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Holley Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJul-02-23Apr-02-23Dec-31-22Jul-03-22Apr-03-22Dec-31-21Sep-26-21Jun-27-21
   10-Q10-Q8-K10-Q10-Q10-K10-Q10-Q
Net sales  175.3172.20.2179.4200.1179.8159.7193.0
            Net sales growth  -2.3%-13.9%-99.9%-7.1%24.8%29.9%19.8%54.1%
Cost of goods sold  105.5104.50.1104.1117.3105.194.5111.8
    Gross profit  69.767.70.075.382.774.765.281.2
            Gross margin  39.8%39.3%30.7%42.0%41.3%41.6%40.8%42.1%
Selling, general, and administrative  29.130.00.036.334.337.728.926.2
Research and development costs  6.26.70.08.28.28.17.17.1
Amortization of intangible assets  3.73.70.03.73.73.63.63.5
Acquisition and restructuring costs  0.41.30.01.70.31.80.42.7
Other operating expense  0.50.10.00.30.20.80.10.0
    Total operating expense  39.841.70.150.146.752.063.341.1
    Operating income  30.026.00.025.136.022.81.940.1
            Operating margin  17.1%15.1%-8.8%14.0%18.0%12.7%1.2%20.8%
Fair value adjustments to warrant liability  2.01.4 -23.22.215.317.3 
Fair value adjustments to earn-out liability  1.00.4 -4.22.4   
Interest expense  -9.9-18.30.0-9.0-7.4-8.0-9.9-11.2
Total non-operating expense (income)  12.920.20.0-18.412.037.635.411.2
    Income before income taxes  17.15.8 43.624.0-14.8-33.528.9
Income tax expense  4.11.60.03.07.23.2-3.35.8
    Net income  13.04.20.040.616.9-18.0-30.223.1
   
Comprehensive income:          
Foreign currency translation adjustment  0.3-0.20.00.50.20.00.00.0
    Total comprehensive income  13.34.00.041.117.1-17.6-30.223.1
   
Common Share Data:          
Weighted average common shares outstanding - basic (in shares)  117.2117.20.1116.9115.990.0106.367.7
Weighted average common shares outstanding - diluted (in shares)  117.9117.20.1117.1116.0  67.7
   
Basic net income per share (in dollars per share)  $0.11$0.04($0.13)$0.35$0.15($0.19)($0.28)$0.34
Diluted net income per share (in dollars per share)  $0.11$0.04($0.13)$0.35$0.15($0.19)($0.28)$0.34

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