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.

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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.

SHELTON, CT / ACCESSWIRE / October 20, 2023 / 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 fiscal year 2023 after the market close on Tuesday, November 7, 2023. Management will hold a conference call and webcast on Wednesday, November 8, 2023 at 11:00 a.m.

The Eastern Company Announces Timing Of Third Quarter Fiscal Year 2023 Earnings Release And Conference Call

SHELTON, CT / ACCESSWIRE / August 21, 2023 / The Eastern Company (NASDAQ:EML) (the "Company") announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to 200,000 shares of its common stock through August 20, 2028. Under the share repurchase program, the Company may repurchase shares in the open market and may also enter into structured repurchase agreements with third parties.

The Eastern Company Announces Program to Repurchase Up to 200,000 Shares by August 20, 2028

The Eastern Company (NASDAQ:EML ) Q2 2023 Results Conference Call August 9, 2023 11:00 AM ET Company Participants Ernie Hawkins - Corporate Controller Mark Hernandez - President, CEO Nicholas Vlahos - CFO Conference Call Participants Ross Davisson - Banneton Capital Operator Greetings. Welcome to the Eastern Company's Second Quarter Fiscal Year 2023 Earnings Call.

The Eastern Company (EML) Q2 2023 Earnings Call Transcript

New leadership team executing on its operational transformation program with results beginning to materialize. Cash flow from operations for the six months ended July 1, 2023 increased by $16 million as compared to the same period in 2022.

The Eastern Company Reports Second Quarter 2023 Results

SHELTON, CT / ACCESSWIRE / August 1, 2023 / 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, 2023, to common shareholders of record as of August 15, 2023. This dividend represents the Company's 332nd consecutive quarterly dividend.

The Eastern Company Declares 332nd Consecutive Quarterly Cash Dividend

SHELTON, CT / ACCESSWIRE / July 21, 2023 / 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 fiscal year 2023 after the market close on Tuesday, August 8, 2023. Management will hold a conference call and webcast on Wednesday, August 9, 2023 at 11:00 a.m.

The Eastern Company Announces Timing of Second Quarter Fiscal Year 2023 Earnings Release and Conference Call

SHELTON, CT / ACCESSWIRE / June 29, 2023 / The Eastern Company (the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that the Company has acquired certain assets of Sureflex, Inc. ("Sureflex"). The Company did not disclose the terms of the transaction.

The Eastern Company Acquires the Business and Certain Assets of Sureflex, Inc.

SHELTON, CT / ACCESSWIRE / June 20, 2023 / The Eastern Company (the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced the establishment of a new $90 million 5-year senior secured credit facility. The new facility replaces the existing facility, which would have expired in August 2024.

The Eastern Company Announces New $90 Million 5-Year Credit Facility

The Eastern Company (NASDAQ:EML ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Ernie Hawkins - Corporate Controller Mark Hernandez - President and CEO Nicholas Vlahos - Chief Financial Officer Conference Call Participants Ross Davisson - Banneton Capital Operator Greetings. And welcome to The Eastern Company's First Quarter Fiscal Year 2023 Earnings Call.

The Eastern Company (EML) Q1 2023 Earnings Call Transcript

Net sales from continuing operations rose 5% to $72.5 million compared to last year's period. Inventory down 11% compared to December 31, 2022; working capital also reduced quarter over quarter.

The Eastern Company Reports First Quarter 2023 Results

Company Expects to Record a Charge of Approximately $4.0 Million in the Second Quarter SHELTON, CT / ACCESSWIRE / May 1, 2023 / The Eastern Company (the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that the Company plans to close Associated Tool Makers, Ltd., its European mold tooling service facility based in the U.K. As a result, the Company expects to record charges totaling approximately $4.0 million in the second quarter of fiscal 2023 for severance and other related costs associated with exiting the business.

The Eastern Company to Exit Associated Tool Makers, Ltd.

SHELTON, CT / ACCESSWIRE / April 27, 2023 / 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 2023 after the market close on Tuesday, May 9, 2023. Management will hold a conference call and webcast on Wednesday, May 10, 2023 at 11:00 a.m.

The Eastern Company Announces Timing of First Quarter Fiscal Year 2023 Earnings Release and Conference Call

SHELTON, CT / ACCESSWIRE / April 27, 2023 / 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, 2023, to common shareholders of record as of May 15, 2023. This dividend represents the Company's 331st consecutive quarterly dividend.

The Eastern Company Declares 331st Consecutive Quarterly Cash Dividend

SHELTON, CT / ACCESSWIRE / March 24, 2023 / The Eastern Company (the "Company" or "Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that Mark Hernandez, Eastern's President and Chief Executive Officer ("CEO"), has moved forward with the restructuring of the Chief Operating Officer ("COO") position. Mr. Hernandez has eliminated the position of COO and will assume the duties which were previously the responsibility of James Woidke, COO.

