---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005805"
form_type: "8-K"
ticker: "HLLY"
cik: "0001822928"
company_name: "Holley Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:22:34.661753+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Holley reports Q4 net income $1.2M vs loss; Q4 adj EBITDA up 89% YoY; guides FY2024 sales $671-721M

## Summary
- Q4 net sales $155.7M (+1.0% YoY); gross margin 38.7% vs 30.7% YoY.
- Q4 net income $1.2M ($0.01 diluted EPS) vs net loss $(15.2M); adjusted EBITDA $28.5M (+89%).
- Full year 2023 net sales $659.7M (-4.2% YoY); net income $19.2M ($0.16 diluted EPS) vs $73.8M ($0.14).
- Adjusted EBITDA FY2023 $130.1M vs $114.7M; free cash flow $83.6M vs $(0.4M) YoY.
- FY2024 guidance: net sales $671-721M, adjusted EBITDA $132-149M; Q1 sales $157-167M, EBITDA $26-31M.

## SEC filing metadata
- accession: 0001437749-24-005805
- form_type: 8-K
- ticker: HLLY
- cik: 0001822928
- company_name: Holley Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822928/000143774924005805/0001437749-24-005805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822928/000143774924005805/hlly20240131_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005805
- JSON: https://secwatch.observer/filing/0001437749-24-005805.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005805.txt

## Key facts
- Earnings Releases
  Holley Inc. reported quarter ended December 31, 2023 results: revenue $155.7 million, net income $1.2 million, EPS $0.01 per diluted share. Guidance initiated.
  - Period: quarter ended December 31, 2023
  - Revenue: $155.7 million
  - Net income: $1.2 million
  - EPS: $0.01 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter Highlights vs. Prior Year Period ● Net Sales increased 1.0% to $155.7 million compared to $154.2 million last year ● Gross Profit increased 27.5% to $60.3 million compared to $47.3 million last year, and gross margin was 38.7% compared to 30.7% last year ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822928/000143774924005805/0001437749-24-005805-index.htm
- Earnings Releases
  Holley Inc. reported full year ended December 31, 2023 results: revenue $659.7 million, net income $19.2 million, EPS $0.16 per diluted share. Guidance initiated.
  - Period: full year ended December 31, 2023
  - Revenue: $659.7 million
  - Net income: $19.2 million
  - EPS: $0.16 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: to $0.1 million last year ● Free Cash Flow 1 was $29.9 million compared to $(1.3) million last year Full Year 2023 Highlights vs. Prior Year Period ● Net Sales decreased 4.2% to $659.7 million compared to $688.4 million last year ● Gross Profit increased 1.0% to $256.1 million compared to $253.7 million last year, and gross margin was 38.8% compared to 36.8% last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822928/000143774924005805/0001437749-24-005805-index.htm

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