CFO Jesse Weaver provided a cautious outlook for Q1 2024, attributing soft expectations to high inventory levels at distribution partners. However, confidence remains high for the second half of the year, with a strategic focus on product launches and organizational simplification expected to support the long-term goal of achieving at least a 20% EBITDA margin. Holley's guidance for 2024 forecasts net sales between $640 and $680 million, adjusted EBITDA of $125 to $145 million, and a bank-adjusted EBITDA leverage ratio of 3.5x to 4.0x. These projections reflect the company's strategic initiatives and the anticipated impact of a challenging macro-economic environment. In conclusion, Holley Inc's 2023 performance and forward-looking strategies demonstrate a company in the midst of a successful transformation, poised to navigate potential economic headwinds and continue delivering value to its stakeholders.