HLLY - Holley reports Q4 earnings beat; initiates FY23 outlook
2023-03-09 07:44:42 ET
- Holley press release ( NYSE: HLLY ): Q4 GAAP EPS of -$0.13 beats by $0.01 .
- Revenue of $154.2M (-14.2% Y/Y) in-line.
- Adjusted Net Loss of $22.6M, compared to Adjusted Net Income of $9.0M reported in the prior year's fourth quarter.
- Adjusted EBITDA of $15.1 million compared to $36.1 million in the prior year's fourth quarter.
- Holley is providing the following outlook for the full-year 2023 : Net Sales in the range of $625-$675 million vs $679.13M consensus; Adjusted EBITDA of $108-$122 million; Capital Expenditures in the range of $10-$15 million; Depreciation and Amortization Expense of $23-$25 million; Interest Expense in the range of $60-$65 million.
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Holley reports Q4 earnings beat; initiates FY23 outlook