EACO Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2018
January 07, 2019 at 04:01 pm EST
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EACO Corporation reported unaudited consolidated earnings results for the first quarter ended November 30, 2018. For the quarter, the company reported, revenues of $50,786,000 compared to $42,171,000 a year ago. Income from operations was $2,619,000 compared to $1,839,000 a year ago. Net income was $1,925,000 compared to $1,195,000 a year ago. Basic and diluted earnings per common share $0.39 compared to $0.24 a year ago. Income before income taxes was $2,770,000 against $1,941,000 a year ago.
EACO Corporation is a holding company, primarily comprised of its subsidiary, Bisco Industries, Inc. (Bisco) and Bisco's Canadian subsidiary, Bisco Industries Limited. Bisco is a distributor of electronic components and fasteners. 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. Its divisions include Bisco Industries, National-Precision and Fast-Cor. Bisco's products include electronic components, such as spacers and standoffs, card guides and ejectors, component holders and fuses, circuit board connectors, and cable components, as well as a variety of fasteners and hardware. Bisco provides customized services and solutions for a wide range of production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, and integrated supply programs, among others.
EACO CORPORATION 
