The Latest Breaking News from Holley

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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.

According to Benzinga Pro, during Q1, Holley (NYSE:HLLY) earned $16.86 million, a 193.75% increase from the preceding quarter. Holley also posted a total of $200.06 million in sales, a 11.26% increase since Q4.

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%,…