Holley (US:HLLY) Globenewswire·2025-11-07 12:30Core Business Growth - Holley Performance Brands reported its third consecutive quarter of core business net sales growth, achieving a 6.4% increase compared to the same period last year [5][7][8] - The overall net sales for the third quarter of 2025 increased by 3.2% to $138.4 million from $134.0 million in the prior year [7][8] Financial Performance - The company generated a net loss of $(0.8) million, or $(0.01) per diluted share, significantly improved from a net loss of $(6.3) million, or $(0.05) per diluted share, in the previous year [7][19] - Adjusted EBITDA rose to $27.1 million, up from $22.1 million year-over-year, reflecting strong operational performance [7][19] - Free Cash Flow for the quarter was $5.5 million, a notable improvement of over $7 million compared to the previous year [5][7] Debt Management - Holley prepaid an additional $15 million of debt in the third quarter, bringing total repayments to $100 million since September 2023, resulting in a leverage ratio of 3.9x, the lowest since 2022 [5][7] Strategic Initiatives - The company’s strategic framework contributed approximately $27.8 million in revenue from key initiatives during the third quarter [8] - Holley experienced growth across 17 brands and all divisions, with a 7.3% increase in B2B channel sales and a 4.2% growth in direct-to-consumer (DTC) orders [13][8] Outlook - Holley has refined its full-year guidance for 2025, projecting net sales between $590 million and $605 million, representing a year-over-year growth of 2.5% to 5.1% [9][10] - Adjusted EBITDA guidance for the full year is set between $120 million and $127 million [9]