EACO Corporation delivered a solid QQ2 2024 performance with revenue of $83.335 million, up 8.3% year-over-year and 3.8% quarter-over-quarter. Gross profit totaled $25.027 million, yielding a gross margin of 30.03%, while operating income reached $7.429 million with an operating margin of 8.91% and net income of $5.498 million (EPS $1.13). EBITDA was $7.918 million, supporting a healthy, though not dominant, profitability profile for a diversified technology distributor.
From a cash-flow and balance-sheet perspective, the company generated $0.159 million of cash from operations in the quarter and reported negative free cash flow of $0.348 million, driven by working capital changes (notably increases in receivables and inventory alongside accounts payable dynamics). The balance sheet remains solid, with total assets of $161.345 million and total stockholders’ equity of $115.874 million. Liquidity is comfortable (current ratio 3.10; quick ratio 1.45), while leverage remains modest (total debt to equity ~0.08; net debt $5.28 million). Management commentary was not accompanied by formal forward guidance in the QQ2 filing, requiring investors to monitor ongoing demand in the technology distribution market and the potential for working-capital optimization to improve cash generation.