The Eastern pany(EML)
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Delota Announces Retail Partnership in Eastern Canada
Newsfile· 2025-07-07 21:00
Core Insights - Delota Corp has announced a retail partnership with 180 Global for the licensing of its 180 Smoke brand for online sales of vape products in Eastern Canada [1][2] - The partnership is expected to lead to a reduction in reported revenues and expenses as operational functions transition from Delota's subsidiary to 180 Global [2] - Delota aims to enhance profitability in the Regional Markets through this partnership, which may positively impact future financial results [2] Company Overview - Delota Corp is the largest omni-channel specialty vape retailer in Ontario, with ambitions to expand nationally [3] - The company's growth strategy includes expanding its retail footprint, strengthening its e-commerce platform, and pursuing strategic mergers and acquisitions [3] - Delota currently has over 280,000 registered customer accounts, indicating a strong customer base [3]
Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit
Newsfile· 2025-07-03 11:00
Core Viewpoint - Goldshore Resources Inc. has reported positive assay results from its recent drilling program at the Moss Gold Project, indicating significant gold mineralization and supporting the potential for resource expansion and rapid payback in early mining years [1][2][5]. Group 1: Drilling Results - The completed 20,000-meter drill program targeted the eastern side of the QES zone, confirming thickening of mineralization and its orientation [1]. - Significant intercepts include: - 42.7 meters of 1.09 g/t Au from 241.6 meters in hole MQD-25-155, with notable inclusions of 20.0 meters of 1.77 g/t Au and 2.3 meters of 1.98 g/t Au [5][11]. - 31.9 meters of 0.95 g/t Au from 231.2 meters in hole MQD-25-157, including 15.1 meters of 1.53 g/t Au [5][11]. - Both holes confirmed near-surface extensions of deeper marginal shears along the northern edge of the QES Zone, with some shears returning higher grade mineralization closer to the surface [5][11]. Group 2: Future Plans - The successful winter drilling program sets the stage for a new 50,000-meter drill program, which will focus on further resource expansion (29,000 meters) and grade control drilling (21,000 meters) [2]. - The infill drill program is planned for 2026, aimed at enhancing the resource estimate and supporting future mining operations [2]. Group 3: Company Overview - Goldshore is focused on delivering long-term shareholder value through the acquisition and advancement of primary gold assets, with the Moss Gold Project being a key asset [26]. - The company has invested over $75 million and completed approximately 100,000 meters of drilling at the Moss Gold Project, which has an updated mineral resource estimate of 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [26].
The Eastern pany(EML) - 2025 FY - Earnings Call Presentation
2025-06-27 07:59
Financial Performance - Net sales increased from $258857380 in 2023 to $272751967 in 2024[5] - Gross margin increased from $61772306 in 2023 to $67267160 in 2024[5] - Operating profit increased from $17033224 in 2023 to $20149004 in 2024[5] - Net income from continuing operations increased from $11780351 in 2023 to $13215524 in 2024[5] - Net loss was $(8529217) in 2024, compared to net income of $8585002 in 2023, impacted by discontinued operations[5] Strategic Focus - The company is committed to accelerating operational and financial improvements and driving growth through M&A[3] - The company aims to perform in the top decile of their respective markets, improving customer outcomes, margin, and profit expansion[6] - Key initiatives include strategic growth, operational focus, Big 3 transformation, cost discipline, aggressive tariff management, and nimble supply chains[25, 26, 27] Business Segment Initiatives - Eberhard focuses on commercial initiatives, new product development, and a nimble supply chain[16] - Velvac prioritizes vertical integration, aftermarket expansion, and a nimble supply chain[20] - Big 3 focuses on business rationalization, operational efficiency improvements, and commercial growth initiatives[23]
Standard Uranium Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project, Eastern Athabasca Basin
Newsfile· 2025-06-05 11:30
Core Viewpoint - Standard Uranium Ltd. has contracted Axiom Exploration Group to complete a NI 43-101 Technical Report on the Corvo Uranium Project, which is expected to provide a comprehensive update and valuable insights for future exploration programs [1][3]. Group 1: Project Overview - The Corvo Uranium Project is located along the eastern margin of the Athabasca Basin in northern Saskatchewan, Canada, and is currently under a three-year earn-in option agreement with Aventis Energy Inc. [1]. - The report will compile historical data, newly acquired TDEM data, and sampling information from 2025 programs to guide future exploration efforts [3]. Group 2: Historical Data and Mineralization - Historical drill holes at Corvo have intersected multiple intervals of uranium mineralization, with notable results including 0.116% U3O8 over 1.05 meters and 0.065% U3O8 over 0.15 meters [4]. - High-grade uranium has been recorded at surface showings, such as the Manhattan showing with grades ranging from 1.19% to 5.98% U3O8 and the SMDI showing 2052 with 0.137% U3O8 and 2,300 ppm Th [4][6]. Group 3: Future Exploration Plans - The company is preparing for its first ground-truth exploration program on Corvo in the summer of 2025, indicating a proactive approach to advancing the project [5]. - The Corvo Project is considered highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization, similar to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone [6].
Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin
Newsfile· 2025-05-20 10:30
Core Viewpoint - Purepoint Uranium Group Inc. is mobilizing for a summer uranium drill program at its Dorado Project, with drilling set to begin on May 26, 2025, targeting high-priority electromagnetic conductors for uranium mineralization in the underexplored Dorado Graphitic Domain [1][7]. Company Overview - Purepoint Uranium Group Inc. operates in the Athabasca Basin, focusing on uranium exploration and has a joint venture with IsoEnergy, covering over 98,000 hectares of exploration ground [10][14]. - The Dorado Project includes former properties such as Turnor Lake, Geiger, Edge, and Full Moon, which are underlain by graphite-bearing lithologies favorable for uranium deposition [10]. Project Details - The Dorado Project features over 150 kilometers of discreet electromagnetic conductors within the Dorado Graphitic Domain, which is part of a highly prospective structural corridor hosting multiple high-grade uranium deposits, including IsoEnergy's Hurricane Deposit [2][5]. - The 2025 drill campaign will consist of approximately 5,400 meters across 18 holes, focusing on high-priority EM conductors [3][7]. Initial Drilling Focus - The initial drilling will target the southern portion of the project area along the Q2 conductor, specifically testing a zone northeast of historic drill holes HL-50 and HL-76, which previously intersected uranium mineralization [6][8]. Recent Developments - Recent drilling by IsoEnergy near the Hurricane Deposit has confirmed elevated radioactivity, indicating the continuity of fertile graphitic rock packages and highlighting the potential for additional high-grade discoveries in the region [11]. - Results from the recently completed Smart Lake Joint Venture drill program are under review and will be released shortly, indicating ongoing exploration activities [7][13].
EML Q1 Earnings Dip Y/Y Amid Truck Market Headwinds, Stock Up 9%
ZACKS· 2025-05-12 17:35
Core Insights - The Eastern Company (EML) experienced a 9.4% increase in share price following its earnings report for the quarter ended March 29, 2025, outperforming the S&P 500 index, which declined by 0.2% during the same period [1] Financial Performance - The company reported first-quarter 2025 earnings per share from continuing operations of 31 cents, a decrease from 34 cents a year earlier, while adjusted earnings per share fell to 32 cents from 34 cents [2] - Net sales from continuing operations were $63.3 million, reflecting a 2% decrease compared to $64.6 million in the prior year [2] - Adjusted EBITDA declined to $4.6 million from $4.8 million year-over-year, attributed to market headwinds, particularly in the heavy-duty truck segment [2] Key Business Metrics - Gross margin for the quarter was 22.4%, down from 23.9% in the same quarter last year, primarily due to higher raw material costs [3] - Selling, general and administrative (SG&A) expenses decreased by $0.8 million, or 8%, to $9.8 million, driven by lower payroll-related expenses [3] - SG&A costs as a percentage of net sales improved to 15.6% from 16.5% in the prior-year period [3] Income and Cash Flow - Operating income was $3.2 million, slightly lower than $3.4 million in the prior year, while net income from continuing operations was $1.9 million compared to $2.1 million a year ago [4] - The company used $1.8 million in operating activities, down from a positive $2.8 million in the prior year, reflecting significant changes in working capital [4] Management Commentary - CEO Ryan Schroeder described the first quarter as a period of "significant change," focusing on sales growth, cost reduction, and operational efficiency amid a challenging macroeconomic environment [5] - The company aims to remain agile, defend margins, and explore acquisition opportunities [5] Strategic Developments - The board authorized a new share repurchase program to buy back up to 400,000 shares over the next five years, doubling the size of the recently completed program [6] - Revenue decline was primarily due to lower sales in truck mirror assemblies and accessories, partially offset by stronger demand in returnable transport packaging products [7] - The company completed the divestiture of Big 3 Mold's injection stretch blow molding unit, expected to enhance efficiency and lower operating costs [9]
