EACO CORP — fact timeline

EACO CORP reported the quarter ended February 28, 2026 results: revenue $ 117,836, net income $ 9,797, EPS $ 2.01.

“EACO CORPORATION REPORTS RECORD 2 nd QUARTER NET SALES AND ALL-TIME RECORD QUARTERLY NET INCOME ANAHEIM, CALIFORNIA April 2, 2026 – EACO Corporation (OTCID:EACO) announced the results for its quarter ended February 28, 2026. Net sales, net income and earnings per share were as follows for the quarter ended February 28, 2026 (dollars in thousands, except per share information): Three Months Ended February 28, % 2026 2025 Change (unaudited) (unaudited) Net sales $ 117,836 $ 100,132 17.7 % Net income $ 9,797 $ 6,763 44.9 % Basic earnings per common share $ 2.01 $ 1.39 44.6 %”

EACO CORP incurred guarantee of up to $20,000,000 with Citizens Business Bank.

“By executing the Commercial Guaranty described above, EACO agrees to guarantee up to $20,000,000 of indebtedness under the revolving line of credit and related loan documents.”

EACO CORP amended credit facility of $20,000,000 with Citizens Business Bank at not less than 4.000% per annum maturing February 15, 2028.

“On February 27, 2026, Bisco Industries, Inc. (“Bisco”), a wholly-owned subsidiary of EACO Corporation (”EACO,” together with Bisco, the “Company”), executed a Change in Terms Agreement dated as of February 15, 2026 (the “Amendment”) with Citizens Business Bank (the “Lender”) in connection with a revolving line of credit (Loan No. 155354101) in the principal amount of $20,000,000.”

EACO CORP amended Change in Terms Agreement with Citizens Business Bank (effective 2026-02-15).

“On February 27, 2026, Bisco Industries, Inc. (“Bisco”), a wholly-owned subsidiary of EACO Corporation (”EACO,” together with Bisco, the “Company”), executed a Change in Terms Agreement dated as of February 15, 2026 (the “Amendment”) with Citizens Business Bank (the “Lender”) in connection with a revolving line of credit (Loan No. 155354101) in the principal amount of $20,000,000.”

EACO CORP amended Change in Terms Agreement with Citizens Business Bank valued at increases the principal loan amount under the line of credit to $20,000,000 (effective 2024-04-12).

“On May 10, 2024, Bisco Industries, Inc. (“Bisco”), a wholly-owned subsidiary of EACO Corporation (”EACO,” together with Bisco, the “Company”), executed a Change in Terms Agreement dated as of April 12, 2024 (the “Amendment”) with Citizens Business Bank (the “Lender”) to modify terms of that certain Business Loan Agreement dated as of November 5, 2022 between Bisco and the Lender, as amended (the “Loan Agreement”), which provided the Company with a $15,000,000 line of credit.”

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

“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 %)”

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

“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 %”

EACO CORP completed an acquisition involving Glen F. Ceiley and Barbara A. Ceiley Revocable Trust for $31,000,000 in cash (closed 2023-10-20).

“On October 20, 2023, the closing of the Property Purchase occurred, and the Company released the purchase price of $31,000,000 through an escrow process.”

EACO CORP entered into Purchase Agreement for Real Property and Escrow Instructions with Glen F. Ceiley and Barbara A. Ceiley Revocable Trust valued at $31,000,000 (effective 2023-10-05).

“On October 5, 2023, Bisco Industries, Inc. (“Bisco”), a wholly-owned subsidiary of EACO Corporation (the “Company”), entered into a Purchase Agreement for Real Property and Escrow Instructions (the “Purchase Agreement”) with the Glen F. Ceiley and Barbara A. Ceiley Revocable Trust (the “Trust”), a trust beneficially owned and controlled by Mr. Glen F. Ceiley, the Company’s Chief Executive Officer, Chairman of the Board and major stockholder. Pursuant to the Purchase Agreement, the Trust agreed to sell the real property located at 5037/5065 East Hunter Avenue, Anaheim, California 92807 (the “Existing Property”), which currently houses the Company’s corporate headquarters and Anaheim distribution center, for a purchase price of $31,000,000 in cash (such transaction, the “Property Purchase”).”

Ellen Bancroft was appointed as Director at EACO CORP.

“The Board of Directors of EACO Corporation (the “Company”) has unanimously appointed Ellen Bancroft to serve as a director to fill the vacancy currently existing on the Board.”

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

“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 %”

EACO CORP reported quarter ended November 30, 2022 results: revenue $ 76,319, net income $ 4,711, EPS $ 0.97.

“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 %)”