Eastern Company

The Eastern Co. engages in the design, manufacture and sale of industrial hardware, security products and metal products. It operates through the following segments: Engineered Solutions and Diversified Products. The Engineered Solutions segment consists of Big 3 Precision. The Diversified Products segment consists of Frazer & Jones, Greenwald Industries, and Argo EMS. The company was founded by Eben Tuttle in October 1858 and is headquartered in Naugatuck, CT.

Earnings data Q1 2021

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Eastern Company excels in Q2 2024, navigating market challenges

Eastern Company's Q2 2024 performance reflects strong financial growth, driven by increased sales, improved margins, and operational efficiency.
Despite challenges in the commercial vehicle market, the company's strategic focus on agility, operational excellence, and debt reduction underpins its profitability.
With a commitment to consistent earnings and shareholder value, Eastern is well-positioned to navigate market uncertainties and capitalize on growth opportunities.

Eastern Company (EML) reports robust Q3 earnings and appoints new CEO

Eastern Company (EML) delivered strong financial results in Q3 2024, driven by increased net sales and improved margins. The strategic sale of a business unit underscores a focus on core strengths in manufacturing. The appointment of a new CEO with relevant experience positions the company for continued growth.

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The Eastern Co. engages in the design, manufacture and sale of industrial hardware, security products and metal products. It operates through the following segments: Engineered Solutions and Diversified Products. The Engineered Solutions segment consists of Big 3 Precision. The Diversified Products segment consists of Frazer & Jones, Greenwald Industries, and Argo EMS. The company was founded by Eben Tuttle in October 1858 and is headquartered in Shelton, CT.

NAUGATUCK, CN / ACCESSWIRE / October 25, 2022 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the third quarter of fiscal year 2022 after the market close on Monday, November 7, 2022. Management will hold a conference call and webcast on Tuesday, November 8, 2022, at 11:00 a.m.

The Eastern Company Announces Timing of Third Quarter Fiscal Year 2022 Earnings Release and Conference Call

The Eastern Company (NASDAQ:EML ) Q2 2022 Earnings Conference Call August 8, 2022 11:00 AM ET Company Participants Nicholas Vlahos - VP of Finance, Treasurer, & Secretary Gus Vlak - CEO Peter O'Hara - CFO Conference Call Participants David Cohen - Minerva Advisors Operator Good day, ladies and gentlemen, and welcome to the Second Quarter Fiscal Year 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode.

The Eastern Company (EML) CEO Gus Vlak on Q2 2022 Results - Earnings Call Transcript

Second Quarter 2022 Net Sales from Continuing Operations Grew 14% Over Prior-Year Period Earnings Per Share from Continuing Operations Grew 34% Over Prior-Year Period Net sales from continuing operations grew to a new record of $69.5 million in the second quarter of 2022, an increase of 14% compared to net sales from continuing operations in the second quarter of 2021. Orders remained strong and the backlog at the end of the quarter was $82.8 million.

The Eastern Company Reports Another Record Setting Quarter

NAUGATUCK, CT / ACCESSWIRE / July 28, 2022 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 15, 2022, to common shareholders of record as of August 15, 2022. This dividend represents the Company's 328th consecutive quarterly dividend.

The Eastern Company Declares 328th Regular Quarterly Cash Dividend

NAUGATUCK, CT / ACCESSWIRE / July 21, 2022 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the second quarter of fiscal year 2022 after the market close on Monday, August 8, 2022. Management will hold a conference call and webcast on Tuesday, August 9, 2022 at 11:00 a.m.

The Eastern Company Announces Timing of Second Quarter Fiscal Year 2022 Earnings Release and Conference Call

NAUGATUCK, CT / ACCESSWIRE / June 29, 2022 / The Eastern Company ("Eastern", or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that its Board of Directors (the "Board") has appointed Mr. Mark Hernandez and Mr.

The Eastern Company Appoints Mark Hernandez and Michael Mardy to its Board of Directors

The Eastern Company (NASDAQ:EML ) Q1 2022 Results Conference Call May 10, 2022 11:00 AM ET Company Participants Chris Moulton - Head, Corporate Development Gus Vlak - Chief Executive Officer Peter O'Hara - Chief Financial Officer John Sullivan - VP & Retiring CFO Operator Good day, ladies and gentlemen, and welcome to The Eastern Company First Quarter Fiscal Year 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode.

The Eastern Company (EML) CEO Gus Vlak on Q1 2022 Results - Earnings Call Transcript

Net sales from continuing operations grew to a record $69.0 million in the first quarter of 2022, an increase of 12% compared to net sales from continuing operations in the first quarter of 2021. Customer orders were strong and our backlog at the end of the first quarter of 2022 was up 23% to $85.8 million from $69.7 million at the end of the first quarter of 2021.

The Eastern Company Reports First Quarter 2022 Results Record Net Sales From Continuing Operations; an Increase of 12% Over Prior-Year Period

NAUGATUCK, CT / ACCESSWIRE / April 27, 2022 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2022, to common shareholders of record as of May 13, 2022. This dividend represents the Company's 327th consecutive quarterly dividend.

