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EACO
EACO CORP
125.00
+0.00 +0.00%
USD · close Oct 26
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Work order
50
WATCH · shorts 50
Insiders, 90 days
0
no open-market filings in 90 days
Congress, 90 days
0 / 0
no disclosures naming it
Big money
0 / 15
none of the tracked funds disclose it
Calls on record
0
nobody we score has called it yet
MKT CAP $607.7MP/E 14.7DIV YIELD —FCF YIELD 1.48%REV TTM $493.6M +22.8%NET INCOME $41.8M +41.0%NET DEBT $3.4M52W 73.00 – 135.00SEC XBRL · TTM TO Invalid Date
How EACO rewrote its risk factors
Text kept
72%
of sentences unchanged
Added
31
new sentences
Dropped
17
sentences removed
Length
+497
words, now 4,476
New in FY2025
- In the normal course of business, we are subject to claims and lawsuits, including from time to time class actions involving consumers, stockholders or employees, and claims relating to commercial, labor, or employment matters.
- We have in the past and may in the future be subject to investigations, claims, litigation and other proceedings outside the ordinary course of business.
- Our business may be adversely affected by tariffs, trade sanctions or similar government actions.
- The recent imposition by the United States of tariffs, sanctions or other restrictions on goods exported from the United States or imported into the United States, or countermeasures imposed in response to such government actions, could increase the cost of goods for our products or reduce our ability to sell products globally, which may adversely affect our operating results and financial condition.
- In fiscal 2025, the U.S. government imposed additional tariffs on a significant number of countries and threatened to further increase in the scope and amount of tariffs in the event of retaliatory countermeasures, and the future of existing tariffs, and the possibility for new tariffs, remains uncertain.
- So far, these new tariffs and trade policies have not had a significant impact on our business operations and financial results.
- However, there is no guarantee that we can avoid the impact of tariff and related economic effects in the future, and these trade measures and retaliations may directly impair our business by increasing trade-related costs or disrupting established supply chains.
- The materials subject to these tariffs may impact the cost or availability of raw materials used by our suppliers or in our customers’ products.
- The imposition of further tariffs by the United States on a broader range of imports, or further retaliatory trade measures taken in response to additional tariffs, could increase costs in our supply chain or reduce demand of our customers’ products, either of which could adversely affect our results of operations.
- Any increase in trade-related costs associated with such measures may impair the profitability of such international production, may strain our suppliers’ ability to reliably provide inputs necessary to produce these items, and may otherwise affect our partners’ abilities to provide our products at previously contracted prices.
- Tariffs may also indirectly impair our business by causing a negative effect on global economic conditions and financial markets.
- The ultimate impact of these trade measures on our business operations and financial results is uncertain and may be affected by various factors, including whether and when such trade measures are implemented, the timing when such measures may become effective, and the amount, scope, or nature of such trade measures, and our ability to execute strategies to mitigate the negative impacts.
- Our future performance will depend to a significant extent upon the efforts and abilities of certain key management and other personnel, including Glen Ceiley, our Chairman and CEO, and Don Wagner, Bisco’s President and Chief Operating Officer, as well as other executive officers and senior management.
- Furthermore, our efforts to compete in the marketplace could cause deterioration of gross margins and, thus, overall profitability.
- Our failure to compete in the marketplace can adversely affect our business operations and financial performance.
- Based on our analysis of demographics in the United States, Canada, Mexico and countries within Asia, we currently estimate there is potential market opportunity to support additional sales offices in these regions and plans to open a sales office in Mexico in December 2025.
- In addition, our expansion into international markets such as Asia may encounter additional risks, challenges and difficulties that may not be present for our U.S. operations, including the following: ● lack of experience and expertise in foreign markets, especially in Mexico, where we haven’t historically had a presence; ● the impact of tariffs, trade sanctions and other government restrictions; ● compliance with additional rules and regulations in non-U.S. jurisdictions, including export control and trade restrictions; ● economic and political instability, including trade tensions and wars; ● costs and delays associated with transportations and communications; ● coordination of operations through multiple jurisdictions and time zones; and fluctuations in foreign currency exchange rates We cannot guarantee that our estimates are accurate or that we will open enough offices to capitalize on the full market opportunity or that any new offices will be successful or profitable in the near future, or at all.
- During fiscal 2025, the Company relocated some existing sales offices to larger office locations within its original region.
- During fiscal 2025, the Company added 28 sales employees and plan to continue to expand our sales team in the future.
- In October 2023, the Company used $31,000,000 of cash to purchase our Anaheim corporate headquarters and distribution center.
- As of August 31, 2025, there was no outstanding balance on our line of credit, which line of credit is secured by substantially all of Bisco’s assets.
- Further, the Company has a loan agreement with the Bank that financed the tenant improvements on the corporate headquarters, of which approximately $4,214,000 was outstanding as of August 31, 2025.
