Holley Inc. (NYSE:HLLY) Q3 2023 Results Conference Call November 8, 2023 8:30 AM ET

Company Participants

Ross Collins - IR

Matt Stevenson - President and CEO

Jesse Weaver - CFO

Conference Call Participants

Brian McNamara - Canaccord Genuity

Martin Mitela - Raymond James

John Lawrence - Benchmark

Christian Carlino - JPMorgan

Joe Feldman - Telsey Advisory

Michael Baker - D.A. Davidson

Operator

Greetings. Welcome to the Holley Third Quarter 2023 Earnings. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Ross Collins, Investor Relations. You may begin.

Ross Collins

Thank you, operator. Good morning, and welcome to Holley's Third Quarter 2023 Earnings Conference Call. On the call with me today are President and Chief Executive Officer, Matt Stevenson; and Chief Financial Officer, Jesse Weaver.

This webcast and the presentation materials including non-GAAP reconciliations are available on our Investor Relations website. From time-to-time we post new information that may be of interest or material to investors on this website. Our discussion today includes forward looking statements that are based on our best view of the world and of our business as we see them today and are subject to risks and uncertainties including the ones described in our SEC filings. This morning, we will review our financial results for the third quarter and share our guidance for the full year 2023. As always, we'll leave time for your questions at the end.

And with that, I'll turn the call over to our CEO, Matt Stevenson.

Matt Stevenson

Thank you Ross and good morning, everyone. This is now my fifth month at Holley and I continue to remain extremely impressed by the team and the incredible opportunity that exists with this great company. Not only there are tremendous prospects for growth, but we're also finding ways to be more efficient while we're also enhancing our service levels to both consumers and distributors. We are undergoing a comprehensive transformation of the company to unlock all these opportunities and prepare organization for extensive growth.

During this call, I will highlight some of the transformation that is underway including a new organizational structure on focus on becoming even more consumer centric. The development of a robust product development cycle, increasing the engagement levels with our customers, including our great distribution partners, lowering our cost to serve by taking a holistic look at our operations and adding new leadership talent to the team. Plus while transforming the company for the long term, we are also continuing to deliver in the short term through strong alignment of internal resources and intense daily focus on meeting our commitments. All of this hard work continued to pay off as we delivered a solid third quarter.