1847 announces transformative initiatives in the first nine months of 2024, reports third quarter 2024 financial results and provides business update

Achieves 6.3% revenue growth for the first nine months of 2024 compared to 2023 new york, ny / accesswire / november 19, 2024 / 1847 holdings llc ("1847" or the "company") (nyse american:efsh), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided a business update and reported financial results for the third quarter ended september 30, 2024. q3 2024 highlights and subsequent events cash and cash equivalents, and restricted cash of $10.2 million as of september 30, 2024 disposition of icu eyewear; eliminated $4.8 million of net liabilities from the balance sheet sold high mountain door & trim inc. ("hmdt"), a division of 1847 cabinets for approximately $17 million, more than double the original purchase price completed $11.1 million public offering; eliminated $6.9 million of additional debt from the balance sheet signed definitive agreement to acquire the previously announced millwork, cabinetry, and door manufacturer based in las vegas, nevada (the "target") with unaudited revenue of $33.1 million and net income of $10.4 million for the trailing twelve months ended september 30, 2024.
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