The Eastern pany(EML)

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Standard Uranium advances uranium projects in Eastern Athabasca Basin - ICYMI
Proactiveinvestors NA· 2025-03-15 13:26
Core Viewpoint - Standard Uranium Ltd is advancing its exploration projects in the Eastern Athabasca Basin through geophysical surveys to de-risk and prepare them for drilling, creating opportunities for potential partners [1][3][11] Project Updates - The company has conducted significant geophysical work on three key projects: Atlantic, Rocas, and Corvo, focusing on making them drill-ready [1][3] - At the Atlantic project, initial drilling revealed promising results, including uranium mineralization and strong alteration [4] - Ground gravity surveys were completed at both Atlantic and Rocas to identify density anomalies associated with uranium mineralization [5][6] Exploration Techniques - The combination of ground gravity surveys and electromagnetic (EM) surveys is utilized to refine drill targets and identify the best drilling locations [6] - Airborne EM surveys were conducted at Corvo to upgrade the project and refine conductive corridors, enhancing its drill-readiness [7][8] Strategic Partnerships - The company aims to bring in partners to further advance its projects, while continuously evaluating land opportunities in the highly staked Athabasca Basin [9] - Over the past year, Standard Uranium has expanded its portfolio by more than 45,000 acres, including acquisitions and expansions at various projects [10] Value Addition - Cost-effective geophysical surveys are conducted to add value to projects, maintain project standing, and secure necessary permits, creating turnkey opportunities for new entrants or partners [11]
Standard Uranium identifies new drill targets at Eastern Athabasca projects
Proactiveinvestors NA· 2025-03-13 12:53
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
The Eastern pany(EML) - 2024 Q4 - Earnings Call Transcript
2025-03-13 01:33
The Eastern Company (NASDAQ:EML) Q4 2024 Earnings Conference Call March 12, 2025 11:00 AM ET Company Participants Marianne Barr - Treasurer Ryan Schroeder - CEO Nicholas Vlahos - CFO Conference Call Participants Ross Davisson - Banneton Capital Operator Good morning, everyone, and welcome to the Eastern Company Fourth Quarter Fiscal Year 2024 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Marianne Barr, Treasurer of th ...
The Eastern pany(EML) - 2024 Q4 - Annual Report
2025-03-11 20:34
Financial Performance - Net sales for the year ended December 28, 2024, increased to $272.75 million, up from $258.86 million in 2023, representing a growth of approximately 5.3%[194] - Gross margin improved to $67.27 million in 2024, compared to $61.77 million in 2023, reflecting an increase of about 8.1%[194] - Operating profit rose to $20.15 million in 2024, up from $17.03 million in 2023, marking an increase of approximately 18.5%[194] - Net income from continuing operations for 2024 was $13.22 million, compared to $11.78 million in 2023, an increase of about 12.2%[196] - The company reported a net loss of $8.53 million for 2024, compared to a net income of $8.59 million in 2023, indicating a significant decline[196] Assets and Liabilities - Total assets decreased to $235.31 million in 2024 from $252.04 million in 2023, a reduction of approximately 6.6%[195] - Current liabilities increased to $44.79 million in 2024, compared to $42.73 million in 2023, reflecting a rise of about 4.8%[192] - The company’s retained earnings decreased to $133.55 million in 2024 from $144.81 million in 2023, a decline of about 7.8%[192] - Total liabilities included a treasury stock purchase of $3,057,841 in 2024, compared to $735,783 in 2023[202] Cash Flow - Cash and cash equivalents rose to $14.01 million in 2024, up from $8.05 million in 2023, representing an increase of approximately 74.1%[191] - Cash provided by operating activities decreased to $19,386,050 in 2024 from $25,543,857 in 2023, reflecting a decline of approximately 24%[202] - Total net cash used in investing activities increased to $7,888,050 in 2024 from $4,641,379 in 2023, indicating a rise of approximately 70%[202] Discontinued Operations - The company experienced a loss from discontinued operations amounting to $21,744,741 in 2024, significantly higher than the loss of $3,195,349 in 2023[213]. - The company reported a gross margin of $2,154,915 from discontinued operations in 2024, down from $3,180,838 in 2023[213]. - Total assets of discontinued operations decreased from $27,468,838 in December 30, 2023 to $5,071,828 in December 28, 2024, reflecting a significant reduction[214] Goodwill and Impairments - The company recognized a goodwill impairment of approximately $12.1 million in the third quarter of 2024 related to discontinued operations[232] - The Company reported a goodwill impairment charge of $12.1 million in 2024, reducing the ending balance of goodwill to $58.5 million[259] Pension and Retirement Plans - The net periodic benefit cost for the Company's pension benefit plans decreased to $1,492,140 in 2024 from $2,000,223 in 2023, representing a reduction of approximately 25.4%[291] - The benefit obligation for the Company's pension plans decreased to $75,916,060 in 2024 from $81,862,011 in 2023, a decline of about 7.3%[298] - The fair value of pension plan assets at the end of 2024 was $59,311,220, down from $60,836,643 in 2023, indicating a decrease of approximately 2.5%[298] Stock