$1847 Holdings (EFSH.US)$ Q3 2024 Highlights and Subsequent ...
$1847 Holdings (EFSH.US)$ 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. Scheduled to close on or before December 3, 2024
• 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. Scheduled to close on or before December 3, 2024
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