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The Eastern pany(EML) - 2025 FY - Earnings Call Presentation
2025-06-27 07:59
© 2024 The Eastern Company 1 Ryan Schroeder President and Chief Executive Officer Change agent committed to accelerating operational and financial improvements and drive growth through M&A 2 • 20+ years of experience in manufacturing and leadership roles • Joined Eastern in 2024 • Previously CEO of Plaskolite LLC (2020-2023) and President of IMI Norgren (2016-2020) • Experience in a variety of roles at Parker Hannifin (2003-2016) • MBA University of Minnesota and BA from Michigan State University 2024 Resul ...
June 24, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against NSSC
Prnewswire· 2025-06-17 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud that negatively impacted investors between February 5, 2024, and February 3, 2025 [1][2]. Company Performance - The lawsuit claims that the defendants misled investors regarding Napco's expected growth and the strength of its hardware division, asserting confidence in achieving fiscal 2026 growth projections [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this to reduced sales from two major distributors, which led to a retraction of their long-term 45% EBITDA margin target [2]. - Following the announcement, Napco's stock price plummeted from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [2]. Legal Proceedings - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
The Gross Law Firm Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – NSSC
GlobeNewswire News Room· 2025-06-09 17:31
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Napco Security Technologies, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's growth and hardware sales performance [1][3]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from February 5, 2024, to February 3, 2025, during which Napco allegedly provided investors with optimistic projections about its hardware division's growth [3]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this to reduced sales from two major distributors, which led to a retraction of their long-term 45% EBITDA margin target [3]. - Following the announcement, Napco's stock price plummeted from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [3]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 24, 2025, to potentially become lead plaintiffs and to receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case, and they will be enrolled in a portfolio monitoring system for status updates [4]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 24, 2025 in Napco Security Technologies, Inc. Lawsuit - NSSC
Prnewswire· 2025-06-06 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were impacted by misleading information regarding the company's growth and hardware division performance [2] - Defendants expressed confidence in Napco's ability to meet fiscal 2026 growth projections, which was contradicted by a significant decline in hardware sales reported on February 3, 2025 [2] - Following the announcement of reduced hardware sales and a retraction of the long-term 45% EBITDA margin target, Napco's stock price fell from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
Class Action Filed Against Napco Security Technologies, Inc. (NSSC) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-05-30 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were negatively impacted by misleading statements regarding the company's growth and hardware division performance [2] - Defendants expressed confidence in Napco's ability to meet fiscal 2026 growth projections, which were later contradicted by a significant decline in hardware sales reported on February 3, 2025 [2] - Following the announcement of reduced hardware sales and a retraction of the long-term 45% EBITDA margin target, Napco's stock price plummeted from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
Lost Money on Napco Security Technologies, Inc.(NSSC)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-05-29 09:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Napco Security Technologies, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's growth and hardware sales performance [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth targets based on expected demand for hardware products [1]. - Following the announcement of a significant decline in hardware sales attributed to reduced sales from two major distributors, the company retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this target by the end of fiscal 2026 [1]. Financial Impact - Napco's stock price experienced a dramatic decline from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decrease of approximately 26.62% in just one day following the negative financial results announcement [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by June 24, 2025, to participate in potential recovery efforts [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies, emphasizing the importance of responsible business practices [3].
Why OSI Systems Stock Gained 5% This Week
The Motley Fool· 2025-03-21 22:06
Core Viewpoint - OSI Systems experienced a positive stock performance following its inclusion in Bank of America's Endeavor List, despite facing critical allegations from a short seller regarding its revenue growth and contract fulfillment [1][2][3]. Group 1: Stock Performance - OSI Systems' share price improved by more than 5% after being added to a top picks list by Bank of America [1]. - The inclusion in the Endeavor List, which consists of 15 to 30 small-cap stocks, is seen as a significant achievement for OSI Systems [2]. Group 2: Allegations and Challenges - A report from short seller Culper Research criticized OSI Systems, claiming that most of its recent revenue growth is tied to a single contract with Mexico's Ministry of Defense, which involves supplying vehicle and cargo-screening systems [3]. - The report alleges that OSI Systems has fallen behind on its obligations related to shipping, installation, and product-level issues [3]. - OSI Systems has not yet formally responded to the allegations made by Culper Research [4]. Group 3: Market Reaction - Following the publication of the critical report, OSI Systems' stock declined significantly, indicating investor concern [5]. - Bank of America's decision to include OSI Systems in its list appears to be an effort to restore confidence in the stock amidst troubling allegations [5].