and Dividends - Cash dividends per share remained stable at $0.44 for both 2024 and 2023[196] - The Company granted 92,016 stock awards in 2024, up from 82,800 in 2023, showing an increase in employee incentives[269] - Regular matching contributions increased to $1,068,843 in 2024 from $990,993 in 2023, representing an increase of approximately 7.8%[313] Segment Performance - Net sales for the Engineered Solutions segment rose to $272,751,967 in 2024, up from $258,857,380 in 2023, reflecting an increase of approximately 5.4%[316] - Gross margin improved to $67,267,160 in 2024 compared to $61,772,306 in 2023, indicating a growth of about 8.1%[317] - Operating profit increased to $20,149,004 in 2024 from $17,033,224 in 2023, marking a rise of approximately 18.5%[317] Taxation - Total income taxes paid were $5,166,195 in 2024, down from $6,608,084 in 2023[278] - The provision for income taxes for 2024 was $(306,136), reflecting a 4% effective tax rate, compared to $2,406,940 and 22% in 2023[277] Future Plans - The Eastern Company plans to pursue acquisitions in industries outside its current operations if attractive opportunities arise[203] - The Company expects to make cash contributions of approximately $2,900,000 to its qualified pension plans in 2025[299]
The Eastern pany(EML) - 2024 Q4 - Annual Results
2025-03-11 20:34
Financial Performance - Net sales in Q4 2024 increased 4.5% to $66.7 million from $63.8 million in Q4 2023[6] - Full year 2024 net sales rose 5% to $272.8 million compared to $258.9 million in 2023[6] - Net sales for the year ended December 28, 2024, increased to $272.75 million, up from $258.86 million in 2023, representing a growth of approximately 5.3%[26] - Gross margin improved to $67.27 million in 2024, compared to $61.77 million in 2023, reflecting an increase of about 8.1%[26] - Operating profit rose to $20.15 million in 2024, up from $17.03 million in 2023, marking an increase of approximately 18.5%[26] - Net income for FY 2024 increased 12% to $13.2 million, or $2.13 per diluted share, compared to $11.8 million, or $1.88 per diluted share in 2023[10] - Net income from continuing operations increased to $13.22 million in 2024, compared to $11.78 million in 2023, which is a growth of about 12.2%[26] - Basic earnings per share from continuing operations improved to $2.13 in 2024, compared to $1.89 in 2023, reflecting an increase of approximately 12.7%[27] Expenses and Costs - Gross margin for Q4 2024 was 23.0%, down from 26.8% in Q4 2023, primarily due to higher material costs[7] - Selling and administrative expenses in Q4 2024 increased 11.0% to 16.8% of net sales compared to 15.8% in Q4 2023[8] - Adjusted EBITDA for FY 2024 was $27.1 million, compared to $25.4 million in FY 2023[11] - Adjusted EBITDA from continuing operations for Q4 2024 was $5,725,000, a decrease of 17.4% compared to $6,934,000 in Q4 2023[34] - Total adjusted EBITDA for the twelve months ended December 28, 2024, was $27,052,000, representing an increase of 6.3% from $25,445,000 in the previous year[34] - Interest expense for the twelve months ended December 28, 2024, totaled $2,721,000, a decrease of 3.0% from $2,805,000 in the previous year[34] - The provision for income taxes for Q4 2024 was $466,000, a decrease of 42.5% compared to $812,000 in Q4 2023[34] - Depreciation and amortization for the twelve months ended December 28, 2024, was $5,888,000, an increase of 9.7% from $5,367,000 in the previous year[34] Cash Flow and Assets - Cash and cash equivalents at the end of the year rose to $14.84 million in 2024, up from $8.30 million in 2023, indicating an increase of about 78.5%[32] - Net cash provided by operating activities was $19.39 million in 2024, down from $25.54 million in 2023, a decrease of approximately 24%[32] - Total assets decreased to $235.31 million in 2024 from $252.04 million in 2023, a decline of about 6.6%[30] - Current liabilities increased to $44.79 million in 2024, compared to $42.73 million in 2023, representing a rise of approximately 4.8%[31] Shareholder Actions - The company repurchased 39,337 shares of common stock during Q4 2024 under its share repurchase program[12] Strategic Initiatives - The company aims to enhance operational efficiency and market share through a focused commercial strategy and new leadership[4] Backlog and Discontinued Operations - Backlog as of December 28, 2024, was $89.2 million, up from $77.1 million as of December 30, 2023[9] - Net loss from discontinued operations for the twelve months ended December 28, 2024, was $(21,745,000), compared to a loss of $(3,195,000) in the previous year[34] - Adjusted EBITDA from discontinued operations for the twelve months ended December 30, 2023, was $(758,000), a significant decrease from $157,000 in the previous year[35] - The company reported a net income (loss) of $(8,529,000) for the twelve months ended December 30, 2023, compared to a net income of $8,585,000 in the previous year[35]
Aftermath Silver Reports 156m From Surface of 290g/t Ag, 1.12% Cu and 7.3% Mn In Eastern Zone Step Out
Newsfile· 2025-02-27 13:30
Aftermath Silver Reports 156m From Surface of 290g/t Ag, 1.12% Cu and 7.3% Mn In Eastern Zone Step OutFebruary 27, 2025 8:30 AM EST | Source: Aftermath Silver Ltd.Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide additional assay results from the Phase 2 diamond drill program at the Berenguela silver-copper-manganese deposit located in the Department of Puno in souther ...
