EACO reports record Q2 net sales of $76.9M, net income up 49.7% to $5.1M

EACO CORP

2023-Q2 EPS reported $2.01 revenue$153,244,000

Net sales $76.9M for Q2 Feb 28, 2023, up 15.5% from $66.6M in prior year quarter.
Net income $5.1M, up 49.7%; diluted EPS $1.05 vs $0.70, a 50% increase.
Sales employees increased to 370, up 32 (9.5%) from prior year; 105 sales focus teams (+3).
Management expects continued headcount and SFT growth in fiscal 2023.
Company believes it is gaining market share through its local presence business model.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EACO CORP reported quarter ended February 28, 2023 results: revenue $76,925, net income $5,100, EPS $1.05.

Period: quarter ended February 28, 2023
Revenue: $76,925
Net income: $5,100
EPS: $1.05
Result: reported results

Exact text from the filing

Net sales, net income and earnings per share were as follows for the three months ended February 28, 2023 (dollars in thousands, except per share information): Three Months Ended February 28, 2023 2022 % Change (unaudited) Net sales $ 76,925 $ 66,587 15.5 % Net income $ 5,100 $ 3,407 49.7 % Basic and diluted earnings per common share $ 1.05 $ 0.70 50.0 %

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Source: SEC EDGAR

accession 0001104659-23-040405

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