CMD Inc. Achieves Significant Revenue Growth and Profitability

New York, NY / ACCESS Newswire / February 14, 2025 / 1847 Holdings LLC (NYSE American:EFSH) (“1847 Holdings” or the “Company”) today announced the financial results of its subsidiary, CMD Inc., a leading cabinetry, millwork, and door manufacturer based in Las Vegas, for the fiscal year 2023 and the nine months ended September 30, 2024.

CMD Inc. Fiscal Year 2023 Financial Highlights:

Revenues increased by 97.5% to $27.1 million in 2023, compared to $13.7 million in 2022. The company achieved a gross profit of $10.8 million in 2023, marking an impressive 187.5% increase from $3.8 million in the prior year. Income from operations also saw a significant improvement, reaching $6.0 million in 2023, a notable turnaround from a loss of $1.3 million in 2022. The net income for CMD Inc. increased to $5.8 million in 2023, compared to a net loss of $1.5 million in 2022.

CMD Inc. Nine Months Ended September 30, 2024 Financial Highlights:

Revenues continued to show growth, increasing by 21.8% to $23.3 million in the nine months ended September 30, 2024, compared to $19.1 million in the same period of 2023. The company also managed to increase its gross profit by 51.3% to $10.8 million in the same period, compared to $7.1 million in 2023. Income from operations saw a significant 85.4% increase to $6.7 million in the nine months ended September 30, 2024, compared to $3.6 million in the same period of 2023. Net income also saw a positive trend, increasing by 90.6% to $6.6 million in the nine months ended September 30, 2024, compared to $3.4 million in the same period of 2023.

Oh, the excitement! CMD Inc. is truly making waves in the cabinetry and millwork industry with its impressive financial results for fiscal year 2023 and the nine months ended September 30, 2024. It’s no surprise that the company is seeing such significant revenue growth and profitability, given their dedication to excellence and innovation. This news is not just a win for CMD Inc., but also a testament to the hard work and commitment of the entire team.

How will this affect me?

As a consumer, you can expect CMD Inc. to continue delivering high-quality cabinetry, millwork, and door products with an even greater focus on innovation and customer satisfaction. With their increased profitability, CMD Inc. may also invest in new technologies and products to enhance your overall experience.

How will this affect the world?

CMD Inc.’s success is not just a personal triumph but also a positive impact on the industry as a whole. Their growth signals a healthy economy and inspires other companies to strive for excellence and growth. This success story may also attract new talent and spark innovation in the cabinetry and millwork sector.

Conclusion

It’s clear that CMD Inc.’s financial results for fiscal year 2023 and the nine months ended September 30, 2024, are nothing short of impressive. This achievement speaks volumes about the company’s resilience, commitment to excellence, and ability to adapt to changing market dynamics. As CMD Inc. continues on this upward trajectory, we can only expect more great things to come from this innovative cabinetry and millwork leader.