Holley Inc. [Rocket]

In millions, except per share items	Jul-02-23	Apr-02-23	Dec-31-22	Jul-03-22	Apr-03-22	Dec-31-21	Sep-26-21	Jun-27-21
	10-Q	10-Q	8-K	10-Q	10-Q	10-K	10-Q	10-Q
Revenues:
Italy				20.5	19.6	18.4
United States				698.5	713.0	674.5	638.1	615.8
Total revenues				718.9	732.6	692.8	651.5	625.1
Revenue growth [+]				15.0%	31.4%
United States				13.4%
Cost of goods sold				421.0	428.7	406.0	384.8	368.1
Gross profit				297.9	303.8	286.8	266.6	257.0
Gross margin				41.4%	41.5%	41.4%	40.9%	41.1%
Selling, general and administrative [+]				137.2	127.1	116.8	101.2	89.6
Sales and marketing				99.5	89.4		79.1	67.5
General and administrative						37.7
Research and development				31.6	30.5	28.3	26.5	25.3
Other operating expenses				27.3	28.7	26.5	31.8	8.6
EBITDA [+]				124.8	140.2	138.0	127.6	136.4
EBITDA growth				-8.5%	22.6%
EBITDA margin				17.4%	19.1%	19.9%	19.6%	21.8%
Depreciation				16.2	15.9	16.0	13.6	2.9
EBITA				108.6	124.4	122.0	114.0	133.5
EBITA margin				15.1%	17.0%	17.6%	17.5%	21.4%
Amortization of intangibles				21.3	21.2	20.8	20.2	12.5
EBIT [+]				87.3	103.2	101.2	93.8	121.0
EBIT growth				-27.8%	-1.3%
EBIT margin				12.1%	14.1%	14.6%	14.4%	19.4%
Non-recurring items [+]				1.4	2.4	23.7	26.0	26.7
Restructuring charges				4.1	5.1	23.7	26.0	26.7
Unusual expense					-2.7
Interest expense				34.2	36.4	39.1	43.0	42.5
Interest expense				34.2	36.4	39.1	43.0	42.5
Other income (expense), net [+]				-32.3	-59.7	-55.1	-25.6
Gain (loss) on debt retirement						13.7	-1.4
Change in fair value of warrants				11.6	34.8	32.6	17.3
Change in value of contingent liability				-1.9	2.4
Pre-tax income				19.3	4.6	-16.7	-0.8	51.8
Income taxes				10.1	12.9	10.4	6.4	15.2
Tax rate				52.2%	277.8%		-823.7%	29.4%
Net income				9.2	-8.2	-27.1	-7.2	36.5
Net margin				1.3%	-1.1%	-3.9%	-1.1%	5.8%

Basic EPS [+]				$0.09	($0.09)	($0.33)	($0.09)	$0.54
Growth				-84.0%	-116.9%
Diluted EPS [+]				$0.09	($0.09)	($0.33)	($0.09)	$0.54
Growth				-84.1%	-116.9%

Growth				-100.0%	-100.0%

Shares outstanding (basic) [+]				107.3	94.9	82.9	77.3	67.7
Growth				58.5%	87.1%
Shares outstanding (diluted) [+]				107.4	95.0	82.9	77.3	67.7
Growth				58.6%	87.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.