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1847 Holdings LLC - EFSH STOCK NEWS

Welcome to our dedicated page for 1847 Holdings news (Ticker: EFSH), a resource for investors and traders seeking the latest updates and insights on 1847 Holdings stock.

1847 Holdings LLC, through its subsidiaries, provides a wide range of products and services for agriculture, construction, lawn, and garden industries in North America. The company operates through two segments: land management services and retail and appliances. The land management services segment offers waste disposal and various agricultural services, such as manure spreading, land rolling, bin whipping, cleaning of bulk storage bins and silos, equipment rental, trucking, vacuuming, building erection, various shop, and other services to local agricultural and farming communities. It also wholesales agricultural equipment and parts. On the other hand, the retail and appliances segment provides appliance services, including sales, delivery/installation, in-home service and repair, extended warranties, and financing to homeowners, builders, and designers. Furthermore, the company designs, builds, and installs custom cabinetry primarily for custom and semi-custom builders. 1847 Partners LLC serves as the manager of 1847 Holdings LLC.

1847 Holdings LLC is a diversified holding company operating in four segments: Retail and appliances, Retail and Eyewear, Construction, and Automotive Supplies. The company mainly generates revenue from the Construction segment. Through its subsidiaries, 1847 Holdings provides various land application services, sells equipment and parts, and focuses on the agricultural, construction, and lawn and garden industries.

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1847 Holdings (EFSH) announced plans to increase its quarterly dividend from $0.05 to $0.10 per share, coinciding with its uplisting to a national securities exchange. This decision reflects management's confidence, driven by a strong revenue base and an improved balance sheet. The company attributes its progress to a $25 million institutional financing completed in October 2021, allowing for strategic reinvestment in subsidiaries and operational improvements. The dividend hike underscores the firm’s commitment to rewarding shareholders as it navigates diverse market opportunities.

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1847 Holdings has appointed Eric VanDam as its new Chief Operating Officer, effective immediately. VanDam, with over 30 years of experience, notably in lean manufacturing through his work with Toyota, aims to support the company's growth and enhance operational efficiency. His expertise includes implementing the Toyota Production System across various industries, including furniture and automotive. CEO Ellery W. Roberts expressed confidence in VanDam's ability to add significant value to 1847 Holdings' portfolio.

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1847 Holdings (OTCQB: EFSH) announced a new community support initiative, launching a campaign to support Boys & Girls Clubs in regions where its subsidiaries operate. The first beneficiary is the Boys & Girls Clubs of Ada County, Idaho, receiving financial backing for sports and recreation programs that will benefit 2,500 children and teens. CEO Ellery W. Roberts emphasized the importance of giving back to the community, stating this initiative will extend across all operating territories.

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1847 Holdings (OTCQB: EFSH) announced its first quarterly dividend of $0.05 per share for Q4 2021, payable on January 15, 2022, to shareholders of record as of December 31, 2021. This dividend represents an expected annual total of $0.20 for fiscal 2022. The company recently raised nearly $25 million in financing, enhancing its financial position and enabling strategic reinvestment into its subsidiaries. This funding also supports acquisitions of High Mountain Door & Trim Inc. and Sierra Homes, LLC, strengthening operations and cash flow.

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1847 Holdings (OTCQB: EFSH) has announced the closing of two acquisitions: High Mountain Door & Trim Inc. and Sierra Homes, LLC. This strategic move is expected to drive EBITDA to over $7 million and expand the company’s footprint in Northern Nevada and Lake Tahoe. With these additions, the revenue of 1847 Cabinet is projected to reach approximately $32 million, with an EBITDA of $4.5 million for the trailing 12 months. The company aims to initiate quarterly dividends to common shareholders starting this quarter, leveraging its buy-and-build strategy to enhance market presence.

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1847 Holdings LLC (OTCQB: EFSH) has appointed Vernice L. Howard as its new CFO, effective September 7, 2021. Howard brings over 30 years of finance and accounting experience, previously serving as CFO of Independent Electrical Contractors, Inc. since 2010. CEO Ellery W. Roberts expressed confidence in Howard's ability to enhance the company's operations. This leadership change follows the departure of Jay Amond, who is pursuing new opportunities. 1847 Holdings focuses on acquiring and improving lower-middle market businesses, aiming for enhanced valuations and regular dividends for shareholders.

