Company The Eastern Company

Equities

EML

US2763171046

Industrial Machinery & Equipment

Market Closed - Nasdaq 04:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
32 USD -0.03% Intraday chart for The Eastern Company +8.92% +45.45%

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.

Number of employees: 1,199

Sales per Business

USD in Million2022Weight2023Weight Delta
Engineered Solutions
100.0 %
279 100.0 % 273 100.0 % -2.08%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
97.0 %
270 96.8 % 265 97.0 % -1.84%
Foreign
3.0 %
9 3.2 % 8 3.0 % -9.47%

Managers

Managers TitleAgeSince
Chief Executive Officer 57 22-07-24
Director of Finance/CFO 42 16-12-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 77 92-12-31
Director/Board Member 74 88-12-31
Chairman 69 15-05-21
Director/Board Member 75 22-07-24
Director/Board Member 72 19-04-30
Director/Board Member 62 16-04-25
Chief Executive Officer 57 22-07-24

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 9,082,570 5,733,183 ( 63.12 %) 2,874,445 ( 31.65 %) 63.12 %

Shareholders

NameEquities%Valuation
Barington Capital Group LP
10.15 %
630,100 10.15 % 21 M $
Barington Companies Investors LLC
10.15 %
630,100 10.15 % 21 M $
GAMCO Asset Management, Inc.
8.400 %
521,468 8.400 % 18 M $
GAMCO Asset Management, Inc.
8.356 %
518,755 8.356 % 18 M $
Minerva Advisors LLC
7.919 %
491,594 7.919 % 17 M $
Forager Capital Management LLC
7.515 %
466,534 7.515 % 16 M $
Gabelli Funds LLC
7.410 %
460,000 7.410 % 16 M $
Dimensional Fund Advisors LP
6.088 %
377,976 6.088 % 13 M $
Teton Advisors, Inc. (Investment Management)
4.494 %
279,000 4.494 % 10 M $
Vanguard Global Advisers LLC
4.259 %
264,398 4.259 % 9 M $

Company contact information

The Eastern Co.

3 Enterprise Drive Suite 408

06484, Shelton

+203 729 2255

http://www.easterncompany.com
address The Eastern Company(EML)
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