NEW YORK, NY / ACCESSWIRE / June 10, 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 an update on its ongoing business activities and strategic initiatives. Ellery W. Roberts, CEO of 1847 Holdings, commented, "We remain on track with several potentially transformative strategic transactions.

Mon, Jun. 10, 2024

Gross profit increases 13.3% in Q1 2024 vs Q1 2023   NEW YORK, NY / ACCESSWIRE / May 16, 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 first quarter ended March 31, 2024. Q1 2024 Key Highlights Total Revenue was $14.9M in Q1 2024 compared to $13.0M in Q1 2023, a 15.0% year-over-year increase Gross profit was $5.6M in Q1 2024 compared to $4.9M in Q1 2023, a 13.3% year-over-year increase Executed Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Million Executed non-binding LOI to acquire a large, established millwork, cabinetry and door manufacturer based in Las Vegas, NV with revenues of $28.6 million, with a purchase price of $16.75 million which represents approximately 3.2x 2023 EBITDA Announced ICU Eyewear subsidiary diversified manufacturing to reduce production costs and fortify supply chain Announced ICU Eyewear subsidiary's strategic expansion of partnerships, adding 300 new locations with leading US retailer Completed refinancing and upsizing of $15 million revolving credit facility for ICU Eyewear subsidiary Expanded Wolo Manufacturing Corp subsidiary into India through supply chain diversification program Restructured promissory notes to non-dilutive debt instruments Divested Asien's Appliance business, significantly enhancing balance sheet Mr.

Thu, May. 16, 2024

NEW YORK, NY / ACCESSWIRE / May 6, 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 reports it has re-engaged Shareholder Intelligence Services, LLC ("ShareIntel") to utilize their patented, proprietary service offerings to obtain share trading analytic metrics designed to help coordinate, monitor and enhance corporate governance, shareholder communication, regulatory compliance and surveillance of trading in the Company's shares in an effort to allow Company to better monitor trading activity, including potential violations of SEC Regulation SHO, which governs stock and option share locate, closeout and fail to deliver requirements. Mr. Ellery W.

Mon, May. 06, 2024

NEW YORK, NY / ACCESSWIRE / April 29, 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 an update on the sale of 1847 Cabinets Inc. As previously announced on April 23, 2024, the Company executed a non-binding Letter of Intent ("LOI") with a prospective strategic buyer to sell all of the assets of 1847 Cabinets Inc. ("1847 Cabinets"). Under the terms of the LOI, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all of the assets of 1847 Cabinets, including $11.5 million in earn-out payments over a three-year period, representing a 5.91x multiple of 2023 EBITDA of approximately $4.7 million.

Mon, Apr. 29, 2024

NEW YORK, NY / ACCESSWIRE / April 24, 2024 / 1847 Holdings LLC. (AMEX:EFSH), a specialized holding company that buys undervalued and overlooked small and medium-sized businesses, is expanding its presence in the millwork, cabinetry and door manufacturer markets by signing a letter of intent to acquire a leading player in that space.

Wed, Apr. 24, 2024