Eastern Company (OQ:EML)

Business Focus: Industrial Machinery & Equipment

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
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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

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