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The Eastern Company  (EML)
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Price: $28.0500 $-0.47 -1.648%
Day's High: $30.51 Week Perf: 11.98 %
Day's Low: $ 28.05 30 Day Perf: 12.83 %
Volume (M): 22 52 Wk High: $ 30.51
Volume (M$): $ 611 52 Wk Avg: $19.51
Open: $28.60 52 Wk Low: $16.10



 Market Capitalization (Millions $) 176
 Shares Outstanding (Millions) 6
 Employees 911
 Revenues (TTM) (Millions $) 273
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 6

The Eastern Company
The Eastern Company was incorporated under the laws of the State of Connecticut in October, 1912, succeeding a co-partnership established in October, 1858.

The business of the Company is the manufacture and sale of industrial hardware, security products and metal products from six U.S. operations and seven wholly-owned foreign subsidiaries. The Company maintains thirteen physical locations.

The Company operates in three business segments: Industrial Hardware, Security Products and Metal Products.

Industrial Hardware

The Industrial Hardware segment consists of Eberhard Manufacturing, Eberhard Hardware Manufacturing Ltd., Canadian Commercial Vehicles Corporation, Composite Panel Technologies, Eastern Industrial Ltd. and Sesamee Mexicana, S.A. de C.V. The units design, manufacture and market a diverse product line of industrial and vehicular hardware throughout North America. The segment’s locks, latches, hinges, handles, lightweight honeycomb composite structures and related hardware can be found on tractor-trailer trucks, moving vans, off-road construction and farming equipment, school buses, military vehicles and recreational boats. They are also used on pickup trucks, sport utility vehicles and fire and rescue vehicles. In addition, the segment manufactures a wide selection of fasteners and other closure devices used to secure access doors on various types of industrial equipment such as metal cabinets, machinery housings and electronic instruments. Eastern Industrial expands the range of offerings of this segment to include plastic injection molding.

Security Products

The Security Products segment, made up of Greenwald Industries, Argo Transdata, Illinois Lock Company/CCL Security Products, World Lock Company Ltd., Dongguan Reeworld Security Products Ltd. and World Security Industries Ltd., is a leading manufacturer of security products. This segment manufactures electronic and mechanical locking devices, both keyed and keyless, for the computer, electronics, vending and gaming industries. The segment also supplies its products to the luggage, furniture, laboratory equipment and commercial laundry industries. Greenwald manufactures and markets coin acceptors and other coin security products used primarily in the commercial laundry markets, as well as hardware and accessories for the appliance industry. In addition, the segment provides a new level of security for the commercial laundry industry through the use of “smart card” technology. Argo Transdata supplies printed circuit boards and other electronic assemblies to Original Equipment Manufacturers (“OEM”) in industries such as measurement systems, semiconductor equipment manufacturing, and industrial controls, medical and military markets.

Metal Products

The Metal Products segment, based at the Company’s Frazer & Jones facility, is the largest and most efficient producer of expansion shells for use in supporting the roofs of underground mines. This segment also manufactures specialty malleable and ductile iron castings.

Typical products include mine roof support anchors, couplers for railroad braking systems, support anchoring for construction and couplers/fittings for utility (oil, water and gas) industries. Mine roof support anchors are sold to bolt manufacturers while specialty castings are sold to original equipment manufacturers or machine houses.




   Company Address: 3 Enterprise Drive Shelton 6484 CT
   Company Phone Number: 729-2255   Stock Exchange / Ticker: NASDAQ EML
   


   

Stock Performances by Major Competitors

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The Eastern Company

Miscellaneous Manufacturing Company Achieves Record Growth with 535.14% Surge in Earnings Per Share

The Eastern Company has managed to defy the odds in the face of soft demand in the financial fourth quarter of 2023, showing impressive gains in both earnings per share and net profit per share. Despite a decrease in revenue, the company's net profit per share soared by an impressive 535.14% to $0.57 per share. This highlights the company's ability to effectively manage costs and increase profitability even in challenging market conditions.
In comparison to the rest of the Miscellaneous Manufacturing sector, which posted a revenue rise of 1.79% in the fourth quarter of 2023, The Eastern Company stands out for its strong performance. The company's revenue fell by -3.022% to $66.99 million, but its net earnings of $3.517 million in the financial fourth quarter of 2023 increased by a remarkable 834.53% from break-even in the corresponding quarter a year ago.

The Eastern Company

The Eastern Company's Financial Reports for Apr 2023 Indicate Impressive Turnaround in Profits and Revenue

Dear Investors,
The Eastern Company has just released their financial results for the period closing April 01, 2023, and it is good news for all investors. The company's profitability has turned positive, showing earnings of $0.10 per share, compared to a loss of $0.19 per share a year before. The income per share has also grown by 12.02% from $0.09 per share from the preceding financial reporting period.
The company's revenue has also shown excellent growth, rising strongly by 71.868% to $72.50 million from $42.18 million in the same financial reporting period a year before. Additionally, the company's sequential revenue grew by 4.954% from $69.07 million. It is worth noting that the growth in revenue has been significant.






 

The Eastern's Segments
 
 
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  Company Estimates  
  Revenue Outlook
The Eastern does not provide revenue guidance.

Earnings Outlook
The Eastern Company does not provide earnings estimates.

 
Geographic Revenue Dispersion




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