The Latest Breaking News from HLLY

Holley Inc. (NYSE: HLLY) is poised to benefit from the significant whitespace in the $35 billion performance automotive aftermarket, while there is also potential for acquisition-driven upside, according to Bank of America Securities.

Holley Inc (NYSE:HLLY) reported first-quarter FY22 sales growth of 24.8% year-on-year, to $200.1 million, beating the consensus of $189.97 million. The gross profit increased 25.9% Y/Y to $82.7 million, with the margin expanding 30 basis points to 41.3%. Selling, general and administrative expenses increased 43% to $34.3 million. The operating margin was 18%,…

Holley Inc (NYSE:HLLY) has upsized its previously announced secondary offering by the selling shareholder, Holley Parent Holdings LLC, to 8 million shares. The total number of shares offered was increased by 1.50 million shares from the previously announced 6.50 million shares. The company has priced the offering at $12.00 per share, a 3.5%…