Holley Q4 2021 Earnings Report
Key Takeaways
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
Holley
Holley
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
Positive Outlook
- 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