Holley Inc. - HLLY STOCK NEWS

Holley Inc. (NYSE: HLLY) has announced the release date for its first quarter 2023 financial results, scheduled for May 11, 2023. A conference call to discuss these results will take place at 8:30 am ET on the same day. The earnings release will precede the market opening, available on their Investor Relations page.

The call will be led by Interim President and CEO, Michelle Gloeckler, and CFO, Jesse Weaver. Participants can join via a toll-free U.S. number or through a live webcast. A replay of the call will be accessible until May 18, 2023, for those unable to attend.

Holley Inc. (NYSE: HLLY), a leader in the performance automotive market, will participate in the D.A. Davidson 6th Annual Consumer Growth Conference on March 21, 2023. The event features a fireside chat from 2:00 PM ET to 2:30 PM ET, hosted by analyst Matthew Hayes, along with one-on-one investor meetings. Interested parties can access the live webcast and replay via the Investor Relations section of Holley's website.
Holley is renowned for its high-performance automotive products and has built a strong portfolio that caters to car enthusiasts, focusing on innovation and consumer engagement.

Holley Inc. (NYSE: HLLY), a leader in performance automotive products, will participate in the Bank of America 2023 Consumer & Retail Conference on March 14, 2023. The company's senior management will engage in a fireside chat from 9:40 AM ET to 10:20 AM ET, hosted by analyst Alex Perry, and will hold one-on-one meetings with investors present at the event. A live webcast and replay of the discussion will be available on Holley's Investor Relations website under the 'Events & Presentations' section. Holley is known for its diverse portfolio and innovation in the automotive aftermarket.

Holley Inc. (NYSE: HLLY) reported mixed financial results for 2022, with net sales of $688.4 million, a slight decrease from 2021. Gross profit fell by 11.6% to $253.7 million, while net income showed improvement at $73.8 million compared to a net loss in 2021. Despite a 14.3% decline in Q4 net sales, Holley achieved record DTC sales of $149 million, up 27% year-over-year. The company expects net sales for 2023 between $625-$675 million and $30 million in cost savings. Holley's management acknowledged challenges but remains focused on operational improvements, financial stability, and maintaining its leadership in the performance automotive market.

Holley Inc. (NYSE: HLLY) has announced the schedule for its fourth quarter and full year 2022 financial results. A conference call will be held on March 9, 2023, at 8:30 AM ET, during which company executives will discuss the financial outcomes. The earnings release will be available before the market opens on the same day on the investor relations page of Holley's website. Interested parties can participate via dial-in or listen to a live webcast. A telephone replay will be available until March 16, 2023.

Holley Inc. (NYSE: HLLY) appointed Brian Appelgate as Interim COO, an industry expert with extensive operational experience in the performance automotive aftermarket. Appelgate, who has advised Holley since 2018, aims to enhance the company's operational performance amid recent production inefficiencies due to supply chain constraints and inflationary pressures affecting margins. Holley's President highlighted the urgent need for improved supply chain, manufacturing, and engineering areas to meet customer demand and optimize performance.

Holley Inc. (NYSE: HLLY) reported third quarter 2022 results with net sales of $154.8 million, down 3.1% year-over-year, and gross profit down 25.8% to $48.4 million. The company achieved a net income of $31.6 million, or $0.27 per diluted share, reversing the prior year’s loss. Adjusted net loss was $(4.1) million, a decline from adjusted net income of $14.6 million last year. Holley revised its full-year outlook, anticipating net sales of $695-$710 million and adjusted EBITDA of $118-$124 million, due to ongoing supply chain challenges and inflation. Direct-to-consumer sales rose by 11% during the quarter.

Holley Inc. (NYSE: HLLY) has announced the release date for its third-quarter 2022 financial results, scheduled for November 14, 2022. The earnings release will be available post-market closure, followed by a conference call at 4:30 p.m. ET to discuss the results. Key executives including Tom Tomlinson, Steve Trussell, and Vinod Nimmagadda will lead the call. Investors can participate via dial-in or via a live webcast, with a replay available until November 21, 2022. More information can be found on Holley's investor relations website.