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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% | - |
| 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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 14.87 | 17.03 | 20.15 | 10.67 |
| EBITDA | 23.91 | 23.26 | 25.68 | 16.76 |
| EBIT | 16.68 | 17.89 | 19.80 | 10.17 |
| Pretax Income | 14.40 | 15.08 | 17.07 | 7.49 |
| Tax Provision | 3.35 | 3.30 | 3.86 | 1.52 |
| Net Income | 12.30 | 8.59 | -8.53 | 7.13 |
| Net Income Common Stockholders | 12.30 | 8.59 | -8.53 | 7.13 |
| Total Expenses | 264.40 | 241.82 | 252.60 | 238.30 |
| Interest Expense | 2.28 | 2.81 | 2.72 | 2.68 |
| Research And Development | 4.24 | 5.59 | 4.89 | 4.06 |
| Selling General And Administration | 39.51 | 39.15 | 42.23 | 42.22 |
| Normalized EBITDA | 24.61 | 23.26 | 25.68 | 16.76 |
| Normalized Income | 11.59 | 11.78 | 13.22 | 5.97 |
| Basic EPS | 1.98 | 1.38 | -1.37 | 1.17 |
| Diluted EPS | 1.97 | 1.37 | -1.37 | 1.17 |
| Tax Effect Of Unusual Items | -0.16 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.23 | 0.22 | 0.23 | 0.20 |
| Total Unusual Items | -0.70 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -0.70 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 11.05 | 11.78 | 13.22 | 5.97 |
| Reconciled Depreciation | 7.24 | 5.37 | 5.89 | 6.59 |
| Reconciled Cost Of Revenue | 220.65 | 197.09 | 205.48 | 192.01 |
| Net Interest Income | -2.28 | -2.81 | -2.72 | -2.68 |
| Net Income From Continuing And Discontinued Operation | 12.30 | 8.59 | -8.53 | 7.13 |
| Total Operating Income As Reported | 14.17 | 17.03 | 20.15 | 10.67 |
| Diluted Average Shares | 6.24 | 6.27 | 6.23 | 6.10 |
| Basic Average Shares | 6.21 | 6.23 | 6.23 | 6.09 |
| Diluted NI Availto Com Stockholders | 12.30 | 8.59 | -8.53 | 7.13 |
| Net Income Including Noncontrolling Interests | 12.30 | 8.59 | -8.53 | 7.13 |
| Net Income Discontinuous Operations | 1.25 | -3.20 | -21.74 | 1.17 |
| Net Income Continuous Operations | 11.05 | 11.78 | 13.22 | 5.97 |
| Other Income Expense | 1.81 | 0.86 | -0.35 | -0.50 |
| Other Non Operating Income Expenses | 2.51 | 0.86 | -0.35 | -0.50 |
| Special Income Charges | -0.70 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0.70 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -2.28 | -2.81 | -2.72 | -2.68 |
| Interest Expense Non Operating | 2.28 | 2.81 | 2.72 | 2.68 |
| Operating Revenue | 279.27 | 258.86 | 272.75 | 248.97 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Eastern Companythis co. | EML | $134M | 22.70↑ premium | 1.08 | 5.7% | 9.14 |
| Resources Connection, Inc. | RGP | $140M | - | 0.75 | -92.6% | 11.99 |
| Atlantic International Corp. | ATLN | $140M | - | -3.06 | 185.2% | -5.02 |
| Mammoth Energy Services, Inc. | TUSK | $138M | - | 0.54 | 1.8% | -1.24 |
| SKYX Platforms Corp. | SKYX | $135M |
| - |
| -9.02 |
| -8118.2% |
| -6.62 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M | - | 1.33 | -673.6% | 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Peer Median | - | 15.72 | 0.64 | -48.4% | 6.09 | |