Full Transcript: Eastern Q4 2025 Earnings Callby Benzinga Insights Benzinga Staff WriterFollowEastern (NASDAQ:EML) released fourth-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below.This content is powered by Benzinga APIs. For comprehensive financial data and transcripts, visit https://www.benzinga.com/apis/.The full earnings call is available at https://www.webcaster5.com/Webcast/Page/1757/53645Full TranscriptOPERATORGood morning and welcome to the Easte ...

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) ("JPMorganChase†or the "Firm†) plans to host conference calls to review financial results on the following dates: First-quarter 2027 – Tuesday, April 13, 2027 at 8:30 a.m. (Eastern) Second-quarter 2027 – Tuesday, July 13, 2027 at 8:30 a.m. (Eastern) Third-quarter 2027 – Tuesday, October 12, 2027 at 8:30 a.m. (Eastern) Fourth-quarter 2027 – Friday, January 14, 2028 at 8:30 a.m. (Eastern) The financial results are scheduled to be re. ...

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Judith L. Bomster, J.D., as a Senior Vice President, Senior Trust Officer with Cambridge Trust Wealth Management. Ms. Bomster brings more than 25 years of legal experience, including over two decades focusing on administering private revocable, irrevocable and will-created trusts, in addition to advising and assisting families and beneficiaries with long-term management of financial resources for inheritance and generational planning,. ...

Earnings Call InsightsEastern Company outlines leaner cost structure and signals 2026 demand stabilization while strengthening balance sheetMar. 04, 2026 10:52 AM ETThe Eastern Company (EML) StockAI-Generated Earnings Calls InsightsCommentsEarnings Call Insights: The Eastern Company (EML) Q4 2025 Management View CEO Ryan Schroeder described 2025 as a year marked by challenging end markets, especially in heavy truck and automotive, alongside significant operational progress. Schroeder stated, "2025 was a yea ...

Chief Financial Officer Nicholas Vlahos noted fiscal 2025 was a 53-week year, with the fourth quarter spanning 14 weeks versus 13 weeks in the prior-year period.For the full year, Schroeder said revenue was $249 million , down 9% year-over-year, while adjusted EBITDA was $19.4 million , representing a 7.8% margin, compared with $26.3 million and a 9.6% margin in the prior year. He characterized the result as roughly a 7% margin on reduced operating scale.Chief Executive Officer Ryan Schroeder said fiscal 20 ...

Financial Data and Key Metrics Changes - For the full year 2025, revenue was $249 million, down 9% year-over-year from $272.8 million in 2024 [5][11] - Adjusted EBITDA was $19.4 million, representing a 7.8% margin compared to $26.3 million or 9.6% margin last year [5] - In Q4 2025, revenue increased 4% sequentially from Q3, rising from $55.3 million to $57.5 million [6] - Net income from continuing operations for Q4 2025 was $1.2 million or $0.19 per diluted share, compared to $1.6 million or $0.26 per diluted share for the same period in 2024 [17] Business Line Data and Key Metrics Changes - Net sales in Q4 2025 decreased 13.7% to $57.5 million from $66.7 million in Q4 2024, primarily due to lower shipments of returnable transport packaging products and truck mirror assemblies [11] - For the full year 2025, net sales decreased 9% to $249 million from $272.8 million in 2024, also due to lower shipments of returnable transport packaging products and truck mirror assemblies [11] Market Data and Key Metrics Changes - The backlog as of January 3, 2026, was $81.1 million, a decrease of 10% or $8 million from $89.1 million as of December 28, 2024, driven by lower orders for returnable transport packaging products [12] - The Asia business grew 25% year-over-year following the deployment of dedicated sales resources in the region [8] Company Strategy and Development Direction - The company made decisive structural changes to its cost base, portfolio, and operating model, resulting in approximately $4 million in annual savings from restructuring and footprint optimization initiatives [7] - The company divested the underperforming Centralia Mold division to concentrate on high conviction core businesses [7] - M&A remains an important component of the long-term value creation strategy, with a growing pipeline of potential transactions [19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about entering a more constructive demand environment, with leading indicators pointing in a more favorable direction than a year ago [19] - The company emphasized the importance of maintaining discipline in its outlook and execution [19] Other Important Information - The company returned $2.7 million to shareholders through dividends and repurchased approximately 153,000 shares, or about $3.7 million of common stock [18] - In 2025, the company welcomed Chan Galbato to its board and announced that Charlie Henry and Mike Marty would not stand for re-election, aiming to improve agility and decision-making effectiveness [20] Q&A Session Summary - No questions were posed during the Q&A session [22]

