Eastern Company (the) · NASDAQ:EML
Eastern Company (the) — The Eastern Company — Investor Presentation (June 2025)
25 slides from Eastern Company (the)'s investor presentation, June 2025
Slide 1: Investor Presentation
The Eastern Company Investor Presentation Continuous Quarterly Dividends Since 1940 | NASDAQ: EML
Slide 2: Important Disclosures
Important Disclosures Forward-Looking Statements Statements contained in this investor presentation that are not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the
Slide 3: Agenda
Agenda o The Eastern Company o Portfolio of Success o Company Leadership o Three Key Strategic Initiatives o Commitment to Action o Our Path Forward o Thank You INVESTOR PRESENTATION 3
Slide 4: 2024 Results
2024 Results Our Mission: We strategically manage a portfolio of high-performing industrial manufacturing Revenue businesses, driving innovation and top-tier results. With disciplined capital allocation, visionary $286M +4.8% YoY leadership, and a strong track record of shareholder returns, we are p
Slide 5: Portfolio of Successful Businesses
Portfolio of Successful Businesses Global manufacturer Innovator in vision Leading provider of and designer of systems and engineered turn-key access hardware components to packaging as well as systems, providing truck, recreational blow mold and custom-engineered and specialty vehicle injection blo
Slide 6: Eberhard
Eberhard Designs, engineers and manufactures a wide range of security hardware such as latches, locks, hinges, handles and related components for industrial, vehicular, military and specialty applications. Revenue by Market Manufacturing Capabilities Key 2025 Initiatives Other Electromechanical Solu
Slide 7: Velvac
Velvac Designs, manufactures and supplies vision systems, mirrors and a broad range of components and accessories for medium & heavy-duty CVs, RVs and SVs Revenue by Market Manufacturing Capabilities Key 2025 Initiatives Other Vertical Integration Infrastructure Development 8% Aftermarket Extensive
Slide 8: Big 3
Big 3 Designs, manufactures and delivers turnkey, innovative and sustainable packaging and material handling solutions Revenue by Market Manufacturing Capabilities Key 2025 Initiatives Other 4% Rack Fabrication and Design Business Rationalization Blow Molding 22% Racks 37% Cradle-to-grave Thermoform
Slide 9: The Eastern Company Leadership
The Eastern 20+ years of experience in Company manufacturing and leadership roles Leadership Joined Eastern in 2024 Team Previously CEO of Plaskolite LLC (2020-2023) and President of IMI Norgren (2016-2020) Change agent committed to accelerating Experience in a variety of management roles at Parker
Slide 10: The Eastern Company Leadership
The Eastern Company Leadership Team NICHOLAS VLAHOS ZACHARY GORNY Strong, empowered Vice President & President, Chief Financial Officer Eberhard Manufacturing leaders with years of success across multiple 20+ years of finance and business experience 20+ years of experience in manufacturing Previousl
Slide 11: The Eastern Company Leadership
The Eastern Company Leadership Team DAN MCGREW EMILIO RUFFOLO Strong, empowered President & CEO, President, Velvac Big 3 Precision Products leaders with years of success across multiple 30+ years of experience in manufacturing and 20+ years of experience in manufacturing leadership roles in US, Mexi
Slide 12: Three Strategic Initiatives to Propel Eastern into the Future
Three Strategic Initiatives to Propel Eastern into the Future 1 2 3 Commercial Value-Adding Mergers Operating Efficiency Excellence & Acquisitions & Continuous Improvement Empowering expert, focused leadership to build high-performing teams and drive long-term shareholder value
Slide 13: Strategic Initiatives
Strategic Initiatives Commercial Operating Efficiency Value-Adding Excellence & Continuous Mergers & Improvement Acquisitions • Increase market share within • Leverage market expertise to • Standardize and streamline existing markets through strategically expand our product key operational processes
Slide 14: Commitment to Action
Commitment to Action December 2024 February 2025 March 2025 April 2025 May 2025 Evaluated and Consolidated Long-Term 5-year Product Reduction in Recruited New Rack Plans Launched Roadmaps Workforce Leadership at Big 3 Manufacturing Actions for Each Company Initiated Announced Precision Footprint Pro
Slide 15: Financial Improvements – 2024 YoY Comparison
Financial Improvements – 2024 YoY Comparison Inventory Adjusted EPS* $60 2.50 $58.4 2.29 Net cash provided by 2.25 Millions 2.14 operating activities $56 $55.2 2.00 $19.3M $52 1.75 Inventory down 5% 12/30/2023 12/28/2024 12/30/2023 12/28/2024 versus year-end 2023 Long-term Debt Gross Margin % Long-t
Slide 16: Our Path Forward: Relentless Execution for Top-Decile Performance
Our Path Forward: Relentless Execution for Top-Decile Performance Cost Discipline: Aggressively driving cost reductions As we look ahead, our unwavering focus across every area of our business to protect margins and remains on operational excellence, enhance value. adaptability and strategic growth.
