1847 Holdings LLC (EFSH)
AMEX AMEX Primary Summary
1847 Holdings Announces Special Dividend of Series E Preferred Shares
NEW YORK, NY / ACCESSWIRE / December 31, 2024 / 1847 Holdings LLC (NYSE American:EFSH) ("1847 Holdings" or the "Company") today announced that its Board of Directors has declared a special dividend of newly designated Series E Preferred Shares. Each holder of the Company's Common Shares as of the record date of January 10, 2025 will receive one (1) Series E Preferred Share for each Common Share held.
1847 Holdings CEO Provides Letter to Shareholders
NEW YORK, NY / ACCESSWIRE / December 31, 2024 / 1847 Holdings LLC (NYSE American:EFSH) ("1847 Holdings" or the "Company"), today provided the following letter to shareholders from the Company's CEO, Ellery Roberts: To our valued shareholders, As 2024 draws to a close, I am pleased to reflect on what we view as a transformative year for 1847 Holdings, as we executed a series of strategic initiatives designed to position the Company for sustained growth and maximize shareholder value over the long term. A cornerstone of our growth strategy has been identifying and acquiring businesses that we believe have compelling cash earnings potential at attractive valuations.
1847 Holdings Completes Acquisition of Leading Cabinetry, Millwork & Door Manufacturer
Acquisition Adds $33.1 Million in Revenue and $10.4 Million in Net Income Transaction Highlights 1847's Proven Business Model and Positions the Company for Sustained Profitability and Strong Cash Flow NEW YORK, NY / ACCESSWIRE / December 17, 2024 / 1847 Holdings LLC (NYSE American:EFSH) ("1847 Holdings" or the "Company"), today announced the successful closing of its acquisition of CMD Inc. ("CMD"), a Las Vegas-based cabinetry, millwork and door manufacturer, with trailing twelve-month (TTM) revenues of $33.1 million and net income of $10.4 million as of October 31, 2024. The acquisition was completed for approximately $18.75 million, representing a highly accretive transaction for 1847.
1847 Holdings LLC Profile
| - Industry | - Sector | Mr. Ellery W. Roberts CEO | AMEX Exchange | US28252B8798 ISIN |
| US Country | 251 Employees | - Last Dividend | 11 Nov 2024 Last Split | 9 May 2018 IPO Date |
Overview
1847 Holdings LLC is a diversified company that focuses on acquiring and managing a variety of small businesses across North America. With operations spanning several industry segments including Retail and Appliances, Custom Carpentry, Automotive Supplies, and Eyewear, the company aims to leverage the synergies between these businesses to drive growth and profitability. Founded in 1948 and headquartered in New York, New York, 1847 Holdings LLC adopts a unique approach to business management, combining the operational flexibility and responsiveness of small enterprises with the financial resources of a publicly-traded company.
Products and Services
- Retail and Appliances - This segment caters to the North Bay area of Sonoma County, California, offering a comprehensive range of appliances. Products include home and kitchen appliances, with services encompassing sales, delivery and installation, in-home service and repair, extended warranties, and financing options. This holistic approach ensures that customers enjoy a seamless purchasing and post-purchase experience.
- Custom Carpentry - Specializing in woodworking, this division provides a wide array of carpentry solutions. Offerings range from doors, door frames, and base boards to more intricate items such as cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, and fireplace mantles. With an emphasis on customization, the segment strives to meet the unique needs and tastes of each customer.
- Automotive Supplies - This segment is devoted to the design and sale of horn and safety products catering to various vehicles and industrial equipment. The product lineup includes electric, air, truck, marine, motorcycle, and industrial horns. Additionally, it offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles, ensuring that safety is paramount in automotive and industrial operations.
- Eyewear Products - Catering to the eyewear market, this segment provides a broad spectrum of over-the-counter products. The range includes non-prescription reading glasses, sunglasses, blue light blocking eyewear, sun readers, and outdoor specialty sunglasses. Furthermore, it expands its offerings to select health and personal care items such as surgical face masks, addressing the evolving needs of consumers in the health and wellness space.
Contact Information
