Eastern Co Stock Price, News & Analysis

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.

The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions for commercial transportation, logistics, and other industrial markets, has announced the timing for its third quarter fiscal year 2024 earnings release and conference call.

Key details:

• Financial results will be released after market close on Tuesday, November 5, 2024
• Management will hold a conference call and webcast on Wednesday, November 6, 2024, at 11:00 a.m. ET
• Dial-in numbers: 888-506-0062 (toll-free in US & Canada) or 973-528-0011 (international)
• Conference entry code: 594322
• Webcast link: https://www.webcaster4.com/Webcast/Page/1757/51396

A replay of the webcast will be available for those unable to listen to the live broadcast.

The Eastern Company (NASDAQ:EML) reported strong Q2 2024 results, with net income rising to $3.5 million ($0.56 per diluted share), up from $1.4 million in Q2 2023. Gross margin improved to 25%, and the backlog increased 43% to $107.3 million. Net sales grew 7% to $73.2 million, driven by increased demand for truck mirror assemblies. The company's business transformation program is progressing, although challenges remain in some markets. Eastern's ability to address customer needs during supply chain disruptions has led to new business opportunities. The company continues to focus on operational excellence and strengthening customer relationships to deliver consistent performance and shareholder value.

The Eastern Company (NASDAQ:EML) has declared its 336th consecutive quarterly cash dividend of $0.11 per share. This regular dividend will be payable on September 13, 2024, to common shareholders of record as of August 15, 2024. The announcement demonstrates the company's commitment to providing consistent returns to its shareholders, maintaining a long-standing tradition of quarterly dividend payments. This consistent dividend policy may be viewed as a sign of financial stability and confidence in the company's ongoing performance.