secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001437749-24-005805
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924005805/0001437749-24-005805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924005805/hlly20240131_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-005805

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