- See Notes 4 and 10 of the Notes to Consolidated Financial Statements, included in Part II, Item 8 of this Annual Report for further explanation.
- Our ability to secure favorable financing is affected by various factors, including the macroeconomic environment, inflation and borrowing interest rates.
- In addition, we may need to pursue additional debt or equity financing or to refinance our existing loans, which funding may not be available on acceptable or favorable terms, on a timely basis or at all.
- 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.
- We currently have, and from time to time have had, material weaknesses in our internal controls over financial reporting due to a variety of issues, including, without limitation, significant deficiencies in the process related to the preparation of our consolidated financial statements, segregation of duties, sufficient control in the area of financial reporting oversight and review, and appropriate personnel to ensure the complete and proper application of GAAP as it relates to certain routine accounting transactions.
- As previously disclosed, a material weakness existed as of August 31, 2024, related to the Company’s internal controls over the financial reporting related to our financial closing process, including manual journal entries recorded in the preparation of the consolidated financial statements related to the Company’s lease accounts, and certain inventory and accrued liability accounts.
- Our failure to address any deficiencies or weaknesses in our internal control over financial reporting or to properly maintain an effective system of internal control over financial reporting could impact our ability to prevent fraud or to issue our consolidated financial statements in a timely manner that presents fairly, in accordance with GAAP, our financial condition and results of operations.
- The existence of any such deficiencies and/or weaknesses, even if cured, may also lead to the loss of investor confidence in the reliability of our consolidated financial statements, could harm our business and negatively impact the trading price of our common stock.
Gone since FY2024
- In the normal course of business, we are subject to claims and lawsuits, including from time to time class actions involving consumers, stockholders or employees, and claims relating to commercial, labor, or employment matters, We have in the past and may in the future be subject to investigations, claims, litigation and other proceedings outside the ordinary course of business.
- Our future performance will depend to a significant extent upon the efforts and abilities of certain key management and other personnel, including Glen Ceiley, our Chairman and CEO, and Don Wagner, Bisco President and Chief Operating Officer, as well as other executive officers and senior management.
- Furthermore, our efforts to compete in the marketplace could cause deterioration of gross profit margins and, thus, overall profitability.
- Based on our analysis of demographics in the United States, Canada, Mexico and countries within Asia, we currently estimate there is potential market opportunity in North America and Asia to support additional sales offices.
- In addition, our expansion into international markets such as Asia may encounter additional risks, challenges and difficulties that are not present for our U.S. operations, including the following: ● lack of experience and expertise in foreign markets; ● compliance with additional rules and regulations in non-U.S. jurisdictions, including export control and trade restrictions; ● economic and political instability, including trade tensions and wars; ● costs and delays associated with transportations and communications; ● coordination of operations through multiple jurisdictions and time zones; and fluctuations in foreign currency exchange rates We cannot guarantee that our estimates are accurate or that we will open enough offices to capitalize on the full market opportunity or that any new offices will be successful or profitable in the near future, or at all.
- During fiscal 2024, the Company relocated some existing sales offices to larger office locations within its original region.
- During fiscal 2024, the Company added 42 sales employees and plan to continue to expand our sales team in the future.
- In October 2023, the Company used $31.0 million of cash to purchase our Anaheim corporate headquarters and distribution center.
- As of August 31, 2024, there was no outstanding balance on our line of credit, which line of credit is secured by substantially all of Bisco’s assets.
- Further, the Company has a loan agreement with the Bank that financed the tenant improvements on the corporate headquarters, of which approximately $4.3 million was outstanding as of August 31, 2024.
- See Notes 4 and 9 of the Notes to Consolidated Financial Statements, included in Part II, Item 8 of this Annual Report for further explanation.
- As a result of the recent economic uncertainty primarily caused by inflation and high borrowing interest rates, we may need to pursue additional debt or equity financing or to refinance our existing loans, which funding may not be available on acceptable or favorable terms, on a timely basis or at all.
- There is currently no established trading market for our common stock, and the volume of any stock sales has generally been low.
- As of August 31, 2024, the number of shares held by non-affiliates of Mr.
- We currently have, and from time to time have had, material weaknesses in our internal controls over financial reporting due to a variety of issues, including, without limitation, significant deficiencies in the process related to the preparation of our financial statements, segregation of duties, sufficient control in the area of financial reporting oversight and review, and appropriate personnel to ensure the complete and proper application of GAAP as it relates to certain routine accounting transactions.
- Our failure to address any deficiencies or weaknesses in our internal control over financial reporting or to properly maintain an effective system of internal control over financial reporting could impact our ability to prevent fraud or to issue our financial statements in a timely manner that presents fairly, in accordance with GAAP, our financial condition and results of operations.
- The existence of any such deficiencies and/or weaknesses, even if cured, may also lead to the loss of investor confidence in the reliability of our financial statements, could harm our business and negatively impact the trading price of our common stock.
Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.