$EACO

EACO CORP

CIK:0000784539|SEC Filings

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Consolidated Statements of Operations
Net sales	$ 142,350	$ 111,410	$ 371,139	$ 305,462
Cost of sales	97,904	77,337	256,111	214,100
Gross margin	44,446	34,073	115,028	91,362
Operating expenses:
Selling, general and administrative expenses	26,445	21,627	71,730	60,979
Income from operations	18,001	12,446	43,298	30,383
Other income (expense):
Net gain (loss) on trading securities	251	277	710	761
Interest and other (expense)	(47)	(46)	(130)	(143)
Other income (expense), net	204	231	580	618
Income before income taxes	18,205	12,677	43,878	31,001
Provision for income taxes	4,640	3,162	11,196	7,835
Net income	13,565	9,515	32,682	23,166
Cumulative preferred stock dividend	(19)	(19)	(57)	(57)
Net income attributable to common shareholders	$ 13,546	$ 9,496	$ 32,625	$ 23,109
Basic earnings per common share (in dollars per share)	$ 2.79	$ 1.95	$ 6.71	$ 4.75
Diluted earnings per common share (in dollars per share)	$ 2.77	$ 1.94	$ 6.67	$ 4.73
Basic weighted average common shares outstanding (in shares)	4,861,590	4,861,590	4,861,590	4,861,590
Diluted weighted average common shares outstanding (in shares)	4,901,590	4,901,590	4,901,590	4,901,590

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May 31, 2026	May 31, 2025
Operating activities:
Net income	$ 32,682	$ 23,166
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,315	1,268
Allowance for credit losses	472	203
Deferred tax provision	(60)	(18)
Unrealized loss (gain) on trading securities	27	(205)
Increase (decrease) in cash flow from change in:
Trade accounts receivable	(6,782)	(4,781)
Inventory	(10,866)	(13,178)
Prepaid expenses and other assets	(14,322)	27
Operating lease right-of-use assets	(2,215)	774
Trade accounts payable	1,786	6,268
Accrued expenses and other current liabilities	124	(3,416)
Operating lease liabilities	2,371	(704)
Net cash provided by operating activities	4,532	9,404
Investing activities:
Additions to property, equipment, and leasehold improvements	(2,588)	(575)
Purchase of marketable securities, trading	(24,614)	(16,184)
Sale of marketable securities, trading	21,727	9,074
Net cash provided by investing activities	(5,475)	(7,685)
Financing activities:
Borrowing on revolving credit facility		491
Preferred stock dividend	(57)	(57)
Repayments on long-term debt	(101)	(96)
Bank overdraft	1,128	4,377
Net cash provided by financing activities	970	4,715
Effect of foreign currency exchange rate changes on cash and cash equivalents	3	(7)
Net increase in cash, cash equivalents, and restricted cash	30	6,427
Cash, cash equivalents, and restricted cash - beginning of period	738	853
Cash, cash equivalents, and restricted cash - end of period	768	7,280
Supplemental disclosures of cash flow information:
Cash paid for interest	130	143
Cash paid for income taxes	$ 23,493	$ 9,213

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2026	Aug. 31, 2025
Current Assets:
Cash and cash equivalents	$ 758	$ 728
Restricted cash	10	10
Trade accounts receivable, net	72,173	65,863
Inventory, net	94,846	83,980
Marketable securities, trading	33,235	30,375
Prepaid expenses and other current assets	19,185	5,009
Total current assets	220,207	185,965
Non-current Assets:
Property, equipment and leasehold improvements, net	35,943	34,670
Operating lease right-of-use assets	9,029	6,814
Other assets, net	2,910	2,704
Total assets	268,089	230,153
Current Liabilities:
Trade accounts payable	36,093	33,179
Accrued expenses and other current liabilities	29,886	29,762
Current portion of long-term debt	4,113	135
Current portion of operating lease liabilities	3,502	2,843
Total current liabilities	73,594	65,919
Non-current Liabilities:
Long-term debt		4,079
Operating lease liabilities	6,017	4,305
Total liabilities	79,611	74,303
Commitments and Contingencies (Note 8)
Shareholders' Equity:
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900)	1	1
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding	49	49
Additional paid-in capital	12,378	12,378
Accumulated other comprehensive income	77	74
Retained earnings	175,973	143,348
Total shareholders' equity	188,478	155,850
Total liabilities and shareholders' equity	$ 268,089	$ 230,153