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 %”
Debt Financings
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.”
Debt Financings
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.”
Material Agreements
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.”
Material Agreements
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.”
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