Business
EACO Corporation Reports Record 1st Quarter Net Sales & Net Income
EACO Corporation Reports Record 1st Quarter Net Sales & Net Income.
About this update from Eaco Corp.
[{"type":"text","content":"\n \n EACO Corporation (OTCQB:EACO) today reported the results for its quarter \n ended November 30, 2017.\n \n \n Net sales, net income and earnings per share were as follows for the \n three months ended November 30, 2017 (dollars in thousands, except per \n share information):\n \n \n \n \n \n \n  \n \n \n  \n \n \n  \n \n \n \n \n  \n \n \n  \n \n \n  \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended November 30,\n \n \n \n \n \n \n \n \n %\n \n \n \n \n \n \n \n \n \n \n \n \n 2017\n \n \n  \n \n \n  \n \n \n  \n \n \n 2016\n \n \n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n \n \n (unaudited)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n  \n \n \n \n \n Net sales\n \n \n \n \n \n \n \n \n $\n \n \n 42,171\n \n \n \n \n \n \n \n \n $\n \n \n 37,207\n \n \n \n \n \n \n \n \n 13.3\n \n \n %\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n  \n \n \n \n \n Net income\n \n \n \n \n \n \n \n \n $\n \n \n 1,195\n \n \n \n \n \n \n \n \n $\n \n \n 661\n \n \n \n \n \n \n \n \n 80.8\n \n \n %\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n  \n \n \n \n \n Basic and diluted earnings per common share\n \n \n \n \n \n \n \n \n $\n \n \n 0.24\n \n \n \n \n \n \n \n \n $\n \n \n 0.13\n \n \n \n \n \n \n \n \n 84.6\n \n \n %\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n  \n \n \n \n \n The Company had 328 sales employees as of November 30, 2017, an increase \n of 12 from the prior year quarter. The Company’s sales force is divided \n into sales focus teams (SFT). The Company had 96 SFT as of November \n 30,2017, an increase of 2 from the prior year quarter. Management \n anticipates continued growth in both our head count and SFT in fiscal \n year 2018. The Company believes it continues to increase market share \n through its local presence business model, increasing net sales by 13% \n and bookings by 25% when comparing to the prior year quarter.\n \n \n Safe Harbor Statement under the Private Securities Litigation Reform \n Act of 1995:\n \n \n Any statements set forth in this news release that are not entirely \n historical and factual in nature, including without ...