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1847 Holdings LLC - EFSH STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect 1847 Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of 1847 Holdings's position in the market.

News
1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Million
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.92%
Tags
none
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News
1847 Reports 59.2% Increase in Revenue to $15.1 Million for the Fourth Quarter of 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.6%
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none
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News
1847 Holdings to Acquire a Commercial Cabinet, Door & Millwork Manufacturer with Revenues of $28.6 Million and $5.2 Million of EBITDA in 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.62%
Tags
acquisition
News
1847 Reminds Shareholders to Visit the Company's Website to Receive Schedule K-1 Electronically
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.76%
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none
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News
1847 Holdings Request for Withdrawal of Registration Statement on Form S-3
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.56%
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none
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News
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
Rhea-AI Summary
Ellery Roberts, a seasoned expert in spinning off companies, announces the successful spin-off of EFSH, leading to a surge in stock value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27.48%
Tags
none
News
1847 Holdings' ICU Eyewear Subsidiary Diversifies Manufacturing to Reduce Production Costs and Fortify Supply Chain
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-46.92%
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none
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News
1847 Holdings' ICU Eyewear Subsidiary Announces Strategic Expansion of Partnerships, Adding 300 New Locations with Leading US Retailer
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.33%
Tags
partnership
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News
INSIDER BUYING: CEO Ellery Roberts Picks Up Shares Of Acquisition Holding Company 1847
Rhea-AI Summary
1847 Holdings LLC. CEO Ellery Roberts shows confidence in the company by purchasing shares. The company is a diversified acquisition holding company investing in small businesses, with Roberts acquiring 154,364 shares at $3.30 per share. This move indicates his belief in the business and potential undervaluation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
Tags
acquisition
News
1847 Holdings’ Wolo Manufacturing Subsidiary Achieves Record 40% Year-Over-Year Revenue Growth in the First Two Months of 2024
Rhea-AI Summary
1847 Holdings LLC (EFSH) reports a 40% revenue increase for its subsidiary Wolo Manufacturing Corp in January and February 2024. The company's strategic initiatives have led to significant growth, supported by a new credit facility. Wolo focuses on innovation and expanding its product line to drive further success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.96%
Tags
none
Stock EFSH logo
1847 Holdings LLC

NYSE:EFSH

EFSH Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

EFSH Stock Data

6.44M
2.52M
6.82%
0.48%
5.53%
Administrative Management and General Management Consulting Services
Professional, Scientific, and Technical Services
Link
United States
New York

About EFSH

1847 holdings llc, through its subsidiaries, provides a range of products and services for agriculture, construction, lawn, and garden industries in north america. it operates through two segments, land management services, and retail and appliances. the land management services segment provides 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; and wholesales agricultural equipment and parts. the retail and appliances segment provides a range of appliance services, including sales, delivery/installation, in-home service and repair, extended warranties, and financing to homeowners, builders, and designers. the company also designs, builds, and installs custom cabinetry primarily for custom and semi-custom builders. 1847 partners llc serves as the manager of