{"id":966665,"date":"2026-05-26T07:04:38","date_gmt":"2026-05-26T11:04:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/holley-performance-brands-announces-share-repurchase-program-of-up-to-25-million\/"},"modified":"2026-05-26T07:04:38","modified_gmt":"2026-05-26T11:04:38","slug":"holley-performance-brands-announces-share-repurchase-program-of-up-to-25-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/holley-performance-brands-announces-share-repurchase-program-of-up-to-25-million\/","title":{"rendered":"Holley Performance Brands Announces Share Repurchase Program of Up to $25 Million"},"content":{"rendered":"

\nReflects Board Confidence in the Company\u2019s Operational Transformation and Long-Term Outlook; Company Reaffirms Commitment to Year-End Net Leverage Below 3.5x
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NASHVILLE, Tenn., May 26, 2026 (GLOBE NEWSWIRE) — Holley Performance Brands (NYSE: HLLY), home to a portfolio of iconic automotive brands serving enthusiasts across the high-performance aftermarket, today announced that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $25 million of the Company\u2019s outstanding common stock.<\/p>\n

\u201cWe believe that Holley today is a fundamentally stronger, more focused, and more profitable company than it was just a few years ago. We have expanded margins, generated meaningful free cash flow, reduced debt by approximately $100 million, repositioned the portfolio toward higher-return brands, and built a deeper and more experienced leadership team. Even with that progress, we believe our share price does not fully reflect the strength of our operating model or the trajectory of the business,\u201d said Matthew Stevenson, President and CEO of Holley Performance Brands. \u201cThis repurchase program completes a three-pronged capital allocation framework that now spans opportunistic debt reduction, accretive acquisitions of complementary brands at attractive valuations, and opportunistic repurchases of our own shares. We will pursue each with the same discipline, deploying capital where we believe it will generate the highest return at a given point in time. Our commitment to reach year-end net leverage below 3.5x remains firm.\u201d<\/p>\n

Under the repurchase program, the Company may repurchase shares from time to time on the open market, in privately negotiated transactions or in any other manner that complies with applicable securities laws, subject to market conditions, applicable legal requirements, and other factors. Open-market repurchases are expected to be conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase program has no time limit and does not obligate the Company to repurchase a minimum number of shares and may be modified, suspended, or discontinued at any time without notice. The Company intends to execute repurchases opportunistically, paced against free cash flow generation and consistent with its commitment to reach net leverage below 3.5x by year-end.<\/p>\n

\n A Fundamentally Stronger Business<\/strong>\n <\/p>\n

The repurchase program authorization follows a multi-year period of operational and financial transformation. During this period, Holley has:<\/p>\n