Holley Inc. shares surge 23.81% premarket on robust revenue growth, $100M debt reduction, and FY25 sales guidance.

Holley Inc. (HLLY) surged 23.81% in premarket trading, driven by positive financial updates and strategic debt reduction. The company reported third-quarter revenue of $138.373 million, exceeding the $132.36 million consensus, and reaffirmed fiscal year 2025 sales projections slightly above estimates. A $100 million debt reduction since September 2023, targeting $4 million in annualized interest savings, underscored improved balance sheet strength. Analysts highlighted robust gross margins (43%) and adjusted EBITDA guidance of $120M–$127M for FY25, signaling operational efficiency and growth confidence. These developments align with the stock’s upward momentum, supported by technical indicators showing a breakout above key resistance levels. Unrelated news about a funeral home and a basketball player were excluded as irrelevant to the stock’s movement.