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EACO Corporation is a holding company that operates primarily through its wholly-owned subsidiary, Bisco Industries, Inc., and its Canadian subsidiary, Bisco Industries Limited. The company specializes in the distribution of electronic components and fasteners, catering to industries such as aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment, and marine. EACO offers a wide range of products, including spacers, standoffs, card guides, ejectors, component holders, fuses, circuit board connectors, cable components, fasteners, and hardware.
- Bisco Industries - Distributes electronic components and fasteners to original equipment manufacturers (OEMs) across various industries, providing a one-stop shopping experience with customized services like special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, and integrated supply programs.
- National-Precision - Focuses on selling electronic hardware and commercial fasteners to OEMs in industries such as aerospace, fabrication, and industrial equipment, aiming to be a leading global distributor of mil-spec and commercial fasteners and hardware.
- Fast-Cor - Supplies a broad range of components and fasteners, primarily targeting other distributors rather than manufacturers.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Glen F. Ceiley ExecutiveBoard | Chief Executive Officer and Chairman of the Board | Glen F. Ceiley has served as the Chief Executive Officer and Chairman of the Board of EACO Corporation since 1999. He joined EACO as a director in 1998 and also founded Bisco Industries in 1973, significantly contributing to the electronics industry. | View Report → | |
Donald S. Wagner Executive | President | Donald S. Wagner has served as President of Bisco Industries, a wholly-owned subsidiary of EACO, since June 2010 and has been with the company since 1994, holding several executive roles including Chief Operating Officer and Executive Vice President. | ||
Ellen Bancroft Board | Director | Ellen Bancroft is a director at EACO Corporation since June 6, 2023 and serves as an independent board member on committees such as the Audit Committee. She brings extensive experience in corporate governance, legal, and corporate finance roles from her previous leadership positions at Semtech Corporation, indie Semiconductor, and prominent law firms. | ||
Stephen Catanzaro Board | Director | Stephen Catanzaro has been a director at EACO Corporation since 1999 and currently serves as the Chairman of the Audit Committee, qualifying him as an audit committee financial expert. Previously, he served as the Chief Financial Officer at Bisco Industries, Allied Business Schools, and V&M Restoration, contributing extensive financial expertise. | ||
William L. Means Board | Director at EACO | William L. Means has served as a director of EACO since July 1999. He previously held executive roles at Bisco as Vice President of Corporate Development (1997-2001) and Vice President of Information Technology (2001-2010), bringing extensive industry expertise and leadership. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Bisco Industries, Inc. (Real Property Acquisition) | 2023 |
Recent press releases and 8-K filings for EACO.
- Record quarter performance with net sales of $100,132K and net income of $6,763K, reflecting increases of 20.2% and 23.0%, respectively.
- Improved profitability evidenced by basic earnings per share rising to $1.39 compared to $1.13 in the prior year quarter, alongside an operational expansion with an increase to 445 sales employees.