EACO on OTC

EACO CORP

American wholesale-electronic parts and equipment company, listed on OTC (EACO)1

In its 2025 annual report the company says: “EACO Corporation, incorporated in Florida in September 1985, is a holding company, primarily comprised of its wholly-owned subsidiary, Bisco Industries, Inc. and Bisco’s wholly-owned Canadian subsidiary, Bisco Industries Limited.”4 It is headquartered in Anaheim, California.1

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Last updated Oct 20, 2026.

Overview

$427.9MRevenue, fiscal 20252
$32.3MNet income, fiscal 20252

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  • TickerEACO on OTC1
  • IndustryWholesale-Electronic Parts & Equipment, NEC1
  • HeadquartersAnaheim, California1
  • Incorporated inFL3
  • Business address5065 E Hunter Ave, Anaheim, Ca 928073
  • Filer categoryNon-accelerated filer, Smaller reporting company3

EACO Corporation (“EACO”), incorporated in Florida in September 1985, is a holding company, primarily comprised of its wholly-owned subsidiary, Bisco Industries, Inc. (“Bisco”) and Bisco’s wholly-owned Canadian subsidiary, Bisco Industries Limited. Substantially all of EACO’s operations are conducted through Bisco and Bisco Industries Limited. Bisco is a distributor of electronic components and fasteners with 51 sales offices and seven distribution centers located throughout the United States and Canada and one additional sales office located in the Philippines. Bisco supplies parts used in the manufacture of products in a broad range of industries, including the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment and marine industries.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

30.1%Gross margin2
9.8%Operating margin2
7.5%Net margin2
20.1%Revenue growth, 20252
20.7%Return on equity2
0.03×Debt to equity2
$15.9MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue70¢$299.2M
  • Selling, general and admin20¢$86.9M
  • Income tax2¢$10.6M
  • Profit8¢$32.3M

Out of $427.9M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending7¢$1.3M
  • Kept or used elsewhere93¢$15.9M

Out of $17.2M of cash from operations.2

Financial statements

Revenue56789102$427.9M in 2025+121% since 2018
0$200.0M$400.0M$600.0M2018: $193.3M$193.3M20182019: $221.2M$221.2M2019+14%2020: $225.2M$225.2M2020+2%2021: $238.0M$238.0M2021+6%2022: $292.6M$292.6M2022+23%2023: $319.4M$319.4M2023+9%2024: $356.2M$356.2M2024+12%2025: $427.9M$427.9M2025+20%
Gross profit56789102$128.7M in 2025+134% since 2018
0$50.0M$100.0M$150.0M2018: $55.0M$55.0M20182019: $61.2M$61.2M2019+11%2020: $61.4M$61.4M2020+0%2021: $60.8M$60.8M2021−1%2022: $83.5M$83.5M2022+37%2023: $92.4M$92.4M2023+11%2024: $106.2M$106.2M2024+15%2025: $128.7M$128.7M2025+21%
Operating income56789102$41.8M in 2025+305% since 2018
0$20.0M$40.0M$60.0M2018: $10.3M$10.3M20182019: $13.0M$13.0M2019+26%2020: $10.4M$10.4M2020−20%2021: $12.7M$12.7M2021+22%2022: $29.5M$29.5M2022+132%2023: $27.5M$27.5M2023−7%2024: $21.3M$21.3M2024−22%2025: $41.8M$41.8M2025+96%
Net income56789102$32.3M in 2025+365% since 2018
0$10.0M$20.0M$30.0M$40.0M2018: $6.9M$6.9M20182019: $9.4M$9.4M2019+36%2020: $7.8M$7.8M2020−17%2021: $8.4M$8.4M2021+8%2022: $21.3M$21.3M2022+154%2023: $21.2M$21.2M2023−1%2024: $15.0M$15.0M2024−29%2025: $32.3M$32.3M2025+116%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-08-312024-08-31
Revenues$427.9M$356.2M
Cost of sales$299.2M$250.0M
Gross margin$128.7M$106.2M
Selling, general and administrative expenses$86.9M$81.0M
Impairment on termination of lease$3.9M
Income from operations$41.8M$21.3M
Net gain on trading securities$1.3M$128.0K
Interest and other expense-$204.0K-$177.0K
Other income (expense), net$1.1M-$49.0K
Income before income taxes$42.9M$21.3M
Provision for income taxes$10.6M$6.3M
Net income$32.3M$15.0M
Cumulative preferred stock dividend-$76.0K-$76.0K
Net income attributable to common shareholders$32.2M$14.9M
Basic earnings per common share (in dollars per share)$6.63$3.06
Diluted earnings per common share (in dollars per share)$6.59$3.05
Basic weighted average common shares outstanding (in shares)4.9M shares4.9M shares
Diluted weighted average common shares outstanding (in shares)4.9M shares4.9M shares

