Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 112 Bridge St PO Box 460 NAUGATUCK CT 06770-0460 |
Tel: | N/A |
Website: | https://www.easterncompany.com |
IR: | See website |
Key People | ||
Mark A. Hernandez President, Chief Executive Officer, Director | Nicholas Vlahos Chief Financial Officer, Vice President |
Business Overview |
The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America. |
Financial Overview |
For the fiscal year ended 30 December 2023, Eastern Company revenues decreased 2% to $273.5M. Net income before extraordinary items decreased 22% to $8.6M. Revenues reflect United States segment decrease of 2% to $265.4M, Foreign segment decrease of 9% to $8.1M. Net income also reflects Selling and administrative expenses increase of 12% to $44.2M (expense), Other (expense) income decrease from $2.5M (income) to $685K (expense). |
Employees: | 1,199 as of Dec 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $243.35M as of Dec 30, 2023 |
Annual revenue (TTM): | $273.45M as of Dec 30, 2023 |
EBITDA (TTM): | $22.65M as of Dec 30, 2023 |
Net annual income (TTM): | $8.59M as of Dec 30, 2023 |
Free cash flow (TTM): | $17.28M as of Dec 30, 2023 |
Net Debt Last Fiscal Year: | $35.56M as of Dec 30, 2023 |
Shares outstanding: | 6,208,125 as of Feb 27, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |