1847 Holdings LLC EFSH recently provided an update on its Wolo Manufacturing Corp. (“Wolo”) subsidiary. The Company reports that Wolo revenue increased by 40% in January and February of 2024, compared to the same period last year.
Ellery W. Roberts, CEO of 1847, remarked, “The strategic initiatives we set in motion in the fourth quarter of 2023 are now bearing fruit, evident in Wolo’s record year-over-year revenue growth in early 2024. This surge underscores the resounding demand for Wolo’s products and the efficacy of our market penetration strategies. Moreover, our recent procurement of a new credit facility for Wolo in late January 2024 further bolsters our ability to accelerate Wolo’s growth. This success reaffirms the value that 1847 delivers to our subsidiaries, both financially and operationally.”
Daniel J. Brown, President & CEO of Wolo, added, “Alongside our remarkable revenue and unit volume growth, we are committed to fostering innovation and are introducing new products to capitalize on our expanding brand recognition and loyal customer base. Our steadfast focus remains on sustaining this momentum and achieving even greater success in the months and years ahead. We extend our sincere gratitude for the unwavering support of 1847 and remain dedicated to driving significant returns for the entire organization and its shareholders.”
Wolo is a leading manufacturer and distributor of vehicle horns and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment and emergency vehicles.
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