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NASDAQ:EML
Eastern Company (The) Stock Earnings Reports
$26.62
-0.220 (-0.82%)
At Close: Mar 14, 2025
Eastern Company (The) Earnings Calls
Q4 2024
| Release date | Mar 11, 2025 |
| EPS estimate | - |
| EPS actual | $0.420 |
| Revenue estimate | - |
| Revenue actual | 272.752T |
Q3 2024
| Release date | Nov 05, 2024 |
| EPS estimate | - |
| EPS actual | $0.750 |
| Revenue estimate | - |
| Revenue actual | 71.275M |
Q2 2024
| Release date | Aug 06, 2024 |
| EPS estimate | - |
| EPS actual | $0.560 |
| Revenue estimate | - |
| Revenue actual | 73.152M |
Q1 2024
| Release date | May 06, 2024 |
| EPS estimate | - |
| EPS actual | $0.310 |
| Revenue estimate | - |
| Revenue actual | 67.929M |
Last 4 Quarters for Eastern Company (The)
Below you can see how EML performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
| Release date | May 06, 2024 |
| Fiscal end date | Mar 30, 2024 |
| Price on release | $31.53 |
| EPS estimate | - |
| EPS actual | $0.310 |
| Date | Price |
|---|---|
| Apr 30, 2024 | $31.79 |
| May 01, 2024 | $31.98 |
| May 02, 2024 | $30.96 |
| May 03, 2024 | $31.09 |
| May 06, 2024 | $31.53 |
| May 07, 2024 | $28.06 |
| May 08, 2024 | $29.17 |
| May 09, 2024 | $29.15 |
| May 10, 2024 | $28.93 |
| 4 days before | -0.82% |
| 4 days after | -8.25% |
| On release day | -11.01% |
| Change in period | -9.00% |
Q2 2024
| Release date | Aug 06, 2024 |
| Fiscal end date | Jun 29, 2024 |
| Price on release | $27.60 |
| EPS estimate | - |
| EPS actual | $0.560 |
| Date | Price |
|---|---|
| Jul 31, 2024 | $29.44 |
| Aug 01, 2024 | $28.77 |
| Aug 02, 2024 | $27.67 |
| Aug 05, 2024 | $26.63 |
| Aug 06, 2024 | $27.60 |
| Aug 07, 2024 | $27.13 |
| Aug 08, 2024 | $27.50 |
| Aug 09, 2024 | $27.43 |
| Aug 12, 2024 | $28.85 |
| 4 days before | -6.25% |
| 4 days after | 4.53% |
| On release day | -1.70% |
| Change in period | -2.00% |
Q3 2024
| Release date | Nov 05, 2024 |
| Fiscal end date | Sep 28, 2024 |
| Price on release | $31.52 |
| EPS estimate | - |
| EPS actual | $0.750 |
| Date | Price |
|---|---|
| Oct 30, 2024 | $31.37 |
| Oct 31, 2024 | $31.14 |
| Nov 01, 2024 | $30.82 |
| Nov 04, 2024 | $30.49 |
| Nov 05, 2024 | $31.52 |
| Nov 06, 2024 | $30.61 |
| Nov 07, 2024 | $28.94 |
| Nov 08, 2024 | $29.31 |
| Nov 11, 2024 | $27.25 |
| 4 days before | 0.478% |
| 4 days after | -13.55% |
| On release day | -2.89% |
| Change in period | -13.13% |
Q4 2024
| Release date | Mar 11, 2025 |
| Fiscal end date | Dec 28, 2024 |
| Price on release | $27.50 |
| EPS estimate | - |
| EPS actual | $0.420 |
| Date | Price |
|---|---|
| Mar 05, 2025 | $27.99 |
| Mar 06, 2025 | $27.14 |
| Mar 07, 2025 | $28.15 |
| Mar 10, 2025 | $27.68 |
| Mar 11, 2025 | $27.50 |
| Mar 12, 2025 | $27.05 |
| Mar 13, 2025 | $26.84 |
| Mar 14, 2025 | $26.62 |
| 4 days before | -1.75% |
| 4 days after | -3.20% |
| On release day | -1.64% |
| Change in period | -4.89% |
Eastern Company (The) Earnings Call Transcript Summary of Q4 2024
Business Overview
Eastern Company reported its fourth quarter and full-year results for 2024. CEO Ryan Schroeder emphasized his commitment to enhancing the company's growth and operational efficiency since taking over in November 2024.
Financial Highlights
- Fourth Quarter Results:
- Net sales increased by 4.5% to $66.7 million.
- Gross margin decreased to 23% from 26.8% due to higher material costs.
- Net income was $1.6 million or $0.26 per diluted share, down from $3.9 million or $0.63 per diluted share in Q4 2023.
- Full Year Results:
- Net sales rose 5% to $272.8 million.
- Gross margin improved slightly to 24.7% from 23.9% in 2023.
- Net income increased 12% to $13.2 million or $2.13 per diluted share.
- Adjusted net income from continuing operations improved to $14.2 million or $2.29 per diluted share.
Key Metrics
- Backlog increased 15.7% to $89.2 million as of December 28, 2024.
- Capital expenditures amounted to $9.7 million.
- The company repurchased 150,000 shares under its buyback program.
Operational Changes
- Leadership changes were made at two of the three business divisions to drive growth.
- Zach Gorny appointed as President of Eberhard Manufacturing, focusing on commercial and product development.
- Emilio Ruffalo promoted to President of Big 3 Precision Products.
Future Outlook
- The company will adopt a decentralized approach to support business units in driving their own strategies.
- There's an ongoing focus on expanding product development to enhance market share, especially in the Class 8 market.
Market Environment
- Demand expectations for trucks, particularly Class 8 vehicles, remain cautiously optimistic with signs of potential improvement.
- Eastern is looking to capitalize on opportunities arising from the aftermarket and product expansions, particularly within Velvac and Eberhard.
Cost Management
- The company is sensitive to customer needs while managing to pass through cost increases effectively.
Conclusion
Eastern Company is undergoing leadership-driven transformations aimed at accelerating growth and improving operational efficiencies. Financial results reflect a mix of strengths and areas for improvement, with strategic initiatives targeting expansion in both product offerings and new markets expected to drive future performance. Investors should monitor the company's progress in executing its strategic plans and adapting to industry demand dynamics.
Eastern Company (The) Earnings History
Earnings Calendar
FAQ
When is the earnings report for EML?
Eastern Company (The) (EML) has scheduled its earnings report for May 05, 2025 after the markets close.
What is the EML price-to-earnings (P/E) ratio?
EML P/E ratio as of Mar 14, 2025 (TTM) is -0.00001079552683.
What is the EML EPS forecast?
The forecasted EPS (Earnings Per Share) for Eastern Company (The) (EML) for the first fiscal quarter 2025 is $.
What are Eastern Company (The)'s retained earnings?
On its balance sheet, Eastern Company (The) reported retained earnings of $272.75 trillion for the latest quarter ending Dec 28, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
