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The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and North America. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; injection blow mold tooling products; design, develops, and manufactures 2-step stretch blow molds, and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries. It also provides rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles; and development and program management services for custom electromechanical and mechanical systems for original equipment manufacturers (OEM) and customer applications. In addition, the company designs and manufactures proprietary vision technology for OEMs and aftermarket applications, as well as offers aftermarket components to the heavy- and medium-duty truck, motorhome, and bus markets. The Eastern Company was founded in 1858 and is based in Shelton, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $249M | $17M | $7M | $5M | 5.7% | -8.7% | -183.6% |
| 2024 | $273M | $26M | $-9M | $11M | -7.1% | 5.4% | -199.4% |
| 2023 | $259M | $23M | $9M | $21M | 6.5% | -7.3% | -30.2% |
| 2022 | $279M | $24M | $12M | $7M | 9.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 279.27 | 258.86 | 272.75 | 248.97 |
| Operating Revenue | - | 279.27 | 258.86 | 272.75 | 248.97 |
| Cost Of Revenue | - | 220.65 | 197.09 | 205.48 | 192.01 |
| Gross Profit | - | 58.62 | 61.77 | 67.27 | 56.96 |
| Operating Expense | - | 43.75 | 44.74 | 47.12 | 46.29 |
| Research And Development | - | 4.24 | 5.59 | 4.89 | 4.06 |
| Selling General And Administration | - | 39.51 | 39.15 | 42.23 | 42.22 |
| Total Expenses | - | 264.40 | 241.82 | 252.60 | 238.30 |
| Operating Income | - | 14.87 | 17.03 | 20.15 | 10.67 |
| Total Operating Income As Reported | - | 14.17 | 17.03 | 20.15 | 10.67 |
| EBITDA | - | 23.91 | 23.26 | 25.68 | 16.76 |
| Normalized EBITDA | - | 24.61 | 23.26 | 25.68 | 16.76 |
| EBIT | - | 16.68 | 17.89 | 19.80 | 10.17 |
| Interest Expense | - | 2.28 | 2.81 | 2.72 | 2.68 |
| Net Interest Income | - | -2.28 | -2.81 | -2.72 | -2.68 |
| Other Non Operating Income Expenses | - | 2.51 | 0.86 | -0.35 | -0.50 |
| Other Income Expense | - | 1.81 | 0.86 | -0.35 | -0.50 |
| Interest Expense Non Operating | - | 2.28 | 2.81 | 2.72 | 2.68 |
| Net Non Operating Interest Income Expense | - | -2.28 | -2.81 | -2.72 | -2.68 |
| Pretax Income | - | 14.40 | 15.08 | 17.07 | 7.49 |
| Tax Provision | - | 3.35 | 3.30 | 3.86 | 1.52 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.16 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 11.05 | 11.78 | 13.22 | 5.97 |
| Net Income From Continuing And Discontinued Operation | - | 12.30 | 8.59 | -8.53 | 7.13 |
| Net Income From Continuing Operation Net Minority Interest | - | 11.05 | 11.78 | 13.22 | 5.97 |
| Net Income | - | 12.30 | 8.59 | -8.53 | 7.13 |
| Net Income Common Stockholders | - | 12.30 | 8.59 | -8.53 | 7.13 |
| Net Income Including Noncontrolling Interests | - | 12.30 | 8.59 | -8.53 | 7.13 |
| Normalized Income | - | 11.59 | 11.78 | 13.22 | 5.97 |
| Diluted NI Availto Com Stockholders | - | 12.30 | 8.59 | -8.53 | 7.13 |
| Basic Average Shares | - | 6.21 | 6.23 | 6.23 | 6.09 |
| Diluted Average Shares | - | 6.24 | 6.27 | 6.23 | 6.10 |
| Reconciled Depreciation | - | 7.24 | 5.37 | 5.89 | 6.59 |
| Reconciled Cost Of Revenue | - | 220.65 | 197.09 | 205.48 | 192.01 |
| Total Unusual Items | 0 | -0.70 | 0 | - | - |
| Total Unusual Items Excluding Goodwill | 0 | -0.70 | 0 | - | - |
| Net Income Discontinuous Operations | - | 1.25 | -3.20 | -21.74 | 1.17 |
| Special Income Charges | 0 | -0.70 | 0 | - | - |
| Impairment Of Capital Assets | 0 | - | - | - | - |
| Restructuring And Mergern Acquisition | 0 | 0.70 | 0 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Eastern Companythis co. | EML | $130M | 18.27 | 1.05 | 5.7% | 10.55 |
| NET Power Inc. | NPWR | $164M | - | 0.21 | -283.8% | - |
| Resources Connection, Inc. | RGP | $153M | -0.80 | 0.74 | -92.6% | 8.82 |
| SKYX Platforms Corp. | SKYX | $151M | -4.53 | -11.45 | 252.9% | -7.28 |
| Byrna Technologies Inc. | BYRN | $144M | 14.82 |
| - |
| - |
| - |
| - |
| - |
| 2.18 |
| 14.7% |
| 9.48 |
| DMC Global Inc. | BOOM | $138M | - | 0.57 | -7.4% | 4.79 |
| Forrester Research, Inc. | FORR | $137M | -1.15 | 1.09 | -94.3% | -1.53 |
| Arq, Inc. | ARQ | $114M | -2.17 | 0.68 | -31.3% | -3.78 |
| Atlantic International Corp. | ATLN | $99M | -1.67 | -3.09 | 185.2% | -4.28 |
| Peer Median | - | -1.41 | 0.63 | -19.4% | -1.53 | |