Parker Scheduled to Present at Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025 at 11:35 a.m. Eastern Time
GlobeNewswire News Room· 2025-02-24 22:30
Company Overview - Parker Hannifin Corporation is a global leader in motion and control technologies, recognized as a Fortune 250 company [2] - The company has a long-standing history of enabling engineering breakthroughs for over a century [2] Financial Performance - Parker Hannifin has increased its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2] Upcoming Events - The company is scheduled to present at Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025, at 11:35 a.m. Eastern time [1] - A live webcast of the presentation will be available on Parker's investor information website and will be archived for future access [1]
Canada Nickel Closes Previously Announced Definitive Agreement for Creation of 'ExploreCo' with Spin-out of Eastern Exploration Properties
Prnewswire· 2025-02-24 11:45
Core Points - Canada Nickel Company Inc. has closed a definitive agreement with Noble Mineral Exploration Inc. for the consolidation of their joint venture in Mann Township and other exploration projects into a new entity named East Timmins Nickel Ltd. [1] - East Timmins is a private company with 80% ownership by Canada Nickel and 20% by Noble, and Canada Nickel issued 162,000 common shares to Noble as part of the transaction [1] - The transaction is subject to final approval from the TSX Venture Exchange [1] Company Overview - Canada Nickel is focused on advancing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless-steel markets [2] - The company is pursuing the development of processes for producing net zero carbon nickel, cobalt, and iron products, and has applied for trademarks for NetZero NickelTM, NetZero CobaltTM, and NetZero IronTM [2] - Canada Nickel's flagship project is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in the Timmins-Cochrane mining camp [2]
Eastern Bankshares: Emerging As A Stronger Bank
Seeking Alpha· 2025-01-24 20:32
Core Viewpoint - BAD BEAT Investing, led by Quad 7 Capital, emphasizes a strategic approach to trading, focusing on both long and short positions while educating investors on market dynamics and trading proficiency [1][2]. Group 1: Company Overview - Quad 7 Capital consists of a team of 7 analysts with diverse expertise in business, policy, economics, mathematics, game theory, and sciences [1]. - The company has been operational for nearly 12 years and is recognized for its significant market calls, including a notable recommendation in February 2020 to sell everything and go short [1]. - Since May 2020, the company has maintained an average position of 95% long and 5% short [1]. Group 2: Investment Strategy - BAD BEAT Investing focuses on short- and medium-term investments, income generation, special situations, and momentum trades [1]. - The company aims to provide high-quality research with clear entry and exit targets, thereby saving investors time [1]. Group 3: Educational Benefits - Investors can learn to navigate market fluctuations through the company's educational resources, which include well-researched trade ideas shared weekly [2]. - The company offers access to 4 chat rooms, daily analyst upgrade/downgrade summaries, and basic options trading education [2]. - Extensive trading tools are provided to enhance the trading experience for investors [2].
Standard Uranium Acquires Umbra and Sable Uranium Projects and Completes Geophysical Surveys on Rocas and Atlantic Projects, Eastern Athabasca Basin, Saskatchewan
Newsfile· 2025-01-16 12:00
Core Viewpoint - Standard Uranium Ltd. has acquired the Umbra and Sable uranium projects in the eastern Athabasca Basin, enhancing its portfolio and providing opportunities for joint ventures and land deals [1][3][8] Group 1: Project Acquisitions - The Umbra project covers 3,680 hectares and is located 19 km WNW of the McArthur River Mine, targeting high-grade uranium mineralization [4][8] - The Sable project spans 1,590 hectares, located 35 km NW of the Cigar Lake uranium mine, with potential for high-grade unconformity-related uranium mineralization [6][8] Group 2: Geophysical Surveys - High-resolution ground gravity surveys have been completed on the Atlantic and Rocas projects, aimed at identifying zones of hydrothermal alteration and upgrading existing drill targets [2][9] - The surveys are designed to assist in identifying potential zones associated with uranium mineralization, enhancing future exploration efforts [9][11] Group 3: Exploration Potential - Both the Umbra and Sable projects are considered prospective for high-grade uranium mineralization, with modern geophysical surveying and historical data analysis expected to yield further insights [8][19] - The Umbra project features targets along electromagnetic conductors and resistivity low bullseyes, while the Sable project covers two conductive zones with potential for high-grade mineralization [3][4][6] Group 4: Company Overview - Standard Uranium holds interests in over 233,455 acres (94,476 hectares) in the Athabasca Basin, focusing on the identification and exploration of uranium targets [17][19] - The company is positioned as an emerging project generator in one of the world's richest uranium districts, with ongoing efforts to discover and develop uranium resources [17][18]