---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027270"
form_type: "8-K"
ticker: "HLLY"
cik: "0001822928"
company_name: "Holley Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:03:53.336454+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Holley reports Q3 net sales down 3.1%, gross profit down 25.8%; appoints interim COO

## Summary
- Net sales of $154.8M vs $159.7M YoY (-3.1%); gross profit $48.4M vs $65.2M (-25.8%).
- Net income of $31.6M ($0.27/diluted) vs net loss of $(30.2)M in Q3 2021.
- Adjusted net loss of $(4.1)M; adjusted EBITDA of $16.4M vs $35.5M YoY.
- Full-year 2022 outlook updated to reflect supply chain pressures and higher costs.
- Brian Appelgate appointed interim COO effective Nov 14; base salary $200K, $750K in RSUs.

## SEC filing metadata
- accession: 0001437749-22-027270
- form_type: 8-K
- ticker: HLLY
- cik: 0001822928
- company_name: Holley Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822928/000143774922027270/0001437749-22-027270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822928/000143774922027270/hlly20220823_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027270
- JSON: https://secwatch.observer/filing/0001437749-22-027270.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027270.txt

## Key facts
- Earnings Releases
  Holley Inc. reported third quarter ended October 2, 2022 results: revenue $154.8 million, net income $31.6 million, EPS $0.27 per diluted share.
  - Period: third quarter ended October 2, 2022
  - Revenue: $154.8 million
  - Net income: $31.6 million
  - EPS: $0.27 per diluted share
  - Result: reported results
  source text: Holley Inc. (NYSE: HLLY), the leading platfor m serving performance automotive enthusiasts, today announced financial results for its third quarter ended October 2, 2022. Third Quarter Highlights vs. Prior Year Period ● Net Sales de creased 3.1% to $154.8 million compared to $159.7 million in the prior year's third quarter ● Gross Profit decreased 25.8% to $48.4 million compared to $65.2 million in the prior year's third quarter ● Net Income of $31.6 million , or $0.27 per diluted share, compared to a Net Loss of $(30.2) million , or $(0.28) per diluted share, in the prior year's third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822928/000143774922027270/0001437749-22-027270-index.htm
- Executive change
  Brian Appelgate was appointed as interim Chief Operating Officer at Holley Inc..
  - Action: appointed
  - Role: interim Chief Operating Officer
  source text: On November 14, 2022, the Company announced that the Board of Directors of the Company approved the appointment of Brian Appelgate as the Company’s interim Chief Operating Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822928/000143774922027270/0001437749-22-027270-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.