Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$27.85, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 28x in the Machinery industry in the US. Total returns to shareholders of 67% over the past three years. Announcement • Jun 03
The Eastern Company (NasdaqGM:EML) acquired Sungear, Inc/Crown Precision Machining Inc. The Eastern Company (NasdaqGM:EML) acquired Sungear, Inc/Crown Precision Machining Inc on June 2, 2026. A cash consideration of $7.85 million will be paid by The Eastern Company. As part of consideration, $7.85 million is paid towards assets of Sungear, Inc/Crown Precision Machining Inc on a cash and debt free basis. The transaction will be financed through senior debt of $7.85 million.
For the period ending March 31, 2026, Sungear, Inc/Crown Precision Machining Inc reported total revenue of $22.8 million.
The Eastern Company (NasdaqGM:EML) completed the acquisition of Sungear, Inc/Crown Precision Machining Inc on June 2, 2026. Announcement • May 08
The Eastern Company announces Quarterly dividend, payable on June 15, 2026 The Eastern Company announced Quarterly dividend of USD 0.1100 per share payable on June 15, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Announcement • Apr 23
The Eastern Company to Report Q1, 2026 Results on May 12, 2026 The Eastern Company announced that they will report Q1, 2026 results After-Market on May 12, 2026 Announcement • Mar 24
The Eastern Company, Annual General Meeting, May 06, 2026 The Eastern Company, Annual General Meeting, May 06, 2026. Announcement • Feb 14
The Eastern Company to Report Q4, 2025 Results on Mar 03, 2026 The Eastern Company announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 03, 2026 Announcement • Oct 13
The Eastern Company to Report Q3, 2025 Results on Nov 04, 2025 The Eastern Company announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Jul 17
The Eastern Company to Report Q2, 2025 Results on Aug 05, 2025 The Eastern Company announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • Jun 30
The Eastern Company(NasdaqGM:EML) dropped from Russell 2000 Dynamic Index The Eastern Company(NasdaqGM:EML) dropped from Russell 2000 Dynamic Index Announcement • Apr 24
The Eastern Company to Report Q1, 2025 Results on May 06, 2025 The Eastern Company announced that they will report Q1, 2025 results After-Market on May 06, 2025 Announcement • Mar 13
The Eastern Company, Annual General Meeting, Apr 30, 2025 The Eastern Company, Annual General Meeting, Apr 30, 2025. Announcement • Feb 19
The Eastern Company to Report Q4, 2024 Results on Mar 11, 2025 The Eastern Company announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 11, 2025 Announcement • Oct 31
The Eastern Company Declares Quarterly Cash Dividend, Payable on December 13, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 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 337 consecutive quarterly dividend. Announcement • Oct 22
The Eastern Company to Report Q3, 2024 Results on Nov 05, 2024 The Eastern Company announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Announcement • Aug 01
The Eastern Company Declares Quarterly Cash Dividend, Payable on September 13, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable September 13, 2024, to common shareholders of record as of August 15, 2024. . Recent Insider Transactions • May 22
CEO, President & Director recently bought US$97k worth of stock On the 17th of May, Mark Hernandez bought around 3k shares on-market at roughly US$29.28 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of US$410k worth in shares. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.098 in 1Q 2023) First quarter 2024 results: EPS: US$0.31 (up from US$0.098 in 1Q 2023). Revenue: US$67.9m (down 6.3% from 1Q 2023). Net income: US$1.95m (up 221% from 1Q 2023). Profit margin: 2.9% (up from 0.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • May 01
Fourth quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 14th May 2024 Payment date: 17th June 2024 Dividend yield will be 1.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.8% EPS decline seen over the last 5 years. Announcement • Apr 27
The Eastern Company Declares Quarterly Cash Dividend, Payable on June 17, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of $0.11 per share, payable June 17, 2024, to common shareholders of record as of May 15, 2024. Announcement • Apr 23
The Eastern Company to Report Q1, 2024 Results on May 06, 2024 The Eastern Company announced that they will report Q1, 2024 results After-Market on May 06, 2024 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$28.05, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 23x in the Machinery industry in the US. Total returns to shareholders of 14% over the past three years. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$1.38 (vs US$1.78 in FY 2022) Full year 2023 results: EPS: US$1.38 (down from US$1.78 in FY 2022). Revenue: US$273.5m (down 2.1% from FY 2022). Net income: US$8.59m (down 22% from FY 2022). Profit margin: 3.1% (down from 4.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
