1847 Holdings Q3 net loss $5.6M; signs $18.75M acquisition target with $10.4M net income

1847 Holdings LLC

2024-Q3 EPS reported -$393.13 revenue$12,390,797

Q3 2024 revenue $4.76M vs $4.68M YoY; operating loss widened to $3.41M from $1.21M.
Net loss from continuing ops $5.56M vs $5.14M in prior-year quarter.
Sold High Mountain Door & Trim for ~$17M (more than double purchase price); eliminated $4.8M in net liabilities from ICU Eyewear sale.
Completed $11.1M public offering; eliminated $6.9M of debt from balance sheet.
Definitive agreement to acquire a millwork/cabinetry/door maker with $33.1M revenue and $10.4M net income for ~$18.75M; closing by Dec 3, 2024.

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