Holley Q1 sales up 24.8% to $200.1M; net income of $16.9M vs year-ago loss

Holley Inc.

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

Net sales rose 24.8% to $200.1M from $160.3M; gross profit up 25.9% to $82.7M.
Diluted EPS of $0.15 vs $(0.03) loss in Q1 2021; adjusted net income $21.5M.
Adjusted EBITDA increased to $46.0M from $43.8M in prior year.
Company reaffirms full-year 2022 outlook; consumer demand strength cited.
Stockholders elected directors Michelle Gloeckler and Anita Sehgal; auditor ratified.

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