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 (OTCQB: EFSH) announced its approval to uplist to the NYSE American Exchange, subject to meeting requirements, alongside an underwritten public offering of common stock and warrants. Trading is set to commence on April 29, 2022. CEO Ellery W. Roberts emphasized the uplist as a significant milestone, enhancing growth prospects and expressing gratitude to shareholders for their support. The company aims to acquire lower-middle market businesses, improving their infrastructures for future value realization.
1847 Holdings (EFSH) has announced its support for the Boys & Girls Clubs of Truckee Meadows in Reno, enhancing community wellness programs. CEO Ellery W. Roberts emphasized the importance of lower-middle market businesses as key economic drivers, committing to replicate this initiative across their operating territories. The financial support aims to improve fitness opportunities for underserved youth. With over 4,300 Clubs nationwide, the organization plays a critical role in fostering a safe environment for youth development.
1847 Holdings (EFSH) reported financial results for FY 2021, showcasing a proforma revenue increase to $51.5 million, up from $41.7 million in 2020. The company completed significant acquisitions, including Wolo and Innovative Cabinets, and secured $24.86 million in institutional funding. Despite the growth, GAAP revenues were $30.66 million, with a net loss of $3.72 million. The company declared its first quarterly dividend in December 2021 and aims to uplist to a major exchange, enhancing future growth potential.
1847 Holdings (OTCQB: EFSH) declared a quarterly dividend of $0.05 per share for Q1 2022, payable on April 15, 2022, to shareholders of record as of March 31, 2022. CEO Ellery W. Roberts emphasized the company's strong performance and commitment to sharing success with shareholders through this second consecutive cash dividend. The press release highlights the company's strategy of acquiring lower-middle market businesses and enhancing their value, indicating a robust operational model.
1847 Holdings (EFSH) announced plans to increase its quarterly dividend from $0.05 to $0.10 per share, coinciding with its uplisting to a national securities exchange. This decision reflects management's confidence, driven by a strong revenue base and an improved balance sheet. The company attributes its progress to a $25 million institutional financing completed in October 2021, allowing for strategic reinvestment in subsidiaries and operational improvements. The dividend hike underscores the firm’s commitment to rewarding shareholders as it navigates diverse market opportunities.
1847 Holdings has appointed Eric VanDam as its new Chief Operating Officer, effective immediately. VanDam, with over 30 years of experience, notably in lean manufacturing through his work with Toyota, aims to support the company's growth and enhance operational efficiency. His expertise includes implementing the Toyota Production System across various industries, including furniture and automotive. CEO Ellery W. Roberts expressed confidence in VanDam's ability to add significant value to 1847 Holdings' portfolio.
1847 Holdings (OTCQB: EFSH) announced a new community support initiative, launching a campaign to support Boys & Girls Clubs in regions where its subsidiaries operate. The first beneficiary is the Boys & Girls Clubs of Ada County, Idaho, receiving financial backing for sports and recreation programs that will benefit 2,500 children and teens. CEO Ellery W. Roberts emphasized the importance of giving back to the community, stating this initiative will extend across all operating territories.
1847 Holdings (OTCQB: EFSH) announced its first quarterly dividend of $0.05 per share for Q4 2021, payable on January 15, 2022, to shareholders of record as of December 31, 2021. This dividend represents an expected annual total of $0.20 for fiscal 2022. The company recently raised nearly $25 million in financing, enhancing its financial position and enabling strategic reinvestment into its subsidiaries. This funding also supports acquisitions of High Mountain Door & Trim Inc. and Sierra Homes, LLC, strengthening operations and cash flow.
1847 Holdings (OTCQB: EFSH) has announced the closing of two acquisitions: High Mountain Door & Trim Inc. and Sierra Homes, LLC. This strategic move is expected to drive EBITDA to over $7 million and expand the company’s footprint in Northern Nevada and Lake Tahoe. With these additions, the revenue of 1847 Cabinet is projected to reach approximately $32 million, with an EBITDA of $4.5 million for the trailing 12 months. The company aims to initiate quarterly dividends to common shareholders starting this quarter, leveraging its buy-and-build strategy to enhance market presence.
1847 Holdings LLC (OTCQB: EFSH) has appointed Vernice L. Howard as its new CFO, effective September 7, 2021. Howard brings over 30 years of finance and accounting experience, previously serving as CFO of Independent Electrical Contractors, Inc. since 2010. CEO Ellery W. Roberts expressed confidence in Howard's ability to enhance the company's operations. This leadership change follows the departure of Jay Amond, who is pursuing new opportunities. 1847 Holdings focuses on acquiring and improving lower-middle market businesses, aiming for enhanced valuations and regular dividends for shareholders.
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