EACO Corp Files Q1 2025 10-Q
Ticker: EACO · Form: 10-Q · Filed: Jan 13, 2025 · CIK: 784539
| Field | Detail |
|---|---|
| Company | Eaco CORP (EACO) |
| Form Type | 10-Q |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
EACO Corp's Q1 2025 10-Q shows equity changes vs prior periods.
AI Summary
EACO Corp filed its 10-Q for the period ending November 30, 2024. The filing details the company's financial position, including retained earnings, additional paid-in capital, and accumulated other comprehensive income as of November 30, 2024, and August 31, 2024. It also provides comparative figures from November 30, 2023, and August 31, 2023.
Why It Matters
This filing provides investors with a snapshot of EACO Corp's financial health and changes in equity accounts during the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not indicate any immediate or significant new risks.
Key Numbers
- 2024-11-30 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2023-11-30 — Prior Year Comparison Date (Allows for year-over-year comparison of financial data.)
Key Players & Entities
- EACO CORP (company) — Filer of the 10-Q
- 20241130 (date) — End of the reporting period
- 20250113 (date) — Filing date
FAQ
What were the specific values for retained earnings, additional paid-in capital, and accumulated other comprehensive income as of November 30, 2024?
The filing indicates these values are presented for November 30, 2024, but the specific dollar amounts are not detailed in the provided header information.
How do the equity figures on November 30, 2024, compare to those on August 31, 2024?
The filing lists both dates for retained earnings, additional paid-in capital, and accumulated other comprehensive income, suggesting a comparison is available within the full report.
What is EACO Corp's Standard Industrial Classification (SIC) code?
EACO Corp's SIC code is 5065, categorized under Wholesale-Electronic Parts & Equipment, NEC.
When was EACO Corp formerly known as Family Steak Houses of Florida Inc?
The company changed its name from Family Steak Houses of Florida Inc on July 3, 1992.
What is the business address and phone number for EACO Corp?
The business address is 5065 E Hunter Ave, Anaheim, CA 92807, and the phone number is (714) 876-2490.
Filing Stats: 4,426 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2025-01-13 17:12:54
Key Financial Figures
- $0.01 — Section 12(g) of the Act: Common Stock, $0.01 Par Value (Title of Class) Indicate
Filing Documents
- eaco-20241130x10q.htm (10-Q) — 717KB
- eaco-20241130xex31d1.htm (EX-31.1) — 12KB
- eaco-20241130xex32d1.htm (EX-32.1) — 6KB
- 0001410578-25-000011.txt ( ) — 3528KB
- eaco-20241130.xsd (EX-101.SCH) — 27KB
- eaco-20241130_cal.xml (EX-101.CAL) — 41KB
- eaco-20241130_def.xml (EX-101.DEF) — 78KB
- eaco-20241130_lab.xml (EX-101.LAB) — 238KB
- eaco-20241130_pre.xml (EX-101.PRE) — 195KB
- eaco-20241130x10q_htm.xml (XML) — 374KB
Financial Statements
Item 1. Financial Statements EACO Corporation and Subsidiaries Condensed Consolidated Statements of Income (in thousands, except for share and per share information) (Unaudited) Three Months Ended November 30, 2024 2023 Net sales $ 93,920 $ 80,255 Cost of sales 66,139 56,683 Gross margin 27,781 23,572 Operating expenses: Selling, general and administrative expenses 18,938 17,217 Impairment on termination of lease — 3,906 Income from operations 8,843 2,449 Other income (expense): Net gain (loss) on trading securities 454 ( 44 ) Interest and other expense, net ( 48 ) ( 9 ) Other income (expense), net 406 ( 53 ) Income before income taxes 9,249 2,396 Provision for income taxes 2,361 617 Net income 6,888 1,779 Cumulative preferred stock dividend ( 19 ) ( 19 ) Net income attributable to common shareholders $ 6,869 $ 1,760 Basic earnings per common share $ 1.41 $ 0.36 Basicweighted average common shares outstanding 4,861,590 4,861,590 Diluted earnings per common share: $ 1.41 $ 0.36 Diluted weighted average common shares outstanding 4,901,590 4,901,590 See accompanying notes to unaudited condensed consolidated financial statements. 2 EACO Corporation and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (in thousands) (Unaudited) Three Months Ended November 30, 2024 2023 Net income $ 6,888 $ 1,779 Other comprehensive (loss), net of tax: Foreign translation (loss) ( 35 ) ( 131 ) Total comprehensive income $ 6,853 $ 1,648 See accompanying notes to unaudited condensed consolidated financial statements. 3 EACO Corporation and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except share information) (Unaudited) November 30, August 31, 2024 2024* ASSETS Current Assets: Cash and cash equivalents $ 591 $ 843 Restricted cash 10 10 Trade accounts receivable, net 51,736 53,2