secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001437749-24-025019
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley Q2 net sales down 3% to $169.5M; net income up 31% to $17.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924025019/0001437749-24-025019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924025019/hlly20240515_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025019

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