The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company operates through two segments, Engineered Solutions and Diversified Products. The Engineered Solutions segment offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components; and supplies blow molds and change parts to the food, beverage, healthcare and chemical industry. It also offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, as well as development and program management services for custom electromechanical and mechanical systems; designs and manufactures proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications; and provides aftermarket components to the heavy-duty truck market. The Diversified Products segment designs and manufactures ductile and malleable iron castings, comprising of valves, torque screws, bean clamps, and concrete anchors; and payment systems and coin security products, such as timers, drop meters, coin chutes, money boxes, meter cases, mobile payment apps, smart cards, value transfer stations, smart card readers, card management software, and access control units for commercial laundry market. It also supplies printed circuit boards and other electronic assemblies to OEMs in various industries, including measurement systems, semiconductor equipment manufacturing, industrial controls, medical, and military products. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: easterncompany.com
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Net sales from continuing operations increase to $71.3 million in Q3 2024 compared to $62.0 million in Q3 2023Gross margin from continuing operations increases to 25.5% in Q3 2024 compared to 24.9% in Q3 2023Earnings per diluted share from continuing operations increase 36% to $0.75 in Q3 2024 compared to $0.55 in Q3 2023Eastern advances its business transformation by reporting Big 3 Mold business as discontinued operationsEastern announces transition to new CEO – Ryan Schroeder SHELTON, CT / ACCESSWIRE / November 5, 2024 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistic
SHELTON, CT / ACCESSWIRE / October 29, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 13, 2024, to common shareholders of record as of November 15, 2024. This dividend represents the Company's 337th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on t
SHELTON, CT / ACCESSWIRE / October 21, 2024 / 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 2024 after the 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 to discuss the Company's results and other matters. For those who cannot listen to the live broadcast, a replay of the webcast will be available.What: The Eastern Company Q3 Fiscal Year 2024 Financial Results Conference CallWhen: Wednesday, November 6, 2024Time: 11
Net income for Q2 2024 rises to $3.5 million, or $0.56 per diluted share, compared to net income of $1.4 million, or $0.22 per diluted share, for Q2 2023.Gross margin increases to 25% in Q2 2024 compared to 22% in Q1 2023.Backlog as of June 29, 2024 rises 43% to $107.3 million from $75.3 million as of July 1, 2023.SHELTON, CT / ACCESSWIRE / August 6, 2024 / The Eastern Company ("Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced the results of operations for the second fiscal quarter ended June 29, 2024.President and CEO Mark Hernandez stated, "Our second quarter results
SHELTON, CT / ACCESSWIRE / July 31, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 13, 2024, to common shareholders of record as of August 15, 2024. This dividend represents the Company's 336th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on the C
TriMas' Shares have Underperformed its Peers and the Market Over a Long-Term Period Believes TriMas' Multi-Segment Structure has Done Little to Benefit Stockholders Recommends TriMas Sell its Aerospace Segment or the Entire Company NEW YORK, July 29, 2024 /PRNewswire/ -- Barington Capital Group, L.P. and its affiliates, including The Eastern Company (NASDAQGM:EML) ("Barington" or "we"), which collectively own approximately 1.5% of TriMas Corporation (NASDAQ:TRS) ("TriMas" or the "Company"), announced today that it has sent a letter to the Chairman of the Board of TriMas, Herbert K. Parker, recommending the Company consider a range of alternatives to improve shareholder value. Since the rel
SHELTON, CT / ACCESSWIRE / July 22, 2024 / 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 2024 after the market close on Tuesday, August 6, 2024.Management will hold a conference call and webcast on Wednesday, August 7, 2023 at 11:00 a.m. ET to discuss the Company's results and other matters. For those who cannot listen to the live broadcast, a replay of the webcast will be available.What: The Eastern Company Q2 Fiscal Year 2024 Financial Results Conference CallWhen: Wednesday, August 7, 2024Time: 11:00 a.m.
