The Eastern Company manufactures and sells industrial hardware, security products, and metal products in the United States and internationally. The Company's Industrial Hardware segment offers passenger restraint locks, slam and draw latches, dead bolt latches, compression latches, cam-type vehicular locks, hinges, tool box locks, light-weight sleeper boxes, school bus door closure hardware, and vents for Class 8 trucks. Its Security Products segment offers electronic and mechanical locking devices for computer, electronics, vending, and gaming industries. In addition, this segment provides coin acceptors and other coin security products for the commercial laundry markets; hardware and accessories for the appliance industry; and printed circuit boards and other electronic assemblies for industrial controls, medical, and military markets. The Company's Metal Products segment offers expansion shells to support the roofs of underground mines; and specialty malleable and ductile iron castings.
Show more

Employee Rating

0More
TypePublic
HQNaugatuck, US
Founded1858
Size (employees)1,189 (est)
Websiteeasterncompany.com
The Eastern Company was founded in 1858 and is headquartered in Naugatuck, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at The Eastern Company

August Vlak

August Vlak

Chief Executive Officer & President
John Sullivan

John Sullivan

Chief Financial Officer & Vice President
Angelo Labbadia

Angelo Labbadia

Chief Operating Officer & Vice President
Show more

The Eastern Company Office Locations

The Eastern Company has an office in Naugatuck
Naugatuck, US (HQ)
112 Bridge St
Show all (1)
Report incorrect company information

The Eastern Company Financials and Metrics

The Eastern Company Revenue

The Eastern Company's revenue was reported to be $204.24 m in FY, 2017 which is a 48.4% increase from the previous period.
USD

Revenue (Q3, 2018)

57.4m

Gross profit (Q3, 2018)

14.2m

Gross profit margin (Q3, 2018), %

24.8%

Net income (Q3, 2018)

3.8m

EBIT (Q3, 2018)

4.7m

Market capitalization (14-Dec-2018)

145.4m

Closing stock price (14-Dec-2018)

23.2

Cash (29-Sep-2018)

11.2m

EV

136.2m
The Eastern Company's current market capitalization is $145.4 m.
Annual
USDFY, 2013FY, 2014FY, 2016FY, 2016FY, 2017

Revenue

142.5m140.8m144.6m137.6m204.2m

Revenue growth, %

(1%)3%(5%)48%

Cost of goods sold

110.3m101.3m154.2m

Gross profit

34.2m36.3m50.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

34.3m35.8m34.8m35.8m36.2m36.9m37.0m33.5m33.1m36.9m36.0m58.0m56.0m59.4m120.3m57.4m

Cost of goods sold

27.0m28.3m27.0m27.2m27.2m29.5m29.1m24.6m26.7m28.3m27.8m44.0m44.1m44.7m90.5m43.1m

Gross profit

7.2m7.5m7.8m8.6m9.0m7.3m7.9m8.9m6.4m8.6m8.3m14.0m11.9m14.7m29.8m14.2m

Gross profit Margin, %

21%21%22%24%25%20%21%26%19%23%23%24%21%25%25%25%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.0m15.8m17.8m22.7m22.3m

Accounts Receivable

18.1m27.1m

Prepaid Expenses

34.0m47.3m

Inventories

30.7m34.4m36.8m34.0m47.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

19.1m18.5m19.4m21.2m13.6m14.1m13.3m21.6m16.7m20.2m23.6m19.1m21.2m16.4m19.0m11.2m

Inventories

30.4m30.3m30.8m30.7m36.5m34.2m34.9m34.1m35.7m34.0m32.5m44.1m45.2m49.0m49.9m51.2m

Current Assets

72.6m71.2m72.2m74.4m72.9m71.3m71.3m77.6m73.5m76.7m78.2m95.9m99.6m99.3m103.2m96.7m

PP&E

25.8m29.3m28.9m29.5m29.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

6.9m7.7m5.7m7.8m5.0m

Depreciation and Amortization

3.8m3.5m3.9m3.8m4.7m

Inventories

(1.4m)(2.8m)(3.1m)2.5m152.1k

Accounts Payable

(254.0k)998.5k1.2m(1.8m)892.4k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.8m1.5m1.7m2.4m2.5m874.0k1.5m2.4m648.1k2.7m1.5m3.0m2.2m3.1m6.4m10.1m

Depreciation and Amortization

1.9m928.1k1.8m955.6k1.5m1.2m2.3m3.5m

Inventories

30.8m30.7m36.5m34.2m(724.4k)34.1m1.3m2.9m1.7m3.2m45.2m(1.5m)(2.7m)(4.7m)

Accounts Payable

8.4m8.6m8.3m8.2m1.1m8.4m(1.3m)236.8k901.5k956.6k15.3m2.3m3.7m2.6m
USDY, 2018

EV/EBIT

28.7 x

EV/CFO

19.2 x

Financial Leverage

1.9 x
Show all financial metrics

The Eastern Company Revenue Breakdown

Embed Graph

The Eastern Company revenue breakdown by business segment: 29.9% from Security Products, 56.4% from Industrial Hardware and 13.7% from Metal Products

The Eastern Company revenue breakdown by geographic segment: 12.8% from Foreign and 87.2% from United States

Report incorrect company information

The Eastern Company News and Updates

Report incorrect company information

The Eastern Company Company Life and Culture

Report incorrect company information

The Eastern Company Frequently Asked Questions

  • When was The Eastern Company founded?

    The Eastern Company was founded in 1858.

  • Who are The Eastern Company key executives?

    The Eastern Company's key executives are August Vlak, John Sullivan and Angelo Labbadia.

  • How many employees does The Eastern Company have?

    The Eastern Company has 1,189 employees.

  • What is The Eastern Company revenue?

    Latest The Eastern Company annual revenue is $204.2 m.

  • What is The Eastern Company revenue per employee?

    Latest The Eastern Company revenue per employee is $171.8 k.

  • Who are The Eastern Company competitors?

    Competitors of The Eastern Company include Hamilton Products Group, Ken Forging and Roper Whitney.

  • Where is The Eastern Company headquarters?

    The Eastern Company headquarters is located at 112 Bridge St, Naugatuck.

  • Where are The Eastern Company offices?

    The Eastern Company has an office in Naugatuck.

  • How many offices does The Eastern Company have?

    The Eastern Company has 1 office.