The Latest Breaking News from Holley

Holley (HLLY) reported strong financial results for the third quarter. With the solid demand for its product offerings, innovative offerings, and expanding industry-wide footprint, the company is poised for continued growth. So, let’s determine whether Holley is an ideal addition to your portfolio. Read more to find out.

This auto parts stock under $5 has doubled in 2023, and the CEO just bought a big block of shares. Should you scoop up this small-cap powerhouse for more 2024 upside?

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%,…

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