PRESS RELEASE Exhibit 99.1 1801 Russellville Road Bowling Green, Kentucky 42101 Holley.com HOLLEY REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS; EARLY STAGES OF TRANSFORMATION YIELDING POSITIVE YEAR-OVER-YEAR IMPROVEMENT IN Q4 PROFITABILITY Year Over Year Fourth Quarter Net Income Improvement of $16.4 Million and Adjusted EBITDA Growth of 89% Continued strong cash generation and debt paydown further reduces net leverage Provides outlook and guidance for Q1 and full year 2024 BOWLING GREEN, Ky. – Februar ...