Welcome to our dedicated page for Eastern Co news (Ticker: EML), a resource for investors and traders seeking the latest updates and insights on Eastern Co stock.
Eastern Co (NASDAQ: EML), a leader in industrial hardware and security solutions since 1858, maintains this dedicated news hub for stakeholders tracking its manufacturing innovations and market position. Access timely updates on operational developments, financial performance, and strategic initiatives directly from the source.
This resource consolidates Eastern Co's official announcements including earnings disclosures, product launches, and partnership agreements. Investors benefit from structured updates about metal casting technologies, composite panel advancements, and security system innovations that drive the company's growth in transportation and industrial sectors.
All content undergoes rigorous verification to ensure alignment with financial reporting standards. Users can monitor evolving developments across Eastern Co's global operations while maintaining perspective on its historical engineering expertise. Bookmark this page for efficient tracking of material events impacting EML's market trajectory.
The Eastern Company (NASDAQ: EML) has appointed Chan W. Galbato to its Board of Directors, effective May 1, 2025. Galbato currently serves as a Director of Electrical Components International and is a Senior Advisor to Barington Capital Group. His extensive experience includes executive and board positions at Cerberus Capital Management, NFI Group, and Albertson's Companies, as well as senior roles at Invensys plc and General Electric Company.
Galbato holds an MBA from the University of Chicago and a BA in Economics from SUNY. Chairman James Mitarotonda highlighted Galbato's decades of leadership experience, particularly his role as CEO of Cerberus Operations and Advisory Company, and his deep industry knowledge in manufacturing operations.
The Eastern Company (NASDAQ:EML) has announced its 339th consecutive quarterly dividend of $0.11 per share. The dividend will be paid on June 16, 2025, to shareholders of record as of May 15, 2025. This remarkable streak of consecutive quarterly dividends demonstrates the company's long-standing commitment to providing consistent returns to its shareholders.
The Eastern Company (NASDAQ:EML), an industrial manufacturer of engineered solutions for commercial transportation and logistics, has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results after market close on Tuesday, May 6, 2025.
A conference call and webcast will be held the following day, Wednesday, May 7, 2025, at 9:00 a.m. ET. Investors can access the call via toll-free number 888-506-0062 in US & Canada or 973-528-0011 internationally, using conference entry code 798379. A webcast option is also available, and a replay will be provided for those unable to attend the live broadcast.
The Eastern Company (NASDAQ:EML), an industrial manufacturer specializing in engineered solutions for commercial transportation and logistics, has announced its Annual Meeting of Shareholders will be held virtually on Wednesday, April 30, 2025, at 11:00 a.m. ET.
Shareholders can participate through multiple channels:
- Phone access: 1-877-328-2502 (US/Canada toll-free) or 1-412-317-5419 (International)
- Webcast: www.virtualshareholdermeeting.com/EML2025
No passcode is required for phone participation - attendees simply need to request the Eastern Company Annual Meeting when prompted by the operator. For those unable to attend the live event, a replay of the webcast will be available.
The Eastern Company (NASDAQ:EML) reported strong financial results for Q4 and full year 2024. Net sales from continuing operations increased 4.5% to $66.7 million in Q4 2024 and 5% to $272.8 million for FY 2024. The company achieved net income of $13.2 million ($2.13 per diluted share) in FY 2024, up 12% from 2023.
Q4 2024 saw higher demand for returnable transport packaging products, though offset by lower demand for truck accessories and mirror assemblies. Gross margin was 23.0% in Q4 2024, down from 26.8% in Q4 2023, primarily due to higher material costs. The company's backlog stood at $89.2 million as of December 28, 2024, compared to $77.1 million the previous year.
Under new CEO Ryan Schroeder, Eastern appointed new presidents for two of its three operating businesses, focusing on enhancing operational efficiency and setting the stage for long-term growth.
The Eastern Company (NASDAQ:EML), an industrial manufacturer specializing in engineered solutions for commercial transportation, logistics, and industrial markets, has announced its upcoming earnings release schedule. The company will disclose its fourth quarter and fiscal year 2024 financial results after market close on Tuesday, March 11, 2025.
Management will host a conference call and webcast to discuss the results on Wednesday, March 12, 2025, at 11:00 a.m. ET. The call will be accessible via toll-free number 888-506-0062 (US & Canada) or 973-528-0011 (international) using conference code 184305. A webcast option is also available, and a replay will be provided for those unable to attend the live broadcast.
The Eastern Company (NASDAQ:EML) has announced its 338th consecutive quarterly cash dividend. The company declared a regular quarterly dividend of $0.11 per share, which will be paid on March 14, 2025, to shareholders of record as of February 14, 2025.
The Eastern Company (NASDAQ:EML) reported strong Q3 2024 results with net sales from continuing operations increasing 15% to $71.3 million compared to $62.0 million in Q3 2023. Gross margin improved to 25.5% from 24.9%, while earnings per diluted share rose 36% to $0.75. The company announced Ryan Schroeder as new CEO effective November 6, 2024. Eastern's backlog increased 13% to $97.2 million, driven by increased orders for truck mirror assemblies and returnable transport packaging products. The company has classified Big 3 Mold business as discontinued operations, recording a $23.1 million write-down to fair value.
The Eastern Company (NASDAQ:EML) has announced its regular quarterly cash dividend of $0.11 per share. The dividend will be paid on December 13, 2024, to shareholders of record as of November 15, 2024. This marks the company's 337th consecutive quarterly dividend, demonstrating a long-standing commitment to providing shareholder returns.
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