EDUC
Educational Development Corporation1.3300
+0.0100+0.76%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.42MP/E (TTM)
-Basic EPS (TTM)
-0.54Dividend Yield
0%Recent Filings
8-K
8-K
EDC sells HQ, clears debt
Educational Development Corporation completed the $32.2 million sale of its Tulsa headquarters and warehouse to 10Mark 10K Industrial on October 27, 2025, using proceeds to fully repay $30 million in bank debt without penalties. The company leased back 107,000 square feet under a 10-year triple-net agreement at $8 per square foot, escalating 2.5% annually, with two five-year renewal options. Debt elimination boosts annual cash flow by $1 million, offset by lease costs and retained tenant income. This strengthens the balance sheet while retaining a $2 million adjacent land parcel.
8-K
EDC amends Hilti sale, proceeds to debt
Educational Development Corporation amended its real estate contract on October 1, 2025, slashing the Hilti Complex sale price to $32.2 million and extending due diligence to October 6, when the buyer signaled intent to proceed. EDC plans to deploy proceeds to clear bank debt, eliminating mortgage payments while leasing back space under a triple-net agreement. This shift boosts monthly cash flows immediately. Tenant leases for Hilti and Crusoe Energy will transfer at closing, expected within 45 days.
8-K
Q2 FY2026 earnings call announced
Educational Development Corporation announced its fiscal 2026 second quarter earnings call for October 9, 2025, at 3:30 PM CT, featuring CEO Craig White, CSMO Heather Cobb, and CFO Dan O'Keefe to discuss results and field questions. The live webcast and phone access via (800) 717-1738 with ID 43999 ensure broad investor participation. Replays follow at www.edcpub.com/investors. No financial previews disclosed yet.
8-K
EDC sells HQ for $32.5M
Educational Development Corporation signed a $32,500,000 sale agreement on August 18, 2025, for its 402,000-square-foot Tulsa headquarters and warehouse, excluding adjacent land. Proceeds will repay outstanding bank loans, slashing debt while EDC leases back space under a 10-year triple-net deal at $8.00 per square foot with 2.5% annual escalations. This swap ends mortgage payments, boosts cash flow as interest savings outpace rent, and frees capital from excess inventory. Yet risks linger if due diligence falters in the 45-day window.
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