EML

Shares of The Eastern Company EML have declined 7.6% since the company reported results for the quarter ended April 4, 2026, underperforming the S&P 500 index, which was essentially flat over the same period, with a 0.1% change. Over the past month, Eastern’s stock has fallen 7.8% compared with a 5% gain for the broader market. Eastern reported first-quarter 2026 net income of 11 cents per share, down from 32 cents per share a year earlier. Net sales of $59.7 million indicated a 5.7% decline from $63.3 million in the year-ago quarter, primarily due to lower shipments tied to softer demand for returnable transport packaging products. Net income fell to $0.6 million from $1.9 million a year earlier. Adjusted EBITDA declined about 35% year over year to $3 million from $4.6 million, while gross margin contracted to 20% from 22.4%. The Eastern Company price-consensus-eps-surprise-chart | The Eastern Company Quote Management said order activity strengthened across nearly all business segments during the quarter, helping backlog rise sequentially to $82.2 million from $81.1 million at fiscal 2025 year-end, though backlog remained below the $85.9 million recorded a year earlier. Executives attributed the sequential improvement to better order execution and a gradually improving demand environment. CEO Ryan Schroeder said the recovery identified in late 2025 “remains intact” and is beginning to broaden across the portfolio. The company cited improving momentum at Eberhard and Velvac, with Velvac benefiting from an early-stage recovery in heavy-duty truck production. Management also noted that customers are increasingly committing to orders for the second half of 2026, improving visibility relative to last year. Profitability was hurt by issues within the company’s racks business at Big 3 Precision. Management disclosed that contracts quoted during a prolonged slowdown were later found to be below targeted margin thresholds, negatively affecting first-quarter operating performance. The company said the issue pressured both gross margin and net income during the quarter. Gross profit fell to $11.9 million from $14.2 million a year ago as lower volumes, pricing pressure and labor inefficiencies weighed on results. Operating profit declined to $1.3 million from $3.2 million in the prior-year quarter. Management stated corrective actions have already been implemented, inc...

Image source: The Motley Fool. Wednesday, May 13, 2026 at 9 a.m. ET Chief Executive Officer — Ryan Schroeder Chief Financial Officer — Nicholas Vlahos Director of Investor Relations — Marianne Barr Marianne Barr: Marianne, the floor is yours. Good morning, and thank you, everyone, for joining us this morning for a review of The Eastern Company's results for the 2026. With me on the call are Ryan Schroeder, chief executive officer and Nicholas Vlahos, chief financial officer. The company issued its earnings press release yesterday after the market closed. If anyone has not yet seen the release, please visit the Investor Information section of the company's website www.easterncompany.com, where you will find the release under Financial News. Please note that some of the information you will hear during today's call will consist of forward-looking statements about the company's future financial performance and business prospects. Including, without limitation, statements regarding revenue, gross margins, operating expenses, other income and expenses, taxes, and business outlook. These forward-looking statements are subject to risks and uncertainties that could cause actual results or trends to differ significantly from those projected in these forward-looking statements. We undertake no obligation to review or update any forward-looking statements to reflect events or circumstances that occur after the call. For more information regarding these risks and uncertainties, please refer to risk factors discussed in our SEC filings including Form 10 ks filed with the SEC on 03/03/2026 for the fiscal year 2025. In addition, during today's call, we will discuss non GAAP financial measures that we believe are useful as supplemental measures of Eastern's performance. These non GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. A reconciliation of each of the non GAAP measures discussed during today's call to the most directly comparable GAAP measure can be found in the earnings press release. With that introduction, I will turn the call over to Ryan. Ryan Schroeder: Thank you, Marianne, and good morning, everyone. Welcome to The Eastern Company's First Quarter 26 Earnings Conference Call. Following my prepared remarks, Nick will walk through the financial results in detail, after which we will open the line fo...

