secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001437749-24-015203
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley Q1 net sales down 7.9% to $158.6M; adjusted net income $0.1M; FY outlook reiterated
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- Net sales $158.6M, down 7.9% YoY from $172.2M; net income $3.7M ($0.03 diluted EPS) vs $4.2M.
- Adjusted net income $0.1M vs $6.1M; adjusted EBITDA $30.7M vs $33.9M; both down YoY.
- Free cash flow improved to $17.7M from $3.0M; paid down $15M of debt during quarter.
- Reiterates full-year 2024 outlook; provides Q2 guidance indicating sequential improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924015203/0001437749-24-015203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924015203/hlly20240321_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015203

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