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What it owns

What EACO CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$51.6M2 Aug 31, 2025$50.3M2 Aug 31, 2024+2.6%
Accumulated depreciation$16.9M2 Aug 31, 2025$15.2M2 Aug 31, 2024+11.0%
Property and equipment, net$34.7M2 Aug 31, 2025$35.1M2 Aug 31, 2024−1.1%
Operating-lease assets (leased space)$6.8M2 Aug 31, 2025$7.5M2 Aug 31, 2024−9.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$728.0K2 Aug 31, 2025$843.0K2 Aug 31, 2024−13.6%
Equity securities at fair value$30.4M2 Aug 31, 2025$14.7M2 Aug 31, 2024+106.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$84.0M2 Aug 31, 2025$69.6M2 Aug 31, 2024+20.7%

Properties, in its own words

We have 51 sales offices and seven distribution centers located throughout the United States and in Canada and have one additional sales office in Asia located in the Philippines. We plan to open an additional international sales office in Chihuahua, Mexico in December 2025.

In September 2019, Bisco entered into a Commercial Lease Agreement (the “Hunter Lease”) with the Glen F. Ceiley and Barbara A. Ceiley Revocable Trust (the “Trust”), which is the grantor trust of Glen Ceiley, our Chief Executive Officer, Chairman of the Board and majority shareholder. The Hunter Lease had a lease term that expired on August 31, 2029. Pursuant to the Hunter Lease, Bisco has leased from the Trust approximately 80,000 square feet of office and warehouse space located at 5065 East Hunter Avenue, Anaheim, California (the “Hunter Property”). The Company moved its corporate headquarters to the Hunter Property in March 2020. The initial base rent for the Hunter Lease was $66,300 per month, which increased by 2.5% annually over the term of the lease. On October 20, 2023, the Company purchased the Hunter Property from the Trust for a purchase price of $31,000,000 and terminated the Hunter Lease. The Hunter Property was purchased with cash, funded by the Company’s available cash accounts and liquidated securities. See Notes 2 and 10 of the Notes to Consolidated Financial Statements, included in Part II, Item 8 of this Annual Report for further explanation. The Company recently leased an additional 25,000 square feet of additional office and warehouse space in a building adjacent to the Company’s corporate headquarters from an independent third party.

The rest of Item 2

Bisco also leases its Chicago area sales office and distribution center located in Glendale Heights, Illinois under an operating lease agreement (the “Chicago Lease”) from the Trust, which has a term that expires in May 2029. The initial base rent for this lease is $22,600 per month, which increases by 2.5% annually over the term of the lease.

All of our other properties are leased, consisting of sales offices and warehouse space. Leases of sales offices generally have a lease term of three years and leases of warehouse locations usually have a lease term of five to ten years. For additional information regarding our obligations under property leases, see Note 8 of the Notes to Consolidated Financial Statements, included in Part II, Item 8 of this Annual Report.

