Holley Inc. reported earnings results for the third quarter and nine months ended October 02, 2022. For the third quarter, the company reported sales was USD 154.78 million compared to USD 159.67 million a year ago. Net income was USD 31.58 million compared to net loss of USD 30.2 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to basic loss per share from continuing operations of USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to diluted loss per share from continuing operations of USD 0.28 a year ago.
For the nine months, sales was USD 534.25 million compared to USD 513.05 million a year ago. Net income was USD 89 million compared to net loss of USD 9.16 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to basic loss per share from continuing operations of USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to diluted loss per share from continuing operations of USD 0.11 a year ago.