The Eastern Company (EML) 10-Year Financial Performance & Capital Metrics

EML • • Industrial / General

IndustrialsTools & AccessoriesSpecialized Industrial SolutionsEngineered Packaging & Tooling

AboutThe Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industry. It also offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, as well as development and program management services for custom electromechanical and mechanical systems; designs and manufactures proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications; and provides aftermarket components to the heavy-duty truck market. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut.Show more

Revenue $273M +5.4%
EBITDA $26M +16.2%
Net Income -$9M -199.4%
EPS (Diluted) -1.37 -200.0%
Gross Margin 24.66% +3.3%
EBITDA Margin 9.55% +10.3%
Operating Margin 7.39% +12.3%
Net Margin -3.13% -194.3%
ROE -6.74% -201.7%
ROIC 8.65% +28.3%
Debt/Equity 0.47 +0.1%
Interest Coverage 7.40 +21.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.4%
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak 3Y average ROE of 3.4%
✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.83%

5Y1.62%

3Y3.43%

TTM-7.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM215.02%

EPS CAGR

10Y-

5Y-

3Y-

TTM213.96%

ROCE

10Y Avg8.6%

5Y Avg7.61%

3Y Avg8.23%

Latest10.08%

Peer Comparison

Engineered Packaging & Tooling

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KMTKennametal Inc.	2.63B	34.56	28.80	-3.91%	4.76%	7.11%	4.54%	0.49
EMLThe Eastern Company	112.57M	18.55	-13.54	5.37%	2.85%	5.85%	9.63%	0.47
SCAGScage Future American Depositary Shares	188.79M	2.60	-87.84	-100%		-4.21%		0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	144.57M	137.61M	204.24M	234.28M	251.74M	197.61M	246.52M	279.27M	258.86M	272.75M
Revenue Growth %	0.03%	-0.05%	0.48%	0.15%	0.07%	-0.22%	0.25%	0.13%	-0.07%	0.05%
Cost of Goods Sold+	110.32M	101.26M	154.38M	175.55M	189.89M	149.53M	189.76M	220.65M	197.09M	205.48M
COGS % of Revenue	0.76%	0.74%	0.76%	0.75%	0.75%	0.76%	0.77%	0.79%	0.76%	0.75%
Gross Profit+	34.25M	36.35M	49.86M	58.73M	61.85M	48.09M	56.77M	58.62M	61.77M	67.27M
Gross Margin %	0.24%	0.26%	0.24%	0.25%	0.25%	0.24%	0.23%	0.21%	0.24%	0.25%
Gross Profit Growth %	0.05%	0.06%	0.37%	0.18%	0.05%	-0.22%	0.18%	0.03%	0.05%	0.09%
Operating Expenses+	26.22M	25.21M	37.77M	40.87M	44.39M	34.58M	39.32M	44.45M	44.74M	47.12M
OpEx % of Revenue	0.18%	0.18%	0.18%	0.17%	0.18%	0.17%	0.16%	0.16%	0.17%	0.17%
Selling, General & Admin	23.76M	22.64M	32.15M	33.91M	35.72M	30.19M	35.22M	39.51M	39.15M	42.23M
SG&A % of Revenue	0.16%	0.16%	0.16%	0.14%	0.14%	0.15%	0.14%	0.14%	0.15%	0.15%
Research & Development	2.46M	2.57M	5.62M	6.95M	6.02M	2.75M	4.1M	4.24M	5.59M	4.89M
R&D % of Revenue	0.02%	0.02%	0.03%	0.03%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	2.65M	1.64M	0	699.87K	0	0
Operating Income+	8.03M	11.14M	12.08M	17.86M	17.46M	13.51M	17.45M	14.17M	17.03M	20.15M
Operating Margin %	0.06%	0.08%	0.06%	0.08%	0.07%	0.07%	0.07%	0.05%	0.07%	0.07%
Operating Income Growth %	-0.31%	0.39%	0.09%	0.48%	-0.02%	-0.23%	0.29%	-0.19%	0.2%	0.18%
EBITDA+	11.95M	14.95M	16.8M	23.19M	23.91M	20.32M	24.69M	21.4M	22.4M	26.04M
EBITDA Margin %	0.08%	0.11%	0.08%	0.1%	0.09%	0.1%	0.1%	0.08%	0.09%	0.1%
EBITDA Growth %	-0.21%	0.25%	0.12%	0.38%	0.03%	-0.15%	0.21%	-0.13%	0.05%	0.16%
D&A (Non-Cash Add-back)	3.92M	3.81M	4.72M	5.33M	6.45M	6.82M	7.24M	7.24M	5.37M	5.89M
EBIT	8.21M	11.34M	12.43M	18.79M	18.06M	15.28M	20.82M	16.68M	17.89M	19.8M
Net Interest Income+	-185.47K	-121.5K	-976.51K	-1.2M	-1.86M	-2.06M	-1.75M	-2.28M	-2.81M	-2.72M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	185.47K	121.5K	976.51K	1.2M	1.86M	2.06M	1.75M	2.28M	2.81M	2.72M
Other Income/Expense	-6.75K	87.54K	-627.82K	-269.01K	-1.25M	-288.44K	1.62M	236.6K	-1.95M	-3.07M
Pretax Income+	8.02M	11.22M	11.45M	17.59M	16.21M	13.22M	19.07M	14.4M	15.08M	17.07M
Pretax Margin %	0.06%	0.08%	0.06%	0.08%	0.06%	0.07%	0.08%	0.05%	0.06%	0.06%
