1847 Holdings reports 9M CMD revenue $23.3M vs. $19.1M last year

Ellery Roberts, CEO of 1847 Holdings (EFSH), commented, “CMD’s outstanding financial performance underscores the effectiveness of our acquisition strategy and the strength of CMD’s operations. To drive CMD’s growth, we have implemented several strategic initiatives. We have obtained licenses to operate in Arizona and Utah and are actively bidding on projects scheduled to commence in 2025. Additionally, we have established a dedicated division focused on tract home projects in Northern Las Vegas, targeting both local and national builders. Recognizing a significant market opportunity in supplying Ready-To-Assemble cabinetry for Las Vegas’ multi-family housing market, we plan to leverage synergies with 1847 Holdings’ subsidiary, Innovative Cabinets and Design, to address this demand. We believe that these strategic initiatives position CMD for continued growth and enhanced market presence. By expanding into high-demand areas and addressing unmet market needs, we believe that CMD is well-equipped to capitalize on emerging opportunities. The acquisition of CMD further illustrates our ability to identify and acquire undervalued businesses with strong profitability at attractive valuations.”