The Eastern Company Announces The Restructuring Of The Chief Operating Officer Position

A decade-long involvement of an activist investor begins to be visible. The portfolio of businesses of the holding company is set for the next phase. The Q4 and full 2022 results were disappointing, but the recent share price decline could represent a buying opportunity.

Eastern Company: The Plunge Could Represent A Buy Opportunity

The Eastern Company (NASDAQ:EML ) Q4 2022 Earnings Conference Call March 15, 2023 11:00 AM ET Company Participants Ernie Hawkins - Corporate Controller Mark Hernandez - President and Chief Executive Officer Nicholas Vlahos - Chief Financial Officer Conference Call Participants Ross Davisson - Banneton Capital Operator Greetings, and welcome to The Eastern Company's Fourth Quarter Fiscal Year 2022 Earnings Call. At this time, all participants are in a listen-only mode, and a question-and-answer session will follow the formal presentation.

The Eastern Company (EML) Q4 2022 Earnings Call Transcript

Strong demand across core markets, combined with superb execution by our teams, drove growth in net sales from continuing operations to $279.3 million in 2022, an increase of 13% compared to net sales from continuing operations in 2021. To streamline our portfolio of businesses and build scale in our largest businesses, we divested Argo EMS in the fourth quarter of 2022.

The Eastern Company Reports Fourth Quarter And Full-Year 2022 Results Full-year Net Sales From Continuing Operations Increased 13%

SHELTON, CT / ACCESSWIRE / February 23, 2023 / 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 2022 after the market close on Tuesday, March 14, 2023. Management will hold a conference call and webcast on Wednesday, March 15, 2023, at 11:00 a.m.

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

SHELTON, CT / ACCESSWIRE / February 7, 2023 / 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, 2023, to common shareholders of record as of February 15, 2023. This dividend represents the Company's 330th consecutive quarterly dividend.

The Eastern Company Declares 330th Regular Quarterly Cash Dividend

SHELTON, CT / ACCESSWIRE / January 26, 2023 / The Eastern Company (the "Company" or "Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that its Board of Directors has named Nicholas ("Nick") Vlahos as its Chief Financial Officer to succeed Peter O'Hara, who has resigned effective February 3, 2023 to pursue other opportunities. Mark Hernandez, Eastern's President and Chief Executive Officer, said, "During his time at Eastern, Nick has demonstrated strong leadership capabilities, business judgment, and results orientation.

The Eastern Company Appoints Nick Vlahos to Succeed Peter O'Hara as its Chief Financial Officer

With some 150 years of experience in the field, The Eastern Company, through its three large production segments, is a multinational corporation that offers engineering services. Management noted demand across its core markets and strong orders as compared to previous years.

The Eastern: OEMs Activity Could Trigger Stock Price Action

SHELTON, CT / ACCESSWIRE / January 10, 2023 / The Eastern Company (the "Company" or "Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that its Board of Directors has named Mark Hernandez, currently a member of the Board of Directors, the Company's next Chief Executive Officer, effective January 23, 2023. Mr. Hernandez will succeed August (Gus) Vlak, who has served as CEO since 2016.

Mark Hernandez To Succeed August Vlak as Chief Executive Officer of the Eastern Company

SHELTON, CT / ACCESSWIRE / December 1, 2022 / The Eastern Company (NASDAQ:EML) today announced August Vlak, President & CEO and Peter O'Hara, CFO, will present and host one-on-one meetings with investors at the Sidoti December Virtual Investor Conference, taking place on December 7-8, 2022. Mr. Vlak will discuss Eastern's strategy to capitalize on growth trends, including electrification, digitization, and automation and discuss the business' performance priorities for 2023.

The Eastern Company to Present at Virtual Investor Conference on December 7-8, 2022

The Eastern Company (NASDAQ:EML ) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Nicholas Vlahos - VP of Finance, Treasurer, & Secretary August Vlak - President and Chief Executive Officer Peter O'Hara - Chief Financial Officer Conference Call Participants Ross Davidson - Benetton Capital Operator Good morning, ladies and gentlemen, and welcome to the Eastern Company's Third Quarter Fiscal Year 2022 Earnings Call. At this time all participants' have been placed on a listen-only mode.

The Eastern Company (EML) Q3 2022 Earnings Call Transcript

NAUGATUCK, CT / ACCESSWIRE / November 2, 2022 / 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, 2022, to common shareholders of record as of November 15, 2022. This dividend represents the Company's 329th consecutive quarterly dividend.

News for Eastern Company Stock (EML)