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.

01/24/2024 09:00 AM

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1847 Secures $750,000 Credit Facility for its Wolo Manufacturing Subsidiary

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1847 Holdings LLC (EFSH) secures a $750,000 credit facility for its subsidiary, Wolo Manufacturing Corp. Wolo is a leading manufacturer and distributor of vehicle horns and safety products, and the credit facility will empower Wolo with working capital to fulfill strong customer demand and increase its sales potential by 50% to 70% year-over-year in 2024.

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12/27/2023 04:05 PM

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1847 Holdings Announces 1-for-4 Reverse Split

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1847 Holdings LLC (EFSH) announces a 1-for-4 reverse split of its common shares effective on January 8, 2024, to tighten the public float and attract institutional and other investors. The reverse split will reduce the number of outstanding shares from approximately 3.43 million to 0.86 million and the float from approximately 3.40 million to 0.85 million shares.

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11/14/2023 04:05 PM

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1847 Reports 29.8% Increase in Revenue to $18.8 Million for Q3 2023

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1847 Holdings LLC (EFSH) reports a 29.8% year-over-year increase in total revenue, reaching $18.8M for Q3 2023. Gross profit also surged by 64.9% compared to Q3 2022, amounting to $8.0M. The company expanded relationships with leading home builders, regained NYSE American listing compliance, and completed a $15 million credit facility refinancing. Additionally, they restructured promissory notes and affirmed a BB+ rating on their senior credit facility. CEO Ellery W. Roberts expects over 50% revenue growth in 2023 and plans to explore strategic options to maximize shareholder value.

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11/01/2023 08:30 AM

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1847 Holdings’ Subsidiary 1847 Cabinets Announces Expanded Relationship with One of the Nation’s Leading Home Builders

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1847 Holdings LLC, a unique holding company, announced that its subsidiary, 1847 Cabinets Inc., has entered into an expanded agreement with a national homebuilder to be its exclusive provider of windows for new residential construction projects in the Reno, Nevada area. The expanded relationship is expected to generate approximately $2 million of additional annual revenue.

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10/03/2023 08:00 AM

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1847 Holdings Regains Compliance with NYSE American Continued Listing Standards

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1847 Holdings regains compliance with NYSE American's listing standards

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09/21/2023 09:00 AM

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1847 CEO to Participate in Investor Fireside Chat

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CEO of 1847 Holdings LLC, Ellery Roberts, to participate in 'Fireside Chat' for investors on September 25, 2023. He will discuss positive recent developments and the outlook for the business, as well as address shareholder questions.

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09/18/2023 06:30 AM

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1847 Engages Spartan Capital to Explore Strategic Options, Including Potential Privatization

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1847 Holdings engages Spartan Capital Securities to explore strategic alternatives for enhancing shareholder value, including potential privatization. The company expects $90 million in sales this year, representing over 80% growth compared to the prior year. Any privatization would require a tender offer at a premium to the market price.

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09/12/2023 07:30 AM

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1847 Subsidiary, ICU Eyewear, Successfully Completes Refinancing and Upsizing of $15 Million Revolving Credit Facility

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1847 Holdings LLC announces successful refinancing of ICU's revolving loan, increasing borrowing capacity to $15 million and extending maturity to 2026. ICU plans to expand products and reach 15,000 retail locations by 2025. Company believes in providing value to portfolio companies and shareholders through a private-equity-style holding company model. Cash flow and profitability expected to improve as fixed costs are leveraged.

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09/05/2023 06:05 AM

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1847 Holdings Announces Notification of NYSE American Listing Deficiency

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1847 Holdings LLC announces reverse stock split to cure deficiency

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09/01/2023 04:30 PM

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1847 Holdings Announces 1-for-25 Reverse Stock Split

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1847 Holdings LLC announces a 1-for-25 reverse stock split to maintain NYSE compliance and attract investors. CEO expects $90 million in sales in 2023 and plans to resume dividends and repurchase stock.

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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.