Financial
Holley Reports First Quarter 2022 Results
Strength in consumer demand drives 25% year-over-year sales growth, the company says.
Strength in consumer demand drives 25% year-over-year sales growth, the company says.
The company reports that net income grew 19%, to $81 million for the second quarter.
The company reports consolidated sales of $409.6 million, up $39.5 million or 10.7%.
Company reports record earnings for the first quarter and raises fiscal 2022 outlook.
This is the ninth consecutive quarter of year-over-year sales growth for the online auto parts retailer.
The company also reports that its pending acquisition by Apollo Funds is on track for the second half of 2022.
Net sales were $322.8M, compared to consolidated net sales of $276.6M during the comparable quarter in 2021.
For the first quarter of 2022, the company reported net sales of $468.3 million, compared to net sales of $483.7...
The company has reported record sales of $5.3 billion, up 18.6%.
Holley says it expects to release full financial results for the first quarter on Thursday, May 12, 2022.
