Holley Inc. announced preliminary results for the 13-week period ended April 3, 2022, even though it is still conducting financial closing procedures for the first quarter of 2022.
Preliminary First Quarter Highlights, according to Holley:
- Preliminary Net Sales of $199 million to $200 million
- Preliminary Gross Profit of $81 million to $82 million
- Preliminary Net Income of $16 million to $17 million
- Preliminary Adjusted EBITDA1 of $45 million to $46 million
1See “Use and Reconciliation of Non-GAAP Financial Measures” below.
Holley says the financial information is preliminary and subject to the completion of its ongoing financial reporting processes, which may result in adjustments to this financial information. Holley adds it expects to release full financial results for the first quarter on Thursday, May 12, 2022.