Slide 17: Appendix
June 2025 – Investor Presentation Appendix
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures Note Regarding Non-GAAP Financial Information This presentation includes certain non-GAAP financial measures. The non-GAAP financial measures we provide in this report should be viewed in addition to, and not as an alternative for, results prepared in accordance with U.S.
Slide 19: Top Ten Institutional Stockholders
Top Ten Institutional Stockholders Institution EML Shares % S/O 1 Gabelli Funds 662,419 10.8% 2 Barington Companies Investors LLC 630,100 10.3% 3 Minerva Advisors LLC 507,487 8.3% 4 Dimensional Fund Advisors LP 395,525 6.5% 5 The Vanguard Group, Inc. 290,933 4.8% 6 Russell Investment Management LLC
Slide 20: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED STATEMENTS OF INCOME $ in millions (except per share data) Three Months Ended March 29, 2025 March 30, 2024 Net sales $ 63.3 $ 64.6 Gross margin 14.2 15.5 Product development expense (1.1) (1.4) Selling and administrative expenses (9.8) (10.7) Operating pro
Slide 21: Strong Balance Sheet and Continued Focus on Covenants
Strong Balance Sheet and Continued Focus on Covenants CONSOLIDATED BALANCE SHEETS $ in millions Bank Covenant Metrics March 29, 2025 March 30, 2024 (unaudited) Current Assets Leverage Ratio Cash and cash equivalents $ 7.9 $ 14.0 Marketable Securities 2.3 2.1 3 2.5x Accounts receivable, net 33.5 35.5
Slide 22: 2025 Q1 Adjusted EBITDA Walk
2025 Q1 Adjusted EBITDA Walk $ in millions Three Months Ended March 29, 2025 March 30, 2024 Net income from continuing operations as reported per generally accepted accounting principles (GAAP) 1.9 2.1 Interest expense 0.6 0.7 Provision for income taxes 0.5 0.6 Depreciation and amortization 1.5 1.4
Slide 23: Adjusted Earnings Per Share Walk
Adjusted Earnings Per Share Walk $ in millions (except earnings per share) Three Months Ended March 29, 2025 March 30, 2024 Net income from continuing operations as reported per generally accepted accounting principles (GAAP) $ 1.9 $ 2.1 Adjustments: Restructuring (a) 0.1 (a) Non-GAAP tax impact of
Slide 24: Adjusted Earnings Per Share Walk – 2024 Comparison
Adjusted Earnings Per Share Walk – 2024 Comparison $ in millions (except earnings per share) Twelve Months Ended December 28, 2024 December 30, 2023 Net income from continuing operations as reported per generally accepted accounting principles (GAAP) $ 13.2 $ 11.8 Adjustments: Severance and accrued
Slide 25: Thank You
THANK YOU. Nicholas Vlahos Chief Financial Officer 3 Enterprise Drive Suite 408 Shelton, Connecticut (203) 729-2255 info@easterncompany.com
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