1847 Holdings LLC - EFSH STOCK NEWS

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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.

05/06/2024 08:00 AM

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1847 Re-Engages ShareIntel to Investigate Potentially Improper and Illegal Trading Activity in the Company’s Common Stock

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1847 Holdings has re-engaged ShareIntel to investigate potentially improper and illegal trading activity in the company's common stock. The company aims to enhance corporate governance, monitor trading activity, and ensure regulatory compliance. Despite positive fundamentals and a recent $27.6 million deal, the CEO suspects market manipulation and illegal trading, including naked short selling.

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04/29/2024 08:00 AM

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1847 Provides Update on the Sale of 1847 Cabinets Inc.

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1847 Holdings , a company focusing on identifying undervalued investment opportunities, provided an update on the sale of its subsidiary, 1847 Cabinets Inc. The prospective buyer proposed an enterprise value of $27.6 million, including earn-out payments, representing a 5.91x multiple of 2023 EBITDA. The transaction is progressing through due diligence, with the closing expected within 90 days. The CEO, Mr. Ellery W. Roberts, highlighted plans to utilize proceeds for debt repayment, working capital, acquisitions, and potentially share repurchases, aiming to maximize shareholder value.

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04/23/2024 08:30 AM

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1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Million

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1847 Holdings announces the execution of a Letter of Intent to sell 1847 Cabinets Inc. for $27.6 million, representing a 5.91x multiple of 2023 EBITDA. The sale aims to maximize shareholder value and reallocate resources for growth opportunities, with the proceeds to strengthen financial position and pursue acquisitions for value creation. The transaction highlights the company's undervaluation and potential, signaling an attractive investment opportunity for shareholders.

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04/17/2024 08:30 AM

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1847 Reports 59.2% Increase in Revenue to $15.1 Million for the Fourth Quarter of 2023

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1847 Holdings reports a 59.2% increase in revenue to $15.1 million for the fourth quarter of 2023, with a gross profit increase of 99.8% compared to the same period in 2022. The total revenue for the year-ended December 31, 2023, was $68.7 million, showing a 40.4% year-over-year increase. The CEO highlights the record annual revenue and gross profit growth, attributing the success to strategic acquisitions like ICU Eyewear. The company is actively pursuing further acquisitions to drive growth and profitability. Operational achievements include a non-binding LOI for asset acquisition, record revenue growth for subsidiaries, and supply chain enhancements. Financially, while total revenues saw significant growth, there were declines in certain segments due to supply chain delays and decreased demand. The company's audited financial statements for 2023 will include a going concern note.

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04/08/2024 08:00 AM

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1847 Holdings to Acquire a Commercial Cabinet, Door & Millwork Manufacturer with Revenues of $28.6 Million and $5.2 Million of EBITDA in 2023

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1847 Holdings (EFSH) announces the execution of a non-binding Letter of Intent to acquire a large millwork, cabinetry, and door manufacturer in Las Vegas. The target generated $28.6 million in revenues, $4.5 million in net income, and $5.2 million in adjusted EBITDA in 2023. The purchase price is $16.75 million, expected to be completed in Q3 2024.

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03/26/2024 04:05 PM

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1847 Reminds Shareholders to Visit the Company's Website to Receive Schedule K-1 Electronically

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1847 Holdings reminds shareholders to visit the website to receive Schedule K-1 electronically or by mail. Shareholders should update information with brokerage firms for timely distribution. The company is classified as a partnership for tax purposes.

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03/26/2024 09:30 AM

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1847 Holdings Request for Withdrawal of Registration Statement on Form S-3

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1847 Holdings , a company focusing on deep value investment opportunities, filed a Request for Withdrawal with the SEC to withdraw its Registration Statement on Form S-3. The CEO emphasized the company's strong portfolio growth, including expansions in ICU Eyewear, plans for spinning off Signature Home Craft, and securing a credit facility for Wolo Manufacturing.

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03/20/2024 11:30 AM

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INTERVIEW: Benzinga Sits Down With Diversified Holding Company 1847’s (NYSE: EFSH) CEO To Discuss The Company’s Wins, Its Strategies For Success And More

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Ellery Roberts, a seasoned expert in spinning off companies, announces the successful spin-off of EFSH, leading to a surge in stock value.

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03/13/2024 10:00 AM

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1847 Holdings' ICU Eyewear Subsidiary Diversifies Manufacturing to Reduce Production Costs and Fortify Supply Chain

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1847 Holdings LLC (EFSH) announces ICU Eyewear's expansion of manufacturing operations in the Philippines and the U.S., aiming to reduce costs and enhance supply chain efficiency. The move includes negotiating favorable pricing with partners and eliminating tariffs to benefit from savings on accessories and eyewear. The company expects to leverage advanced technology for high-quality products and sustainable growth, positioning itself as a trailblazer in the eyewear industry.

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03/11/2024 08:00 AM

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1847 Holdings' ICU Eyewear Subsidiary Announces Strategic Expansion of Partnerships, Adding 300 New Locations with Leading US Retailer

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1847 Holdings LLC (EFSH) announces significant growth in store count through its largest retail partner, expanding to over 2200 stores. ICU Eyewear Holdings Inc., a subsidiary of 1847, focuses on key channels like Gift, Program, and Sports, as well as online sales to drive growth. The partnership with a major US retailer, planning to open 300 new stores, highlights ICU's market presence and growth potential in the eyewear industry.

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FAQ

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

The current stock price of 1847 Holdings (EFSH) is $0.232 as of January 22, 2025.

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

The market cap of 1847 Holdings (EFSH) is approximately 4.7M.

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.