EACO reports record Q4 net sales ($85.9M) and net income ($6.1M); FY2023 sales up 9.2%

EACO CORP

Q4 net sales of $85.9M (+1.8% YoY); net income of $6.1M (+4.7%); EPS $1.24 (+4.2%).
FY2023 net sales of $319.4M (+9.2%), a record; net income $21.2M (-0.6% vs prior year).
Sales headcount rose 49 to 394 employees (+14%); sales focus teams increased to 107.
Management expects continued growth in headcount and SFTs in fiscal 2024.

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 three months ended August 31, 2023 results: revenue $85,904, net income $6,055, EPS $1.24.

Period: three months ended August 31, 2023
Revenue: $85,904
Net income: $6,055
EPS: $1.24
Result: reported results

Exact text from the filing

Net sales, net income and earnings per share were as follows for the year ended August 31, 2023 (dollars in thousands, except per share information): Three Months Ended August 31, % 2023 2022 Change (unaudited) (unaudited) Net sales $ 85,904 $ 84,356 1.8 % Net income $ 6,055 $ 5,785 4.7 % Basic and diluted earnings per common share $ 1.24 $ 1.19 4.2 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EACO CORP reported the year ended August 31, 2023 results: revenue $319,397, net income $21,185, EPS $4.34.

Period: the year ended August 31, 2023
Revenue: $319,397
Net income: $21,185
EPS: $4.34
Result: reported results

Exact text from the filing

Year Ended August 31, % 2023 2022* Change (unaudited) Net sales $ 319,397 $ 292,562 9.2 % Net income $ 21,185 $ 21,308 (0.6 %) Basic and diluted earnings per common share $ 4.34 $ 4.37 (0.7 %)

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EACO CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-114215

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