1847 reports more than doubling production within Kyle’s Custom Wood Shop

1847 Holdings provided an update on its 1847 Cabinet Inc. subsidiary, which acquired Kyle’s Custom Wood Shop, Inc. in September 2020. Ellery Roberts, CEO of 1847 Holdings, commented, “While the High Mountain Door and Trim and Innovative Cabinet & Design divisions have been growing at an impressive rate since acquisition, the recent growth within our custom cabinets is really exciting. To capitalize on this demand, we have more than doubled our production through strategic investments in the business. We believe our growth illustrates the success of our buy-and-build strategy, whereby we continually implement strategies to increase revenue, gain operating leverage and improve profitability within the subsidiaries. In addition to growing our base business, we are strategically expanding into new, high margin product categories. As an example, our Kyle’s Custom Wood Shop division, within the 1847 Cabinet Inc. subsidiary, recently entered into the custom closet market, which allows us to leverage our existing customer relationships and strong brand recognition in the market. This new revenue stream was not part of our original guidance of $90 million for 2023, and should further enhance both our top and bottom line results for this year and beyond. We are seeing similar improvements in each of our subsidiaries, which provides us confidence in the overall outlook for the business.”