Eastern Co
NASDAQ:EML
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Eastern Co
NASDAQ:EML
|
US |
|
R
|
Ribbon Communications Inc
F:NU42
|
US |
|
W
|
Wooree Bio Co Ltd
KOSDAQ:082850
|
KR |
|
O
|
Omesti Bhd
KLSE:OMESTI
|
MY |
|
T
|
Talenthouse AG
SIX:THAG
|
CH |
|
R
|
Royal Century Resources Holdings Ltd
HKEX:8125
|
HK |
|
Lancor Holdings Ltd
BSE:509048
|
IN |
|
W
|
Woodside Petroleum Ltd
XBER:WOPA
|
AU |
Eastern Co
The Eastern Co. engages in the design, manufacture and sale of industrial hardware, security products and metal products. The company is headquartered in Naugatuck, Connecticut and currently employs 1,191 full-time employees. The Company’s Engineered Solutions segment consists of Big 3 Precision, Eberhard Manufacturing Company and Velvac. These businesses designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. Big 3 Products and Big 3 Mold’s turnkey returnable packaging solutions are used in the assembly processes of vehicles, aircraft, and durable goods and in the production processes of plastic packaging products, packaged consumer goods and pharmaceuticals. Eberhard offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles among other products, as well as comprehensive development and program management services for custom electromechanical and mechanical systems.
The Eastern Co. engages in the design, manufacture and sale of industrial hardware, security products and metal products. The company is headquartered in Naugatuck, Connecticut and currently employs 1,191 full-time employees. The Company’s Engineered Solutions segment consists of Big 3 Precision, Eberhard Manufacturing Company and Velvac. These businesses designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. Big 3 Products and Big 3 Mold’s turnkey returnable packaging solutions are used in the assembly processes of vehicles, aircraft, and durable goods and in the production processes of plastic packaging products, packaged consumer goods and pharmaceuticals. Eberhard offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles among other products, as well as comprehensive development and program management services for custom electromechanical and mechanical systems.
Revenue: Full-year revenue was $249.0 million, down 9% year-over-year; Q4 net sales were $57.5 million, down 13.7% YoY but up 4% sequentially from Q3.
Profitability: Adjusted EBITDA for the year was $19.4 million (7.8% margin) versus $26.3 million (9.6% margin) last year; Q4 adjusted EBITDA improved by $1.1 million sequentially.
Margins: Gross margin held up relatively well at 22.9% for the year (22.8% in Q4) despite lower volumes and higher material costs.
Cost actions: Management implemented structural cost reductions (~$4.0 million of annual run-rate savings), footprint optimization and $2.5 million of restructuring charges in 2025.
Balance sheet: Refi'd into a new $100 million 5-year revolving facility with $66 million of availability; senior net leverage was 1.35:1 at year-end; debt was reduced by $8.7 million.
Capital allocation: Returned $2.7 million in dividends and repurchased ~153,000 shares (~$3.7 million).
Operations & markets: End markets (heavy truck and automotive) were challenging through most of 2025 but showed stabilization in late-year; Asia sales grew 25% YoY after adding dedicated sales resources.
Strategic focus: Company streamlined portfolio (divested Centrilium mold division), strengthened leadership, neutralized ~$10 million of tariff exposure, and is pursuing disciplined M&A.
