Holley Performance Brands (NYSE:HLLY) reported mixed fourth-quarter results on Wednesday, with revenue coming in above expectations while earnings fell short of analyst forecasts.
Shares of the company declined 0.76% in after-hours trading following the release.
The automotive aftermarket performance products company posted adjusted earnings per share of $0.04 for the quarter, missing the analyst consensus estimate of $0.08 by $0.04.
Revenue reached $155.4 million, exceeding the forecast of $142.61 million and representing a 10.9% increase from $140.1 million in the same period a year earlier.
After excluding approximately $3.2 million in non-core business sales recorded in the fourth quarter of 2024, core business net sales rose 13.5%. The company noted that this marks the fourth consecutive quarter of growth in its core operations, with expansion across 22 brands and all divisions.
“We delivered a strong year in 2025, achieving the results we set out to accomplish through the execution of our strategic initiatives,” said Matthew Stevenson, President and Chief Executive Officer. “Our focus on operational rigor drove meaningful performance improvements and measurable cost savings across the organization.”
For the full year 2025, Holley reported net sales of $613.5 million, up 1.9% from $602.2 million in 2024. Adjusted EBITDA increased to $124.0 million compared with $110.5 million in the previous year.
The company generated $34.2 million in free cash flow and lowered its leverage ratio to 3.75x from 4.17x at the end of 2024.
Looking ahead, Holley provided fiscal 2026 revenue guidance in the range of $625 million to $655 million. The midpoint of $640 million slightly exceeds the analyst consensus estimate of $631.2 million.
The company also forecast adjusted EBITDA between $127 million and $137 million for the year, with the outlook incorporating expected tariff-related impacts.