Every 10-Q that EACO CORP (EACO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow EACO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EACO filings page.
EACO Corporation reported strong growth for the quarter ended May 31, 2026. Net sales rose to $142.4M from $111.4M a year earlier, a 27.8% increase, while gross profit climbed to $44.4M and gross margin improved to 31.2%.
Quarterly net income attributable to common shareholders increased to $13.5M, with basic EPS of $2.79 versus $1.95 last year. For the first nine months, revenue reached $371.1M and net income $32.6M. Cash from operations was $4.5M, below the prior-year $9.4M, largely due to higher inventory, receivables, and estimated tax payments. EACO ended the period with $0.8M in cash, $33.2M in marketable securities, and an undrawn $20M credit line. Management continues to report a material weakness in internal control over financial reporting related to the closing process and is implementing remediation measures, including new software for lease accounting and reconciliations.
EACO Corporation delivered strong quarterly and year-to-date growth while continuing to address control issues. For the three months ended February 28, 2026, revenue rose to $117.8M from $100.1M, and net income increased to $9.8M from $6.8M, lifting diluted EPS to $2.00. Gross margin expanded to 30.7% as higher sales, especially in aerospace and defense, and better vendor/customer relationships supported pricing and mix.
For the six-month period, revenue reached $228.8M and net income $19.1M, both up strongly year over year, with stable tax rates. Cash and cash equivalents increased to $5.1M, supplemented by $24.9M of marketable securities and an undrawn $20M credit line extended to February 2028, providing ample liquidity after paying a previously accrued class action settlement.
Management disclosed that disclosure controls and procedures remain not effective due to a continuing material weakness in the financial closing process, particularly around manual journal entries, lease accounting and reconciliations. Remediation efforts include new lease and accounting software, but the weakness has not yet been fully remediated.
EACO Corporation reported strong quarterly growth, with net sales rising to $110.9 million from $93.9 million, an 18.1% increase, and gross margin improving to 31.0% from 29.6%. Net income increased to $9.3 million from $6.9 million, and basic earnings per common share grew to $1.91 from $1.41, reflecting higher volumes and better pricing and vendor relationships, particularly in aerospace and defense.
Selling, general and administrative expenses rose to $21.8 million from $18.9 million as total headcount expanded to support growth, but SG&A as a percentage of sales declined slightly. Operating cash flow was a modest outflow of $0.6 million, influenced by lower accrued expenses after paying a $7.8 million wage-and-hour class action settlement in September 2025.
At November 30, 2025, EACO held $0.5 million of cash and cash equivalents and $29.7 million of trading marketable securities, against total liabilities of $64.4 million and shareholders’ equity of $165.1 million. The company had $3.0 million outstanding on a $20.0 million credit line and continues to remediate a material weakness in internal control over financial reporting related to the closing process and lease accounting.