HOLLEY INC Reports Increased Earnings for Second Quarter of FY2023

August 25, 2023

Categories: Auto Parts, Earnings ReportTags: , , Views: 33

☀️Earnings Overview

For the second quarter of FY2023, HOLLEY INC ($NYSE:HLLY) reported total revenue of USD 175.3 million, a decrease of 2.3% year over year. Net income was USD 13.0 million, a decrease of 68.0% compared to the same period in the prior year. The quarter ended on June 30 2023.

Share Price

On Thursday, HOLLEY INC reported increased earnings for the second quarter of FY2023. The results were better than expected, with the stock opening at $6.6 and closing at $7.4, representing a soar of 19.6% from the prior closing price of 6.2. These positive financial results suggest that HOLLEY INC is well-positioned for continued success in the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Holley Inc. More…

    Total Revenues Net Income Net Margin
    656.41 33.58 2.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Holley Inc. More…

    Operations Investing Financing
    25.86 -3.98 -10.01
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Holley Inc. More…

    Total Assets Total Liabilities Book Value Per Share
    1.25k 815.25 3.71
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Holley Inc are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    23.1% 1.8% 13.0%
    FCF Margin ROE ROA
    2.9% 12.5% 4.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of HOLLEY INC‘s fundamentals and has assessed the company to be a high risk investment. In terms of its financial and business aspects, Risk Rating has flagged HOLLEY INC as having a high risk rating. Our GoodWhale algorithms have detected three risk warnings in the company’s income sheet, balance sheet, and cashflow statement. To access the full report on HOLLEY INC, become a registered user of GoodWhale. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the automotive industry, there is intense competition between suppliers of parts and systems. One such area of competition is between Holley Inc and its competitors Schaeffler India Ltd, Mingxin Automotive Leather Co Ltd, and CIE Automotive SA. Each company is striving to develop innovative products and processes that will give them a competitive advantage in the marketplace.

    – Schaeffler India Ltd ($BSE:505790)

    Schaeffler India Ltd is an engineering company that manufactures and supplies automotive and industrial products. It has a market cap of 456.01B as of 2022 and a ROE of 18.35%. The company’s products include bearings, engine parts, transmission parts, and chassis parts.

    – Mingxin Automotive Leather Co Ltd ($SHSE:605068)

    Mingxin Automotive Leather Co Ltd is a leading manufacturer of automotive leather products. The company has a market cap of 4.74B as of 2022 and a ROE of 3.57%. Mingxin Automotive Leather Co Ltd manufactures and supplies a wide range of automotive leather products, including seat covers, steering wheel covers, shift knobs, and other interior trim products. The company’s products are used by major automakers worldwide.

    – CIE Automotive SA ($LTS:0DZC)

    CIE Automotive SA is a leading Spanish automotive supplier with a market cap of 2.84B as of 2022. The company has a strong focus on the production of light alloys, stampings, and assemblies for the automotive industry. CIE Automotive SA also has a strong presence in the European market, with a return on equity of 26.38%.


    Investors in HOLLEY INC may be feeling a bit uneasy after the company reported their earnings results for the second quarter of FY2023. Total revenue decreased by 2.3% year over year to USD 175.3 million, while net income shrank by 68.0%, leading to a USD 13.0 million decline. Despite these less than ideal figures, the stock price still moved up the same day.

    This could be due to investors maintaining confidence in the company’s ability to bounce back despite the adverse circumstances. In order to maximize returns, investors should keep a close eye on HOLLEY INC’s future developments and financial performance.

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