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Holley (HLLY) investor relations material
Holley Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Core business net sales grew 6.4% year-over-year in Q3 2025, marking the third consecutive quarter of growth, with net sales up 3.2% to $138.4 million and broad-based gains across all divisions.
Gross profit rose 14.4% to $59.8 million, with gross margin improving to 43.2% from 39.0% year-over-year, reflecting operational efficiencies and reduced warranty claims.
Adjusted EBITDA increased to $27.1 million (19.6% margin), up from $22.1 million (16.5% margin) in Q3 2024, and adjusted net income was $3.3 million, compared to a loss of $0.5 million last year.
Free cash flow improved to $5.5 million in Q3, with year-to-date free cash flow at $30.3 million, supporting accelerated debt repayment.
Net leverage ratio reduced below 4x for the first time since 2022, with $100 million in debt prepaid since September 2023.
Financial highlights
Q3 net sales were $138.4 million, up 3.2% year-over-year; core business sales grew 6.4%.
Gross margin improved to 43.2%, up 422 basis points from the prior year.
Adjusted EBITDA was $27.1 million (19.6% margin), up from $22.1 million (16.5% margin) in Q3 2024.
Adjusted net income was $3.3 million, compared to an adjusted net loss of $0.5 million in Q3 2024.
Free cash flow for the nine months ended September 28, 2025 was $30.3 million.
Outlook and guidance
Full-year 2025 net sales guidance raised to $590–$605 million, representing 2.5%–5.1% year-over-year growth (core business basis).
Adjusted EBITDA guidance increased to $120–$127 million for 2025.
Capital expenditures expected at $10–$14 million; interest expense forecasted at $45–$50 million.
Guidance reflects conservatism due to macroeconomic uncertainty and cautious distributor forecasts.
Liquidity is expected to be sufficient for the next 12 months and beyond, supported by operating performance and available credit.
Elaborate on Q3 inventory reduction drivers
Reconcile pricing realization vs. target
Identify B2B white space growth areas
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Q4 202527 Feb, 2026
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Frequently asked questions
Holley Inc. is a company that designs, manufactures, and markets automotive performance products for car enthusiasts. The company's product portfolio includes fuel injection systems, exhaust systems, engine components, and other performance-enhancing parts. Holley serves the aftermarket automotive sector, providing products for racing, street performance, and restoration vehicles. The company is headquartered in Bowling Green, Kentucky, and its shares are listed on the NYSE.
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