EACO Q3 EPS Hits $2.77 on 28% Sales Surge, Margin Expands
EACO has more than doubled off its 52-week low of $12.
Summary
EACO's fiscal Q3 net sales jumped 28% to $142.35M, with diluted EPS of $2.77—a 43% leap from $1.94 a year ago. Gross margin widened 0.6–1.1 points on better vendor pricing and strong demand for in-stock items, particularly in aerospace and defense channels. The company added 48 sales staff (now 491) and invested in headquarters leasehold improvements to support growth. This follows the July 1 Reuters report of the same top-line results, but adds the EPS beat, margin expansion, and operational color. The 10-Q filed today also disclosed a material weakness in internal controls, with remediation ongoing—a risk to monitor.
At the time of this announcement, EACO was trading at $101.01 on OTC in the Trade & Services sector, with a market capitalization of approximately $491.1M. The 52-week trading range was $12.00 to $110.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.