NYSE$HLLY
Holley Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Holley's financial performance showed resilience with sequential improvements in sales and profitability, and EBITDA margins aligned with long-term targets.
Holley reported a slight decrease in net sales but an increase in Adjusted EBITDA for Q2 2023. The company has raised its full-year 2023 sales and Adjusted EBITDA guidance ranges, reflecting confidence in its brand portfolio and ability to deliver profitability.
- Net Sales decreased 2.3% to $175.3 million compared to $179.4 million last year.
- Net Income was $13.0 million, or $0.11 per diluted share, compared to $40.6 million, or $0.35 per diluted share, last year.
- Adjusted EBITDA was $37.9 million versus $37.2 million last year with a margin of 21.6% versus 20.7% last year.
- Free Cash Flow was $29.0 million compared to $(1.3) million last year.
Headline financials
Revenue & EPS history
Holley · Revenue · Quarterly
$175M
Forward guidance
Holley revised its outlook for 2023 with increased expectations for net sales and Adjusted EBITDA.
Tailwinds
- Net Sales revised to $635 - $675 million (previously $625 - $675 million).
- Adjusted EBITDA revised to $118 - $128 million (previously $108 - $122 million).
- Capital Expenditures revised to $5 - $10 million (previously $10 - $15 million).
- Depreciation and Amortization Expense maintained at $23 - $25 million.
- Interest Expense revised to $58 - $62 million (previously $60 - $65 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 Q2 2023
+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
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro