The PWR Holdings (ASX:PWH) share price dips on market update

The PWR Holdings Ltd (ASX: PWH) share price is down 0.97% at open today after a company update on its expected performance to finish off the calendar year.

At the time of writing, the PWR share price is trading at $5.10.

Market update

PWR Holdings produces performance products for the motorsports and automotive industry. Management advised the company had seen strong trading conditions from the months October and November. And with the end of the quarter just weeks away, PWR Holdings is forecasting continued growth.

For the period ending 31 December, PWR Holdings anticipates earnings before interest, tax, depreciation and amortisation (EBITDA) to be in the range of $10 million to $11.5 million. This represents an increase of more…