The Eastern Company, Annual General Meeting, Apr 25, 2024 The Eastern Company, Annual General Meeting, Apr 25, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect seven directors; to cast a nonbinding advisory vote to approve the compensation of our named executive officers; to ratify the audit committee’s appointment of fiondella, milone & lasaracina llp as the independent registered public accounting firm for fiscal year 2024; and to transact such other business as may properly come before the annual meeting of shareholders or any adjournment thereof. New Risk • Mar 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Announcement • Feb 21
The Eastern Company to Report Q4, 2023 Results on Mar 12, 2024 The Eastern Company announced that they will report Q4, 2023 results After-Market on Mar 12, 2024 Declared Dividend • Feb 09
Third quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 14th February 2024 Payment date: 15th March 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years. Announcement • Feb 06
The Eastern Company Declares Quarterly Cash Dividend, Payable on March 15, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable March 15, 2024, to common shareholders of record as of February 15, 2024. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$20.97, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 22x in the Machinery industry in the US. Total loss to shareholders of 10% over the past three years. Recent Insider Transactions • Nov 12
Independent Director recently bought US$91k worth of stock On the 9th of November, Frederick DiSanto bought around 5k shares on-market at roughly US$18.19 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$514k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.49 (vs US$0.72 in 3Q 2022) Third quarter 2023 results: EPS: US$0.49 (down from US$0.72 in 3Q 2022). Revenue: US$65.6m (down 8.4% from 3Q 2022). Net income: US$3.06m (down 32% from 3Q 2022). Profit margin: 4.7% (down from 6.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.11 per share at 2.5% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (1.8%). Announcement • Nov 01
The Eastern Company Declares Quarterly Cash Dividend, Payable on December 15, 2023 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable December 15, 2023, to common shareholders of record as of November 15, 2023. Announcement • Oct 21
The Eastern Company to Report Q3, 2023 Results on Nov 07, 2023 The Eastern Company announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Recent Insider Transactions • Sep 10
CEO, President & Director recently bought US$68k worth of stock On the 7th of September, Mark Hernandez bought around 4k shares on-market at roughly US$18.37 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of US$131k worth in shares. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.22 (vs US$0.59 in 2Q 2022) Second quarter 2023 results: EPS: US$0.22 (down from US$0.59 in 2Q 2022). Revenue: US$68.3m (down 1.7% from 2Q 2022). Net income: US$1.40m (down 62% from 2Q 2022). Profit margin: 2.0% (down from 5.3% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 07
Upcoming dividend of US$0.11 per share at 2.4% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.7%). Announcement • Aug 02
The Eastern Company Declares Quarterly Cash Dividend, Payable on September 15, 2023 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable September 15, 2023, to common shareholders of record as of August 15, 2023. Announcement • Jul 24
The Eastern Company to Report Q2, 2023 Results on Aug 08, 2023 The Eastern Company announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$19.67, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 20x in the Machinery industry in the US. Total returns to shareholders of 18% over the past three years. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.10 (vs US$0.43 in 1Q 2022) First quarter 2023 results: EPS: US$0.10 (down from US$0.43 in 1Q 2022). Revenue: US$72.5m (up 5.0% from 1Q 2022). Net income: US$607.3k (down 77% from 1Q 2022). Profit margin: 0.8% (down from 3.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • May 05
Upcoming dividend of US$0.11 per share at 2.6% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (1.8%). Recent Insider Transactions • Mar 23
