NYSE$HLLY
Holley Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Holley's first quarter results for 2022 showed strong growth in consumer demand, driving a 25% year-over-year sales increase.
Holley Inc. reported a strong first quarter in 2022, with net sales increasing by 24.8% to $200.1 million and net income reaching $16.9 million, or $0.15 per diluted share. The company reaffirmed its full-year 2022 outlook, expecting continued growth.
- Net sales increased by 24.8% to $200.1 million compared to $160.3 million in the prior year period.
- Gross profit increased by 25.9% to $82.7 million compared to $65.7 million last year.
- Net income was $16.9 million, or $0.15 per diluted share, compared to a net loss of $(2.1) million in the first quarter of 2021.
- Adjusted EBITDA rose to $46.0 million compared to $43.8 million in 2021.
Headline financials
Revenue & EPS history
Holley · Revenue · Quarterly
$200M
Forward guidance
Holley reaffirmed its full year 2022 outlook.
Tailwinds
- Net Sales in the range of $765-$790 million
- Adjusted EBITDA of $186-$194 million
- Capital Expenditures in the range of $14-$16 million
- Depreciation and Amortization Expense of $24-$26 million
- Interest Expense in the range of $30-$32 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+5.4%
Avg return
Earnings day
+4.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+49.5%
Q4 2022
Best reaction
-14.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.0% | -17.6% | -22.4% | |
| Q4 2025 | -12.7% | -16.2% | -22.3% | |
| Q3 2025 | +36.8% | +41.0% | +57.5% | |
| Q1 2025 | -14.6% | +7.2% | +2.4% | |
| Q4 2024 | +24.2% | +0.4% | -4.2% | |
| Q3 2024 | +3.6% | -1.1% | -0.4% | |
| Q2 2024 | -8.2% | -12.3% | -9.6% | |
| Q1 2024 | -3.6% | -5.8% | -13.4% | |
| Q4 2023 | -11.5% | -13.0% | -8.0% | |
| Q3 2023 | -14.0% | -11.8% | +0.5% | |
| Q2 2023 | +27.2% | +18.0% | -15.3% | |
| Q1 2023 | +18.5% | +15.8% | +36.3% | |
| Q4 2022 | +49.5% | +48.0% | +14.6% | |
| Q3 2022 | -4.7% | -6.5% | -23.4% | |
| Q2 2022 | +1.2% | -1.7% | -7.9% | |
| Q1 2022 | +14.2% | +20.9% | +20.0% | |
| Q4 2019 | +8.9% | +5.4% | +1.3% | |
| Q4 2021 | +7.4% | +4.3% | +7.2% | |
| Q3 2021 | +7.1% | +11.3% | +2.7% | |
| Q2 2021 | +1.1% | -2.0% | +4.2% | |
| Q1 2021 | +0.0% | +0.0% | +2.2% | |
| Q4 2020 | +0.3% | +4.3% | +0.8% | |
| Q3 2020 | — | — | — |
Discussion
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