Holley Performance Brands reported first-quarter 2025 net sales of $153.0 million, a 3.5% decrease year-over-year. However, the company's core business, excluding divested businesses and strategic product rationalization, achieved a notable 3.3% year-over-year growth.
Net income for the quarter was $2.8 million, compared to $3.7 million in Q1 2024, while Adjusted EBITDA increased by $6.3 million year-over-year to $27.3 million. Adjusted Net Income also saw a significant rise of $2.5 million year-over-year to $2.6 million.
Gross profit margin expanded dramatically to 41.9% from 32.8% in the prior year period, with approximately 200 basis points of this improvement stemming from continuous improvement efforts in labor and overhead efficiency. Direct-to-consumer orders grew over 10%, and the B2B channel saw over 2.5% growth in its Top 50 accounts.
Holley maintained its full-year 2025 guidance, projecting revenue between $580 million and $600 million and Adjusted EBITDA between $113 million and $130 million. This guidance excludes potential tariff impacts, which the company is actively mitigating through strategic sourcing and pricing actions.
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