EACOOTCWholesale-Electronic Parts & Equipment, NECUS GAAP · USD

Eaco Corp

EACO Corp is a U.S.-based holding company whose operating business is conducted primarily through Bisco Industries and its Canadian subsidiary. Bisco distributes electronic components, fasteners, and related hardware to manufacturers and distributors across North America, supported by a network of sales offices, distribution centers, and value-added inventory services.

Revenue428m USD
+20.1 %y/y
Operating profit (EBIT)41.8m USD
+96.1 %y/y
EBIT margin9.8%
+3.8 ppy/y
Net income32.3m USD
+116.0 %y/y
Free cash flow15.9m USD
+185.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0100200300400500m USD2020: 225 m USD2020: EBIT 10 m USD20202021: 238 m USD2021: EBIT 13 m USD20212022: 293 m USD2022: EBIT 30 m USD20222023: 319 m USD2023: EBIT 27 m USD20232024: 356 m USD2024: EBIT 21 m USD20242025: 428 m USD2025: EBIT 42 m USD202542842
RevenueOperating profit (EBIT)

Business

Share of revenue
Electronic components55 %

Stocked parts used in circuit boards, communications, computers, and other assemblies.

Fasteners and hardware30 %

Commercial and mil-spec fasteners, hardware, and related attachment products.

Value-added supply chain services10 %

Kitting, packaging, assembly, bin stocking, and integrated supply support.

Distributor sales channel5 %

Sales to other distributors through the Fast-Cor division and related channels.

Customers

Bisco sells mainly to OEMs, but also serves distributors and smaller businesses that need reliable access to a wide catalog of parts. Its customer base spans aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment, and marine end markets, where buyers value breadth of inventory and fast fulfillment.

Original equipment manufacturers (OEMs)

Buy electronic components and fasteners for use in finished products and assemblies.

Industrial and aerospace manufacturers

Buy hardware and mil-spec fasteners for production, maintenance, and compliance-sensitive applications.

Distributors

Buy through Fast-Cor to source a broad range of components and fasteners for resale.

Small and local businesses

Buy smaller quantities and rely on Bisco's breadth of inventory and service support.

Strategy

Management is focused on expanding geographically by opening new sales offices, including planned entry into Mexico. The company also emphasizes service depth, inventory breadth, and tailored programs for OEMs and distributors to defend share in a highly competitive market.

Geographic expansionMedium term

New offices increase customer access and support revenue growth, but require execution and capital.

Industry-focused sellingMedium term

Specialized divisions improve customer targeting and service quality in niche end markets.

Service and inventory differentiationShort term

Broad stock availability and value-added services help retain OEM accounts in a competitive market.

Geography

EACO's operating footprint is concentrated in the United States and Canada, with 51 sales offices and seven distribution centers across North America. The company also has a sales office in the Philippines and plans an additional office in Mexico, which points to a gradual expansion strategy beyond its core North American base.

Risks

EACO faces supplier concentration and supply-chain risk because it generally lacks long-term supply or price guarantees. It also operates in a highly competitive distribution market where margin pressure, macroeconomic weakness, tariffs, and trade restrictions can affect both demand and sourcing.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Supplier availability and pricing risk1Competitive margin pressure2Macroeconomic slowdown3International expansion and trade risk4Cybersecurity and privacy risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Supplier availability and pricing riskImpact: HighLikelihood: Medium

    The company generally does not have guaranteed price or delivery arrangements, so shortages or cost spikes can hurt sales and margins.

    Exposure: Inventory availability and gross margin

  2. Competitive margin pressureImpact: HighLikelihood: Medium

    Bisco competes with other distributors and suppliers selling similar products, which can force lower pricing and reduce profitability.

    Exposure: Gross margin and customer retention

  3. Macroeconomic slowdownImpact: MediumLikelihood: Medium

    Customer purchasing is tied to industrial activity, inflation, interest rates, and broader economic conditions.

    ExposureDemandReceivablesSupplier pricing
  4. International expansion and trade riskImpact: MediumLikelihood: Medium

    New markets such as Mexico and Asia add regulatory, geopolitical, and trade-compliance complexity.

    Exposure: Expansion execution and cross-border operations

  5. Cybersecurity and privacy riskImpact: MediumLikelihood: Medium

    The business handles customer, employee, and vendor data and relies on digital systems for ordering and fulfillment.

    Exposure: Operational continuity and compliance costs

Accounting

Judgemental items
Point-in-time revenue recognition

Sales are recognized when products ship, so cut-off and shipping-point timing can shift revenue between periods.

Impact: Quarterly comparability and reported net sales

Inventory valuation and reserves

Management estimates obsolescence and net realizable value based on demand and holding time.

Impact: Gross margin and inventory carrying value

Marketable securities at fair value

Trading gains and losses flow through other income, creating non-operating earnings volatility.

Impact: Net income and other income (expense)

Allowance for doubtful accounts

Economic weakness can increase uncollectible receivables in a broad customer base.

Impact: Operating expenses and working capital

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026