Income Tax+	2.29M	3.44M	6.41M	3.08M	2.94M	2.18M	2.89M	3.35M	3.3M	3.86M
Effective Tax Rate %	0.71%	0.69%	0.44%	0.82%	0.82%	0.41%	0.49%	0.85%	0.57%	-0.5%
Net Income+	5.73M	7.79M	5.05M	14.51M	13.27M	5.41M	9.35M	12.3M	8.59M	-8.53M
Net Margin %	0.04%	0.06%	0.02%	0.06%	0.05%	0.03%	0.04%	0.04%	0.03%	-0.03%
Net Income Growth %	-0.25%	0.36%	-0.35%	1.88%	-0.09%	-0.59%	0.73%	0.32%	-0.3%	-1.99%
Net Income (Continuing)	5.73M	7.79M	5.05M	14.51M	13.27M	11.03M	16.18M	11.05M	11.78M	13.22M
Discontinued Operations	0	0	0	0	0	-5.63M	-6.83M	1.25M	-3.2M	-21.74M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.92	1.25	0.80	2.31	2.12	0.86	1.49	1.97	1.37	-1.37
EPS Growth %	-0.25%	0.36%	-0.36%	1.89%	-0.08%	-0.59%	0.73%	0.32%	-0.3%	-2%
EPS (Basic)	0.92	1.25	0.81	2.32	2.13	0.87	1.49	1.98	1.38	-1.37
Diluted Shares Outstanding	6.25M	6.25M	6.29M	4.18M	6.27M	6.26M	6.26M	6.24M	6.27M	6.23M
Basic Shares Outstanding	6.25M	6.25M	6.26M	4.17M	6.24M	6.24M	6.26M	6.21M	6.23M	6.23M
Dividend Payout Ratio	0.49%	0.35%	0.55%	0.19%	0.21%	0.51%	0.29%	0.22%	0.32%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	75.27M	77.7M	100.07M	101.19M	115.94M	111.74M	123.67M	125.32M	112.24M	115.62M
Cash & Short-Term Investments	17.81M	22.73M	22.28M	13.93M	18.03M	15.32M	6.17M	10.19M	9.29M	16.06M
Cash Only	17.81M	22.73M	22.28M	13.93M	18M	15.32M	6.17M	10.19M	8.3M	14.01M
Short-Term Investments	0	0	0	0	34.3K	0	0	0	986.48K	2.05M
Accounts Receivable	17.5M	18.14M	27.12M	31.42M	37.94M	31.8M	44.18M	43.89M	37.63M	35.8M
Days Sales Outstanding	44.19	48.1	48.47	48.95	55.01	58.74	65.41	57.37	53.06	47.91
Inventory	36.84M	34.03M	47.27M	52.77M	54.6M	43.12M	62.86M	64.64M	59.27M	55.21M
Days Inventory Outstanding	121.9	122.66	111.76	109.72	104.95	105.26	120.92	106.92	109.77	98.07
Other Current Assets	986.17K	947K	0	0	0	18.34M	3.52M	6.6M	6.05M	8.55M
Total Non-Current Assets+	46.47M	46.5M	76.39M	80.06M	164.72M	163.79M	142.65M	136.21M	139.8M	119.69M
Property, Plant & Equipment	26.8M	26.17M	29.19M	29.85M	53.34M	41.62M	39.44M	38.33M	45.53M	41.69M
Fixed Asset Turnover	5.39x	5.26x	7.00x	7.85x	4.72x	4.75x	6.25x	7.29x	5.69x	6.54x
Goodwill	14.79M	14.82M	32.23M	34.84M	79.52M	72.22M	72.21M	70.78M	70.78M	58.51M
Intangible Assets	2.28M	1.93M	12.96M	13.97M	31.86M	32.49M	28.27M	24.33M	20.84M	12.71M
Long-Term Investments	-2.6M	-3.59M	-2.01M	-1.4M	0	0	0	2.28M	0	0
Other Non-Current Assets	2.6M	3.59M	2.01M	1.4M	0	17.46M	2.73M	0	374.93K	162.1K
Total Assets+	121.74M	124.2M	176.46M	181.25M	280.66M	275.53M	266.33M	261.52M	252.04M	235.31M
Asset Turnover	1.19x	1.11x	1.16x	1.29x	0.90x	0.72x	0.93x	1.07x	1.03x	1.16x
Asset Growth %	0%	0.02%	0.42%	0.03%	0.55%	-0.02%	-0.03%	-0.02%	-0.04%	-0.07%
Total Current Liabilities+	15.16M	12.87M	31.31M	30.15M	34.9M	40.67M	49.56M	46.98M	42.73M	44.79M
Accounts Payable	9.11M	7.05M	14.71M	18.5M	19.96M	21.31M	29.63M	27.64M	25.32M	19.65M
Days Payables Outstanding	30.14	25.41	34.78	38.46	38.37	52.02	57	45.72	46.89	34.91
Short-Term Debt	1.43M	892.86K	6.55M	2.33M	5.19M	6.44M	0	9.01M	2.87M	0
Deferred Revenue (Current)	0	0	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	0	0	5.68M	5.17M	3.82M	3.25M	12.46M	0	4.56M	11.73M
Current Ratio	4.96x	6.04x	3.20x	3.36x	3.32x	2.75x	2.50x	2.67x	2.63x	2.58x
Quick Ratio	2.53x	3.39x	1.69x	1.61x	1.76x	1.69x	1.23x	1.29x	1.24x	1.35x
Cash Conversion Cycle	135.95	145.36	125.44	120.22	121.59	111.98	129.33	118.57	115.94	111.07
Total Non-Current Liabilities+	27.17M	28.86M	58.21M	54.23M	140.33M	130.56M	102.16M	87.93M	76.82M	69.82M
Long-Term Debt	1.79M	892.86K	28.68M	26.35M	93.58M	82.26M	63.81M	55.14M	41.06M	38.64M
Capital Lease Obligations	0	0	0	0	9.38M	9.81M	8.64M	9.2M	13.54M	14.16M
Deferred Tax Liabilities	0	0	1.72M	1.52M	5.27M	0	1.15M	10.67M	0	0
Other Non-Current Liabilities	25.38M	27.97M	27.81M	26.36M	32.1M	38.49M	28.56M	23.6M	22.22M	17.02M
Total Liabilities	42.33M	41.73M	89.53M	84.38M	175.23M	171.22M	151.73M	134.91M	119.56M	114.62M
Total Debt+	3.21M	1.79M	35.23M	28.68M	111.11M	101.33M	75.12M	76.4M	62.08M	56.64M
