Holley Q3 net loss of $30.2M despite 19.8% sales growth; reiterates FY2021 guidance

Holley Inc.

2021-Q3 EPS reported -$0.11 revenue$513,046,000

Net sales $159.7M, +19.8% YoY; gross profit $65.2M, +17.4% YoY.
Net loss $(30.2)M ($(0.28)/share) vs net income $13.5M ($0.20) in Q3 2020.
Adjusted net income $13.5M (flat YoY); adjusted EBITDA $35.5M, up from $34.6M.
Record attendance at three Holley consumer events (LS Fest East, MoParty, Ford Festival).
Company reiterates FY2021 net sales guidance $648M-$663M; Pro Forma EBITDA $165M-$170M.

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