw substantial year-over-year growth, with a 110% lift in direct-to-consumer sales during event periods.
Operational Improvements
Achieved a 55% year-over-year reduction in past due, saved $2.5 million in Q3 and $6.7 million year-to-date from cost-saving initiatives.
Gross Margin Expansion
Adjusted gross margins increased by 170 basis points year-over-year, reaching 39%.
Attendance and Engagement Success
LS Fest East event attracted approximately 45,000 enthusiasts, up from last year, generating $2 million in media value.
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HLLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HLLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $2.76 | $2.76 | 0.00% |
| Aug 07, 2024 | $3.42 | $3.20 | -6.43% |
| May 08, 2024 | $4.17 | $4.08 | -2.16% |
| Feb 28, 2024 | $4.85 | $4.31 | -11.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Holley (HLLY) report earnings?
Holley (HLLY) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Holley (HLLY) earnings time?
Holley (HLLY) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLLY EPS forecast?
HLLY EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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