Holley Q3 net sales +1.1% to $156.5M; gross margin 37.3%; Adj. EBITDA $29.7M

Holley Inc.

2023-Q3 EPS reported $0.15 revenue$503,997,000

Net sales $156.5M, up 1.1% YoY; gross margin expanded to 37.3% from 31.3%.
Adjusted EBITDA $29.7M (19.0% margin) vs $16.4M (10.6%) a year ago.
Adjusted net income $3.5M vs adjusted net loss of ($4.1M); GAAP net income $0.8M ($0.01 EPS) vs $31.6M.
Free cash flow $21.7M vs ($10.6M); company is undergoing a comprehensive business transformation and revised guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Holley Inc. updated its third quarter ended October 1, 2023 guidance (lowered).

Period: third quarter ended October 1, 2023
Guidance: lowered
Result: reported results

Exact text from the filing

On November 8, 2023, Holley Inc. (the “Company”) issued a press release announcing its financial results and operational highlights for the Company’s quarter ended October 1, 2023 and revising certain guidance previously provided by the Company.

View on SEC.gov

Browse all earnings releases →

Holley Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-030771

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.