STOCK TITAN

1847 Holdings Stock Price, News & Analysis

EFSH NYSE

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.

1847 Holdings LLC (EFSH) operates as a diversified acquirer of middle market businesses across agriculture, construction, and retail sectors. This news hub provides investors with essential updates on strategic acquisitions, operational enhancements, and portfolio developments central to the company's value creation strategy.

Access timely reports on EFSH's land management services, retail appliance operations, and custom construction solutions. The curated collection includes press releases about asset acquisitions, financial performance milestones, and strategic divestitures that demonstrate the company's disciplined approach to unlocking business value.

Key updates cover infrastructure improvements across portfolio companies, partnership announcements in agricultural equipment distribution, and operational synergies achieved through the company's private equity model. Regular visitors gain insight into how EFSH identifies undervalued assets and implements cash flow optimization strategies.

Bookmark this page for consolidated access to verified updates about 1847 Holdings' market positioning. Check back regularly for new developments reflecting the company's focus on operational excellence and strategic arbitrage opportunities in middle market sectors.

Rhea-AI Summary

1847 Holdings (NYSE American: EFSH) reported its Q2 2024 financial results, showing a 4% sequential revenue increase and a 14.2% year-over-year gross profit growth. The company achieved total revenues of $15,501,359, down from $17,362,093 in Q2 2023. Despite revenue decreases across all segments, 1847 improved its gross profit to $6.7 million, up from $5.9 million in Q2 2023. The company also eliminated $4.2 million of debt through the sale of ICU Eyewear. 1847 is finalizing an acquisition of a millwork manufacturer and plans to sell a division of 1847 Cabinets Inc. by mid-September 2024. However, the company reported a net loss from continuing operations of $4,906,812, wider than the $3,361,797 loss in Q2 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
-
Rhea-AI Summary

1847 Holdings (NYSE American: EFSH) has announced the sale of its ICU Eyewear business assets through a private sale conducted by its senior secured lender on August 5, 2024. This strategic move will result in the elimination of approximately $4.2 million of debt from the company's balance sheet. CEO Ellery W. Roberts stated that this decision significantly strengthens 1847's financial position and aligns with their long-term strategy of maximizing shareholder value.

The company views this divestiture as an opportunity to focus on core operations and high-potential segments within their portfolio. 1847 Holdings specializes in identifying overlooked, deep value investment opportunities in middle market businesses, and this transaction demonstrates their proactive approach to enhancing overall business performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.8%
Tags
none
-
Rhea-AI Summary

1847 Holdings (NYSE American: EFSH) has provided an update on the proposed sale of a division of 1847 Cabinets Inc. The financing contingency from the Letter of Intent has been removed, and the transaction is expected to close by mid-September 2024. This strategic move aims to improve 1847's financial position and allow for resource reallocation.

CEO Ellery W. Roberts highlighted that this sale demonstrates the company's ability to acquire, operate, and enhance asset value before selling. Additionally, 1847 is close to finalizing a definitive agreement to acquire a leading millwork, cabinetry, and door manufacturer that generated $28.6 million in revenue in 2023. The company is also in discussions to sell another business line, reflecting its broader strategy to optimize asset allocation and enhance shareholder returns.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.96%
Tags
none
Rhea-AI Summary

1847 Holdings announced a 1-for-13 reverse stock split of its common shares, effective July 8, 2024. The company's shares will continue trading on NYSE American under the symbol 'EFSH'. The reverse split will reduce the number of outstanding shares from around 7.1 million to approximately 0.54 million, and the float from about 6.8 million to 0.53 million. CEO Ellery W. Roberts emphasized that this move aims to better position 1847 Holdings for future acquisitions and improve stock attractiveness to institutional investors. The new CUSIP number post-split will be 28252B861.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.29%
Tags
-
Rhea-AI Summary

