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 three months ended 30 March 2024, Eastern Company revenues decreased 6% to $67.9M. Net income increased from $607K to $1.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Other income (expense) increase from $631K (expense) to $10K (income), Selling and administrative expenses decrease of 4% to $11.5M (expense).