Net Debt	-14.6M	-20.94M	12.95M	14.75M	93.11M	86.01M	68.95M	66.21M	53.78M	42.62M
Debt / Equity	0.04x	0.02x	0.41x	0.30x	1.05x	0.97x	0.66x	0.60x	0.47x	0.47x
Debt / EBITDA	0.27x	0.12x	2.10x	1.24x	4.65x	4.99x	3.04x	3.57x	2.77x	2.18x
Net Debt / EBITDA	-1.22x	-1.40x	0.77x	0.64x	3.89x	4.23x	2.79x	3.09x	2.40x	1.64x
Interest Coverage	43.28x	91.65x	12.37x	14.85x	9.40x	6.56x	9.98x	6.23x	6.07x	7.40x
Total Equity+	79.41M	82.47M	86.93M	96.87M	105.44M	104.31M	114.6M	126.61M	132.48M	120.69M
Equity Growth %	0.06%	0.04%	0.05%	0.11%	0.09%	-0.01%	0.1%	0.1%	0.05%	-0.09%
Book Value per Share	12.71	13.19	13.81	23.16	16.82	16.65	18.30	20.28	21.13	19.39
Total Shareholders' Equity	79.41M	82.47M	86.93M	96.87M	105.44M	104.31M	114.6M	126.61M	132.48M	120.69M
Common Stock	29M	29.15M	29.5M	29.99M	30.65M	31.5M	32.62M	33.59M	33.95M	35.44M
Retained Earnings	90.6M	95.63M	97.92M	109.67M	120.19M	122.84M	129.42M	138.99M	144.81M	133.55M
Treasury Stock	-19.11M	-19.11M	-19.11M	-20.17M	-20.17M	-20.54M	-20.91M	-22.54M	-23.28M	-26.34M
Accumulated OCI	-21.08M	-23.2M	-21.39M	-22.63M	-25.23M	-29.5M	-26.53M	-23.41M	-22.99M	-21.96M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	9.13M	12.42M	11.18M	12.88M	22.96M	20.69M	-2.02M	10.46M	26.48M	20.55M
Operating CF Margin %	0.06%	0.09%	0.05%	0.05%	0.09%	0.1%	-0.01%	0.04%	0.1%	0.08%
Operating CF Growth %	-0.02%	0.36%	-0.1%	0.15%	0.78%	-0.1%	-1.1%	6.17%	1.53%	-0.22%
Net Income	5.73M	7.79M	5.05M	14.51M	13.27M	5.41M	16.18M	11.05M	8.59M	13.22M
Depreciation & Amortization	3.92M	3.81M	4.72M	5.33M	6.45M	8.48M	7.24M	7.21M	7.47M	5.89M
Stock-Based Compensation	64.99K	149.57K	354.5K	493.77K	656.92K	849.23K	1.12M	0	364.69K	1.49M
Deferred Taxes	-184.28M	-27.3M	1.2M	947.85K	-2.09M	-2.12M	-3.01M	-3.05M	-1.12M	-4.7M
Other Non-Cash Items	64.99K	149.57K	12.86K	-2.45M	3.98M	6.05M	-696.27K	482.87K	1.48M	-3.17M
Working Capital Changes	-2.02M	-459.16K	-149.64K	-5.95M	692.56K	2.02M	-22.86M	-5.23M	9.72M	7.82M
Change in Receivables	-852.17K	-1.06M	-2.57M	-3.48M	5.98M	-488.16K	-11.28M	-1.08M	5.77M	-1.32M
Change in Inventory	-3.1M	2.51M	152.13K	-5.36M	1.46M	767.8K	-19.61M	-5.3M	6.02M	3.13M
Change in Payables	1.18M	-1.76M	892.44K	4.11M	-2.34M	3.16M	8.83M	-1.74M	-2.19M	-4M
Cash from Investing+	-2.51M	-2.86M	-42.8M	-10.41M	-85.77M	-9.11M	12.62M	5.09M	-5.43M	-8.47M
Capital Expenditures	-2.54M	-2.86M	-2.76M	-5.41M	-5.44M	-3.1M	-3.72M	-3.37M	-6.43M	-9.71M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.03B	8.35K	44.1K	-1.81M	857.97K	-1.63M	-690.71K	470.77K	1.45M	1.24M
Cash from Financing+	-3.88M	-4.18M	30.68M	-10.37M	66.97M	-13.18M	-20.27M	-11.78M	-22.9M	-4.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.81M	-2.75M	-2.75M	-2.76M	-2.74M	-2.75M	-2.76M	-2.74M	-2.77M	-2.73M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	7M	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	6.6M	9.55M	8.42M	7.47M	17.52M	17.59M	-5.74M	7.1M	20.05M	10.84M
FCF Margin %	0.05%	0.07%	0.04%	0.03%	0.07%	0.09%	-0.02%	0.03%	0.08%	0.04%
FCF Growth %	0.15%	0.45%	-0.12%	-0.11%	1.35%	0%	-1.33%	2.24%	1.82%	-0.46%
FCF per Share	1.06	1.53	1.34	1.78	2.79	2.81	-0.92	1.14	3.20	1.74
FCF Conversion (FCF/Net Income)	1.59x	1.59x	2.22x	0.89x	1.73x	3.83x	-0.22x	0.85x	3.08x	-2.41x
Interest Paid	0	0	0	0	1.86M	2.75M	2.27M	0	3.39M	3.22M
Taxes Paid	0	0	0	0	3.2M	3.76M	2.32M	0	6.61M	5.17M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.42%	9.62%	5.96%	15.78%	13.11%	5.15%	8.54%	10.2%	6.63%	-6.74%
Return on Invested Capital (ROIC)	9.39%	13.22%	11.23%	12.67%	8.44%	5.21%	7%	5.65%	6.74%	8.65%
Gross Margin	23.69%	26.41%	24.41%	25.07%	24.57%	24.33%	23.03%	20.99%	23.86%	24.66%
Net Margin	3.96%	5.66%	2.47%	6.19%	5.27%	2.74%	3.79%	4.41%	3.32%	-3.13%
Debt / Equity	0.04x	0.02x	0.41x	0.30x	1.05x	0.97x	0.66x	0.60x	0.47x	0.47x
Interest Coverage	43.28x	91.65x	12.37x	14.85x	9.40x	6.56x	9.98x	6.23x	6.07x	7.40x
FCF Conversion	1.59x	1.59x	2.22x	0.89x	1.73x	3.83x	-0.22x	0.85x	3.08x	-2.41x
Revenue Growth	2.66%	-4.81%	48.42%	14.71%	7.46%	-21.5%	24.75%	13.28%	-7.31%	5.37%

