---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022876"
form_type: "8-K"
ticker: "HLLY"
cik: "0001822928"
company_name: "Holley Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:54:46.308125+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-022876
- form_type: 8-K
- ticker: HLLY
- cik: 0001822928
- company_name: Holley Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822928/000143774923022876/0001437749-23-022876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822928/000143774923022876/hlly20230524_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022876
- JSON: https://secwatch.observer/filing/0001437749-23-022876.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022876.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822928/000143774923022876/0001437749-23-022876-index.htm

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