Holley reports Q4 EPS 1c, consensus 2c

Reports Q4 revenue $155.7M, consensus $153.26M.” In 2023, Holley achieved many accomplishments as we focused on fueling our teammates, supercharging our customers, and accelerating profitable growth,” said Matthew Stevenson, President and Chief Executive Officer of Holley. “We are in the early stages of an organizational transformation, and I am encouraged by the progress we made in 2023 to position ourselves for long-term success. We made significant strides in streamlining our organization and directing our sales, marketing, and R&D efforts towards high-impact areas. We have implemented new processes designed to improve all key aspects of Holley’s operations, including a more targeted product development and R&D approach, disciplined inventory and SKU management processes, and a more informed innovation and product launch pipeline. While these transformative efforts are still in their early stages, they have already benefited our operational and financial performance in 2023, and I am confident that this positive momentum will continue as these programs gain traction.”