The Eastern Company Reports Net Sales of $61.4 Million and Earnings of $0.40 Per Diluted Share for the Second Quarter Of 2019
Eastern Company (The) (EML)
US:NASDAQ Investor Relations:
easterncompany.com
Company Research
Source: Business Wire
Second Quarter Cash From Operations of $7.2 Million Sets a New Record in Eastern’s 160-year History NAUGATUCK, Conn.--(BUSINESS WIRE)--The Eastern Company (NASDAQ:EML) today announced the results of operations for the second quarter of 2019. Net sales for the second quarter were $61.4 million, compared to $60.9 million for the same period in 2018. Net sales for the first six months of 2019 were $122.3 million compared to $120.3 million in the first six months of 2018. Mr. August Vlak, President and CEO, said “Sales growth in the second quarter and the first six months of 2019 is primarily the result of the addition of several new truck mirror programs as well as continued growth in sales to Class 8 truck customers, which was partially offset by lower sales to recreational vehicle OEMs.”Net income for the second quarter of 2019 was $2.5 million, or $0.40 per diluted share, compared to $3.3 million, or $0.52 per diluted share, for the same period in 2018. Net income for the first six
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News
- With 52% ownership of the shares, The Eastern Company (NASDAQ:EML) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Announces Timing of Virtual Annual Meeting of Shareholders Accesswire
- Gulf markets slip on Fed rate worries; Saudi climbs [Reuters]Reuters
- Gulf bourses drop; Egypt extends decline [Reuters]Reuters
- The Eastern Company (NASDAQ: EML) was upgraded by analysts at TheStreet from a "c" rating to a "b-" rating.MarketBeat
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