1847 Holdings LLC - EFSH STOCK NEWS

1847 Holdings (EFSH) reported strong financial results for Q3 2022, showing a remarkable 115% increase in revenue to $14.5 million, up from $6.7 million in Q3 2021. Gross profit surged 125.5% to $4.9 million, with a margin increase to 33.7%. Despite this growth, the company recorded a net loss of $4.5 million, attributed to high interest expenses and debt extinguishment losses. They reaffirmed a 2023 revenue guidance of over $60 million and anticipate a dividend exceeding $2 million. CEO Ellery W. Roberts emphasized the robust acquisition pipeline and plans for future capital rewards for shareholders.

1847 Holdings (NYSE American:EFSH) has engaged Shareholder Intelligence Services, LLC to enhance shareholder protection and value. This collaboration aims to improve corporate governance and regulate share trading through advanced analytics. The CEO, Ellery W. Roberts, believes this partnership will enable better monitoring of trading activities and compliance with SEC regulations. ShareIntel offers a compliance-driven SAAS that supports public companies in managing shareholder data, aiming for true price discovery and effective investment strategies.

1847 Holdings (EFSH) anticipates over $60 million in revenue and more than $7 million in cash flow from operations for 2023, based on its current portfolio. The company expects to distribute a dividend exceeding $2 million, reflecting its solid financial performance and strategic acquisitions of undervalued businesses. CEO Ellery W. Roberts highlighted their business model's effectiveness in minimizing shareholder dilution while maintaining profitability. These projections underscore 1847 Holdings' commitment to generating value for its shareholders through consistent growth.

1847 Holdings LLC (NYSE American:EFSH) announced its participation in the MicroCap Rodeo Windy City Roundup 2022 Conference on October 12-13, 2022, in Chicago, Illinois. CEO Ellery W. Roberts will present on October 13 at 2:00 p.m. CT. The presentation will be live webcasts and available for replay. One-on-one meetings with qualified investors are also scheduled. This event allows investors to connect with over 60 microcap companies, gaining insights into key value drivers for 2023.

1847 Holdings (NYSE American: EFSH) has announced a cash dividend of $0.13125 per share for the quarter ending September 30, 2022. The dividend will be payable on October 17, 2022, to shareholders of record on the close of business on September 30, 2022. As of August 31, 2022, there are 4,002,470 shares outstanding. This dividend reflects the company's commitment to providing value to shareholders through regular and special dividends, derived from the operational improvements of its acquired lower-middle market businesses.

1847 Holdings (NYSE American:EFSH) has adopted a Quarterly Dividend and Distribution Policy, intending to distribute $0.13125 per share quarterly, totaling $0.525 annually. This decision reflects confidence in the company's financial strength, subject to cash flow sufficiency from its subsidiaries. The Board will approve distributions based on operational results and business conditions, with payments expected in March, June, September, and December. CEO Ellery W. Roberts projects that annual dividends will represent approximately 55% of cash available for shareholder distributions.

1847 Holdings (NYSE American: EFSH) reported Q2 2022 revenues of $12.9 million, marking a 94% increase from Q2 2021, driven by substantial growth in the construction segment. However, revenues from the retail and appliances segment declined by 14.5%.

The company faced a net loss from continuing operations of $147,668 compared to a net income of $2.98 million in the previous year. Key developments included debt conversion of $5.4 million to equity and a public offering raising $6 million, reinforcing the company's balance sheet.

1847 Holdings (NYSE American:EFSH) announced the pricing of a public offering of 1,428,572 Common Shares at $4.20 per share, anticipating gross proceeds of approximately $6 million. The offering includes a 45-day option for underwriters to purchase an additional 214,286 shares. Trading of the shares commenced on August 3, 2022, with the offering expected to close around August 5, 2022. The registration statement was declared effective by the SEC on August 2, 2022. This offering aims to strengthen the company's capital base and enhance its acquisition strategy.

1847 Holdings (NYSE American:EFSH) announced an underwritten public offering of 1,428,572 Common Shares at $4.20 per share, aiming for approximately $6 million in gross proceeds. An additional option for underwriters to purchase 214,286 shares is included. Trading is set to begin on August 3, 2022, with closing anticipated around August 5, 2022, pending customary conditions. This move supports 1847 Holdings' strategy of acquiring lower-middle market businesses and enhancing their operations.