This article first appeared on GuruFocus. Net Sales: $59.7 million, a decrease of approximately 6% from $63.3 million in Q1 2025. Gross Margin: 20% of net sales, down from 22.4% in Q1 2025. Operating Profit: $1.3 million, or 2.2% of net sales, compared to $3.2 million, or 5.1% of net sales in Q1 2025. Net Income: $0.6 million, or $0.11 per diluted share, compared to $1.9 million, or $0.31 per diluted share in Q1 2025. Adjusted EBITDA: $3 million, or 5% of net sales, compared to $4.6 million, or 7.3% of net sales in Q1 2025. Cash Flow from Operations: $3.5 million, reversing a $1.9 million usage in Q1 2025. Backlog: $82.2 million, down approximately 8% from $85.9 million a year ago. Interest Expense: $528,000, down from $617,000 in Q1 2025. Total Assets: $217 million, essentially flat compared to $216.7 million at fiscal year-end. Long-term Debt: $33 million, with a total debt-to-equity ratio of 26.6%, down from 34.3% in Q1 2025. Inventory: $53.1 million, a 5.9% reduction from year-end. Capital Expenditures: $0.9 million. Warning! GuruFocus has detected 4 Warning Signs with EML. Is EML fairly valued? Test your thesis with our free DCF calculator. Release Date: May 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Net sales improved sequentially by 4% from the fourth quarter, indicating better order execution and an improving demand environment. Sequential backlog growth reached $82.2 million for the second consecutive quarter, showing recovery from previous lows. The company delivered a $5.4 million year-over-year improvement in cash flow from operations, reversing a cash usage in the first quarter of 2025. Order rates strengthened across virtually all segments, with notable momentum at Eberhard and Belvac. The company continued to reduce debt, maintained its regular quarterly dividend, and repurchased shares, strengthening its balance sheet. Net sales decreased approximately 6% year-over-year, primarily due to decreased shipments in returnable transport packaging products. Gross margin as a percentage of net sales decreased to 20% from 22.4% in the prior year, impacted by below-plan performance at Big 3. Adjusted EBITDA for the first quarter was $3 million, down from $4.6 million in the prior year, reflecting margin compression. Operating profit decreased to $1.3 million, or 2.2% of net sales, compa...

SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Eastern Co. (EML) on Tuesday reported earnings of $640,000 in its first quarter. On a per-share basis, the Shelton, Connecticut-based company said it had net income of 11 cents. The maker of locks and other security products posted revenue of $59.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EML at https://www.zacks.com/ap/EML

Interested in Eastern Company (The)? Here are five stocks we like better. Eastern posted weaker Q1 results as sales fell about 6% year over year to $59.7 million and adjusted EBITDA dropped to $3.0 million, hurt by softer demand for returnable transport packaging and an operating issue at Big 3 Precision. Management said the Big 3 quoting problem is being fixed through tighter approval controls and cross-functional reviews, and expects the financial impact to be limited to the first half of 2026 as the contracts run off. Backlog and order trends improved sequentially, with backlog rising to $82.2 million and demand strengthening across most segments, while the company also generated positive operating cash flow and continued reducing debt. Why Oil Refiners Are the Real Winners of $100 Oil Prices Eastern (NASDAQ:EML) reported lower first-quarter fiscal 2026 sales and earnings from continuing operations, as weaker demand for returnable transport packaging and an operating issue at its Big 3 Precision business weighed on margins. Management said improving order trends and sequential backlog growth point to a more constructive demand environment for the remainder of the year. Chief Executive Officer Ryan Schroeder described the quarter as one with “positives and negatives,” noting that net sales improved sequentially from the fourth quarter even as year-over-year results declined. Net sales were $59.7 million, down about 6% from $63.3 million in the first quarter of 2025, according to Chief Financial Officer Nicholas Vlahos. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Does A&F's Q2 Earnings Win Point to a Strong Holiday Season? Schroeder said the sequential sales improvement of 4% reflected “improved order execution in an improving demand environment,” despite continued softness in returnable dunnage and a one-time destocking action by a customer of Eberhard. Eastern’s first-quarter gross margin fell to 20.0% of net sales, or $11.9 million, compared with 22.4%, or $14.2 million, in the prior-year quarter. Vlahos said the decline reflected lower volumes on existing products, which spread manufacturing costs over a smaller revenue base, and below-plan operating performance at Big 3. → MercadoLibre Boldly Invests in Growth: Discount Deepens Schroeder said the Big 3 issue stemmed from orders quoted in the fourth quarter by the company’s...