Revenue by Segment

	2013	2018	2019
Subscription	-	448K	567K
Subscription Growth	-	-	26.56%
Industrial Hardware	60.37M	-	-
Industrial Hardware Growth	-	-	-
Security Products	48.75M	-	-
Security Products Growth	-	-	-
Metal Products	33.34M	-	-
Metal Products Growth	-	-	-

Revenue by Geography

	2013	2018	2019
United States	114.09M	207.79M	230.92M
United States Growth	-	82.13%	11.13%
Non-US	-	26.49M	20.82M
Non-US Growth	-	-	-21.39%
Foreign1	28.37M	-	-
Foreign1 Growth	-	-	-

Frequently Asked Questions

Growth & Financials

The Eastern Company (EML) reported $255.5M in revenue for fiscal year 2024. This represents a 79% increase from $142.9M in 2011.

The Eastern Company (EML) grew revenue by 5.4% over the past year. This is steady growth.

Yes, The Eastern Company (EML) is profitable, generating $7.3M in net income for fiscal year 2024 (-3.1% net margin).

Dividend & Returns

Yes, The Eastern Company (EML) pays a dividend with a yield of 2.36%. This makes it attractive for income-focused investors.

The Eastern Company (EML) has a return on equity (ROE) of -6.7%. Negative ROE indicates the company is unprofitable.

