EACO Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2016
January 06, 2017 at 02:31 am IST
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EACO Corporation reported unaudited consolidated earnings results for the first quarter ended November 30, 2016. For the quarter, the company reported revenues of $37,207,000 compared to $34,293,000 a year ago. Income from operations was $1,169,000 compared to $835,000 a year ago. Income before income taxes was $1,063,000 compared to $820,000 a year ago. Net income attributable to common shareholders was $642,000 or $0.13 per basic and diluted share compared to $481,000 or $0.10 per basic and diluted share a year ago. Net cash used in operating activities was $3,925,000 compared to $2,567,000 a year ago. Purchase of property and equipment was $585,000 compared to $50,000 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 
