EXPLAINED: Holley - The Real Truth

Like many gearheads, I have a problem and I'm not ashamed to admit it. Yes, I can't leave well enough alone. I have to change things, modify parts, and tinker until, well, I usually break something or make the machine worse than what it had been in stock form. 

There's overkill and then there's this. I mean, who doesn't love a bit of scorched Earth, but when we're talking about hitting 200mph across ice, snow, and whatever else comes in winter, that's like throwing a nuke at a spider who just walked into your house. It's a bit much.  But…

Upgrades

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%,…

The CSCC’s Special Saloons and Modsports series attracts some fantastic creations and three old-school specials are set to be among the stars of this year’s grid when it lines up at Thruxton this weekend