Independent Director recently bought US$123k worth of stock On the 16th of March, Frederick DiSanto bought around 8k shares on-market at roughly US$16.39 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$317k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$17.49, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 21x in the Machinery industry in the US. Negligible returns to shareholders over past three years. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: US$1.78 (vs US$2.58 in FY 2021) Full year 2022 results: EPS: US$1.78 (down from US$2.58 in FY 2021). Revenue: US$279.3m (up 13% from FY 2021). Net income: US$11.1m (down 32% from FY 2021). Profit margin: 4.0% (down from 6.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 08
The Eastern Company Declares 330th Regular Quarterly Cash Dividend, Payable on March 15, 2023 The Eastern Company announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable March 15, 2023, to common shareholders of record as of February 15, 2023. This dividend represents the Company's 330th consecutive quarterly dividend. Announcement • Jan 27
The Eastern Company Announces Executive Changes, Effective February 3, 2023 The Eastern Company 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. Mr. Vlahos, 41, joined Eastern in 2017 as Treasurer, and since 2022 has served as Vice President of Finance, Treasurer and Secretary of the Company. Mr. Vlahos earlier served as Director of Finance, Accounting and Human Resources at Fischer Technology Inc. He earned an MBA and a BA from Central Connecticut State University. Mr. Vlahos' appointment is effective as of the close of business February 3, 2023. Announcement • Jan 11
The Eastern Company Names Mark Hernandez as Next Chief Executive Officer, Effective January 23, 2023 The Eastern Company announced that its Board of Directors has named Mark Hernandez, currently a member of the Board of Directors, the Company's next Chief Executive Officer, effective January 23, 2023. Mr. Hernandez will succeed August (Gus) Vlak, who has served as CEO since 2016. Mr. Hernandez has led Navistar's global manufacturing, supply chain, and logistics since 2018, most recently as Executive Vice President. Prior to Navistar, Mr. Hernandez was an Experienced Practice Expert (Manufacturing and Commercial Vehicles) at McKinsey & Company, focusing on business transformation. From 1994 to 2016, Mr. Hernandez held several roles at Daimler AG and Daimler Trucks North America, where he was a member of Leadership 2020 G16, reporting to the Daimler Board of Management. He graduated cum laude from the United States Naval Academy. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: US$0.72 (vs US$0.61 in 3Q 2021) Third quarter 2022 results: EPS: US$0.72 (up from US$0.61 in 3Q 2021). Revenue: US$71.6m (up 12% from 3Q 2021). Net income: US$4.50m (up 18% from 3Q 2021). Profit margin: 6.3% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 18% share price gain to US$20.92, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 19x in the Machinery industry in the US. Total loss to shareholders of 20% over the past three years. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.44 in 2Q 2021) Second quarter 2022 results: EPS: US$0.59 (up from US$0.44 in 2Q 2021). Revenue: US$69.5m (up 14% from 2Q 2021). Net income: US$3.70m (up 34% from 2Q 2021). Profit margin: 5.3% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.1%). Higher than average of industry peers (1.8%). Board Change • Jul 31
High number of new directors Director Mike Mardy was the last director to join the board, commencing their role in 2022. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Peggy Scott was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 10
First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.91 in 1Q 2021) First quarter 2022 results: EPS: US$0.43 (down from US$0.91 in 1Q 2021). Revenue: US$69.0m (up 12% from 1Q 2021). Net income: US$2.69m (down 53% from 1Q 2021). Profit margin: 3.9% (down from 9.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • May 05
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.58 (up from US$1.77 in FY 2020). Revenue: US$246.5m (up 25% from FY 2020). Net income: US$16.2m (up 47% from FY 2020). Profit margin: 6.6% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.48 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$63.9m (down 2.9% from 3Q 2020). Net income: US$3.82m (up 28% from 3Q 2020). Profit margin: 6.0% (up from 4.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$26.74, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 30x in the Machinery industry in the US. Total loss to shareholders of 4.3% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.44 (vs US$0.30 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$61.2m (up 25% from 2Q 2020). Net income: US$2.76m (up US$4.64m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.