The Eastern Company Reports Net Sales of $59.4 Million and Earnings of $0.49 Per Diluted Share for the First Quarter of 2018
Eastern Company (The) (EML)
US:NASDAQ Investor Relations:
easterncompany.com
Company Research
Source: Business Wire
NAUGATUCK, Conn.--(BUSINESS WIRE)-- The Eastern Company (NASDAQ:EML) today announced the results of operations for the first quarter of 2018. Sales for the first quarter were $59.4 million, compared to $36.0 million for the same period in 2017. Net income for the first quarter of 2018 was $3.1 million, or $0.49 per diluted share, compared to $1.5 million, or $0.24 per diluted share, for the same period last year. Mr. August Vlak, President and CEO, stated that “the 65% increase in sales for the first quarter of 2018 compared to the same period in 2017 reflects the acquisition of Velvac, Inc., which closed on April 3, 2017, as well as sustained organic growth across all three of our business segments. Our Industrial Hardware segment grew by 137% in the first quarter of 2018 compared with the first quarter of 2017 and if sales resulting from the Velvac acquisition are excluded, our Industrial Hardware segm
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EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- EML's page on the SEC website