Exhibit 99.1 ECD Auto Design Reports Second Quarter 2024 Financial Results; Revenues Increase 129% to Record $8.9 Million Q2 2024 Maintains Strong Gross Margins While Revenue More Than Doubles, Drives Adjusted EBITDA of $0.4 Million Company's Reaf irms Full Year 2024 Revenue Guidance of $33.0 Million KISSIMMEE, FL / Globe Newswire / August 19, 2024 - ECD Automotive Design, Inc. (Nasdaq: ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-41497 ECD AUTOMOTIVE DESIGN, INC. (Exact name of registrant as specified in its charter) | --- | |---- ...

Q2 2024 Maintains Strong Gross Margins While Revenue More Than Doubles, Drives Adjusted EBITDA of $0.4 Million Company's Reaffirms Full Year 2024 Revenue Guidance of $33.0 Million KISSIMMEE, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (Nasdaq: ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its finan ...

KISSIMMEE, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design (Nasdaq:ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types and Ford Mustangs, will hold a conference call on Monday, August 19, 2024 at 4:30 PM Eastern Time to discuss its financial results for the second quarter 2024 ended June 30, 2024. Financial results will be issued in a press release prior to the call ...

Core Insights - ECD Auto Design has secured $2 million in funding from existing stakeholders to accelerate growth in its newly acquired Ford Mustang and Toyota FJ product lines, aiming to enhance pricing and margins through high-value licenses [1][2] - The company plans to introduce a "Build-To-Sell" model for clients seeking immediate purchases, with products to be showcased in a new retail location set to open in 2025 [1][2] Company Overview - ECD Auto Design, trading under the ticker ECDA on Nasdaq, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [2] - The company restores various models including Land Rover Defenders, Range Rover Classics, Jaguar E-Types, and recently added Ford Mustangs, with each vehicle being custom-built over approximately 2,200 hours by certified craftsmen [2] - Founded in 2013, ECD operates from a 100,000 square foot facility in Kissimmee, Florida, employing 90 skilled craftsmen and technicians, and has a logistics center in the U.K. for sourcing vehicles [2]

KISSIMMEE, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, renowned for its bespoke custom luxury vehicles, is thrilled to announce the launch of its latest masterpiece: The Pacific Palisades Commission, a fully customized electric Series III Roadster. This vehicle exemplifies ECD's commitment to blending classic aesthetics with cutting-edge technology, delivering an unparalleled driving experience. View high-resolution images and video HERE. The Pacific Palisades Commission is a testament to ...

Highlights of the Turtleback Trailer Include: Are you ready to create your own family adventure? Discover the perfect Defender for your next expedition and pair it with a Turtleback Trailer for the ultimate family-friendly travel experience! Brian M. Prenoveau, CFA MZ Group | Managing Director – MZ North America Direct: 561-489-5315 Mobile: 561-374-0177 brian.prenoveau@mzgroup.us With a classic ECD Land Rover Defender, families will be able to embark on a weekend adventure, as the oneof-a-kind custom vehicl ...

KISSIMMEE, Fla., July 16, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, renowned for its bespoke luxury vehicles, is thrilled to announce the launch of its highly anticipated online merchandise storefront. This new platform provides an exclusive range of high-quality ECD-branded apparel and accessories, meticulously crafted to resonate with the loyal community of ECD enthusiasts. Explore the collection here. For high-resolution images, please CLICK HERE. A Tribute to Our Valued Fans ECD Auto Design's new online ...

The Toyota FJ is celebrated for its tough, iconic off-roader status, with models like the FJ40 and FJ60 exemplifying ruggedness and livability. These vehicles have made a historic impact with their durable design and outstanding performance. Our passion for creating one-of-one masterpieces drives our team to ensure that each FJ embodies the original's rugged heritage while incorporating the innovative enhancements that make it an ECD bespoke vehicle. ECD Auto Design blends traditional craftsmanship with inn ...

Adopted Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which will add required disclosures of significant expenses for each reportable segment, as well as certain other disclosures to help investors understand how the chief operating decision maker ("CODM") evaluates segment expenses and operating results. The new guidance requires public entities to disclose, on an annual and interim basis, significan ...