1847 Holdings is encouraging its shareholders to vote in the upcoming Annual Shareholder Meeting on June 25, 2024, at 2:00 p.m. Eastern Time. The meeting will be held virtually and shareholders of record as of April 26, 2024, are invited to participate. Key proposals include the election of seven directors, ratification of the company's accounting firm, and amendments to the 2023 Equity Incentive Plan. Shareholders can vote online, via telephone, or by mail before 9 a.m. Eastern Time on June 24, 2024. Detailed information is available in the proxy statement online.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
none
-
Rhea-AI Summary

1847 Holdings (NYSE American: EFSH) has provided an update on its strategic initiatives. The company is close to finalizing a deal to acquire a millwork, cabinetry, and door manufacturer with 2023 revenues of $28.6 million for $16.75 million, which is approximately 3.2x the target's EBITDA. The company is also in advanced discussions to sell one of its business lines and is restructuring its debt to extend repayment duration and remove equity-linked repayment aspects. These actions aim to create a favorable capital structure and long-term value for shareholders. Further updates will follow as these transactions progress.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-36.36%
Tags
none
Rhea-AI Summary

1847 Holdings (NYSE American:EFSH) has provided a business update on pending strategic transactions aimed at improving cash flow, strengthening their balance sheet, and enhancing their capital structure. CEO Ellery W. Roberts reported strong first-quarter revenue growth and the successful divestiture of Asien's Appliance. The company is finalizing an agreement to acquire a significant millwork, cabinetry, and door manufacturer, which reported substantial EBITDA in 2023. These initiatives are expected to lower their leverage ratio and accelerate debt repayment. The overall goal is to position 1847 in a stronger financial state, generating more cash flow and improving balance sheet and capital structure. Further updates are anticipated as these transactions progress.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.11%
Tags
none
-
Rhea-AI Summary

1847 Holdings reported a 15% year-over-year increase in revenue for Q1 2024, reaching $14.9 million. Gross profit also rose by 13.3% to $5.6 million. The company executed a Letter of Intent to sell 1847 Cabinets for $27.6 million and another non-binding LOI to acquire a Las Vegas-based cabinetry manufacturer for $16.75 million. Notable subsidiary developments include ICU Eyewear's diversification in manufacturing and partnership expansion, and Wolo Manufacturing's supply chain diversification into India. The company restructured promissory notes and divested Asien's Appliance, improving the balance sheet. Despite these positives, 1847 Holdings reported a significant net loss of $11.2 million for Q1 2024, primarily due to increased operating expenses and amortization of debt discounts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
none
-
Rhea-AI Summary

1847 Holdings has re-engaged ShareIntel to investigate potentially improper and illegal trading activity in the company's common stock. The company aims to enhance corporate governance, monitor trading activity, and ensure regulatory compliance. Despite positive fundamentals and a recent $27.6 million deal, the CEO suspects market manipulation and illegal trading, including naked short selling.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.98%
Tags
none
Rhea-AI Summary

1847 Holdings , a company focusing on identifying undervalued investment opportunities, provided an update on the sale of its subsidiary, 1847 Cabinets Inc. The prospective buyer proposed an enterprise value of $27.6 million, including earn-out payments, representing a 5.91x multiple of 2023 EBITDA. The transaction is progressing through due diligence, with the closing expected within 90 days. The CEO, Mr. Ellery W. Roberts, highlighted plans to utilize proceeds for debt repayment, working capital, acquisitions, and potentially share repurchases, aiming to maximize shareholder value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
Tags
none

FAQ

What is the current stock price of 1847 Holdings (EFSH)?

The current stock price of 1847 Holdings (EFSH) is $0.0707 as of April 29, 2025.

What is the market cap of 1847 Holdings (EFSH)?

The market cap of 1847 Holdings (EFSH) is approximately 5.2M.
1847 Holdings

NYSE:EFSH

EFSH Rankings

EFSH Stock Data

5.21M
25.19M
5.32%
1.16%
4.57%
Conglomerates
Services-management Consulting Services
Link
United States
NEW YORK