---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-040405"
form_type: "8-K"
ticker: "EACO"
cik: "0000784539"
company_name: "EACO CORP"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:25:14.431881+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-040405
- form_type: 8-K
- ticker: EACO
- cik: 0000784539
- company_name: EACO CORP
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784539/000110465923040405/0001104659-23-040405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784539/000110465923040405/tm2311227d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-040405
- JSON: https://secwatch.observer/filing/0001104659-23-040405.json
- Plain text: https://secwatch.observer/filing/0001104659-23-040405.txt

## Key facts
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/784539/000110465923040405/0001104659-23-040405-index.htm

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