Holley Inc. (HLLY) Tops Q1 EPS by 5c
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Holley Reports First Quarter 2023 Results
May 11, 2023 7:30 AM EDTCompany reaffirms full year 2023 outlook
Sales leverage, operational improvements and cost initiatives drive significant sequential profitability increase
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced financial results for its first quarter ended April 2, 2023.
First Quarter Highlights vs. Prior Year Period
Net Sales decreased 13.9% to $172.2 million compared to $200.1 million in the prior year's first quarter Gross Profit decreased 18.1% to $67.7... More