1847 Holdings Stock Price, News & Analysis

1847 Holdings LLC (NYSE American: EFSH) announced the planned acquisition of ICU Eyewear Holdings Inc., expected to finalize in Q1 2023. The acquisition, valued at $4.5 million, involves $4 million in cash and notes. ICU, a leader in OTC eyewear with over 3,000 SKUs, generated $25 million in revenue and $2 million in adjusted EBITDA in 2022. ICU's market presence spans over 7,500 retail locations in the U.S., with plans to expand significantly by 2025.

1847 Holdings (NYSE American:EFSH) has reported continued growth amid challenging housing market conditions. Despite rising interest rates affecting new home purchases, demand for rental spaces and multi-family construction has surged. CEO Ellery W. Roberts highlighted the company's flexibility and diversified model, noting successful synergies among portfolio companies, especially in the cabinetry market. With a robust approach to acquiring businesses, 1847 Holdings aims to enhance profitability and cash flow, positioning itself for long-term success.

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.