Financial Data and Key Metrics Changes - For the full year 2025, revenue was $249 million, down 9% year-over-year from $272.8 million in 2024. Adjusted EBITDA was $19.4 million, representing a 7.8% margin compared to $26.3 million or 9.6% margin last year [5][11] - In Q4 2025, revenue increased 4% sequentially from Q3, rising from $55.3 million to $57.5 million. Adjusted EBITDA improved by $1.1 million sequentially, reflecting a 50% margin on the incremental revenue from Q3 [6] - Net income from continuing operations for Q4 2025 was $1.2 million or $0.19 per diluted share, compared to $1.6 million or $0.26 per diluted share for the same period in 2024. For the full year 2025, net income decreased 57% to $6 million or $0.98 per diluted share [17] Business Line Data and Key Metrics Changes - Net sales in Q4 2025 decreased 13.7% to $57.5 million from $66.7 million in Q4 2024, primarily due to lower shipments of returnable transport packaging products and truck mirror assemblies [11] - For the full year 2025, net sales decreased 9% to $249 million from $272.8 million in 2024, also due to lower shipments of returnable transport packaging products and truck mirror assemblies [11] Market Data and Key Metrics Changes - The backlog as of January 3, 2026, was $81.1 million, a decrease of 10% or $8 million from $89.1 million as of December 28, 2024, driven by lower orders for returnable transport packaging products [12] - The Asia business grew 25% year-over-year following the deployment of dedicated sales resources in the region, indicating potential for incremental profitable growth [8] Company Strategy and Development Direction - The company made structural changes to its cost base, portfolio, and operating model, resulting in approximately $4 million in annual savings from restructuring and footprint optimization initiatives [7] - The company divested the underperforming Centralia Mold division to concentrate on high conviction core businesses and neutralized approximately $10 million of tariff exposure through pricing actions and supply chain cost reductions [7] - M&A remains a key component of the long-term value creation strategy, with a growing pipeline of potential transactions [19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about entering a more constructive demand environment, with leading indicators such as order flow and OEM production signals showing improvement [19] - The company emphasized the importance of maintaining discipline in its outlook and execution to deliver long-term value for shareholders [24] Other Important Information - The company welcomed Chan Galvato to its board in 2025 and announced that Charlie Henry and Mike Marty will not stand for re-election, aiming to improve agility and decision-making effectiveness [20] - The company refinanced its credit facility, entering into a new $100 million 5-year revolving credit facility with Citizens Bank, enhancing financial flexibility [18] Q&A Session Summary - No questions were raised during the Q&A session, indicating a lack of immediate inquiries from analysts or investors [22][25]

Financial Data and Key Metrics Changes - For the full year 2025, revenue was $249 million, down 9% year-over-year from $272.8 million in 2024 [5][12] - Adjusted EBITDA was $19.4 million, representing a 7.8% margin compared to $26.3 million or 9.6% margin last year [5] - In Q4 2025, revenue increased 4% sequentially from Q3, rising from $55.3 million to $57.5 million [6] - Net income from continuing operations for Q4 2025 was $1.2 million or $0.19 per diluted share, compared to $1.6 million or $0.26 per diluted share for the same period in 2024 [18] Business Line Data and Key Metrics Changes - Net sales in Q4 2025 decreased 13.7% to $57.5 million from $66.7 million in Q4 2024, primarily due to lower shipments of returnable transport packaging products and truck mirror assemblies [12] - For the full year 2025, net sales decreased 9% to $249 million from $272.8 million in 2024, also due to lower shipments of returnable transport packaging products and truck mirror assemblies [12] Market Data and Key Metrics Changes - The backlog as of January 3, 2026, was $81.1 million, a decrease of 10% or $8 million from $89.1 million as of December 28, 2024, driven by lower orders for returnable transport packaging products [13] - The Asia business grew 25% year-over-year following the deployment of dedicated sales resources in the region [9] Company Strategy and Development Direction - The company made structural changes to its cost base, portfolio, and operating model, resulting in approximately $4 million in annual savings from restructuring and footprint optimization initiatives [7] - The company divested the underperforming Centralia Mold division to concentrate on high conviction core businesses [8] - The company is focused on M&A as a long-term value creation strategy, actively evaluating opportunities that meet strategic and financial criteria [20] Management's Comments on Operating Environment and Future Outlook - Management noted that 2025 was a year defined by challenging end markets, particularly in heavy truck and automotive, but saw early signs of stabilization in November and December [5] - The company is cautiously optimistic about entering a more constructive demand environment, with leading indicators pointing in a more favorable direction [20] Other Important Information - The company returned $2.7 million to shareholders through dividends and repurchased approximately 153,000 shares, or about $3.7 million of common stock [19] - The company enhanced financial flexibility by refinancing its credit facility into a new $100 million, 5-year revolving credit facility with Citizens Bank [18] Q&A Session Summary - No questions were posed during the Q&A session, indicating a lack of immediate inquiries from analysts or investors [23][26]

Earnings per Share (EPS) for Q4 2025 stood at $0.31, missing the expected $0.36.Q4 revenue was $57.5 million, below the forecast of $68.68 million.Eastern secured a new $100 million credit facility to strengthen its financial position amidst market challenges.Eastern Company (NASDAQ: EML) recently reported its earnings for the fourth quarter of 2025. The company achieved an earnings per share (EPS) of $0.31, which was below the expected $0.36. Additionally, EML's revenue was $57.5 million, falling short of ...