The Eastern Company (EML) generated $13.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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The Eastern Company (EML) 10-Year Financial Performance & Capital Metrics

EML • • Industrial / General

IndustrialsTools & AccessoriesSpecialized Industrial SolutionsEngineered Packaging & Tooling

Revenue $273M +5.4%
EBITDA $26M +16.2%
Net Income -$9M -199.4%
EPS (Diluted) -1.37 -200.0%
Gross Margin 24.66% +3.3%
EBITDA Margin 9.55% +10.3%
Operating Margin 7.39% +12.3%
Net Margin -3.13% -194.3%
ROE -6.74% -201.7%
ROIC 8.65% +28.3%
Debt/Equity 0.47 +0.1%
Interest Coverage 7.40 +21.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.4%
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak 3Y average ROE of 3.4%
✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.83%

5Y1.62%

3Y3.43%

TTM-7.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM215.02%

EPS CAGR

10Y-

5Y-

3Y-

TTM213.96%

ROCE

10Y Avg8.6%

5Y Avg7.61%

3Y Avg8.23%

Latest10.08%

Peer Comparison

Engineered Packaging & Tooling

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KMTKennametal Inc.	2.63B	34.56	28.80	-3.91%	4.76%	7.11%	4.54%	0.49
EMLThe Eastern Company	112.57M	18.55	-13.54	5.37%	2.85%	5.85%	9.63%	0.47
SCAGScage Future American Depositary Shares	188.79M	2.60	-87.84	-100%		-4.21%		0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	144.57M	137.61M	204.24M	234.28M	251.74M	197.61M	246.52M	279.27M	258.86M	272.75M
Revenue Growth %	0.03%	-0.05%	0.48%	0.15%	0.07%	-0.22%	0.25%	0.13%	-0.07%	0.05%
Cost of Goods Sold+	110.32M	101.26M	154.38M	175.55M	189.89M	149.53M	189.76M	220.65M	197.09M	205.48M
COGS % of Revenue	0.76%	0.74%	0.76%	0.75%	0.75%	0.76%	0.77%	0.79%	0.76%	0.75%
Gross Profit+	34.25M	36.35M	49.86M	58.73M	61.85M	48.09M	56.77M	58.62M	61.77M	67.27M
Gross Margin %	0.24%	0.26%	0.24%	0.25%	0.25%	0.24%	0.23%	0.21%	0.24%	0.25%
Gross Profit Growth %	0.05%	0.06%	0.37%	0.18%	0.05%	-0.22%	0.18%	0.03%	0.05%	0.09%
Operating Expenses+	26.22M	25.21M	37.77M	40.87M	44.39M	34.58M	39.32M	44.45M	44.74M	47.12M
OpEx % of Revenue	0.18%	0.18%	0.18%	0.17%	0.18%	0.17%	0.16%	0.16%	0.17%	0.17%
Selling, General & Admin	23.76M	22.64M	32.15M	33.91M	35.72M	30.19M	35.22M	39.51M	39.15M	42.23M
SG&A % of Revenue	0.16%	0.16%	0.16%	0.14%	0.14%	0.15%	0.14%	0.14%	0.15%	0.15%
Research & Development	2.46M	2.57M	5.62M	6.95M	6.02M	2.75M	4.1M	4.24M	5.59M	4.89M
R&D % of Revenue	0.02%	0.02%	0.03%	0.03%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	2.65M	1.64M	0	699.87K	0	0
Operating Income+	8.03M	11.14M	12.08M	17.86M	17.46M	13.51M	17.45M	14.17M	17.03M	20.15M
Operating Margin %	0.06%	0.08%	0.06%	0.08%	0.07%	0.07%	0.07%	0.05%	0.07%	0.07%
Operating Income Growth %	-0.31%	0.39%	0.09%	0.48%	-0.02%	-0.23%	0.29%	-0.19%	0.2%	0.18%
EBITDA+	11.95M	14.95M	16.8M	23.19M	23.91M	20.32M	24.69M	21.4M	22.4M	26.04M
EBITDA Margin %	0.08%	0.11%	0.08%	0.1%	0.09%	0.1%	0.1%	0.08%	0.09%	0.1%
EBITDA Growth %	-0.21%	0.25%	0.12%	0.38%	0.03%	-0.15%	0.21%	-0.13%	0.05%	0.16%
D&A (Non-Cash Add-back)	3.92M	3.81M	4.72M	5.33M	6.45M	6.82M	7.24M	7.24M	5.37M	5.89M
EBIT	8.21M	11.34M	12.43M	18.79M	18.06M	15.28M	20.82M	16.68M	17.89M	19.8M
Net Interest Income+	-185.47K	-121.5K	-976.51K	-1.2M	-1.86M	-2.06M	-1.75M	-2.28M	-2.81M	-2.72M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	185.47K	121.5K	976.51K	1.2M	1.86M	2.06M	1.75M	2.28M	2.81M	2.72M
Other Income/Expense	-6.75K	87.54K	-627.82K	-269.01K	-1.25M	-288.44K	1.62M	236.6K	-1.95M	-3.07M
Pretax Income+	8.02M	11.22M	11.45M	17.59M	16.21M	13.22M	19.07M	14.4M	15.08M	17.07M
Pretax Margin %	0.06%	0.08%	0.06%	0.08%	0.06%	0.07%	0.08%	0.05%	0.06%	0.06%
Income Tax+	2.29M	3.44M	6.41M	3.08M	2.94M	2.18M	2.89M	3.35M	3.3M	3.86M
Effective Tax Rate %	0.71%	0.69%	0.44%	0.82%	0.82%	0.41%	0.49%	0.85%	0.57%	-0.5%
Net Income+	5.73M	7.79M	5.05M	14.51M	13.27M	5.41M	9.35M	12.3M	8.59M	-8.53M
