FIN STOCK REVIEW
Stock Report: EACO (Bisco Industries)
Bisco Industries reported revenues, including fasteners, rose 4.1% to $140.2 million in 2015. Gross profit gained 11% to $41.1 million, with gross margin rising to 29.3%.
Full-year net income dropped to $3.74 million.
Bisco Industries opened three new sales facilities in 2015, marking the fifth consecutive year that Bisco opened at least one new facility.
In March of 2015, Bisco opened its 46th local office in Dania Beach, FL. The location serves customers throughout South Florida, including the greater Miami area.
August 2015 marked the grand opening of Bisco’s third Canadian facility and 47th location overall. Bisco’s British Columbia facility is located in Richmond, BC, and serves customers in Western Canada.
Also in August, Bisco opened a new facility in South Carolina. Bisco’s South Carolina location is the company’s 48th facility and is located in North Charleston.
Anaheim, CA-based Bisco is a distributor of electronic components and fasteners with 48 sales offices and seven distribution centers located throughout the U.S. and Canada. Bisco supplies parts to OEMs in the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment and marine industries.
The National-Precision division sells electronic hardware and commercial fasteners to OEMs in the aerospace, fabrication and industrial equipment industries.
The Fast-Cor division sources components and fasteners. Fast-Cor sells to other distributors, not manufacturers. Bisco sells its products primarily in the U.S. and Canada. Bisco’s international sales represented 8.6% and 7% of its sales fiscal years ended August 31, 2015 and 2014, respectively.
Corporate Office: 1500 Lakeview Avenue Anaheim, CA 92807. Tel: 513-851-4900 Web: biscoind.com
CEO: Glen F. Ceiley
Employees: 424
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