Eastern (EML)

The Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to industrial markets, focusing on industries that offer long-term macroeconomic growth opportunities. The Company operates across three reporting segments -- Industrial Hardware, Security Products and Metal Products -- from locations in the U.S., Canada, Mexico, U.K., Taiwan and China.

Company profile

Ticker

EML

Exchange

NASDAQ

Website

www.easterncompany.com

CEO

August Vlak

Incorporated

Connecticut

Location

Connecticut

Fiscal year end

Dec 31

Sector

Manufacturing > Hardware Manufacturing

Industry (SIC)

Cutlery, Handtools & General Hardware

Stanley Black & Decker • Snap-on • Hillman Solutions • Simpson Manufacturing • Lifetime Brands • L.S. Starrett • Compx International • Acme United • Servotronics • Toughbuilt Industries ...

SEC CIK

0000031107

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Eberhard Manufacturing • Illinois Lock Company • Associated Toolmakers Ltd. • Big 3 Precision Products, Inc. • Big 3 Precision Mold Services, Inc. • Dongguan Reeworld Security Products Ltd. • Eastern Engineered Systems, Inc. • Eastern Industrial Ltd • Hallink Moulds, Inc. • Velvac Holdings, Inc. ...

IRS number

60330020

EML stock data

1M 1Y 5Y

News

From Benzinga Pro

Earnings Scheduled For May 9, 2022

9 May 22

Companies Reporting Before The Bell • Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.

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5 May 22

During Thursday, 351 stocks hit new 52-week lows.

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4 May 22

During Wednesday's trading, 435 companies set new 52-week lows.

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3 May 22

5 Value Stocks To Watch In The Industrials Sector

6 Apr 22

Press releases

From Benzinga Pro

The Eastern Company Reports First Quarter 2022 Results Record Net Sales From Continuing Operations; an Increase of 12% Over Prior-Year Period

9 May 22

Net sales from continuing operations grew to a record $69.0 million in the first quarter of 2022, an increase of 12% compared to net sales from continuing operations in the first quarter of 2021. Customer orders were

The Eastern Company Declares 327th Regular Quarterly Cash Dividend

27 Apr 22

NAUGATUCK, CT / ACCESSWIRE / April 27, 2022 / 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, 2022, to common

The Eastern Company Announces Timing of Virtual Annual Meeting of Shareholders

25 Apr 22

NAUGATUCK, CT / ACCESSWIRE / April 25, 2022 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will

The Eastern Company Announces Timing of First Quarter Fiscal Year 2022 Earnings Release and Conference Call

19 Apr 22

The Eastern Company Reports Fourth Quarter and Full-Year 2021 Results Full-Year Net Sales From Continuing Operations Increase by 25% Full-Year Net Income From Continuing Operations Grow by 47%

17 Mar 22

Calendar

9 May 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart EML financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	5.07M	5.07M	5.07M	5.07M	5.07M	5.07M
Cash burn (monthly)	364.93K	1.03M	(no burn)	(no burn)	1.19M	1.12M
Cash used (since last report)	585.45K	1.66M	n/a	n/a	1.9M	1.79M
Cash remaining	4.49M	3.42M	n/a	n/a	3.17M	3.28M
Runway (months of cash)	12.3	3.3	n/a	n/a	2.7	2.9

Beta Read what these cash burn values mean

Financial data from Eastern earnings reports.

Recent insider trades

EML insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 May 22	DiSanto Frederick D.	common Stock, par value $0.01 per share	Buy	Acquire P	No	No	20.46	970	19.85K	21,725
17 May 22	DiSanto Frederick D.	common Stock, par value $0.01 per share	Buy	Acquire P	No	No	20.24	1,002	20.28K	20,755
21 Mar 22	Everets John	Common Shares	Grant	Acquire A	No	No	23.82	814	19.39K	124,562
21 Mar 22	Henry Charles W	Common Shares	Grant	Acquire A	No	No	23.82	756	18.01K	63,631
21 Mar 22	James A Mitarotonda	Common Shares	Grant	Acquire A	No	No	23.82	1,312	31.25K	20,477
21 Mar 22	Scott Peggy	Common Shares	Grant	Acquire A	No	No	23.82	813	19.37K	10,024

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

EML institutional ownership history Ownership history

61.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	39	43	-9.3%
Opened positions	0	2	EXIT
Closed positions	4	3	+33.3%
Increased positions	10	12	-16.7%
Reduced positions	15	16	-6.3%

13F shares	Current	Prev Q	Change
Total value	93.11M	99.97M	-6.9%
Total shares	3.87M	3.86M	+0.3%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Barington Capital	627.77K	$14.62M	0.0%
GBL Gamco Investors	556.19K	$12.95M	+0.3%
Dimensional Fund Advisors	412.37K	$9.6M	+0.8%
Forager Capital Management	358.87K	$8.36M	+10.9%
Minerva Advisors	334.74K	$7.8M	+2.4%
TETAA Teton Advisors	298K	$6.94M	0.0%
Vanguard	259.78K	$6.05M	-0.4%
Gabelli Funds	174K	$4.05M	0.0%
North Star Investment Management	165.82K	$3.86M	-10.5%
Renaissance Technologies	154.14K	$3.59M	-3.5%

Largest transactions	Shares	Bought/sold	Change
Forager Capital Management	358.87K	+35.22K	+10.9%
WFC Wells Fargo & Co.	94.78K	+21.71K	+29.7%
North Star Investment Management	165.82K	-19.5K	-10.5%
Sphinx Trading	0	-15K	EXIT
Wittenberg Investment Management	7.69K	-8.95K	-53.8%
Minerva Advisors	334.74K	+7.8K	+2.4%
Renaissance Technologies	154.14K	-5.6K	-3.5%
Victory Capital Management	0	-4.45K	EXIT
Dimensional Fund Advisors	412.37K	+3.21K	+0.8%
Resources Management	0	-3K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Charles & Colvard • Gulf Island Fabrication • PJSC Tatneft • PetroChina • Novo Integrated Sciences • DecisionPoint Systems • DecisionPoint Systems • Gannett

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-Q 2022 Q1

Financial reports

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