Eastern (EML) Q2 Earnings Rise Y/Y on Strong Truck Mirror Sales [Yahoo! Finance]
Eastern Company (The) (EML)
US:NASDAQ Investor Relations:
easterncompany.com
Company Research
Source: Yahoo! Finance
This marks a substantial improvement from 22 cents per share recorded in the same period of the previous year. Net sales for the quarter were $73.2 million, up 7% from $68.3 million in the corresponding period last year. The quarterly performance showcases significant improvements in net income and sales, driven by robust demand in specific product lines and strategic business adjustments. However, challenges remain, especially in the commercial vehicle and electric vehicle markets, impacting the demand for custom returnable packaging solutions. The Eastern Company Price, Consensus and EPS Surprise The Eastern Company price-consensus-eps-surprise-chart | The Eastern Company Quote Quarterly Performance Analysis Revenue Streams The increase in revenues this quarter can primarily be attributed to the higher demand for truck mirror assemblies, which saw an $8 million increase, and returnable transport packaging products, which contributed an additional $0.4 million. This was
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EML
News
- The Eastern Company (NASDAQ:EML) is a favorite amongst institutional investors who own 63% [Yahoo! Finance]Yahoo! Finance
- Zurich insurance posts record profits, but shares dip on catastrophe worries [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Reports Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Reports Second Quarter 2024 ResultsAccesswire
- The Eastern Company (NASDAQ: EML) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
EML
Sec Filings
- 9/20/24 - Form SC
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- EML's page on the SEC website