Holley cuts FY24 revenue view to $605M-$645M from $640M-$680

Consensus $656.14M. Cuts FY24 adjusted EBITDA view to $117M-$132M from $125M-$145M. Sees FY24 capital expenditures $6M-$8M. Weaver added, “While we are making significant strides in our transformation, the overall macroeconomic environment remains fraught with uncertainty. Consequently, we believe adopting a conservative stance in our outlook for the latter half of the year is a prudent measure. Nonetheless, we are confident in the trajectory we have set and remain enthusiastic about the company’s growth prospects. Our ability to capture market share, even in a softening market, reinforces our optimism for the future.”