Net Sales of $59.7 Million; Net Income of $0.6 Million, or $0.11 per Diluted Share; Adjusted EBITDA of $3.0 Million Improved Order Execution Drives Sequential Revenue Growth; Strengthening Order Conversion Drives Backlog Growth Net Income Impacted by Below-Plan Operating Performance in our racks business; Financial Impact Expected to be Contained to the First Half of 2026 Balance Sheet Strengthened Through Ongoing, Disciplined Capital Allocation: $1.0 million of Debt Reduction; $422,355 of Share Repurchases; Approximately $67 Million of Revolver Availability at the end of the First Quarter SHELTON, CT / ACCESS Newswire / May 12, 2026 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced its results of operations for the first fiscal quarter of 2026 ended April 4, 2026. Ryan Schroeder, President and CEO, stated, "Net sales improved sequentially from the fourth quarter of 2025 despite ongoing softness in returnable packaging volume, as the recovery in demand we identified in Q4 remains intact. Order activity has increased across our business segments, with customers showing a greater willingness to commit to spending. Net income reflected the impact of unfavorably priced contracts within our racks business, the effects of which have been addressed and are expected to be largely behind us by the end of the second quarter. "Our operational priorities during the quarter were focused on strengthening our foundation from which to win more business and fulfill it profitably, including through lead time reduction, expanded throughput capacity, and more efficient capital deployment, all in support of a pipeline of new programs currently in tooling and scheduled to launch in the second and third quarters," continued Mr. Schroeder. "The demand environment for the remainder of 2026 appears considerably more favorable than it was in the second half of 2025. Our balance sheet continues to strengthen as we reduce leverage and build financial flexibility, enabling us to sustain investment in organic growth and, where the right opportunity presents itself, to pursue selective M&A opportunities. We remain focused on execution and are confident in our ability to deliver improving financial performance as we progress through 20...

On Wednesday, Eastern (NASDAQ:EML) discussed first-quarter financial results during its earnings call. The full transcript is provided below. Benzinga APIs provide real-time access to earnings call transcripts and financial data. Visit https://www.benzinga.com/apis/ to learn more. Access the full call at https://www.webcaster5.com/Webcast/Page/1757/53943 Eastern Company reported a sequential increase in net sales to $59.7 million, despite a year-over-year decline of approximately 6% due to lower order volume in returnable transport packaging. The company experienced a $5.4 million year-over-year improvement in cash flow from operations and reduced long-term debt, with a total debt to equity ratio improved to 26.6%. Strategic initiatives include correcting operational issues at Big Three, implementing lean principles at Eberhard, and launching a new ERP system at Velvac. The backlog grew to $82.2 million, reflecting strengthening order conversion across business segments and an encouraging demand environment. Management remains focused on deleveraging, maintaining financial stability, and pursuing disciplined M&A opportunities when they meet criteria. OPERATOR Good morning and welcome to the Eastern Company first quarter fiscal year 2026 earnings call. at this time, all participants are in listen-only mode and a question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your phone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Marianne Barr, Treasurer of the Eastern Company. Marianne, the floor is yours. Marianne Barr (Treasurer) Good morning and thank you everyone for joining us this morning for a review of the Eastern Company's results for the first quarter of 2026. With me on the call are Ryan Schroeder, Chief Executive Officer and Nicholas Fellejos, Chief Financial Officer. The Company issued its earnings press release yesterday after market close. If anyone has not yet seen the release, please visit the Investors Information section of the company's website, easterncompany.com where you will find the release under Financial News. Please note that some of the information you will hear during today's call will consist of forward looking statements about the Company's future financial performance and business...

SHELTON, CT / ACCESS Newswire / May 6, 2026 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2026, to common shareholders of record as of May 15, 2026. This dividend represents the Company's 343rd consecutive quarterly dividend. About The Eastern Company The 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 can be found at www.easterncompany.com. Safe Harbor for Forward-Looking Statements Statements contained in this release that are not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "would," "should," "could," "may," "will," "expect," "believe," "estimate," "anticipate," "intend," "continue," "plan," "potential," "opportunities," or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company's business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include: risks associated with doing business overseas, including fluctuations in exchange rates and the inability to repatriate foreign cash, the impact on cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs and the impact of political, economic, and social instability; the impact of tariffs, trade sanctions or political instability on the availability or cost of raw materials; the impact of higher raw material and component costs and cost inflation, supply chain disruptions and shortages, particularly with respect to steel, plastics, scrap iron, zinc, copper, and electronic components; delays in delivery of our products to our customers; the impact of global economic conditions and interest rates, and more specifically conditions in the automotive, construction, aerospace, energy, oil and gas, t...

