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Stock impact report

The Eastern Company Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Eastern Company (The) (EML) 
US:NASDAQ Investor Relations: easterncompany.com
Company Research Source: Yahoo! Finance
Cash flow from operations for the year ended December 30, 2023 increased $19.0 million compared to fiscal 2022, enabling debt paydown of $20.2 million. EPS increased sequentially in each quarter of 2023, rising to $0.56 per diluted share in Q4 2023 compared to $0.03 in Q4 2022. Strong fourth quarter caps a year of significant changes designed to optimize operations and restore consistent profitability as evidenced by improvements in earnings from operations. SHELTON, CT / ACCESSWIRE / March 12, 2024 / The Eastern Company ("Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced the results of operations for the fourth fiscal quarter and full year ended December 30, 2023. President and CEO Mark Hernandez commented, "2023 was a year of substantial and very positive change for The Eastern Company. With a new leadership team at the helm, we initiated a series of a Show less Read more
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