The Eastern Company Declares 327th Regular Quarterly Cash Dividend

NAUGATUCK, CT / ACCESSWIRE / April 19, 2022 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the first quarter fiscal year 2022 after the market close on Monday, May 9, 2022. Management will hold a conference call and webcast on Tuesday, May 10, 2022 at 11:00 a.m.

The Eastern Company Announces Timing of First Quarter Fiscal Year 2022 Earnings Release and Conference Call

The Eastern Company (EML) CEO August M. Vlak on Q4 2021 - Earnings Call Transcript

Eastern Announces Upcoming Retirement of John Sullivan, CFO, and Hiring of Peter O'Hara Strong demand across core markets, combined with superb execution by our teams, drove growth in our net sales from continuing operations to $246.5 million in 2021, an increase of 25% compared to net sales from continuing operations in 2020. Customer orders were strong and backlog grew to $82.8 million at the end of 2021 compared to $64.7 million at the end of 2020.

The Eastern Company Reports Fourth Quarter and Full-Year 2021 Results Full-Year Net Sales From Continuing Operations Increase by 25% Full-Year Net Income From Continuing Operations Grow by 47%

NAUGATUCK, CN / ACCESSWIRE / March 8, 2022 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the fourth quarter and fiscal year 2021 after the market close on Thursday, March 17, 2022. Management will hold a conference call and webcast on Friday, March 18, 2022 at 11:00 a.m.

The Eastern Company Announces Timing of Fourth Quarter and Fiscal Year 2021 Earnings Release and Conference Call

NAUGATUCK, CT / ACCESSWIRE / February 9, 2022 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable March 15, 2022, to common shareholders of record as of March 1, 2022. This dividend represents the Company's 326th consecutive quarterly dividend.

The Eastern Company Declares 326th Regular Quarterly Cash Dividend

NAUGATUCK, CT / ACCESSWIRE / December 20, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that Michael McManus will retire from its Board of Directors, effective December 31, 2021. James Mitarotonda, Chairman of the Board said, "On behalf of The Eastern Company and its board of directors, I thank Mike for his dedicated service to Eastern since 2015, including as Chairman of the Compensation Committee and a member of the Audit and Environmental, Health & Safety Committees.

The Eastern Company Announces the Retirement of Michael McManus, Director

NAUGATUCK, CT / ACCESSWIRE / November 22, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that it has sold its Frazer & Jones foundry business ("Frazer & Jones"). August Vlak, Eastern's President & CEO, said that "the divestiture of Frazer & Jones is part of our ongoing work to streamline our portfolio of businesses and build scale in our largest businesses, which we believe will accelerate Eastern's growth and strengthen our operating margins.

The Eastern Company Announces the Sale of Frazer & Jones

The Eastern's (EML) CEO Gus Vlak on Q3 2021 Results - Earnings Call Transcript

Net Sales from Continuing Operations Increase by 15%; Net Earnings from Continuing Operations Grow by 21% Strengthening demand across our core markets drove growth in our net sales from continuing operations to $63.9 million in the third quarter of 2021, an increase of 15% compared to net sales from continuing operations in the third quarter of 2020. Customer orders were strong and backlog grew to $83.1 million at the end of the third quarter compared to $57.7 million at the end of the third quarter of 2020.

The Eastern Company Reports Third Quarter 2021 Financial Results

NAUGATUCK, CT / ACCESSWIRE / November 4, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that it has sold its Greenwald Industries business ("Greenwald"). August Vlak, Eastern's President & CEO, said that "the divestiture of Greenwald is part of our ongoing work to streamline our portfolio of businesses and build scale in our largest businesses, which we believe will accelerate Eastern's growth and strengthen our operating margins.

The Eastern Company Announces the Sale of Greenwald Industries

NAUGATUCK, CT / ACCESSWIRE / November 3, 2021 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the third quarter of 2021 after the market close on Wednesday, November 10, 2021. Management will hold a conference call and webcast on Thursday, November 11, 2021 at 11:00 a.m.

The Eastern Company Announces Timing of Third Quarter 2021 Earnings Release and Earnings Webcast

NAUGATUCK, CT / ACCESSWIRE / November 2, 2021 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 15, 2021, to common shareholders of record as of November 15, 2021. This dividend represents the Company's 325th consecutive quarterly dividend.

The Eastern Company Declares 325th Regular Quarterly Cash Dividend

The Eastern Company (EML) CEO Gus Vlak on Q2 2021 Results - Earnings Call Transcript

NET SALES from continuing operations INCREASED BY 55%;  NET EARNINGS from continuing operations grew BY 32% Eastern accelerates its transformation and focus on growing its Engineered Solutions segment. The Company reports its Diversified Products segment as "discontinued operations" while exploring strategic alternatives for these businesses.

The Eastern Company Reports Second Quarter 2021 Financial Results

NAUGATUCK, CT / ACCESSWIRE / August 6, 2021 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 15, 2021, to common shareholders of record as of August 13, 2021. This dividend represents the Company's 324th consecutive quarterly dividend.

The Eastern Company Declares Regular Quarterly Cash Dividend

The Eastern Company continues to gain momentum as it reported increasing revenues and margins in Q1. The free cash flow remains strong but the working capital requirements are slowing down a reduction in the company's net debt.

News for Eastern Company Stock (EML)