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
Net sales				718.9	732.6	692.8	651.5	625.1
Net sales growth				15.0%	69.6%
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
Research and development costs				31.6	30.5	28.3	26.5	25.3
Amortization of intangible assets				14.5	14.3	14.0	13.4	12.5
Acquisition and restructuring costs				4.1	5.1	23.7	26.0	26.7
Other operating expense				1.4	1.1	0.8	2.6	1.7
Total operating expense				212.1	203.1	209.3	198.8	162.7
Operating income				85.9	100.8	77.5	67.8	94.3
Operating margin				11.9%	13.8%	11.2%	10.4%	15.1%
Fair value adjustments to warrant liability				11.6	34.8	32.6	17.3
Fair value adjustments to earn-out liability				-1.9	2.4
Interest expense				-34.2	-36.4	-39.1	-43.0	-42.5
Total non-operating expense (income)				66.5	96.2	94.2	68.6	42.5
Income before income taxes				19.3	4.6	-16.7	-0.8	51.8
Income tax expense				10.1	12.9	10.4	6.4	15.2
Net income				9.2	-8.2	-27.1	-7.2	36.5

Comprehensive income:
Foreign currency translation adjustment				0.8	0.3	0.0	0.0	0.0
Total comprehensive income				10.4	-7.6	-26.7	-7.5	36.3

Common Share Data:
Weighted average common shares outstanding - basic (in shares)				107.3	94.9	82.9	77.3	67.7
Weighted average common shares outstanding - diluted (in shares)				58.3	45.9			33.8

Basic net income per share (in dollars per share)				$0.03	$0.02	($0.16)	$0.06	$0.54
Diluted net income per share (in dollars per share)				$0.03	$0.02	($0.16)	$0.06	$0.54