earnings
confidence medium
sentiment neutral
materiality 0.70
Holley Q2 net sales down 3% to $169.5M; net income up 31% to $17.1M
Holley Inc.
2024-Q2 EPS reported
$0.17
revenue$328,132,000
- Net sales $169.5M (-3.3% YoY); net income $17.1M ($0.14 EPS) vs $13.0M ($0.11 EPS) last year.
- Adjusted EBITDA $37.4M (margin +50bps YoY); adjusted net income $12.6M vs $16.0M last year.
- S&P upgraded Holley's debt and credit ratings; company exited covenant relief period.
- Prepaid $10M on debt; free cash flow $24.4M.