Last $18.39 USD
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OTC US
As of 8:10 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

eaco corp (EACO) Key Developments

EACO Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2014

EACO Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2014. For the quarter, the company reported revenues of $36,253,000 against $31,368,000 a year ago. Income from operations was $2,218,000 against $1,255,000 a year ago. Net income before income taxes was $2,141,000 against $1,422,000 a year ago. Net income was $2,297,000 against $1,284,000 a year ago. Net income attributable to common shareholders was $2,278,000 against $1,265,000 a year ago. Basic and diluted earnings per share were $0.47 against $0.26 a year ago. For the nine months, the company reported revenues of $98,210,000 against $89,1488,000 a year ago. Income from operations was $3,828,000 against $2,792,000 a year ago. Net income before income taxes was $4,018,000 against 3,047,000 a year ago. Net income was $3,470,000 against $2,308,000 a year ago. Net income attributable to common shareholders was $3,413,000 against $2,251,000 a year ago. Basic and diluted earnings per share were $0.70 against $0.46 a year ago. Net cash provided by operating activities was $612,000 against $251,000 a year ago. Purchase of property and equipment was $458,000 against $631,000 a year ago.

EACO Corporation Announces Executive Changes

Effective May 7, 2014, EACO Corporation appointed Michael Narikawa as its Controller and principal accounting officer. Glen Ceiley, the company's Chairman and Chief Executive Officer, will continue to serve as the company's principal financial officer. Mr. Narikawa, age 33, currently serves as the Controller of Bisco Industries Inc., and will continue to also serve in that capacity. Prior to his promotion to Controller of Bisco, which was effective May 1, 2014, Mr. Narikawa served as Bisco's Accounting Supervisor from February 2009 to April 2014.

EACO Corporation, Annual General Meeting, May 20, 2014

EACO Corporation, Annual General Meeting, May 20, 2014., at 07:30 Pacific Standard Time. Location: offices of Bisco Industries, Inc.,. Agenda: To elect Stephen Catanzaro, Glen F. Ceiley, Jay Conzen, and William L. Means to the Board of Directors, each to hold such office until the next annual meeting of shareholders or until his successor is elected and qualified; to ratify the appointment of Squar, Milner, Peterson, Miranda & Williamson, LLP as independent registered public accounting firm for the fiscal year ending August 31, 2014; and to transact any other business which may properly come before the Annual Meeting or any adjournment(s) or postponement(s) thereof.

Eaco Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended February 28, 2014

EACO Corporation reported unaudited consolidated earnings results for the second quarter and six months ended February 28, 2014. For the quarter, the company reported revenues of USD 30,922,000 compared to USD 28,520,000 a year ago. Income from operations was USD 483,000 compared to USD 696,000 a year ago. Net income before income taxes was USD 223,000 compared to USD 973,000 a year ago. Net income was USD 109,000 compared to USD 641,000 a year ago. Net income attributable to common shareholders were USD 90,000 compared to USD 622,000 a year ago. Basic and diluted earnings per share were USD 0.02 compared to USD 0.13 a year ago. For the six months, the company reported revenues of USD 61,957,000 compared to USD 57,780,000 a year ago. Income from operations was USD 1,610,000 compared to USD 1,537,000 a year ago. Net income before income taxes was USD 1,877,000 compared to USD 1,625,000 a year ago. Net income was USD 1,173,000 compared to USD 1,024,000 a year ago. Net income attributable to common shareholders were USD 1,135,000 compared to USD 986,000 a year ago. Basic and diluted earnings per share were USD 0.23 compared to USD 0.20 a year ago. Net cash used in operating activities were USD 300,000 compared to USD 201,000 a year ago. Purchase of property and equipment was USD 405,000 compared to USD 123,000 a year ago.

EACO Corporation and Bisco Industries, Inc. Announce the Resignation of Michael Bains as Controller, Assistant Secretary and Principal Accounting Officer

On January 3, 2014, EACO Corporation was notified by Michael Bains, the company's Controller and Assistant Secretary, who serves as the company's principal accounting officer, of his intention to resign from his positions with the company and its subsidiary, Bisco Industries, Inc., effective January 15, 2014, to pursue other opportunities.

 

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Price/Earnings 24.6x
Price/Sales 0.7x
Price/Book 4.2x
Price/Cash Flow 24.1x
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