earnings
confidence high
sentiment negative
materiality 0.75
Holley Q2 2022 net sales down 7.1% to $179.4M; adjusted EBITDA falls to $37.2M
Holley Inc.
2022-Q2 EPS reported
$0.31
revenue$379,475,000
- Net sales $179.4M, down 7.1% YoY; gross profit $75.3M, down 7.3%.
- GAAP net income $40.6M ($0.35 diluted) vs $23.1M ($0.34) prior year; adjusted net income $13.2M vs $23.1M.
- Adjusted EBITDA $37.2M vs $54.1M in Q2 2021.
- Headwinds from supply chain disruptions, reseller destocking, and softer demand.