Holley Inc. (HLLY)
Holley Inc. (HLLY) is a manufacturer and distributor of automotive performance products and accessories. The company specializes in engine management systems, fuel systems, and other aftermarket parts aimed at automotive enthusiasts and professionals. Holley has a long history in the automotive industry, focusing on innovative, high-performance solutions for street and racing applications.
Company News
Holley Performance Brands is conducting a secondary offering of 14,000,000 shares at $2.75 per share, with proceeds going to the selling stockholder controlled by Sentinel Capital Partners. The offering is expected to close on September 12, 2025.
Holley Performance Brands announced a secondary offering of 14,000,000 shares of common stock by a selling stockholder controlled by Sentinel Capital Partners. The company will not receive proceeds from this offering, with J.P. Morgan and Jefferies acting as lead managers.
Holley (HLLY) delivered earnings and revenue surprises of -100% and 1.93%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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The company raised full-year guidance as the auto parts industry recovers.