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1847 Holdings (OTCQB: EFSH) reported significant financial growth in its Q2 2021 results. Revenue surged to $6.6 million, marking a profound increase of 461% from Q2 2020. The company achieved a positive net income of $3.0 million, a $3.7 million improvement from a net loss in the prior year. Shareholders' equity rose by 181% to $9 million. The press release highlights the growth across its segments, especially retail and appliances, with revenues of $3.4 million.

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1847 Holdings (OTCQB: EFSH) announced the sale of its 55% stake in 1847 Neese Inc. for $325,000, expected to increase shareholder equity by approximately $3.4 million. This strategic move allows the company to redirect resources towards higher return opportunities through other subsidiaries, like 1847 Hydroponic. The transaction also positions 1847 Holdings closer to meeting listing standards for a national exchange. Since acquiring Neese in 2017 without investing equity, the internal rate of return remains incalculable, thus underscoring the financial benefit of this divestment.

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1847 Holdings (OTCQB: EFSH) has successfully completed its acquisition of Wolo Manufacturing Corp. and Wolo Industrial Horn & Signal, Inc.. Founded in 1965, Wolo specializes in manufacturing horn and safety products, including emergency lights for various vehicles. The acquisition will strengthen 1847 Holdings’ portfolio, expanding capabilities in the robust auto parts manufacturing market, projected to surpass $73 billion by 2023. CEO Ellery W. Roberts highlighted the debt-free status and strong operating margins of Wolo, along with plans for cash dividends in the second half of the year.

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1847 Holdings (OTCQB: EFSH) announced a $100 million acquisition of multiple retail hydroponic and garden supply stores through its subsidiary, 1847 Hydroponic Inc. The deal consists of $90 million in cash and a $10 million buyer note, expected to close in Q2 2021. The acquired businesses generated $42.8 million in revenue and $8.2 million in net income over the last year. This acquisition represents a valuation multiple of 2.33x trailing twelve-month revenue, significantly below comparable companies trading above 8x, indicating potential for shareholder value creation.

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FAQ

What is the current stock price of 1847 Holdings (EFSH)?

The current stock price of 1847 Holdings (EFSH) is $0.23 as of December 20, 2024.

What is the market cap of 1847 Holdings (EFSH)?

The market cap of 1847 Holdings (EFSH) is approximately 3.8M.

What products and services does 1847 Holdings LLC provide?

Through its subsidiaries, 1847 Holdings LLC offers a wide range of products and services for agriculture, construction, lawn, and garden industries in North America.

In how many segments does 1847 Holdings LLC operate?

1847 Holdings LLC operates in two segments: land management services and retail and appliances.

What is the main focus of the land management services segment of 1847 Holdings LLC?

The land management services segment of 1847 Holdings LLC provides waste disposal, various agricultural services, and wholesales agricultural equipment and parts.

What services are offered by the retail and appliances segment of 1847 Holdings LLC?

The retail and appliances segment of 1847 Holdings LLC provides appliance services, including sales, delivery/installation, in-home service and repair, extended warranties, and financing.

Who serves as the manager of 1847 Holdings LLC?

1847 Partners LLC serves as the manager of 1847 Holdings LLC.

What are the main segments of operation for 1847 Holdings LLC?

1847 Holdings LLC operates in four segments: Retail and appliances, Retail and Eyewear, Construction, and Automotive Supplies.

How does 1847 Holdings LLC generate revenue?

1847 Holdings LLC generates maximum revenue from the Construction segment.

What is the investment thesis of 1847 Holdings LLC?

1847 Holdings LLC's investment thesis is to acquire businesses deemed 'solid' for reasonable multiples of cash flow, improve operations, and potentially sell or hold operating subsidiaries.

What strategic initiatives has 1847 Holdings LLC recently undertaken?

1847 Holdings LLC has executed a non-binding Letter of Intent to sell 1847 Cabinets Inc., initiated diversification and expansion of partnerships, divested certain business lines, and engaged in restructuring and debt repayment activities.

Who founded 1847 Holdings LLC?

1847 Holdings LLC was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors.

1847 Holdings LLC

OTC:EFSH

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3.77M
16.33M
1.21%
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