Exhibit 99.1 PRESS RELEASE 1801 Russellville Road Bowling Green, Kentucky 42101 Holley.com HOLLEY REPORTS FIRST QUARTER 2024 RESULTS; CONTINUES ORGANIZATIONAL TRANSFORMATION WITH KEY EXECUTIVE APPOINTMENTS TO DRIVE ORGANIC GROWTH Delivered first quarter net sales of $158.6 million Paid down $15 million of debt and improved free cash flow generation by $15m, year-over year Reiterates full year 2024 outlook and provides Q2 outlook BOWLING GREEN, Ky. – May 8, 2024 – Holley Performance Brands (NYSE: HLLY), a le ...