NYSE$HLLY

Holley Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Holley's second quarter performance in 2021 was marked by strong organic growth and effective execution of strategic initiatives.

Holley Inc. reported a strong second quarter in 2021, with net sales increasing by 54% to $193.0 million, driven by both organic growth and recent acquisitions. Net income also saw a significant increase of 85% to $23.1 million.

  • Net sales increased 54% to $193.0 million compared to the prior year period.
  • Gross profit increased 48% to $81.2 million compared to the prior year period.
  • Operating income increased 52% to $40.1 million compared to the prior year period.
  • Net income increased 85% to $23.1 million compared to the prior year period.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$1.35

No prior period
Capital Expenditures

$4.04M

No prior period
Free Cash Flow

$42.4M

No prior period
Net Income

$23.1M

No prior period
Operating Income

$40.1M

No prior period
Gross Profit

$81.2M

No prior period
Cash & Equivalents

$55.7M

No prior period
Total Assets

$251M

No prior period
Stock-Based Comp

$262K

No prior period

Revenue & EPS history

Holley · Revenue · Quarterly

$0

Q2 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Holley reiterates its full-year expectations with net sales expected to range between $648 to $663 million for fiscal year 2021.

Headwinds

  • Sales growth is expected to moderate in the back half of 2021, largely due to lapping strong 2020 performance.
  • Full-year guidance contemplates the uncertainties surrounding global supply chain challenges.
  • Full-year guidance contemplates inflationary pressure on raw material costs.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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

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