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Eastern Company (EML)
NASDAQ:EML
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.31Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: -5.27%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable sales growth and leadership changes aimed at strengthening operations. However, increased costs and reduced margins posed significant challenges. Despite a decline in quarterly net income, the overall net income for the year improved, supported by backlog growth.Company Guidance
During the Eastern Company Fourth Quarter Fiscal Year 2024 earnings call, guidance was provided regarding the company's financial performance and strategic directions. Net sales for the fourth quarter increased by 4.5% to $66.7 million, and for the full year, sales rose by 5% to $272.8 million. The backlog as of December 28, 2024, increased by 15.7% to $89.2 million. Gross margin for the fourth quarter was 23%, down from 26.8% the previous year, primarily due to higher material costs. For the full year, gross margin improved slightly to 24.7%. Product development costs and selling/administrative expenses were also discussed, with selling expenses rising by 11% in Q4. Net income for the quarter was $1.6 million, a decrease from the previous year, but full-year net income rose by 12% to $13.2 million. The company repurchased 39,000 shares under its share repurchase program. CEO Ryan Schroeder emphasized a focus on leadership, operational improvements, and strategic growth, while CFO Nicholas Vlahos provided detailed financial metrics. The company aims to drive revenue growth and enhance shareholder value through strategic initiatives and a decentralized operational approach.Increase in Net Sales
Fourth quarter net sales increased by 4.5% to $66.7 million, driven primarily by higher truck demand for returnable transport packaging products.
Annual Net Sales Growth
For the full year 2024, net sales rose by 5% to $272.8 million from $258.9 million in 2023.
Backlog Increase
As of December 28, 2024, the backlog rose 15.7% to $89.2 million compared to the previous year, driven by new mirror programs for Class 8 trucks.
Leadership Changes
New leadership appointments at Eberhard Manufacturing and Big 3 Precision Products aim to drive operational improvements and revenue growth.
Improved Net Income
For the full year 2024, net income increased by 12% to $13.2 million compared to 2023.
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EML Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EML Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $27.50 | $27.05 | -1.64% |
| Nov 06, 2024 | $31.28 | $30.37 | -2.91% |
| Aug 06, 2024 | $27.28 | $26.82 | -1.69% |
| May 06, 2024 | $31.04 | $27.63 | -10.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eastern Company (EML) report earnings?
Eastern Company (EML) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Eastern Company (EML) earnings time?
Eastern Company (EML) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EML EPS forecast?
Currently, no data Available
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