Holley Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
HLLY$2.610.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss)
(in thousands)
| For the years ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $602,224 | $659,704 | $688,415 |
| Cost of goods sold | 363,680 | 403,615 | 434,757 |
| Gross profit | 238,544 | 256,089 | 253,658 |
| Selling, general, and administrative | 132,149 | 120,244 | 150,728 |
| Research and development costs | 18,710 | 23,844 | 29,083 |
| Amortization of intangible assets | 13,884 | 14,557 | 14,683 |
| Impairment of indefinite-lived intangible assets | 7,695 | - | 2,395 |
| Impairment of goodwill | 40,906 | - | - |
| Restructuring costs | 1,566 | 2,641 | 4,513 |
| Loss on sale of assets | 9,234 | - | 1,037 |
| Other operating expense (income) | (268) | 765 | 477 |
| Total operating expense | 223,876 | 162,051 | 202,916 |
| Operating income | 14,668 | 94,038 | 50,742 |
| Change in fair value of warrant liability | (7,570) | 4,111 | (57,021) |
| Change in fair value of earn-out liability | (2,333) | 2,303 | (10,731) |
| Loss (gain) on early extinguishment of debt | 141 | (701) | - |
| Interest expense, net | 50,690 | 60,746 | 40,227 |
| Total non-operating expense (income) | 40,928 | 66,459 | (27,525) |
| Income (loss) before income taxes | (26,260) | 27,579 | 78,267 |
| Income tax expense (benefit) | (3,025) | 8,399 | 4,493 |
| Net income (loss) | $(23,235) | $19,180 | $73,774 |
| Comprehensive income (loss): | |||
| Foreign currency translation adjustment | (452) | 234 | (990) |
| Pension liability gain | - | - | 302 |
| Total other comprehensive income (loss) | (452) | 234 | (688) |
| Total comprehensive income (loss) | $(23,687) | $19,414 | $73,086 |
| Common Share Data: | |||
| Weighted average common shares outstanding - basic | 118,441,580 | 117,378,854 | 116,762,928 |
| Weighted average common shares outstanding - diluted | 118,441,580 | 118,510,800 | 117,248,296 |
| Basic net income (loss) per share | $(0.20) | $0.16 | $0.63 |
| Diluted net income (loss) per share | $(0.20) | $0.16 | $0.14 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.