NYSE$HLLY

Holley Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong consumer demand and enthusiast engagement.

Holley Inc. reported a 19.8% increase in net sales to $159.7 million for Q3 2021, driven by acquisitions. However, a cybersecurity incident deferred approximately $7 million in sales to Q4. The company reported a net loss of $(30.2) million, or $(0.28) per share, compared to a net income of $13.5 million, or $0.20 per share, in Q3 2020. Adjusted EBITDA rose to $35.5 million compared to $34.6 million in 2020.

  • Net Sales increased 19.8% to $159.7 million compared to $133.3 million in 2020.
  • Gross Profit increased 17.4% to $65.2 million compared to $55.5 million last year.
  • Net Loss of $(30.2) million, or $(0.28) per share, compared to Net Income of $13.5 million, or $0.20 per share, in third quarter 2020.
  • Adjusted EBITDA rose to $35.5 million compared to $34.6 million in 2020.

Headline financials

Total Revenue

$160M

Previous: $133M+19.8%
EPS (adj)

$0.12

Previous: $0.46-73.9%
Capital Expenditures

-$10.5M

Previous: $3.22M-425.3%
Free Cash Flow

-$40.7M

Previous: $28.9M-240.5%
Net Income

-$30.2M

Previous: -$5K-603900.0%
Operating Income

$1.91M

Previous: $28.4M-93.3%
Gross Profit

$65.2M

Previous: $55.5M+17.4%
Cash & Equivalents

$53.9M

Previous: $54.7M-1.5%
Total Assets

$1.14B

Previous: $166K+685092.3%

Revenue & EPS history

Holley · Revenue · Quarterly

$160M

Q3 2021+19.8%vs Q3 2020
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Company reiterates fiscal 2021 Net Sales expected to range between $648 million-$663 million, Pro Forma Net Sales between $655 million-$670 million, and Pro Forma Adjusted EBITDA between $165 million-$170 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 Q3 2021

Historical avgQ3 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

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