Eastern's Q3 Earnings Surge 36% Y/Y on Packaging Demand [Yahoo! Finance]
Eastern Company (The) (EML)
US:NASDAQ Investor Relations:
easterncompany.com
Company Research
Source: Yahoo! Finance
Net sales witnessed a strong 15% year-over-year rise in net sales, reaching $71.3 million from $62 million in the prior-year period. Eastern's third-quarter 2024 results reflect an improved operational landscape, marked by increases in sales, gross margin, and operating profit. The company's growth was largely driven by heightened demand in key product lines such as returnable transport packaging products and truck mirror assemblies. However, the upside was partly offset by elevated selling, general, and administrative (SG&A) costs. The Eastern Company price-consensus-eps-surprise-chart | The Eastern Company Quote Eastern's net sales increased, attributable to increased demand for returnable transport packaging products, contributing an additional $7.4 million, along with gains from truck mirror assemblies and truck accessories. The gross margin expanded slightly to 25.5% in the third quarter of 2024 compared to 24.9% in the prior-year period. This improvement primarily refle
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EML
News
- The Eastern Company (NASDAQ: EML) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
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EML
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- EML's page on the SEC website