Detail akcie Eastern Co online

Business Summary: The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It 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. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.
Financial Summary: BRIEF: For the fiscal year ended 30 December 2023, Eastern Company revenues decreased 2% to $273.5M. Net income before extraordinary items decreased 22% to $8.6M. Revenues reflect United States segment decrease of 2% to $265.4M, Foreign segment decrease of 9% to $8.1M. Net income also reflects Selling and administrative expenses increase of 12% to $44.2M (expense), Other (expense) income decrease from $2.5M (income) to $685K (expense).