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Eastern Company (EML)
NASDAQ:EML
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.54Last Year’s EPS
0.56Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 3.29%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strategic advancements and operational improvements, particularly in leadership transitions and share buybacks. However, these positive developments were offset by declines in sales, backlog, and gross margin, as well as challenges in key markets, leading to a balanced outlook.Company Guidance
During The Eastern Company’s First Quarter Fiscal Year 2025 Earnings Call, several key metrics and strategic updates were discussed. The company reported revenues of $63.3 million, a slight decrease from Q1 2024, and an EBITDA of $4.8 million. Earnings per share were $0.31, aligning closely with expectations. Net sales decreased by 2% to $63.2 million, while the backlog declined by 9% to $85.9 million. The gross margin was 22.4%, down from 23.9% in the previous year, primarily due to higher raw material costs. Selling, general, and administrative expenses decreased by 8%, reflecting lower payroll-related expenses, despite a $0.3 million increase in sales commissions. The senior net leverage ratio rose to 1.45 from 1.23 at the end of 2024. The company completed a share buyback of 200,000 shares and announced a new program to repurchase up to 400,000 shares. Moreover, the leadership team transition plans were finalized, and Chan Galbato joined the Board of Directors. The company emphasized strategic growth, operational focus, and supply chain nimbleness as key goals for 2025.Strategic Leadership and Board Expansion
Completion of leadership team transition plans and the appointment of Chan Galbato to the Board of Directors, enhancing strategic growth plans.
Share Buyback Program
Completion of a share buyback program with 200,000 shares repurchased, and approval for an additional buyback of 400,000 shares.
Operational Improvements at Big 3 Precision
Completed significant structural changes, including the sale of the ISBM Blow Mold business and closure of the Dearborn facility to improve competitiveness.
Growth in Aftermarket Business
Velvac's aftermarket business grew despite challenging market conditions and tariffs, showcasing resilience and strategic advantage.
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
EML Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $22.83 | $23.34 | +2.23% |
Mar 11, 2025 | $27.37 | $26.92 | -1.64% |
Nov 06, 2024 | $31.13 | $30.23 | -2.89% |
Aug 06, 2024 | $27.16 | $26.69 | -1.73% |
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.
FAQ
When does Eastern Company (EML) report earnings?
Eastern Company (EML) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Eastern Company (EML) earnings time?
Eastern Company (EML) earnings time is at Aug 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?
EML EPS forecast for the fiscal quarter 2025 (Q2) is 0.54.