Net Margin %	0.04%	0.06%	0.02%	0.06%	0.05%	0.03%	0.04%	0.04%	0.03%	-0.03%
Net Income Growth %	-0.25%	0.36%	-0.35%	1.88%	-0.09%	-0.59%	0.73%	0.32%	-0.3%	-1.99%
Net Income (Continuing)	5.73M	7.79M	5.05M	14.51M	13.27M	11.03M	16.18M	11.05M	11.78M	13.22M
Discontinued Operations	0	0	0	0	0	-5.63M	-6.83M	1.25M	-3.2M	-21.74M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.92	1.25	0.80	2.31	2.12	0.86	1.49	1.97	1.37	-1.37
EPS Growth %	-0.25%	0.36%	-0.36%	1.89%	-0.08%	-0.59%	0.73%	0.32%	-0.3%	-2%
EPS (Basic)	0.92	1.25	0.81	2.32	2.13	0.87	1.49	1.98	1.38	-1.37
Diluted Shares Outstanding	6.25M	6.25M	6.29M	4.18M	6.27M	6.26M	6.26M	6.24M	6.27M	6.23M
Basic Shares Outstanding	6.25M	6.25M	6.26M	4.17M	6.24M	6.24M	6.26M	6.21M	6.23M	6.23M
Dividend Payout Ratio	0.49%	0.35%	0.55%	0.19%	0.21%	0.51%	0.29%	0.22%	0.32%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	75.27M	77.7M	100.07M	101.19M	115.94M	111.74M	123.67M	125.32M	112.24M	115.62M
Cash & Short-Term Investments	17.81M	22.73M	22.28M	13.93M	18.03M	15.32M	6.17M	10.19M	9.29M	16.06M
Cash Only	17.81M	22.73M	22.28M	13.93M	18M	15.32M	6.17M	10.19M	8.3M	14.01M
Short-Term Investments	0	0	0	0	34.3K	0	0	0	986.48K	2.05M
Accounts Receivable	17.5M	18.14M	27.12M	31.42M	37.94M	31.8M	44.18M	43.89M	37.63M	35.8M
Days Sales Outstanding	44.19	48.1	48.47	48.95	55.01	58.74	65.41	57.37	53.06	47.91
Inventory	36.84M	34.03M	47.27M	52.77M	54.6M	43.12M	62.86M	64.64M	59.27M	55.21M
Days Inventory Outstanding	121.9	122.66	111.76	109.72	104.95	105.26	120.92	106.92	109.77	98.07
Other Current Assets	986.17K	947K	0	0	0	18.34M	3.52M	6.6M	6.05M	8.55M
Total Non-Current Assets+	46.47M	46.5M	76.39M	80.06M	164.72M	163.79M	142.65M	136.21M	139.8M	119.69M
Property, Plant & Equipment	26.8M	26.17M	29.19M	29.85M	53.34M	41.62M	39.44M	38.33M	45.53M	41.69M
Fixed Asset Turnover	5.39x	5.26x	7.00x	7.85x	4.72x	4.75x	6.25x	7.29x	5.69x	6.54x
Goodwill	14.79M	14.82M	32.23M	34.84M	79.52M	72.22M	72.21M	70.78M	70.78M	58.51M
Intangible Assets	2.28M	1.93M	12.96M	13.97M	31.86M	32.49M	28.27M	24.33M	20.84M	12.71M
Long-Term Investments	-2.6M	-3.59M	-2.01M	-1.4M	0	0	0	2.28M	0	0
Other Non-Current Assets	2.6M	3.59M	2.01M	1.4M	0	17.46M	2.73M	0	374.93K	162.1K
Total Assets+	121.74M	124.2M	176.46M	181.25M	280.66M	275.53M	266.33M	261.52M	252.04M	235.31M
Asset Turnover	1.19x	1.11x	1.16x	1.29x	0.90x	0.72x	0.93x	1.07x	1.03x	1.16x
Asset Growth %	0%	0.02%	0.42%	0.03%	0.55%	-0.02%	-0.03%	-0.02%	-0.04%	-0.07%
Total Current Liabilities+	15.16M	12.87M	31.31M	30.15M	34.9M	40.67M	49.56M	46.98M	42.73M	44.79M
Accounts Payable	9.11M	7.05M	14.71M	18.5M	19.96M	21.31M	29.63M	27.64M	25.32M	19.65M
Days Payables Outstanding	30.14	25.41	34.78	38.46	38.37	52.02	57	45.72	46.89	34.91
Short-Term Debt	1.43M	892.86K	6.55M	2.33M	5.19M	6.44M	0	9.01M	2.87M	0
Deferred Revenue (Current)	0	0	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	0	0	5.68M	5.17M	3.82M	3.25M	12.46M	0	4.56M	11.73M
Current Ratio	4.96x	6.04x	3.20x	3.36x	3.32x	2.75x	2.50x	2.67x	2.63x	2.58x
Quick Ratio	2.53x	3.39x	1.69x	1.61x	1.76x	1.69x	1.23x	1.29x	1.24x	1.35x
Cash Conversion Cycle	135.95	145.36	125.44	120.22	121.59	111.98	129.33	118.57	115.94	111.07
Total Non-Current Liabilities+	27.17M	28.86M	58.21M	54.23M	140.33M	130.56M	102.16M	87.93M	76.82M	69.82M
Long-Term Debt	1.79M	892.86K	28.68M	26.35M	93.58M	82.26M	63.81M	55.14M	41.06M	38.64M
Capital Lease Obligations	0	0	0	0	9.38M	9.81M	8.64M	9.2M	13.54M	14.16M
Deferred Tax Liabilities	0	0	1.72M	1.52M	5.27M	0	1.15M	10.67M	0	0
Other Non-Current Liabilities	25.38M	27.97M	27.81M	26.36M	32.1M	38.49M	28.56M	23.6M	22.22M	17.02M
Total Liabilities	42.33M	41.73M	89.53M	84.38M	175.23M	171.22M	151.73M	134.91M	119.56M	114.62M
Total Debt+	3.21M	1.79M	35.23M	28.68M	111.11M	101.33M	75.12M	76.4M	62.08M	56.64M
Net Debt	-14.6M	-20.94M	12.95M	14.75M	93.11M	86.01M	68.95M	66.21M	53.78M	42.62M
Debt / Equity	0.04x	0.02x	0.41x	0.30x	1.05x	0.97x	0.66x	0.60x	0.47x	0.47x
