secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001437749-24-034044
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley Q3 net sales down 14.4% to $134M; net loss $6.3M vs prior year profit
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- Net loss of $(6.3)M ($(0.05)/diluted share) vs net income $0.8M ($0.01) YoY.
- Adjusted net loss $(0.5)M vs adjusted net income $3.5M; Adjusted EBITDA $22.1M vs $27.9M.
- Free cash flow $(2.1)M vs $21.7M last year; operating cash flow $(1.7)M.
- Moody's upgraded corporate family rating to B2 from B3 during the quarter.
- Distribution partner inventory levels normalizing; strong enthusiast event engagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924034044/0001437749-24-034044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774924034044/hlly20240814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034044

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