Holley reports preliminary Q1 net sales $199-200M, net income $16-17M; launches secondary offering of 6.5M shares

Holley Inc.

2022-Q1 EPS reported $0.15 revenue$200,055,000

Preliminary Net Sales of $199M-$200M, Gross Profit $81M-$82M, Net Income $16M-$17M, Adjusted EBITDA $45M-$46M.
Secondary offering of 6,500,000 shares by selling stockholder Holley Parent Holdings, LLC; underwriters have 30-day option for 975,000 additional shares.
Company will receive no proceeds from the secondary offering; selling stockholder gets all net proceeds.
Jefferies, J.P. Morgan and BofA Securities are lead book-running managers for the offering.
Preliminary results are unaudited and subject to completion of financial closing procedures.

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