Holley Inc. reported its financial results for the third quarter of fiscal 2025, revealing a net sales increase of 3.2% to $138.4 million compared to $134.0 million in the same period last year. The company achieved a gross profit of $59.8 million, reflecting a 14.4% increase from $52.3 million in the prior year, resulting in a gross margin of 43.2%, up from 39.0%. However, Holley recorded a net loss of $0.8 million for the quarter, a significant improvement from a loss of $6.3 million in the same quarter of 2024. The company attributed the improved gross profit to better pricing strategies and operational efficiencies.
In the nine-month period ending September 28, 2025, Holley’s net sales decreased slightly by 0.9% to $458.1 million from $462.2 million in the previous year. The decline was primarily due to lower sales volume, which was partially offset by improved pricing realization. The cost of goods sold also decreased by 8.0% to $264.6 million, contributing to a gross profit increase of 10.8% to $193.5 million. Operating income for the nine-month period rose by 43.7% to $62.7 million, compared to $43.6 million in the prior year.
Strategically, Holley has focused on product rationalization and divestitures, which included the sale of certain business units. The company has also made significant investments in acquiring a perpetual license agreement with Cataclean for $23.8 million, which is expected to enhance its product offerings. Holley continues to explore opportunities for strategic acquisitions to expand its market presence and product portfolio.
Operationally, Holley reported an increase in selling, general, and administrative expenses, which rose to $33.5 million for the quarter, driven by higher salaries and legal fees. The company’s employee headcount has remained stable, with a focus on enhancing its workforce to support growth initiatives. As of September 28, 2025, Holley had cash and cash equivalents of $50.7 million and availability of $97.5 million under its revolving credit facility, indicating a solid liquidity position.
Looking ahead, Holley remains cautious about the impact of macroeconomic conditions, including inflation and supply chain disruptions, on its business. The company is actively implementing cost-saving measures and monitoring international trade developments, particularly regarding tariffs, to mitigate potential adverse effects on profitability. Holley’s management believes that its current operating performance and liquidity will be sufficient to meet its capital expenditure requirements and support ongoing business operations in the foreseeable future.
About Holley Inc.
Holley Inc. designs, manufactures, and distributes high-performance automotive aftermarket products, including carburetors, fuel systems, exhausts, and engine components. Serving car enthusiasts primarily in the U.S., Canada, and Europe, it leverages strong brands and innovative R&D to drive growth across multiple consumer verticals. Its business model emphasizes brand reputation, product innovation, omni-channel distribution, and community engagement to maintain market leadership.
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