---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-001922"
form_type: "8-K"
ticker: "EACO"
cik: "0000784539"
company_name: "EACO CORP"
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T18:23:36.732912+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EACO reports record Q1 net sales of $76.3M, net income down 30.6% YoY

## Summary
- Net sales $76.3M, up 19.6% YoY; net income $4.7M, down 30.6% YoY (prior year had $3.4M tax credit benefit).
- Diluted EPS $0.97 vs $1.39 in prior year quarter, a 30.2% decline.
- Sales headcount rose 12% to 366 employees; sales focus teams (SFTs) unchanged at 101.
- Management expects continued growth in sales headcount and SFTs in fiscal 2023.
- Company believes it continues to gain market share through its local presence business model.

## SEC filing metadata
- accession: 0001104659-23-001922
- form_type: 8-K
- ticker: EACO
- cik: 0000784539
- company_name: EACO CORP
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784539/000110465923001922/0001104659-23-001922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784539/000110465923001922/tm232555d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-001922
- JSON: https://secwatch.observer/filing/0001104659-23-001922.json
- Plain text: https://secwatch.observer/filing/0001104659-23-001922.txt

## Key facts
- Earnings Releases
  EACO CORP reported quarter ended November 30, 2022 results: revenue $ 76,319, net income $ 4,711, EPS $ 0.97.
  - Period: quarter ended November 30, 2022
  - Revenue: $ 76,319
  - Net income: $ 4,711
  - EPS: $ 0.97
  - Result: reported results
  source text: Net sales, net income and earnings per share were as follows for the quarter ended November 30, 2022 (dollars in thousands, except per share information): Three Months Ended November, % 2022 2021 Change (unaudited) (unaudited) Net sales $ 76,319 $ 63,822 19.6 % Net income $ 4,711 $ 6,786 * (30.6 %) Basic and diluted earnings per common share $ 0.97 $ 1.39 (30.2 %)
  evidence_url: https://www.sec.gov/Archives/edgar/data/784539/000110465923001922/0001104659-23-001922-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.