SHELTON, CT / ACCESS Newswire / April 22, 2026 / 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 first quarter 2026 after the market close on Tuesday, May 12, 2026. Management will hold a conference call and webcast on Wednesday, May 13, 2026 at 9:00 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 First Quarter 2026 Financial Results Conference Call When: Wednesday, May 13, 2026 Time: 9:00 a.m. ET Dial-in Number: 888-506-0062 (toll free in US & Canada) or 973-528-0011 (international) *Please use conference entry code: 399095 Webcast: Participants can also join via the web at: https://www.webcaster5.com/Webcast/Page/1757/53943 About Eastern The Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to niche markets, focusing on 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 can be found at www.easterncompany.com. Investor Relations Contacts The Eastern Company Ryan Schroeder or Nicholas Vlahos 203-729-2255 SOURCE: The Eastern Company View the original press release on ACCESS Newswire

Shares of The Eastern Company EML have lost 0.7% since the company reported its earnings for the quarter ended Jan. 3, 2026. This compares with the S&P 500 Index’s decline of 2.1% over the same period. Over the past month, the stock moved down 3.2%, roughly in line with the broader market’s 3.1% decline. For the fourth quarter of 2025, Eastern reported adjusted net income of 31 cents per share compared with 42 cents per share recorded a year earlier. Net sales of $57.5 million denoted a 13.7% decrease from $66.7 million in the prior-year period. Net income from continuing operations fell to $1.2 million from $1.6 million in the fourth quarter of 2024. On an adjusted basis, net income was $1.9 million compared with adjusted earnings of $2.6 million a year earlier. The Eastern Company price-consensus-eps-surprise-chart | The Eastern Company Quote Gross margin in the fourth quarter was 22.8%, slightly lower than 23% recorded in the same period last year. Selling and administrative expenses fell 10.5% year over year in the fourth quarter, reflecting lower commissions, legal fees and personnel-related costs. However, these expenses represented 17.4% of net sales compared with 16.8% in the prior-year period, as lower revenue offset the cost reductions. The company’s adjusted EBITDA from continuing operations declined to $4.6 million in the fourth quarter from $5.8 million a year earlier. Eastern also reported a backlog of $81.1 million as of Jan. 3, 2026, down about 10.5% from $89.1 million as of Dec. 28, 2024. The decline was mainly attributed to lower orders for returnable transport packaging products. Management attributed the year’s weaker financial performance largely to challenging end-market conditions, particularly in the heavy-duty truck and automotive sectors. According to CEO Ryan Schroeder, these markets remained under pressure for most of 2025, although the company began seeing early signs of stabilization toward the end of the year. Despite the demand slowdown, management emphasized progress on operational initiatives aimed at strengthening long-term performance. These included restructuring actions and footprint optimization that generated approximately $4 million in annualized savings. The company also worked to offset roughly $10 million in tariff exposure through pricing actions and supply chain cost reductions. Executives noted that these measur...

Q4 2025 net sales of $57.5 million; net income of $1.2 million; EPS of $0.19 Q4 2025 adjusted net income of $1.9 million; Adjusted EPS of $0.31 FY 2025 net sales of $249.0 million; net income of $6.0 million; EPS of $0.98 FY 2025 adjusted net income of $8.4 million; Adjusted EPS of $1.37 Balance Sheet Strengthened with New $100 Million Credit Facility SHELTON, CT / ACCESS Newswire / March 3, 2026 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced its results of operations for the fourth fiscal quarter and full year ended January 3, 2026. "2025 was a year defined by market headwinds we could not control and operational actions we could," stated Ryan Schroeder, President and CEO. "Our primary end-markets - heavy-duty truck and automotive - remained under pressure throughout the year, resulting in our financial performance for both the fourth quarter and full year falling far short of expectations. What we could control, however, we did. Among other things, we restructured our cost base, generating $4 million in annualized savings, and mitigated the impact of approximately $10 million in tariffs through increased pricing and cost reductions. The result was a year that remained profitable despite significant volume declines. Fourth quarter gross margin decreased by only 20 basis points despite a decline of over 13% in sales, and we finished the year with net income of $6.0. million and adjusted EBITDA of $19.4 million, which we believe demonstrates the effectiveness of our restructuring actions and the resilience of our operating model. "The decisive actions we took over the course of 2025 - the restructuring initiatives, footprint optimization, cost-alignment measures, and improved accountability - were investments in Eastern's future earnings power. Equally important, we remained disciplined stewards of capital throughout the year by reducing outstanding debt by $8.7 million, returning $2.7 million to shareholders through dividends, and repurchasing $3.7 million of common stock," continued Mr. Schroeder. "Above all, we maintained a strong customer focus as our teams invested in product development and innovation to address evolving customer needs, expanded relationships across a broader customer base, and...