Financial Performance - Net sales for the year ended January 3, 2026, were $248.97 million, a decrease of 8.7% from $272.75 million in the previous year[195]. - Gross margin decreased to $56.96 million, down 15.2% from $67.27 million year-over-year[195]. - Operating profit fell to $10.67 million, a decline of 47.1% compared to $20.15 million in the prior year[195]. - Net income from continuing operations was $5.97 million, down 54.8% from $13.22 million in the previous year[195]. - The Eastern Company reported a net income of $7.13 million for the year ended January 3, 2026, compared to a net loss of $8.53 million in the previous year[202]. - Income from continuing operations was $5.97 million, a decrease from $13.22 million in the prior year[202]. - The company generated $8.87 million in net cash from operating activities, down from $19.39 million in the previous year[202]. - Earnings per share from continuing operations were $0.98, down from $2.13 year-over-year[195]. Assets and Liabilities - Total assets decreased to $216.68 million from $235.31 million, reflecting a decline of 7.9%[193]. - Total liabilities decreased to $92.03 million from $114.62 million, a reduction of 19.7%[192]. - Cash and cash equivalents decreased to $7.41 million from $14.01 million, a decline of 47.1%[188]. - Total assets of discontinued operations amounted to $5.07 million as of January 3, 2026, with total liabilities at $2.14 million[218]. - The Company has 17 operating leases with a total lease liability of $16.0 million and 8 finance leases with a liability of $4.0 million as of January 3, 2026[243]. Discontinued Operations - The company reported a loss from discontinued operations of $1.17 million, compared to a loss of $21.74 million in the previous year[195]. - The gross margin from discontinued operations was $16,724, significantly lower than $2.15 million in the previous year[216]. - The company incurred a loss from discontinued operations of $1.17 million, compared to a loss of $21.74 million in the prior year[217]. Cash Flow and Dividends - Cash dividends per share remained stable at $0.44[195]. - Cash and cash equivalents at the end of the year were $7.41 million, down from $14.84 million at the beginning of the year[203]. - The Company paid interest of $2,458,000 in 2025, a decrease from $3,224,798 in 2024, indicating improved debt management[270]. Taxation - The U.S. federal statutory tax rate for the year ended January 3, 2026, is $1,887,090, representing 21.0%[284]. - The provision for income taxes and effective tax rate for the same period is $1,853,354, which is 20.6%[285]. - The total cash paid for income taxes, net of refunds, for the year ended January 3, 2026, is $1,924,358[292]. - The balance of unrecognized tax benefits at the end of the year is $399,894, down from $494,358 the previous year[295]. - The company recognized accrued interest related to unrecognized tax benefits amounting to $65,008 as of January 3, 2026[296]. Pension and Benefits - The net periodic benefit cost for the Company's pension benefit plans in fiscal year 2025 is $1,464,582, a slight decrease from $1,492,140 in 2024[305]. - The fair value of plan assets for pension benefit plans increased to $61,094,642 in 2025 from $59,311,220 in 2024[307]. - The accumulated benefit obligation for all defined benefit pension plans is $75,493,395 as of January 3, 2026, down from $75,916,060 in 2024[309]. - The estimated future benefit payments for the Company's pension plans are projected to be $5.4 million in 2026 and a total of $28.4 million from 2031 through 2035[310]. - The Company expects to make cash contributions of approximately $2.8 million to its qualified pension plans in 2026[311]. Stock and Equity - As of January 3, 2026, the Company had 780,962 shares of common stock reserved for future grants under the 2020 Stock Incentive Plan[276]. - Stock-based compensation expense for 2025 was $254,000, significantly lower than $1,030,000 in 2024, reflecting a reduction in stock awards and options granted[275]. - The weighted average shares outstanding decreased from 6,207,754 in 2024 to 6,092,374 in 2025, a reduction of about 1.8%[326]. Segment Performance - Net sales for the Engineered Solutions segment decreased from $272,751,967 in 2024 to $248,970,345 in 2025, representing a decline of about 8.7%[330]. - Gross margin decreased from $67,267,160 in 2024 to $56,958,543 in 2025, a reduction of approximately 15.3%[330]. - Operating profit fell from $20,149,004 in 2024 to $10,673,309 in 2025, a decrease of around 47.1%[330]. Investments - The Company has approximately 31% of available cash located outside the United States in foreign subsidiaries[226]. - The Company has a long-term target allocation of 50% in equities and 50% in fixed income for its pension plan assets, with periodic reviews and rebalancing to maintain these targets[321]. - The Company recorded a loss of $570,097 from designated foreign currency hedge contracts for the twelve months ended January 3, 2026[339].