Debt / EBITDA	0.27x	0.12x	2.10x	1.24x	4.65x	4.99x	3.04x	3.57x	2.77x	2.18x
Net Debt / EBITDA	-1.22x	-1.40x	0.77x	0.64x	3.89x	4.23x	2.79x	3.09x	2.40x	1.64x
Interest Coverage	43.28x	91.65x	12.37x	14.85x	9.40x	6.56x	9.98x	6.23x	6.07x	7.40x
Total Equity+	79.41M	82.47M	86.93M	96.87M	105.44M	104.31M	114.6M	126.61M	132.48M	120.69M
Equity Growth %	0.06%	0.04%	0.05%	0.11%	0.09%	-0.01%	0.1%	0.1%	0.05%	-0.09%
Book Value per Share	12.71	13.19	13.81	23.16	16.82	16.65	18.30	20.28	21.13	19.39
Total Shareholders' Equity	79.41M	82.47M	86.93M	96.87M	105.44M	104.31M	114.6M	126.61M	132.48M	120.69M
Common Stock	29M	29.15M	29.5M	29.99M	30.65M	31.5M	32.62M	33.59M	33.95M	35.44M
Retained Earnings	90.6M	95.63M	97.92M	109.67M	120.19M	122.84M	129.42M	138.99M	144.81M	133.55M
Treasury Stock	-19.11M	-19.11M	-19.11M	-20.17M	-20.17M	-20.54M	-20.91M	-22.54M	-23.28M	-26.34M
Accumulated OCI	-21.08M	-23.2M	-21.39M	-22.63M	-25.23M	-29.5M	-26.53M	-23.41M	-22.99M	-21.96M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	9.13M	12.42M	11.18M	12.88M	22.96M	20.69M	-2.02M	10.46M	26.48M	20.55M
Operating CF Margin %	0.06%	0.09%	0.05%	0.05%	0.09%	0.1%	-0.01%	0.04%	0.1%	0.08%
Operating CF Growth %	-0.02%	0.36%	-0.1%	0.15%	0.78%	-0.1%	-1.1%	6.17%	1.53%	-0.22%
Net Income	5.73M	7.79M	5.05M	14.51M	13.27M	5.41M	16.18M	11.05M	8.59M	13.22M
Depreciation & Amortization	3.92M	3.81M	4.72M	5.33M	6.45M	8.48M	7.24M	7.21M	7.47M	5.89M
Stock-Based Compensation	64.99K	149.57K	354.5K	493.77K	656.92K	849.23K	1.12M	0	364.69K	1.49M
Deferred Taxes	-184.28M	-27.3M	1.2M	947.85K	-2.09M	-2.12M	-3.01M	-3.05M	-1.12M	-4.7M
Other Non-Cash Items	64.99K	149.57K	12.86K	-2.45M	3.98M	6.05M	-696.27K	482.87K	1.48M	-3.17M
Working Capital Changes	-2.02M	-459.16K	-149.64K	-5.95M	692.56K	2.02M	-22.86M	-5.23M	9.72M	7.82M
Change in Receivables	-852.17K	-1.06M	-2.57M	-3.48M	5.98M	-488.16K	-11.28M	-1.08M	5.77M	-1.32M
Change in Inventory	-3.1M	2.51M	152.13K	-5.36M	1.46M	767.8K	-19.61M	-5.3M	6.02M	3.13M
Change in Payables	1.18M	-1.76M	892.44K	4.11M	-2.34M	3.16M	8.83M	-1.74M	-2.19M	-4M
Cash from Investing+	-2.51M	-2.86M	-42.8M	-10.41M	-85.77M	-9.11M	12.62M	5.09M	-5.43M	-8.47M
Capital Expenditures	-2.54M	-2.86M	-2.76M	-5.41M	-5.44M	-3.1M	-3.72M	-3.37M	-6.43M	-9.71M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.03B	8.35K	44.1K	-1.81M	857.97K	-1.63M	-690.71K	470.77K	1.45M	1.24M
Cash from Financing+	-3.88M	-4.18M	30.68M	-10.37M	66.97M	-13.18M	-20.27M	-11.78M	-22.9M	-4.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.81M	-2.75M	-2.75M	-2.76M	-2.74M	-2.75M	-2.76M	-2.74M	-2.77M	-2.73M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	7M	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	6.6M	9.55M	8.42M	7.47M	17.52M	17.59M	-5.74M	7.1M	20.05M	10.84M
FCF Margin %	0.05%	0.07%	0.04%	0.03%	0.07%	0.09%	-0.02%	0.03%	0.08%	0.04%
FCF Growth %	0.15%	0.45%	-0.12%	-0.11%	1.35%	0%	-1.33%	2.24%	1.82%	-0.46%
FCF per Share	1.06	1.53	1.34	1.78	2.79	2.81	-0.92	1.14	3.20	1.74
FCF Conversion (FCF/Net Income)	1.59x	1.59x	2.22x	0.89x	1.73x	3.83x	-0.22x	0.85x	3.08x	-2.41x
Interest Paid	0	0	0	0	1.86M	2.75M	2.27M	0	3.39M	3.22M
Taxes Paid	0	0	0	0	3.2M	3.76M	2.32M	0	6.61M	5.17M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.42%	9.62%	5.96%	15.78%	13.11%	5.15%	8.54%	10.2%	6.63%	-6.74%
Return on Invested Capital (ROIC)	9.39%	13.22%	11.23%	12.67%	8.44%	5.21%	7%	5.65%	6.74%	8.65%
Gross Margin	23.69%	26.41%	24.41%	25.07%	24.57%	24.33%	23.03%	20.99%	23.86%	24.66%
Net Margin	3.96%	5.66%	2.47%	6.19%	5.27%	2.74%	3.79%	4.41%	3.32%	-3.13%
Debt / Equity	0.04x	0.02x	0.41x	0.30x	1.05x	0.97x	0.66x	0.60x	0.47x	0.47x
Interest Coverage	43.28x	91.65x	12.37x	14.85x	9.40x	6.56x	9.98x	6.23x	6.07x	7.40x
FCF Conversion	1.59x	1.59x	2.22x	0.89x	1.73x	3.83x	-0.22x	0.85x	3.08x	-2.41x
Revenue Growth	2.66%	-4.81%	48.42%	14.71%	7.46%	-21.5%	24.75%	13.28%	-7.31%	5.37%

