1847 holdings reports cmd inc. strong revenue growth and profitability for fiscal year 2023 and nine months ended september 30, 2024

Cmd inc. achieves significant revenue growth and profitability new york, ny / access newswire / february 14, 2025 / 1847 holdings llc (nyse american:efsh) ("1847 holdings" or the "company") today announced the financial results of its subsidiary, cmd inc., a leading cabinetry, millwork, and door manufacturer based in las vegas, for the fiscal year 2023 and the nine months ended september 30, 2024. cmd inc. fiscal year 2023 financial highlights: revenues increased by 97.5% to $27.1 million in 2023, compared to $13.7 million in 2022 achieved a gross profit of $10.8 million in 2023, an 187.5% increase from $3.8 million in the prior year income from operations improved to $6.0 million in 2023, a notable turnaround from a loss of $1.3 million in 2022 net income increased to $5.8 million in 2023, compared to a net loss of $1.5 million in 2022 cmd inc. nine months ended september 30, 2024 financial highlights: revenues increased 21.8% to $23.3 million in the nine months ended september 30, 2024, compared to $19.1 million in the same period of 2023 increased gross profit by 51.3% to $10.8 million in the nine months ended september 30, 2024, compared to $7.1 million in the same period of 2023 income from operations increased 85.4% to $6.7 million in the nine months ended september 30, 2024, compared to $3.6 million in the same period of 2023 net income increased by 90.6% to $6.6 million in the nine months ended september 30, 2024, compared to $3.4 million in the same period of 2023 ellery w.
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