Articles from The Eastern Company

NAUGATUCK, CT / ACCESSWIRE / July 28, 2022 / The Eastern Company (NASDAQEML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 15, 2022, to common shareholders of record as of August 15, 2022. This dividend represents the Company's 328th consecutive quarterly dividend.

NAUGATUCK, CT / ACCESSWIRE / July 21, 2022 / The Eastern Company (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the second quarter of fiscal year 2022 after the market close on Monday, August 8, 2022.

NAUGATUCK, CT / ACCESSWIRE / June 29, 2022 / The Eastern Company ("Eastern", or the "Company") (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that its Board of Directors (the "Board") has appointed Mr. Mark Hernandez and Mr. Michael Mardy to the Board.

- Net sales from continuing operations grew to a record $69.0 million in the first quarter of 2022, an increase of 12% compared to net sales from continuing operations in the first quarter of 2021. Customer orders were strong and our backlog at the end of the first quarter of 2022 was up 23% to $85.8 million from $69.7 million at the end of the first quarter of 2021. - Gross margin was 21% in the first quarter of 2022, compared to 25% in the

NAUGATUCK, CT / ACCESSWIRE / April 27, 2022 / The Eastern Company (NASDAQEML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2022, to common shareholders of record as of May 13, 2022. This dividend represents the Company's 327th consecutive quarterly dividend. About the Company The Eastern Company manages industrial businesses that design, manufacture and sell unique

NAUGATUCK, CT / ACCESSWIRE / April 25, 2022 / The Eastern Company (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will conduct its Annual Meeting of Shareholders virtually on Tuesday, April 26, 2022. For those who cannot listen to the live broadcast, a replay of the webcast will be made available. What: The Eastern Company Annual Virtual Meeting

NAUGATUCK, CT / ACCESSWIRE / April 19, 2022 / The Eastern Company (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the first quarter fiscal year 2022 after the market close on Monday, May 9, 2022. Management will hold a conference call and webcast on Tuesday, May 10, 2022 at 11:00 a.m. ET to discuss the Company's

Eastern Announces Upcoming Retirement of John Sullivan, CFO, and Hiring of Peter O'Hara - Strong demand across core markets, combined with superb execution by our teams, drove growth in our net sales from continuing operations to $246.5 million in 2021, an increase of 25% compared to net sales from continuing operations in 2020. Customer orders were strong and backlog grew to $82.8 million at the end of 2021 compared to $64.7 million at the end

NAUGATUCK, CN / ACCESSWIRE / March 8, 2022 / The Eastern Company (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the fourth quarter and fiscal year 2021 after the market close on Thursday, March 17, 2022. Management will hold a conference call and webcast on Friday, March 18, 2022 at 11:00 a.m. ET to discuss the

NAUGATUCK, CT / ACCESSWIRE / February 9, 2022 / The Eastern Company (NASDAQEML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable March 15, 2022, to common shareholders of record as of March 1, 2022. This dividend represents the Company's 326th consecutive quarterly dividend. About the Company The Eastern Company manages industrial businesses that design, manufacture and sell

NAUGATUCK, CT / ACCESSWIRE / December 20, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that Michael McManus will retire from its Board of Directors, effective December 31, 2021. James Mitarotonda, Chairman of the Board said, "On behalf of The Eastern Company and its board

NAUGATUCK, CT / ACCESSWIRE / November 22, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that it has sold its Frazer & Jones foundry business ("Frazer & Jones"). August Vlak, Eastern's President & CEO, said that "the divestiture of Frazer & Jones is part of

Net Sales from Continuing Operations Increase by 15%; Net Earnings from Continuing Operations Grow by 21% - Strengthening demand across our core markets drove growth in our net sales from continuing operations to $63.9 million in the third quarter of 2021, an increase of 15% compared to net sales from continuing operations in the third quarter of 2020. Customer orders were strong and backlog grew to $83.1 million at the end of the third

NAUGATUCK, CT / ACCESSWIRE / November 4, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that it has sold its Greenwald Industries business ("Greenwald"). August Vlak, Eastern's President & CEO, said that "the divestiture of Greenwald is part of our ongoing work to

NAUGATUCK, CT / ACCESSWIRE / November 3, 2021 / The Eastern Company (NASDAQEML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the third quarter of 2021 after the market close on Wednesday, November 10, 2021. Management will hold a conference call and webcast on Thursday, November 11, 2021 at 11:00 a.m. ET to discuss the

NAUGATUCK, CT / ACCESSWIRE / November 2, 2021 / The Eastern Company (NASDAQEML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 15, 2021, to common shareholders of record as of November 15, 2021. This dividend represents the Company's 325th consecutive quarterly dividend. About the Company The Eastern Company manages industrial businesses that design, manufacture and

NET SALES from continuing operations INCREASED BY 55%; NET EARNINGS from continuing operations grew BY 32%- Eastern accelerates its transformation and focus on growing its Engineered Solutions segment. The Company reports its Diversified Products segment as "discontinued operations" while exploring strategic alternatives for these businesses. - Strong demand across core markets drove second quarter of 2021 net sales from continuing operations

NAUGATUCK, CT / ACCESSWIRE / August 6, 2021 / The Eastern Company (NASDAQEML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 15, 2021, to common shareholders of record as of August 13, 2021. This dividend represents the Company's 324th consecutive quarterly dividend. About the Company The Eastern Company manages industrial businesses that design, manufacture and sell

NAUGATUCK, CT / ACCESSWIRE / April 28, 2021 / The Eastern Company (NASDAQEML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2021, to common shareholders of record as of May 12, 2021. This dividend represents the Company's 323rd consecutive quarterly dividend. About the Company The Eastern Company manages industrial businesses that design, manufacture and

- The launch of new products at Big 3 Precision and Velvac, as well as strong demand across many of our core markets, drove first quarter 2021 net sales to $73.1 million, a record in Eastern's more than 160-year history and an increase of 12% compared with the first quarter of 2020. - Gross margin expansion of 1.2% in the first quarter of 2021 compared to the first quarter of 2020 reflects higher sales and our success in passing on

NAUGATUCK, CT / ACCESSWIRE / April 22, 2021 / The Eastern Company (NASDAQEML), an industrial manufacturer of unique engineered solutions serving industrial markets, will conduct its 2021 Annual Meeting of Shareholders virtually on Wednesday, April 28, 2021. Immediately following, August Vlak, President and CEO, will host an investor webcast. Mr. Vlak will discuss Eastern's core businesses, including Big 3 Precision, Eberhard and Velvac, as