Standard Uranium Announces Signing of Definitive Agreement to Option Corvo Project in Eastern Athabasca Basin
Newsfile· 2025-05-09 11:30
Standard Uranium Announces Signing of Definitive Agreement to Option Corvo Project in Eastern Athabasca BasinMay 09, 2025 7:30 AM EDT | Source: Standard Uranium Ltd.Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a definitive property option agreement (the "Option Agreement"), dated May 8, 2025, with Vital Battery Metals Inc. (CSE: VBAM) (O ...
Alliance Entertainment to Host Third Quarter Fiscal Year 2025 Results Conference Call on May 15 at 4:30 p.m. Eastern Time
GlobeNewswire News Room· 2025-05-08 20:51
Company Overview - Alliance Entertainment Holding Corporation (NASDAQ: AENT) is a leading distributor and fulfillment partner in the entertainment and pop culture collectibles industry, offering over 325,000 unique in-stock SKUs, including more than 57,300 exclusive titles across various formats [4] Upcoming Conference Call - The company will hold a conference call on May 15, 2025, at 4:30 p.m. Eastern Time to discuss its third-quarter results for the period ended March 31, 2025 [1][2] - The call will be hosted by CEO Jeff Walker and CFO Amanda Gnecco, followed by a question-and-answer session [2] - A presentation will accompany the call, available during the webcast or via the investor relations section of the company's website [2] Access Information - To access the conference call, participants can use the toll-free dial-in number 1-877-407-0784 or the international dial-in number 1-201-689-8560, with a conference ID of 13753860 [2] - A live broadcast of the call will be available, along with a replay accessible for three hours after the call concludes, lasting until July 15, 2025 [3] Industry Position - Alliance Entertainment serves over 35,000 retail locations and provides e-commerce fulfillment for leading retailers, leveraging its extensive catalog and operational expertise [4] - The company connects collectors and fans to a wide range of products, franchises, and experiences across different formats and generations [4]
The Eastern pany(EML) - 2025 Q1 - Earnings Call Transcript
2025-05-07 14:02
Financial Data and Key Metrics Changes - Revenues for the first quarter of fiscal year 2025 were $63.3 million, a slight decrease from $64.6 million in Q1 2024, representing a 2% decline [5][9] - EBITDA for the quarter was reported at $4.8 million, with earnings per share at $0.31, closely aligning with expectations [5] - Gross margin as a percentage of net sales decreased to 22.4% from 23.9% in the prior year, primarily due to higher raw material costs [10] - Net income from continuing operations was $1.9 million or $0.31 per diluted share, down from $2.1 million or $0.34 per diluted share in the previous year [11] - Adjusted net income from continuing operations was $2 million or $0.32 per diluted share, compared to $2.1 million or $0.34 per diluted share for the prior year [11] Business Line Data and Key Metrics Changes - The decline in net sales was attributed to decreased sales of truck mirror assemblies and truck accessories, offset by increased sales of returnable transport packaging products [9] - The backlog as of March 29, 2025, decreased by 9% to $85.9 million compared to $94 million as of March 30, 2024, driven by decreased orders across several product lines [9][10] - Selling, general, and administrative expenses decreased by $800,000 or 8% compared to the previous year, mainly due to lower payroll-related expenses [10] Market Data and Key Metrics Changes - The medium and heavy-duty truck markets have experienced significant impacts, with a noted softness in build rates expected to continue [18] - The returnable packaging market, particularly in the automotive segment, has been quiet, with a potential for pent-up demand as production shifts back to the U.S. [28][31] Company Strategy and Development Direction - The company plans to enhance strategic growth plans, eliminate bureaucracy, and optimize cash flow in 2025 [8] - Key initiatives include a focus on new product development and maintaining a nimble supply chain to adapt to market changes [17][20] - The company is also prioritizing mergers and acquisitions, with a disciplined approach to potential deals in 2025 and beyond [40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the marketplace but expressed confidence in the company's positioning to capitalize on future demand [5][29] - The leadership team is focused on cost discipline and operational efficiency amid uncertain market conditions [39] - The company is actively managing tariff impacts and has been able to neutralize some of the effects thus far [40] Other Important Information - The company completed a share buyback program of 200,000 shares and has authorized an additional program for 400,000 shares [12] - Capital expenditures for the quarter were $800,000, and dividends paid amounted to $700,000 [12] Q&A Session Summary Question: Outlook for returnable packaging business - Management indicated that the returnable packaging market is currently quiet, particularly in automotive, but believes they are well-positioned to respond to any future demand shifts [28][29] Question: Gross margin expectations - Management noted that the lower gross margin is partly due to sales mix and expects higher-margin products to gain better market velocity, which could support margin improvement [32][33]
The Eastern pany(EML) - 2025 Q1 - Earnings Call Transcript
2025-05-07 14:00
Financial Data and Key Metrics Changes - Revenues for the first quarter of 2025 were $63.3 million, a slight decrease from $64.6 million in Q1 2024, representing a 2% decline [5][10] - EBITDA for the quarter was $4.8 million, with earnings per share at $0.31, close to expectations [5] - Gross margin as a percentage of net sales decreased to 22.4% from 23.9% in the prior year, primarily due to higher raw material costs [11] - Net income from continuing operations was $1.9 million or $0.31 per diluted share, down from $2.1 million or $0.34 per diluted share in the previous year [12] - Adjusted net income from continuing operations was $2 million or $0.32 per diluted share, compared to $2.1 million or $0.34 per diluted share for the prior year [12] - Senior net leverage ratio increased to 1.45 from 1.23 at the end of 2024 [13] Business Line Data and Key Metrics Changes - The decline in net sales was primarily due to decreased sales of truck mirror assemblies and truck accessories, offset by increased sales of returnable transport packaging products [10] - The backlog decreased by 9% to $85.9 million compared to $94 million in the previous year, driven by decreased orders in several product categories [10] Market Data and Key Metrics Changes - The medium and heavy-duty truck markets have experienced significant impacts, with a noted softness in build rates expected to continue [19] - The returnable packaging market, particularly in the automotive segment, has been quiet, with a potential for pent-up demand as production shifts back to the U.S. [29][32] Company Strategy and Development Direction - The company plans to enhance strategic growth plans, eliminate bureaucracy, and optimize cash flow in 2025 [8] - Key initiatives include a focus on new product development and a nimble supply chain to adapt to market changes [18][21] - The company is also prioritizing mergers and acquisitions, with a disciplined approach to potential deals [41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the marketplace but expressed optimism about the company's positioning and future growth opportunities [5][39] - The company is actively managing tariff impacts and has been able to neutralize some of the effects thus far [40] - There is a belief that the company is currently in a trough and expects a recovery as customers begin to move forward with their programs [30] Other Important Information - The company completed a share buyback program of 200,000 shares and has authorized an additional program for 400,000 shares [6][13] - Leadership transitions have been completed, with a new board member joining who has significant industry experience [7] Q&A Session Summary Question: Outlook for returnable packaging business - Management noted a quiet market in returnable packaging, particularly in automotive, but believes they are well-positioned to capitalize on any future demand as production shifts back to the U.S. [29][30] Question: Gross margin expectations - Management indicated that while gross margins are currently lower, they expect to improve margins through better sales mix and cost management [33][34]