First question. How much of today's backlog reflects the old pricing versus current renegotiated pricing? Mark Hernandez So approximately 80% of our current backlog reflects our new pricing strategy. Second question. There were a lot of moving parts in the income statement in the second quarter. Should we expect more of the same in Q3? And the third question from the web. EV impact on commercial trucking. Overall, is it good or bad? I'm not seeing any other questions via the webcast. So operator, I'll turn ...

Conference Call Participants We issued an earnings press release yesterday after the market closed. If anyone has not yet seen the release, I invite you to visit the Investors section of the companyÂ's website, www.easterncompany.com, where you will find the release under Financial News. Nicholas Vlahos - Chief Financial Officer Operator Company Participants Please note, this conference is being recorded. I will now turn the conference over to your host, Mr. Ernie Hawkins. Sir, you may begin. The Eastern Co ...

The Eastern Company (NASDAQ:EML) Q4 2022 Earnings Conference Call March 15, 2023 11:00 AM ET Company Participants Ernie Hawkins - Corporate Controller Mark Hernandez - President and Chief Executive Officer Nicholas Vlahos - Chief Financial Officer Conference Call Participants Ross Davisson - Banneton Capital Operator Greetings, and welcome to The Eastern Company's Fourth Quarter Fiscal Year 2022 Earnings Call. At this time, all participants are in a listen-only mode, and a question-and-answer session will f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to _______________ Commission File Number 001-35383 THE EASTERN COMPANY (Exact name of registrant as specified in its charter) Connecticut 06-0330 ...

The Eastern Company (NASDAQ:EML) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Nicholas Vlahos - VP of Finance, Treasurer, & Secretary August Vlak - President and Chief Executive Officer Peter O'Hara - Chief Financial Officer Conference Call Participants Ross Davidson - Benetton Capital Operator Good morning, ladies and gentlemen, and welcome to the Eastern Company's Third Quarter Fiscal Year 2022 Earnings Call. At this time all participantsÂ' have been placed on a liste ...

The Eastern Company (NASDAQ:EML) Q2 2022 Earnings Conference Call August 8, 2022 11:00 AM ET Company Participants Nicholas Vlahos - VP of Finance, Treasurer, & Secretary Gus Vlak - CEO Peter O'Hara - CFO Conference Call Participants David Cohen - Minerva Advisors Operator Good day, ladies and gentlemen, and welcome to the Second Quarter Fiscal Year 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode. And the floor will be opened for questions and comments after the pres ...

The Eastern Company (NASDAQ:EML) Q1 2022 Results Conference Call May 10, 2022 11:00 AM ET Company Participants Chris Moulton - Head, Corporate Development Gus Vlak - Chief Executive Officer Peter O'Hara - Chief Financial Officer John Sullivan - VP & Retiring CFO Operator Good day, ladies and gentlemen, and welcome to The Eastern Company First Quarter Fiscal Year 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode. And the floor will be opened for questions and comments ...

The Eastern Company (NASDAQ:EML) Q4 2021 Earnings Conference Call March 18, 2022 11:00 AM ET Company Participants August M. Vlak - President and Chief Executive Officer John L. Sullivan III - Chief Financial Officer and Vice President Christopher Moulton - Head, Corporate Development Conference Call Participants Miles Jennings - Private Investor Operator Good day, ladies and gentlemen, and welcome to The Eastern Company. Fourth Quarter Fiscal Year 2021 earnings call. At this time, all participants have been ...

The Eastern Company (NASDAQ:EML) Q2 2021 Earnings Conference Call August 16, 2021 11:00 AM ET Company Participants Chris Moulton - Head, Corporate Development Gus Vlak - President and Chief Executive Officer John Sullivan - Chief Financial Officer Operator Good day, ladies and gentlemen and welcome to the Eastern CompanyÂ's Second Quarter Fiscal Year 2021 Earnings Call. [Operator Instructions] At this time, it is my pleasure to turn the floor over to your host, Chris Moulton, Head of Corporate Development. ...

Financial Data and Key Metrics Changes - The company reported net sales of $73.1 million for Q1 2021, a 12% increase from $65.3 million in Q1 2020, marking the highest sales in its 163-year history [14][6] - Net income for Q1 2021 was $5.8 million or $0.93 per diluted share, compared to $2.9 million or $0.46 per diluted share in Q1 2020 [19] - Adjusted EBITDA for Q1 2021 was approximately $10.6 million, with an adjusted figure of $8.7 million after accounting for a gain from the sale of the Eberhard Hardware facility [20] Business Line Data and Key Metrics Changes - The Engineered Solutions segment saw a 19% increase in net sales to $61.8 million, driven by demand for truck accessories and automotive products [14] - The Diversified Products segment experienced a 16% decrease in sales to $11.3 million, attributed to the sale of certain businesses and lower demand for commercial laundry products [15] - Sales of existing products increased by 5%, with price increases and new products contributing an additional 7% to net sales [16] Market Data and Key Metrics Changes - Class 8 truck orders in March 2021 reached 40,000 units, a fourfold increase from March 2020, indicating strong demand in the commercial vehicle market [8] - North America Class 8 production is expected to be about 302,000 units in 2021, a 40% increase over the previous year [9] Company Strategy and Development Direction - The company aims to focus on its three core businesses: Big 3 Precision, Eberhard, and Velvac, to drive sales, earnings, and cash flow growth throughout 2021 and beyond [27] - The company is committed to reducing debt and pursuing bolt-on acquisition opportunities to accelerate growth [28] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding ongoing supply chain challenges and raw material price volatility, which are expected to persist throughout the year [26] - The backlog of orders at the end of Q1 2021 was $98 million, a 15% increase from $85 million at the end of fiscal 2020, reflecting strong demand for truck accessories and tooling products [24] Other Important Information - Gross margin as a percentage of sales increased to 24% in Q1 2021 from 22% in Q1 2020, aided by higher sales and successful cost pass-throughs [17] - Cash flow from operations was strong at $2.1 million, a 40% increase over Q1 2020, despite a $4 million increase in working capital [20] Q&A Session Summary - There were no questions from participants during the Q&A session [22][29]