Holley Approves $25M Share Buyback, Eyes Sub-3.5x Net Leverage Target
HLLY•Holley Performance Brands’ board approved up to $25 million in share repurchases to be conducted opportunistically via open-market or private transactions with no set minimum or expiration. The plan follows a $100 million debt reduction, expanded adjusted EBITDA margins and a commitment to reach sub-3.5x net leverage by year-end.
1. Share Repurchase Program Details
Holley Performance Brands’ board authorized repurchases of up to $25 million of its outstanding common stock, to be executed opportunistically on the open market or through private transactions. The program has no set minimum or expiration and may be modified, suspended or discontinued based on market conditions and legal requirements.
2. Operational and Financial Transformation
Since initiating its multi-year transformation, Holley has reduced debt by approximately $100 million, expanded adjusted EBITDA margins through pricing discipline and cost actions, and generated meaningful free cash flow. The company has also strengthened its leadership team and realigned its portfolio toward higher-return brands.
3. Capital Allocation Framework and Leverage Commitment
The share buyback program complements a three-pronged capital allocation strategy prioritizing opportunistic debt reduction, accretive acquisitions and share repurchases. Holley maintains a firm commitment to achieve a net leverage ratio below 3.5x by year-end, deploying capital where it can generate the highest return.