Item 2 of the 10-K filed Nov 20, 2025.4

Leadership

Who has led EACO CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Glen Ceiley2010–now

Chief operating officer

  1. Donald S. Wagner2010
2010201520202025
Board members and other officers (7)

Former names

  • FAMILY STEAK HOUSES OF FLORIDA INCJan 10, 1994 to Jun 15, 20043

Timeline

  1. Jul 2, 20268-K Results of operations22
  2. Apr 3, 20268-K Results of operations23
  3. Mar 2, 20268-K Entered a material agreement; New debt or obligation24
  4. Jan 12, 20268-K Results of operations25
  5. Nov 6, 20258-K Results of operations26
  6. Jul 2, 20258-K Results of operations27
  7. Apr 4, 20258-K Results of operations28
  8. Jan 8, 20258-K Results of operations29
  9. Jul 3, 20248-K Results of operations30
  10. May 15, 20248-K Entered a material agreement; New debt or obligation31
  11. Nov 3, 20238-K Completed an acquisition or sale32
  12. Nov 3, 20238-K Results of operations33
  13. Mar 26, 2010New chief executive Glen Ceiley becomes CEO13

Calendar

When it reported results

  1. Jul 2, 2026Reported quarterly or annual results22
  2. Apr 3, 2026Reported quarterly or annual results23
  3. Jan 12, 2026Reported quarterly or annual results25
  4. Nov 6, 2025Reported quarterly or annual results26
  5. Jul 2, 2025Reported quarterly or annual results27
  6. Apr 4, 2025Reported quarterly or annual results28
  7. Jan 8, 2025Reported quarterly or annual results29
  8. Jul 3, 2024Reported quarterly or annual results30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

50 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 20 major events, 5 insider forms, 5 other. The latest 20:

  1. Jul 9, 202610-Q EDGAR
  2. Jul 2, 20268-K EDGAR
  3. Apr 13, 202610-Q EDGAR
  4. Apr 3, 20268-K EDGAR
  5. Mar 2, 20268-K EDGAR
  6. Jan 14, 202610-Q EDGAR
  7. Jan 12, 20268-K EDGAR
  8. Dec 4, 20254 OWNERSHIP DOCUMENT EDGAR
  9. Nov 20, 202510-K EDGAR
  10. Nov 6, 20258-K EDGAR
  11. Jul 11, 202510-Q EDGAR
  12. Jul 2, 20258-K EDGAR
  13. Apr 11, 202510-Q EDGAR
  14. Apr 4, 20258-K EDGAR
  15. Jan 13, 202510-Q EDGAR
  16. Jan 8, 20258-K EDGAR
  17. Nov 29, 202410-K EDGAR
  18. Jul 15, 202410-Q EDGAR
  19. Jul 3, 20248-K EDGAR
  20. May 15, 20248-K EDGAR

The 50 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 2, 2023Ceiley GlenCEO and ChairmanSale67$34.00$2.3KForm 4
Aug 1, 2023Ceiley GlenCEO and ChairmanSale703$33.50$23.6KForm 4
Jul 26, 2023Ceiley GlenCEO and ChairmanSale30$33.50$1.0KForm 4
Jul 7, 2023Ceiley GlenCEO and ChairmanSale700$31.01$21.7KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How EACO CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREACO CORP1
  • CIK0000784539
  • Employer ID (EIN)59-25973494
  • Filer statusNon accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inFlorida4
  • Fiscal year endsAugust 311
  • Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address5065 E Hunter Ave, Anaheim, CA 928071
  • Phone(714) 876-24901
  • Shares outstanding4,861,590 as of Jul 9, 202612
  • Public float$7.6M as of Feb 28, 20254
  • AuditorHASKELL & WHITE LLP, Irvine, California PCAOB ID 200; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 10, 19941
  • Filings518 in all: 4 (121), 10-Q (92), 8-K (91), 10-K (30), SC 13D/A (30), DEF 14A (22), NT 10-Q (14), UPLOAD (9)1
    All 48 form types

    DEFA14A (8), DFAN14A (8), SC 14D1/A (8), 3 (7), NT 10-K (6), PRE 14A (6), 10-K/A (5), SC 13G/A (5), CORRESP (4), PRRN14A (4), 10QSB (3), 8-K/A (3), DEF 14C (3), PREN14A (3), PRER14A (3), 10-Q/A (2), 144 (2), DEFC14A (2), PREC14A (2), S-3/A (2), S-8 (2), SC 13G (2), SC 14D9/A (2), 10-KT (1), 10-KT/A (1), 10QSB/A (1), 4/A (1), 8-A12G (1), 8-A12G/A (1), D (1), DEFM14A (1), DEFN14A (1), DEFR14A (1), DFRN14A (1), PRE 14C (1), PREM14A (1), S-3 (1), SC 13D (1), SC 14D1 (1), SC 14D9 (1)

