Welcome to our dedicated page for Eaco news (Ticker: EACO), a resource for investors and traders seeking the latest updates and insights on Eaco stock.
Eaco Corp (EACO) delivers essential electronic components and customized supply chain solutions to manufacturers across aerospace, computing, and industrial sectors. This dedicated news hub provides investors and professionals with real-time access to official announcements, strategic developments, and operational updates directly impacting the company’s market position.
Track earnings reports, acquisition announcements, and product innovations alongside critical updates on supply chain partnerships and leadership changes. All content is curated to help stakeholders monitor EACO’s role in electronics distribution and industrial hardware support.
Bookmark this page for streamlined access to press releases and regulatory filings. Visit regularly to stay informed about EACO’s evolving services in bin stocking, kitting solutions, and OEM-focused logistics programs that drive modern manufacturing efficiency.
EACO Corporation (OTC Pink:EACO) reported its Q4 results for the period ending November 30, 2022. Net sales increased by 19.6% to $76,319 thousand compared to $63,822 thousand in 2021. However, net income dropped 30.6% to $4,711 thousand, with earnings per share declining 30.2% to $0.97.
Despite the decline in profitability, the company expanded its sales workforce by 12%, now employing 366 individuals, maintaining 101 sales focus teams. Management expects to grow both headcount and teams in fiscal year 2023.
EACO Corporation (OTC Pink:EACO) announced substantial growth in its financial performance for the year ended August 31, 2022. The company reported net sales of $292,562,000, a 22.9% increase from the previous year, alongside a significant rise in net income to $21,308,000, marking a 154.1% growth. Earnings per share also surged by 155.6% to $4.37. Despite a modest increase in sales staff to 345, EACO anticipates further growth in fiscal year 2023, aiming to enhance its market presence.
EACO Corporation (OTCMKTS:EACO) reported strong financial results for the quarter ending May 31, 2022. Net sales reached $77,797 thousand, up 24.1% from $62,676 thousand in the previous year. Net income surged 73.1% to $5,330 thousand, with earnings per share increasing to $1.09 from $0.63 in 2021. Despite a slight decrease in sales employees, management anticipates continued growth in headcount and sales focus teams (103 teams) for fiscal year 2022, benefiting from their local presence business model.
EACO Corporation (OTCMKTS:EACO) reported strong financial results for the quarter ended February 28, 2022. Net sales reached $66,587 thousand, marking a 19.4% increase from $55,751 thousand in the previous year. Net income surged by 144.4% to $3,407 thousand from $1,394 thousand, resulting in earnings per share rising 150.0% from $0.28 to $0.70. Despite a slight decline in sales employees by 1.5%, the company added two sales focus teams and anticipates continued growth in headcount and market share.
EACO Corporation (OTCQB:EACO) reported significant financial results for the three months ended November 30, 2021, showing a strong increase in net sales and net income. Net sales reached $63,822 thousand, up 19.5% from the previous year, while net income soared to $6,786 thousand, representing a 697.4% increase. Earnings per share rose to $1.39, a 717.6% jump. Notably, net income benefited from $3.4 million in federal tax credits. The company reduced its sales staff by 8.7% but aims to grow both headcount and sales focus teams in fiscal year 2022.
EACO Corporation (OTCMKTS:EACO) reported its financial results for the year ended August 31, 2021. The company experienced a net sales increase of 5.6% compared to the previous year, totaling $237,962 thousand. Net income rose by 6.6% to $8,387 thousand, resulting in earnings per share of $1.71, a 7.5% increase. In the last quarter, net sales were $66,132 thousand, a 15.1% year-over-year growth. However, the total sales staff decreased by 8.3% to 342 employees amidst an operational focus on sales teams.
EACO Corporation (OTCMKTS:EACO) reported a significant increase in its financial performance for the quarter ended May 31, 2021. Net sales reached $62,676 thousand, marking a 14.1% increase from the previous year. Net income surged to $3,080 thousand, a rise of 75.5%. Basic and diluted earnings per share reached $0.63, up 75.0% from $0.36 in 2020. The company also saw a 5% rise in its Sales Focus Teams while experiencing a slight 2.2% decrease in overall sales employees. Management is optimistic about continued growth in fiscal year 2021.
EACO Corporation (OTCMKTS:EACO) reported its fiscal results for the quarter ending February 28, 2021. Net sales totaled $55.751 million, a decrease of 1.9% compared to the previous year. Net income fell by 46.3% to $1.394 million, with earnings per share declining 47.2% to $0.28. The company's sales team grew by 10 employees to a total of 361, supported by 100 sales focus teams, an increase of 2. Management expects further growth in both headcount and teams in fiscal year 2021, aiming to capture more market share.
EACO Corporation (OTCQB:EACO) reported Q3 results for the period ending November 30, 2020. Net sales decreased by 4.7% to $53,403 from $56,040 in 2019. Net income fell 55.6% to $851 compared to $1,917 a year earlier, with earnings per share down 56.4% at $0.17. Despite these declines, the company expanded its sales force by 6.4% to 373 employees and increased sales focus teams to 101, indicating a strategy for future growth.
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