Holley reports Q4 EPS (13c), consensus (9c)

Reports Q4 revenue $154.2M, consensus $155.48M. "Despite ongoing supply-chain disruptions and demand normalization impacting financial results during the quarter, we remain encouraged by the underlying strength of our core enthusiast base and are confident that Holley remains a clear leader in the performance enthusiast automotive space," said Michelle Gloeckler, Holley’s Interim President and Chief Executive Officer. "We are intently focused on strategically aligning our cost structure, delivering strong free cash flow, and returning the Company’s growth and margin performance to historical levels." "2022 was a challenging year for Holley, and one that surfaced many areas of improvement for the broader organization," said Matthew Rubel, Executive Chairman of the Board. "We are extremely focused heading into 2023, with dedicated efforts to realize additional cost savings and M&A synergy capture, prioritize key product categories and platforms, and return to operational excellence through the refinement of our organizational structure."