  • Latest filingsAnnual report (10-K) Nov 20, 2025
    Quarterly report (10-Q) Jul 9, 2026
    Proxy statement (DEF 14A) Apr 1, 2019
    Latest 8-K (8-K) Jul 2, 2026

Securities registered for trading

ClassSymbolExchange
EACO

From the cover page of the 10-K filed Nov 20, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks EACO CORP names in Item 1A of its 10-K filed Nov 20, 2025: 24 risks under these headings, as written.4

  • Company and Operational Risks
  • We generally do not have long-term supply agreements or guaranteed price or delivery arrangements with the majority of our suppliers.
  • Our supply agreements are generally terminable at the suppliers’ discretion.
  • We are subject to a variety of claims, investigations and litigation that could adversely affect our results of operations and harm our reputation.
  • We generally do not have long-term sales contracts with our customers.
  • We rely on third-party suppliers for most of our products, and may not be able to identify and procure relevant new products and products lines that satisfy our customers’ needs on favorable terms and prices, or at all.
  • Our business may be adversely affected by tariffs, trade sanctions or similar government actions.
  • Increases in the costs of energy, shipping and raw materials used in our products could impact our cost of goods and distribution and occupancy expenses, which would result in lower operating margins.
  • The unauthorized access to, or theft or destruction of, customer or employee personal, financial or other data or of our proprietary or confidential information that is stored in our information systems or by third parties on our behalf could impact our reputation and brand and expose us to potential liability and loss of revenues.
  • We rely heavily on our internal information systems, which, if not properly functioning, could materially and adversely affect our business.
  • We may not be able to attract and retain key personnel.
  • The competitive pressures we face could have a material adverse effect on our business.
The other 13 risks
  • Expansion Risks
  • Our strategy of expanding into new geographic areas, including international markets, could be costly, subject us to additional risks and may not expand our revenues.
  • We may be unable to meet our goals regarding new office openings.
  • Opening sales offices in new markets presents increased risks that may prevent us from being profitable in these new locations, and/or may adversely affect our operating results.
  • Our ability to successfully attract and retain qualified sales personnel is uncertain.
  • Financial Risks
  • We may not have adequate or cost-effective liquidity or capital resources.
  • We have incurred significant losses in the past from trading in securities, and we may incur such losses in the future, which may also cause us to be in violation of covenants under our loan agreement.
  • We are exposed to foreign currency exchange rate risk, and changes in foreign exchange rates could increase our costs to procure products and impact our foreign sales.
  • Concentration of Ownership Risks
  • The Company’s Chairman and CEO holds almost all of our voting stock and can control the election of directors and significant corporate actions.
  • Sales of our common stock by Glen Ceiley could cause the price of our common stock to decline.
  • There is currently no established trading market for our common stock, and the trading volume of our common stock on the OTC market has been generally low. As of August 31, 2025, the number of shares held by non-affiliates of Mr. Ceiley was less than 200,000 shares. If Mr. Ceiley sells or seeks to sell a substantial number of his shares of our common stock in the future, the market price of our common stock could decline. The perception among investors that these sales may occur could produce the same effect. Due to the limited
  • available public float, certain investors may not be able or willing to invest in the Company’s securities, which could also impact the market price of our common stock.
  • General Risk Factors
  • Changes and uncertainties in the macroeconomic conditions have harmed and could continue to harm our operating results.
  • If we fail to maintain an effective system of internal controls over financial reporting or experience material weaknesses in our system of internal controls, we may not be able to report our financial results accurately or timely or detect fraud, which could have a material adverse effect on the market price of our common stock and our business.

Legal proceedings

From time to time, the Company may be named in claims arising in the ordinary course of business. Currently, we are not a party to any legal proceedings that, in the opinion of our management, would reasonably be expected to have a material adverse effect on our business or financial condition. See Note 8 of the Notes to Consolidated Financial Statements in this Annual Report for disclosure regarding a class action lawsuit that was recently settled.

The opening of Item 3, Legal Proceedings.4