secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001437749-23-013763
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley Q1 net sales down 13.9% to $172.2M; net income falls to $4.3M from $16.9M
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- Net sales $172.2M, down 13.9% YoY from $200.1M.
- Net income $4.3M ($0.04 diluted EPS) vs $16.9M ($0.15) in prior year.
- Adjusted EBITDA $33.9M, down from $46.0M in Q1 2022.
- Gross profit $67.7M, down 18.1% YoY.
- Company reaffirms full year 2023 outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/0001437749-23-013763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774923013763/hlly20230406_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013763

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