EASTERN CO EML

Industrials SIC 3420 - Cutlery, Handtools & General Hardware NAICS Manufacturing › Fabricated Metal Product Manufacturing › Cutlery and Handtool Manufacturing derived Nasdaq

The Eastern Company was incorporated under the laws of the State of Connecticut in October 1912, succeeding a co-partnership established in October 1858. The businesses of the Company design, manufacture and sell unique engineered solutions for industrial markets.

Today, the Company maintains fourteen physical locations across North America and Asia.

In the third quarter of 2024, the Company decided to sell Big 3 Mold and determined that the Big 3 Mold business met the criteria to be held for sale and that the assets held for sale qualified for discontinued operations. As such, the financial results of the Big 3 Mold business are reflected in our consolidated statements of income as discontinued operations for all periods presented. Additionally, current and non-current assets and liabilities of discontinued operations are reflected in the consolidated balance sheets for all periods presented. On April 30, 2025, the Company sold the equipment, workforce and customer list of the ISBM division of Big 3 Mold. ISBM, which is located in Centralia, Illinois, is an injection stretch blow mold toolmaker. As of January 3, 2026, the other divisions of Big 3 Mold have been reclassified to continuing operations.

Last close 24.18 2026-10-23
Market cap $145.5M 2026-07-04 share count
52-week range 17.61 - 29.91

Valuation FY2025 figures against the last close

P/S0.6x
P/E20.7x
P/FCF29.7x
EV/EBITDA11.9x
Dividend yield1.8%
Diluted EPS1.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $249.0M$272.8M$258.9M$279.3M$246.5M$197.6M$251.7M$234.3M$204.2M$137.6M
Cost of revenue $192.0M$205.5M$197.1M$220.6M$189.8M$149.5M$189.9M$175.6M$154.4M$101.3M
Gross profit $57.0M$67.3M$61.8M$58.6M$56.8M$48.1M$61.9M$58.7M$49.9M$36.3M
R&D $4.1M$4.9M$5.6M$4.2M$4.1M$2.7M$6.0M$7.0M$5.6M$1.5M
SG&A $42.2M$42.2M$39.1M$39.5M$35.2M$30.2M$35.7M$33.9M$32.2M$22.6M
Operating income $10.7M$20.1M$17.0M$14.2M$17.4M$13.5M$17.5M$17.9M$12.1M$11.1M
Interest expense $2.7M$2.7M$2.8M$2.3M$1.7M$2.1M$1.9M$1.2M$976.5K$121.5K
Pre-tax income $7.5M$17.1M$15.1M$14.4M$19.1M$13.2M$16.2M$17.6M$11.5M$11.2M
Income tax $1.5M$3.9M$3.3M$3.4M$2.1M$1.6M$2.9M$3.1M$6.4M$3.4M
Net income $7.1M-$8.5M$8.6M$12.3M$9.3M$5.4M$13.3M$14.5M$5.0M$7.8M
EPS, basic 1.17-1.371.381.981.491.772.132.320.811.25
EPS, diluted 1.17-1.371.371.971.491.762.122.310.801.25
Shares, diluted (wtd. avg.) 6.1M6.2M6.3M6.2M6.3M6.3M6.3M6.3M6.3M6.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $7.4M$14.0M$8.3M$10.2M$6.6M$16.1M$18.0M$13.9M$22.3M$22.7M
Short-term investments $0$2.1M$986.5K$0—$29.0K$34.3K$0——
Receivables $30.1M$35.5M$34.2M$42.9M$43.2M$31.8M$37.9M$30.3M$27.1M$18.1M
Inventory $56.3M$55.2M$58.4M$64.6M$62.9M$43.1M$54.6M$52.8M$47.3M$34.0M
Total current assets $99.3M$115.6M$112.2M$125.3M$123.7M$111.7M$115.9M$101.2M$100.1M$77.7M
Property, plant and equipment $26.9M$27.5M$23.5M$26.1M$28.3M$29.0M$41.0M$29.9M$29.2M$26.2M
Goodwill $58.6M$58.5M$58.6M$70.8M$72.2M$2.3M$79.5M$34.8M$32.2M$14.8M
Other intangibles $5.3M$8.8M$15.3M$18.8M$22.9M$27.1M$26.5M$10.3M$9.3M$1.8M
Total assets $216.7M$235.3M$252.0M$261.5M$266.3M$275.5M$280.7M$181.2M$176.5M$124.2M
Accounts payable $16.4M$19.7M$24.6M$27.6M$29.6M$21.3M$20.0M$18.5M$14.7M$7.0M
Short-term debt $0$3.6M$2.9M$9.0M$7.5M$6.4M$5.2M$2.3M$6.5M$892.9K
Total current liabilities $27.6M$44.8M$42.7M$47.0M$49.6M$40.7M$34.9M$30.1M$31.3M$12.9M
Long-term debt $33.9M$38.6M$41.1M$55.1M$63.8M$82.3M$93.6M$26.4M$28.7M$892.9K
Total liabilities $92.0M$114.6M$119.6M$134.9M$151.7M$171.2M$175.2M———
Retained earnings $138.0M$133.5M$144.8M$139.0M$129.4M-$122.8M$120.2M$109.7M$97.9M$95.6M
Total equity $124.6M$120.7M$132.5M$126.6M$114.6M$104.3M$105.4M$96.9M$86.9M$82.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $8.9M$19.4M$25.5M$7.5M-$7.8M$14.6M$23.0M$12.9M$11.2M$12.4M
Depreciation and amortisation $3.8M$3.8M$3.5M$7.2M$7.2M$6.8M$4.7M$5.3M$4.7M$3.8M
Stock-based compensation $894.1K$1.5M$364.7K$966.2K$1.1M$849.2K$656.9K$493.8K$354.5K$149.6K
Capital expenditure $4.0M$9.7M$5.5M$3.4M$3.7M$2.3M$5.4M$3.6M$2.8M$2.9M
Investing cash flow -$508.9K-$7.9M-$4.6M$5.1M$13.6M-$8.3M-$85.8M-$10.4M-$42.8M-$2.9M
Financing cash flow -$16.3M-$4.8M-$22.9M-$11.9M-$20.3M-$13.2M$67.0M-$10.4M$30.7M-$4.2M
Dividends paid $2.7M$2.7M$2.8M$2.7M$2.8M$2.8M$2.7M$2.8M$2.8M$2.8M
Buybacks $3.7M$3.1M$735.8K$1.6M$369.7K$368.9K$0$1.1M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-002506.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 137.6M Gross profit, FY2016: 36.3M Net income, FY2016: 7.8M Revenue, FY2017: 204.2M Gross profit, FY2017: 49.9M Net income, FY2017: 5M Revenue, FY2018: 234.3M Gross profit, FY2018: 58.7M Net income, FY2018: 14.5M Revenue, FY2019: 251.7M Gross profit, FY2019: 61.9M Net income, FY2019: 13.3M Revenue, FY2020: 197.6M Gross profit, FY2020: 48.1M Net income, FY2020: 5.4M Revenue, FY2021: 246.5M Gross profit, FY2021: 56.8M Net income, FY2021: 9.3M Revenue, FY2022: 279.3M Gross profit, FY2022: 58.6M Net income, FY2022: 12.3M Revenue, FY2023: 258.9M Gross profit, FY2023: 61.8M Net income, FY2023: 8.6M Revenue, FY2024: 272.8M Gross profit, FY2024: 67.3M Net income, FY2024: -8.5M Revenue, FY2025: 249M Gross profit, FY2025: 57M Net income, FY2025: 7.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $137.6M $204.2M $234.3M $251.7M $197.6M $246.5M $279.3M $258.9M $272.8M $249.0M
Gross profit $36.3M $49.9M $58.7M $61.9M $48.1M $56.8M $58.6M $61.8M $67.3M $57.0M
Net income $7.8M $5.0M $14.5M $13.3M $5.4M $9.3M $12.3M $8.6M -$8.5M $7.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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