secwatch.observer — SEC 8-K summary
======================================

Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001437749-25-014911
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Holley Q1 net sales $153M (-3.5% YoY); core business up 3.3%; adj. EBITDA $27.3M
--------------------------------------------------------------------------------

- Net sales $153.0M, down 3.5% YoY; core business net sales grew 3.3% excluding ~$10.5M of divestitures and SKU rationalization.
- GAAP net income $2.8M ($0.02 diluted EPS) vs $3.7M; adjusted net income $2.6M vs $0.1M last year.
- Adjusted EBITDA $27.3M, up $6.3M from $21.0M in prior year.
- Free cash flow ($10.8M) vs $17.8M; net cash used in operations $7.8M.
- Full-year 2025 guidance maintained, excluding any potential tariff impacts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000143774925014911/0001437749-25-014911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000143774925014911/hlly20250314_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-014911

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