Earnings summaries and quarterly performance for EASTERN.
Executive leadership at EASTERN.
Board of directors at EASTERN.
Research analysts who have asked questions during EASTERN earnings calls.
Recent press releases and 8-K filings for EML.
EML Reports Q3 2025 Financial Results Amidst Market Downturn
EML
Earnings
Demand Weakening
Share Buyback
- The Eastern Company reported Q3 2025 revenue from continuing operations of $55.3 million, a 22% decrease from the prior year, with diluted earnings per share of $0.10. Net income from continuing operations was $0.6 million, down from $4.7 million in the prior year period.
- The disappointing performance was primarily attributed to a pullback in the Class 8 truck and automotive end markets, with OE truck production down 36% and 13 fewer automotive platform launches impacting returnable packaging sales. Gross margin decreased to 22.3% from 25.5% in the prior year due to increased raw material costs and reduced volumes.
- The company implemented cost-saving measures, including a $1.8 million reduction in SG&A, and repurchased approximately 118,000 shares (nearly 2% of outstanding stock) by the end of the third quarter. Debt was reduced by $7 million, and a new $100 million revolving credit facility was secured.
- While some marginal improvements are noted in the truck market for Q4 2025, a soft first half of 2026 is anticipated, with incremental improvements expected towards the end of 2026. The USPS vehicle program has ramped up nicely and is in full production, expected to run full through next year.
Nov 5, 2025, 2:00 PM
The Eastern Company Reports Third Quarter 2025 Results
EML
Earnings
Demand Weakening
Share Buyback
- Sales for the third quarter of 2025 decreased by 22% to $55.3 million compared to the third quarter of 2024, primarily due to a downturn in the heavy-duty truck and automotive market.
- Net income for the third quarter of 2025 was $0.6 million, or $0.10 per diluted share, representing an 87% decrease from the comparable period in 2024.
- Gross margin for the third quarter of 2025 was 22.3%, down from 25.5% in the third quarter of 2024, primarily due to increased raw material costs and reduced volumes.
- Following the close of the quarter, the company secured a new $100 million revolving credit facility to enhance financial flexibility.
- Year-to-date, the company reduced debt by $7.0 million and repurchased 118,000 shares of common stock for approximately $3.0 million.
Nov 4, 2025, 10:06 PM
The Eastern Company Secures New $100 Million Revolving Credit Facility
EML
Debt Issuance
New Projects/Investments
- The Eastern Company (EML) entered into a new $100 million five-year senior secured revolving credit facility with Citizens Bank, N.A., effective October 28, 2025.
- The company utilized approximately $36 million from the new facility to repay all outstanding obligations and terminate its prior credit facility.
- The new facility includes an option to increase the revolving commitment by up to an additional $75 million.
- Key financial covenants for the new agreement require maintaining a Senior Net Leverage Ratio not exceeding 3.50 to 1.00 and an Interest Coverage Ratio of not less than 3.00 to 1.00.
Nov 3, 2025, 10:07 PM
Quarterly earnings call transcripts for EASTERN.
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