Holley Q2 net sales down 2.3% to $175.3M; raises FY2023 guidance

Holley Inc.

2023-Q2 EPS reported $0.15 revenue$347,467,000

Net sales $175.3M (-2.3% YoY); gross margin 39.8% vs 42.0% last year.
Net income $13.0M ($0.11 diluted EPS) vs $40.6M ($0.35) last year.
Adjusted EBITDA $37.9M (21.6% margin) vs $37.2M (20.7% margin) last year.
Free cash flow $29.0M vs -$1.3M last year.
Company raised full-year 2023 sales and Adjusted EBITDA guidance ranges.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Holley Inc. reported second quarter ended July 2, 2023 results: revenue $175.3 million, net income $13.0 million, EPS $0.11 per diluted share. Guidance raised.

Period: second quarter ended July 2, 2023
Revenue: $175.3 million
Net income: $13.0 million
EPS: $0.11 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

enthusiasts, today announced financial results for its second quarter ended July 2, 2023. Second Quarter Highlights vs. Prior Year Period ● Net Sales decreased 2.3% to $175.3 million compared to $179.4 million last year ● Gross Profit decreased 7.4% to $69.7 million compared to $75.3 million last year, and gross margin was 39.8% versus 42.0% last year ● Net

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Source: SEC EDGAR

accession 0001437749-23-022876

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