HomeMarketsU.S. Economy & JobsHolley (HLLY) Needs a Tow
Holley (HLLY) Needs a Tow

In today’s Under 30 segment Jenny Horne and Alex Coffey discuss earnings for Holley (HLLY), an auto-parts manufacturing company. George Tsillis joins the conversation to break down Holley’s (HLLY) earnings miss including 7.1% year-over-year decline in sales to $179.4M, far below analysts' estimate of a $205.48M revenue in Q2 2022. Gross profit fell 7.3% to $75.3M and adjusted EBITDA was down $16.9M to $37.2M. Shares of Holley (HLLY) were trading ~$8.25 Friday afternoon, that’s down 35% on the day.

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