Why Should Corporate Businesses Focus on Sustainability?
11/08/2023
No Comments
For all businesses in all sectors, paying attention to environmental, social, and governance (ESG) challenges is becoming increasingly …
March 25, 2022: -Holley is pursuing growth through managing supply chain issues currently dogging the auto industry, chief executive Tom Tomlinson told CNBC on Wednesday.
“Supply chain has definitely been a challenge, but we’ve managed it effectively,” Tomlinson said.
“We’ve have left some dollars on the table though still, and we’re operating with a bigger book of a business backlog than we’ve ever had, and so that’s one of our focuses, to unlock more growth by working through those supply chain issues,” he added.
The stock of Holley, making aftermarket auto parts for high-performance vehicles, decreased 0.78% on Wednesday to $14.01. The company released its fourth-quarter earnings results on March 3, which reports better-than-expected sales and EBITDA and an upbeat 2022 outlook.
When Cramer asked whether Holley could become a “consolidator for the industry” through mergers and acquisitions, Tomlinson said that the company “absolutely” could. Holley is adding Arizona Desert Shocks, Baer Brakes, Brothers Trucks, and Rocket Racing Wheels to its brand portfolio during the fourth quarter.
“We’ve had a lot of experience, very successful experience with M&A, we have a very methodic program, and it’s part of our plan to accelerate the company’s growth,” he said.
Holley went public in 2021 through a merger with a SPAC, featuring on Cramer’s list of profitable, newly public stocks to watch in January.
For all businesses in all sectors, paying attention to environmental, social, and governance (ESG) challenges is becoming increasingly …
As we approach 2023, it’s important to stay up to date on the latest trends and developments in the business world. According to recent statistics, there …
The way technological solutions are operated in the cloud is different. It is more about developing and implementing business rules than it is about technological …
What advantages do social media platforms offer to businesses? Think about the fact that there are already more than 4.2 billion active social media users …
A new year is around the corner, and it is high time we bid goodbye not only to old habits but also to old trends which become outdated and …
Organisations are stepping up their efforts to promote their workforce’s welfare and mental health. Employers frequently see an employee’s …
According to the Federal Reserve’s Beige Book released Wednesday, the U.S. economy showed signs of slowing down in recent weeks, with …
BlackCat, a notorious ransomware group, has claimed responsibility for a cyberattack on Fidelity National Financial, a leading financial services technology …
In a significant step towards achieving its ambitious sustainability goals, Google has announced the successful operation of its first geothermal …
U.S. stocks rallied on Wednesday, with the Dow Jones Industrial Average surging nearly 200 points as markets headed into the Thanksgiving …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you