Revenue by Segment

	2013	2018	2019
Subscription	-	448K	567K
Subscription Growth	-	-	26.56%
Industrial Hardware	60.37M	-	-
Industrial Hardware Growth	-	-	-
Security Products	48.75M	-	-
Security Products Growth	-	-	-
Metal Products	33.34M	-	-
Metal Products Growth	-	-	-

Revenue by Geography

	2013	2018	2019
United States	114.09M	207.79M	230.92M
United States Growth	-	82.13%	11.13%
Non-US	-	26.49M	20.82M
Non-US Growth	-	-	-21.39%
Foreign1	28.37M	-	-
Foreign1 Growth	-	-	-

Frequently Asked Questions

Growth & Financials

The Eastern Company (EML) reported $255.5M in revenue for fiscal year 2024. This represents a 79% increase from $142.9M in 2011.

The Eastern Company (EML) grew revenue by 5.4% over the past year. This is steady growth.

Yes, The Eastern Company (EML) is profitable, generating $7.3M in net income for fiscal year 2024 (-3.1% net margin).

Dividend & Returns

Yes, The Eastern Company (EML) pays a dividend with a yield of 2.36%. This makes it attractive for income-focused investors.

The Eastern Company (EML) has a return on equity (ROE) of -6.7%. Negative ROE indicates the company is unprofitable.

The Eastern Company (EML) generated $13.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.