NYSE$HLLY

Holley Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Driven by robust sales growth and strong underlying consumer demand.

Holley Inc. reported a strong fourth quarter and full year 2021, driven by robust sales growth and strong underlying consumer demand. Net sales increased by 29.9% to $179.8 million, and gross profit increased by 37.0% to $74.7 million. However, the company reported a net loss of $(18.0) million, or $(0.16) per share, compared to net income of $2.0 million, or $0.03 per share, in fourth quarter 2020.

  • Net Sales increased 29.9% to $179.8 million compared to $138.4 million in 2020
  • Gross Profit increased 37.0% to $74.7 million compared to $54.6 million last year
  • Net Loss of $(18.0) million, or $(0.16) per share, compared to Net Income of $2.0 million, or $0.03 per share, in fourth quarter 2020
  • Adjusted EBITDA rose to $36.1 million compared to $30.4 million in 2020

Headline financials

Total Revenue

$180M

Previous: $138M+29.9%
EPS (adj)

$0.08

Previous: $0.03+166.7%
Capital Expenditures

$4.77M

Previous: $2.78M+71.4%
Free Cash Flow

-$8.1M

Previous: $10M-180.8%
Net Income

-$18M

Previous: -$4.44M-304.6%
Operating Income

$22.8M

Previous: $13.1M+74.4%
Gross Profit

$74.7M

Previous: $54.6M+37.0%
Cash & Equivalents

$36.3M

Previous: $71.7M-49.3%
Total Assets

$1.19B

Previous: $1.07B+12.0%

Revenue & EPS history

Holley · Revenue · Quarterly

$180M

Q4 2021+29.9%vs Q4 2020
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Holley is providing the following outlook for the full-year 2022: 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

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 Q4 2021

Historical avgQ4 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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