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EACO Eaco

EACO Corp. is a holding company, which engages in the distribution of electronic components and fasteners through its subsidiary. It focuses on the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment, and marine industries. The company was founded on September 26, 1985 and is headquartered in Anaheim, CA.

Company profile

Ticker
EACO
Exchange
CEO
Glen F. Ceiley
Employees
Incorporated
Location
Fiscal year end
Former names
FAMILY STEAK HOUSES OF FLORIDA INC
SEC CIK
IRS number
592597349

EACO stock data

(
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Calendar

14 Jan 21
13 Apr 21
31 Aug 21
Quarter (USD)
Nov 20 May 20 Feb 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Eaco earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Aug 20 Ceiley Glen Common Stock Sell Dispose S Yes No 16.9 800 13.52K 4,704,861
8 Jul 20 Ceiley Glen Common Stock Sell Dispose S Yes No 16.01 200 3.2K 4,705,661
8 Jul 20 Ceiley Glen Common Stock Sell Dispose S Yes No 16 500 8K 4,705,861
5 Nov 19 Ceiley Glen Common Stock Sell Dispose S Yes No 20.5 400 8.2K 4,706,361
1 Nov 19 Ceiley Glen Common Stock Sell Dispose S Yes No 20.7 100 2.07K 4,706,761

Financial report summary

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Management Discussion
  • Net sales consist primarily of sales of component parts and fasteners, but also include, to a lesser extent, kitting charges and special order fees, as well as freight charged to customers. The Company expanded its product offering during the prior fiscal year to include personal protection equipment (“PPE”) including, among other things, masks, shields and sanitizing stations.
  • The decrease in revenues in the three months ended November 30, 2020 (“Q1 2021”) as compared to the three months ended November 30, 2019 (“Q1 2020”) was largely due to lower demand for product resulting from the global industry-wide slowdown due to the impact from the COVID-19 pandemic. While our sales continue to remain strong, we cannot predict how long the pandemic will last or the impact of such pandemic on our financial condition and results of operations.
  • The gross margins in Q1 2021 decreased by 1.4% as a percentage of revenues when compared to Q1 2020. This decrease was primarily due to a combination of product and customer mix, and overall declines in gross profit margin due to the global industry-wide slowdown and the impacts from the COVID-19 outbreak. The PPE products distributed by the Company typically carry lower margins, which also contributed to the decline in gross margins in the current periods.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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