Holley Inc (NYSE:HLLY) Q2 2024 Results Conference Call August 7, 2024 8:30 AM ET
Company Participants
Anthony Rozmus - IR
Matt Stevenson - President, CEO & Director
Jesse Weaver - CFO & Head of Information Technology
Conference Call Participants
Christian Carlino - JPMorgan
Joe Altobello - Raymond James
Mike Swartz - Truist Securities
Bret Jordan - Jefferies
Phillip Blee - William Blair
Joe Feldman - Telsey Advisory Group
Brian McNamara - Canaccord Genuity
John Lawrence - The Benchmark Company
Michael Baker - D.A. Davidson
Operator
Good morning, ladies and gentlemen, and welcome to the conference call to discuss Holley's Second Quarter 2024 Earnings Results. [Operator Instructions]
Please be advised that the reproduction of this call, in whole or in part, is not permitted without written authorization of Holley. And as a reminder, this call is being recorded and will be made available for future playback.
I would now like to introduce your host for today's call, Anthony Rozmus with Investor Relations. Please go ahead.
Anthony Rozmus
Good morning, and welcome to Holley's second quarter 2024 earnings conference call. On the call with me today are President and Chief Executive Officer, Matt Stevenson; and Chief Financial Officer, Jesse Weaver. This webcast and the presentation of materials, including non-GAAP reconciliations, are available on our Investor Relations website.
Our discussion today includes forward-looking statements that are based on our best view of the world and our businesses as we see them today and are subject to risks and uncertainties, including the ones described in our SEC filings.
This morning, we will review our financial results for the second quarter and share our guidance for the third quarter and full year 2024. At the conclusion of the prepared remarks, we will open the call up for questions.
With that, I'll turn the call over to our CEO, Matt Stevenson.
Matt Stevenson
Thank you, Anthony. I extend a warm welcome to everyone joining us on the call. Today, I am eager to convey the advancements we've made in activating Holley's growth engine. Your steadfast support and interest are crucial as we navigate our transformation journey, even amidst a market that often conceals our significant progress.
We've also made considerable strides in streamlining operations, cutting non-value-added costs and improving inventory management, all of which are key to strengthening our cash flow and ensuring predictable financial performance.
As we have stated in the past, a pivotal aspect of our transformation is our dedication to elevating and enhancing the organizational capabilities at Holley. Central to this endeavor has been recruiting top-tier talent to spearhead various functions. Our approach of strategically hiring the right individuals has consistently led to measurable performance improvements in their respective areas. We are pleased to announce that the final leadership appointments have been made to complete an exceptionally dynamic team, poised to drive Holley toward our ambition of becoming a multi-billion-dollar enterprise.