secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001437749-22-027270
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774922027270/0001437749-22-027270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774922027270/hlly20220823_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027270

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer