EASTERN CO EML
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1.37 | 1.38 | 1.98 | 1.49 | 1.77 | 2.13 | 2.32 | 0.81 | 1.25 |
| EPS, diluted | 1.17 | -1.37 | 1.37 | 1.97 | 1.49 | 1.76 | 2.12 | 2.31 | 0.80 | 1.25 |
| Shares, diluted (wtd. avg.) | $6.1M | $6.2M | $6.3M | $6.2M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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