Holley Inc. Announces $25 Million Share Repurchase Program

Holley Inc. announced that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $25 million of its outstanding common stock. This initiative reflects the Board's confidence in the Company's operational transformation and long-term outlook. The repurchases will be made opportunistically through various methods, including open market transactions, in compliance with applicable securities laws. The program has no time limit and does not mandate a minimum repurchase amount, allowing for modification, suspension, or discontinuation at any time. This program complements the Company's capital allocation strategy, which includes opportunistic debt reduction and accretive acquisitions. Holley reaffirmed its commitment to achieving a year-end net leverage ratio below 3.5x. The company highlighted its progress in reducing debt by approximately $100 million, expanding Adjusted EBITDA margins, strengthening its leadership team, and repositioning its brand portfolio.