Certain statements in this presentation may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Holley's future financial or operating performance. For example, projections of future revenue and adjusted EBITDA and other metrics, along with statements regarding the impact of organizational changes, are forward-looking statements. In ...

Holley Inc. (HLLY) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced break-even earnings, delivering a surprise of -100%.Over the last four quarters, the company has surpassed conse ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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: 001-39599 HOLLEY INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

PRESS RELEASE Exhibit 99.1 1801 Russellville Road Bowling Green, Kentucky 42101 Holley.com 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 leader in automotive aftermarket performance solutions, today announced financial results for its first quarter ended March 31, 2024. First Quarter Highlights vs. Prior Year Period 1See "Use an ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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: 001-39599 HOLLEY INC. (Exact name of registrant as specified in its charter) Delaware 87-1727560 (State or other jurisdiction of in ...

Financial Performance - Q4 2023 - Net sales increased by 1.0% year-over-year, reaching $155.7 million[13] - Gross margin improved significantly to 38.7%, an increase of 800 basis points compared to the previous year[13] - Adjusted EBITDA margin also saw substantial growth, reaching 18.3%, an increase of 850 basis points year-over-year[13] - Free cash flow generation improved significantly, reaching $29.9 million, a $31.2 million increase compared to the previous year[13] Financial Performance - Full Year 2023 - Net sales were $659.7 million, a decrease of 4.2% compared to the previous year's $688.4 million[43] - Gross margin improved to 38.8%, a 200 basis points increase from the previous year's 36.8%[43] - Adjusted EBITDA increased to $130.1 million, compared to $114.7 million in the previous year[43] - Adjusted EBITDA margin improved to 19.7%, a 300 basis points increase from the previous year's 16.7%[43] - Free cash flow generation was $83.6 million, a significant improvement from the previous year's negative $0.4 million[43] Outlook for 2024 - Q1 2024 net sales are projected to be between $150 million and $160 million[71] - Full year 2024 net sales are projected to be between $640 million and $680 million[71] - Full year 2024 adjusted EBITDA is projected to be between $125 million and $145 million[71] - Year-end bank-adjusted EBITDA leverage ratio is expected to be between 4.0x and 3.5x[71]

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 ...

Financial Data and Key Metrics Changes - Net sales for Q3 2023 were $156 million, up 1% year-over-year [13] - Gross margins improved by 600 basis points to 37.3% compared to 31.3% last year [39] - EBITDA margins increased by 840 basis points to 19% from 11% in Q3 2022 [42] - Free cash flow was $21.7 million for the quarter, a $32 million improvement year-over-year [7][43] - Year-to-date free cash flow reached $54 million, up $53 million compared to the same period in 2022 [36] Business Line Data and Key Metrics Changes - The electronics category saw a 13% increase in net sales, driven by proactive chip procurement efforts [38] - Over 65 new products were introduced in Q3, including the Sniper 2 EFI system [14] - Significant reductions in past dues were noted, with electronics past dues down nearly 50% to $5.5 million [39] Market Data and Key Metrics Changes - Attendance at four major events in Q3 increased by over 12% year-over-year, hosting over 75,000 enthusiasts [15] - The company is focusing on modern truck, Euro, and off-road segments, which represent significant growth opportunities [31] Company Strategy and Development Direction - The company is undergoing a transformation to become more consumer-centric, with a new organizational structure aimed at unlocking growth [4][10] - Focus on enhancing product development and customer experience through new leadership and a structured phase-gate system [17][27] - The long-term goal includes achieving gross margins of approximately 40% and EBITDA margins greater than 20% [49] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transformation efforts and their impact on financial performance [34] - The company anticipates continued strong free cash flow to support further debt paydown [44] - There is a focus on maintaining operational efficiency and cost containment to support future growth [41] Other Important Information - The company won several awards at SEMA, including for the Holley Easy-Level Fuel Level Sender [18][19] - A costless interest rate collar was entered to hedge $500 million of debt against interest rate fluctuations [45] Q&A Session Summary Question: How has Sniper 2 been received, particularly at SEMA? - Management reported excitement about Sniper 2's reception, noting significant attention and awards at the show [54] Question: Can you provide more detail on gross margin expansion? - The gross margin increase was primarily driven by improvements in freight and lower warranty expenses [58] Question: What is the current health of the enthusiast customer? - Management noted that Q3 is typically the lowest for order demand, but they expect normalization in Q4 as enthusiasts prepare for winter builds [70] Question: How should we think about the path to 40% gross margin and 20% EBITDA margin targets? - Management indicated that while growth is part of the equation, operational efficiencies can also drive margin improvements [71] Question: What is the capital allocation strategy moving forward? - The primary focus will be on paying down debt with excess free cash flow, while maintaining a capital-light business model [80]

Yes. Nothing to discuss specifically today, Brett. But yes, progress continues and there's really two focuses for EV for us. One is providing aftermarket performance parts for EV vehicles that come out of the factory OE as well as looking at some retrofit applications for EV components for classic and modern cars. So some exciting things we're looking at, and I'd just say more to come in the future. Okay. And then one real quick question. I think somebody asked earlier, but just -- do you have any color on ...

Holley remains steadfast in its vision to inspire and enable enthusiasts in their automotive adventures by bringing innovation, discovery, and fun to motor life. Our team of enthusiasts supports the journeys of our enthusiast customers by focusing on five key pillars of our strategy. Those are: One, prioritizing key categories and platforms; Two, product innovation; Three, mergers and acquisitions; Four, our customer-focused channel strategy; and Five, engaging and inspiring the enthusiasts. IÂ'd like to up ...