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.

The Eastern Company's (EML) CEO August Vlak on Q1 2021 Results - Earnings Call Transcript

The launch of new products at Big 3 Precision and Velvac, as well as strong demand across many of our core markets, drove first quarter 2021 net sales to $73.1 million, a record in Eastern's more than 160-year history and an increase of 12% compared with the first quarter of 2020. Gross margin expansion of 1.2% in the first quarter of 2021 compared to the first quarter of 2020 reflects higher sales and our success in passing on most raw material cost increases in many of our businesses.

The Eastern Company Reports First Quarter 2021 Results Net Sales Increase 12% to a New Record $73.1 Million; First Quarter 2021 Earnings More Than Doubled to $0.93 per Diluted Share

NAUGATUCK, CT / ACCESSWIRE / April 22, 2021 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving industrial markets, will conduct its 2021 Annual Meeting of Shareholders virtually on Wednesday, April 28, 2021. Immediately following, August Vlak, President and CEO, will host an investor webcast.

The Eastern Company Announces Timing of Virtual Annual Meeting of Shareholders and Investor Webcast

A Rebound in Sales to $60.4 Million and Backlog to $85.0 Million, as Many Markets Return to Pre-Pandemic Demand NAUGATUCK, CT / ACCESSWIRE / March 15, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), a manufacturer of unique engineered solutions serving industrial markets, today announced the results of operations for the fourth quarter and fiscal year ended January 2, 2021. Eastern's comprehensive program to maintain the health and safety of employees resulted in no closures and no interruption of operations related to the COVID-19 pandemic at any of its 21 facilities during the fourth quarter of fiscal 2020.

The Eastern Company Reports Results for the Fourth Quarter Fiscal 2020

NAUGATUCK, CT / ACCESSWIRE / March 3, 2021 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving industrial markets, will release financial results for the fourth quarter and fiscal year ended January 2, 2021 after the market close on Monday, March 15, 2021. Management will hold a conference call and webcast on Tuesday, March 16, 2021 at 11:00 a.m.

The Eastern Company Announces Timing of Fourth Quarter and Fiscal Year 2020 Earnings Release and Conference Call

The Eastern Company's net income is disappointing due to an impairment charge and restructuring expenses.

The Eastern Company: Trading At Pre-COVID Levels, But Still Not Expensive

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NAUGATUCK, CT / ACCESSWIRE / December 22, 2020 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving industrial markets, today announced it reduced its debt obligations by an additional $5.0 million. August Vlak, Eastern's President & CEO, said "We have allocated an additional $5.0 million to reduce our long term debt obligation.

The Eastern Company Further Reduces Its Debt and Strengthens Its Balance Sheet as Its Business Performance Recovers

The Eastern Company (EML) CEO August Vlak on Q2 2020 Results - Earnings Call Transcript

The Eastern Company (EML) CEO August Vlak on Q1 2020 Results - Earnings Call Transcript

The Eastern Company (EML) CEO Gus Vlak on Q4 2019 Results - Earnings Call Transcript

The Eastern Company (EML) CEO Gus Vlak on Q3 2019 Results - Earnings Call Transcript

The Eastern Company (EML) CEO Gus Vlak on Q2 2019 Results - Earnings Call Transcript

The Eastern Company (EML) CEO Gus Vlak on Q1 2019 Results - Earnings Call Transcript

The Eastern Company (EML) CEO August Vlak on Q4 2018 Results - Earnings Call Transcript

News for Eastern Company Stock (EML)