Welcome to our dedicated page for 1847 Holdings news (Ticker: EFSH), a resource for investors and traders seeking the latest updates and insights on 1847 Holdings stock.
News about 1847 Holdings LLC (EFSH) focuses heavily on its activities as a diversified acquisition holding company and on developments affecting its capital markets profile. Press releases consistently describe 1847 Holdings as a holding company that specializes in identifying overlooked, deep-value investment opportunities in middle market and lower-middle market businesses, acquiring what it views as solid companies at reasonable multiples of cash flow and then strengthening their infrastructure and operations.
Investors following EFSH news will find updates on acquisitions, divestitures, and strategic alternatives for portfolio companies. For example, the company has reported the acquisition of CMD Inc., a provider of door solutions, custom cabinetry, and building enhancements, and later announced that it is exploring strategic alternatives for CMD due to strong inbound interest from strategic and financial sponsors. News items also cover divestitures such as the sale of High Mountain Door & Trim Inc. and the disposition of ICU Eyewear, which the company cites as part of its disciplined approach to value creation.
Another major theme in 1847 Holdings’ news flow is exchange listing and trading status. The company has issued multiple releases about NYSE American’s decision to commence delisting proceedings, the suspension of trading on that exchange, its request for a review, the Listing Qualifications Panel’s decision to uphold the delisting, and the subsequent filing of Form 25. Additional releases describe applications to have the common shares quoted on OTC markets, including the OTCQB Venture Market and the OTC Pink Limited tier, as well as the company’s stated objective of ultimately relisting on a senior U.S. exchange.
News releases also provide financial updates and guidance, including discussions of revenue growth, gross profit, operating income, net income from continuing operations, cash flow from operations, and non-GAAP measures such as EBITDA and Adjusted EBITDA. Management commentary often links these results to the company’s strategy of acquiring, enhancing, and monetizing undervalued businesses. For ongoing context on EFSH, readers can review these news items to track portfolio changes, financial performance, and developments in trading venue and capital structure.
1847 Holdings LLC (NYSE American: EFSH) announced that its subsidiary, 1847 Cabinets Inc., has partnered with ThinkEquity to evaluate strategic options, which may include a sale or spin-off. The objective is to capitalize on 1847 Cabinets' growth and favorable outlook. CEO Ellery W. Roberts highlighted a perceived disconnect between market value and the true intrinsic value of 1847 Holdings. There is no guarantee of a strategic outcome, and the process timeline remains unspecified.
1847 Holdings LLC (NYSE American:EFSH) has announced a special dividend in the form of warrants, issued to shareholders on January 3, 2023. Shareholders will receive one warrant for every ten common shares owned as of December 23, 2022, allowing the purchase of common shares at $4.20, expiring on January 3, 2026. The company anticipates revenues exceeding $60 million in 2023, driven by recent acquisitions. Warrants will be mailed to shareholders, and a registration statement is expected to be filed in Q1 2023.
1847 Holdings LLC (NYSE American: EFSH) announced a letter of intent for a $5 million revolving credit line to finance its acquisition of ICU Eyewear Holdings Inc.. ICU is expected to generate $25 million in revenue and $2 million in adjusted EBITDA in 2022. The transaction is anticipated to be highly accretive, enhancing financial flexibility without equity dilution. The company plans to defer its Q4 2022 dividend to maximize shareholder benefits from the acquisition. ICU is a well-established player in the OTC eyewear market with significant retail penetration.
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.
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