EACO Corporation Reports Record Second Quarter Net Sales and All-Time Record Quarterly Net Income
EACO Corporation announced its financial results for the second quarter of fiscal year 2026, ending February 28, 2026. The company reported record net sales of $117,836,000, a 17.7% increase compared to the same period in the previous year. Net income also reached an all-time quarterly record of $9,797,000, marking a 44.9% increase year-over-year. Basic earnings per common share were $2.01, up 44.6% from $1.39 in the prior year quarter. The company saw a 9.5% increase in sales personnel and management, totaling 482 at the end of the quarter. EACO Corporation anticipates continued growth in headcount and sales focus teams (SFTs) for fiscal year 2026, believing it is gaining market share through its local presence business model. The report also includes unaudited condensed consolidated balance sheets, statements of income, and cash flows for the respective periods.