Gross margin increases to 24% in Q1 2024 compared to 21% in Q1 2023.Net income for Q1 2024 rises to $1.9 million, or $0.31 per diluted share, compared to net income of $0.6 million, or $0.10 per diluted share, for Q1 2023.Backlog as of March 30, 2024 rises 22% to $97.4 million compared to $80.1 million as of December 30, 2023.Solid operational foundation established in 2023 positions Eastern to take steps to further reduce costs, improve product competitiveness, deliver increased earnings, and enhance shareholder value.SHELTON, CT / ACCESSWIRE / May 6, 2024 / The Eastern Company ("Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportat
SHELTON, CT / ACCESSWIRE / April 25, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 17, 2024, to common shareholders of record as of May 15, 2024. This dividend represents the Company's 335th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on the Company
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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. Nick has been integral to Eastern's growth, both o
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. We have benefitted from his insights and leadership
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Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Net sales from continuing operations increase to $71.3 million in Q3 2024 compared to $62.0 million in Q3 2023Gross margin from continuing operations increases to 25.5% in Q3 2024 compared to 24.9% in Q3 2023Earnings per diluted share from continuing operations increase 36% to $0.75 in Q3 2024 compared to $0.55 in Q3 2023Eastern advances its business transformation by reporting Big 3 Mold business as discontinued operationsEastern announces transition to new CEO – Ryan Schroeder SHELTON, CT / ACCESSWIRE / November 5, 2024 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistic
SHELTON, CT / ACCESSWIRE / October 29, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 13, 2024, to common shareholders of record as of November 15, 2024. This dividend represents the Company's 337th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on t
SHELTON, CT / ACCESSWIRE / October 21, 2024 / 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 2024 after the 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 to discuss the Company's results and other matters. For those who cannot listen to the live broadcast, a replay of the webcast will be available.What: The Eastern Company Q3 Fiscal Year 2024 Financial Results Conference CallWhen: Wednesday, November 6, 2024Time: 11
Net income for Q2 2024 rises to $3.5 million, or $0.56 per diluted share, compared to net income of $1.4 million, or $0.22 per diluted share, for Q2 2023.Gross margin increases to 25% in Q2 2024 compared to 22% in Q1 2023.Backlog as of June 29, 2024 rises 43% to $107.3 million from $75.3 million as of July 1, 2023.SHELTON, CT / ACCESSWIRE / August 6, 2024 / The Eastern Company ("Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced the results of operations for the second fiscal quarter ended June 29, 2024.President and CEO Mark Hernandez stated, "Our second quarter results
SHELTON, CT / ACCESSWIRE / July 31, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 13, 2024, to common shareholders of record as of August 15, 2024. This dividend represents the Company's 336th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on the C
TriMas' Shares have Underperformed its Peers and the Market Over a Long-Term Period Believes TriMas' Multi-Segment Structure has Done Little to Benefit Stockholders Recommends TriMas Sell its Aerospace Segment or the Entire Company NEW YORK, July 29, 2024 /PRNewswire/ -- Barington Capital Group, L.P. and its affiliates, including The Eastern Company (NASDAQGM:EML) ("Barington" or "we"), which collectively own approximately 1.5% of TriMas Corporation (NASDAQ:TRS) ("TriMas" or the "Company"), announced today that it has sent a letter to the Chairman of the Board of TriMas, Herbert K. Parker, recommending the Company consider a range of alternatives to improve shareholder value. Since the rel
SHELTON, CT / ACCESSWIRE / July 22, 2024 / 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 2024 after the market close on Tuesday, August 6, 2024.Management will hold a conference call and webcast on Wednesday, August 7, 2023 at 11:00 a.m. ET to discuss the Company's results and other matters. For those who cannot listen to the live broadcast, a replay of the webcast will be available.What: The Eastern Company Q2 Fiscal Year 2024 Financial Results Conference CallWhen: Wednesday, August 7, 2024Time: 11:00 a.m.
SHELTON, CT / ACCESSWIRE / July 1, 2024 / The Eastern Company ("Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, announced today that the company has been added as a member of the broad-market Russell 3000® Index and the Russell 2000® Index, effective today after the US equity markets open, as part of the 2024 Russell indexes reconstitution."We are pleased to be included in the Russell 3000® index and to be added to the Russell 2000® Index, a widely used performance benchmark for emerging U.S. companies," said Eastern's President and CEO Mark Hernandez. "As we continue to focus on ope
Gross margin increases to 24% in Q1 2024 compared to 21% in Q1 2023.Net income for Q1 2024 rises to $1.9 million, or $0.31 per diluted share, compared to net income of $0.6 million, or $0.10 per diluted share, for Q1 2023.Backlog as of March 30, 2024 rises 22% to $97.4 million compared to $80.1 million as of December 30, 2023.Solid operational foundation established in 2023 positions Eastern to take steps to further reduce costs, improve product competitiveness, deliver increased earnings, and enhance shareholder value.SHELTON, CT / ACCESSWIRE / May 6, 2024 / The Eastern Company ("Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportat