Eastern Company (the) · NASDAQ:EML
Eastern Company (the) — The Eastern Company — Investor Presentation (April 2026)
26 slides from Eastern Company (the)'s investor presentation, April 2026
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 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 use of f
Slide 3: Agenda
Agenda o The Eastern Company o Portfolio of Successful Businesses o Company Leadership o Strategic Initiatives o Commitment to Action o M&A Strategy o Driving Shareholder Value o Our Path Forward INVESTOR PRESENTATION 3
Slide 4: 2025 Results
2025 Results Our Mission: We strategically manage a portfolio of high-performing industrial manufacturing Revenue businesses, with a focus on driving innovation and top-tier results. Supported by disciplined capital $249M allocation, experienced leadership and a consistent focus on shareholder retur
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 Eastern is a holding custom-engineered and specialty
Slide 6: Eberhard designs and manufactures secure access solutions
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 2026 Initiatives Other OEM Electromechanical Solutions
Slide 7: Velvac is a leading global provider of innovative vehicle and vision solutions
Velvac designs, manufactures and distributes mission-critical vision, safety, and vehicle system components for the North American commercial vehicle market. Enterprise Capabilities Key 2026 Initiatives Revenue by Market Acquisitions to expand growth and Other Scalable manufacturing system product 9
Slide 8: Big 3 is focused on operational excellence and delivering custom solutions
Provides end-to-end custom packaging and material handling solutions, integrating design, metal fabrication, thermoforming, molding and assembly. Revenue by Market Manufacturing Capabilities Key 2026 Initiatives Other 1% Rack Fabrication and Design Supply Chain / Purchasing Optimization Blow Mold To
Slide 9: The Eastern Company Leadership Team
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 Team
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 Team
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: Strategic Initiatives to Propel Eastern into the Future
Strategic Initiatives to Propel Eastern into the Future 1 2 3 Commercial Value-Adding Mergers Operating Efficiency Excellence & Acquisitions and Continuous Improvement Empowering expert, focused leadership to build high-performing teams and drive long-term shareholder value
Slide 13: Strategic Initiatives
Strategic Initiatives Value-Adding Operating Efficiency Commercial Mergers & & Continuous Excellence Acquisitions Improvement • Increase market share within • Leverage market expertise to • Standardize and streamline existing markets through strategically expand our key operational processes targete
Slide 14: Commitment to Action
Commitment to Action December 2024 February 2025 March 2025 April 2025 May 2025 June 2025 October 2025 Evaluated and Consolidated Reduction in Revamped Long-Term 5-year Product New $100M Actions Recruited New Rack Workforce Commercial Teams Plans Launched for Roadmaps Credit Facility Leadership at B
Slide 15: M&A Strategy
M&A Strategy What we look for in M&A: Why Eastern: -Eastern was formed in 1856, and has a long, dedicated -Market-leading manufacturing and industrial businesses history of maintaining a strong balance sheet and conservative leverage -Strong strategic alignment with the Company’s -Provider of discip
Slide 16: Driving Shareholder Value
Driving Shareholder Value Commitment to allocating capital for Dividends: the long-term benefit of our shareholders $0.44 per share in 2025; 80+ years of consistent 2025 dividend payments # Shares Avg Month Purchased Cost Price/Share Jan-25 20,000 556,194 27.81 Feb-25 14,843 414,867 27.95 Mar-25 15,
Slide 17: Financial Improvements – 2025 YoY Comparison
Financial Improvements – 2025 YoY Comparison Inventory Adjusted EPS* $60 3.00 2.29 Net cash provided by 2.00 Millions operating activities $56 $56.3 1.37 $55.2 $8.9M 1.00 Inventory up 2% versus $52 0.00 12/28/2024 1/3/2026 12/28/2024 1/3/2026 year-end 2024 Long-term debt down Long-term Debt Gross Ma
Slide 18: Our Path Forward: Relentless Execution for Top-Decile Performance
Our Path Forward: Relentless Execution for Top-Decile Performance Cost Discipline: Aggressively driving cost reductions As we look ahead, our unwavering focus across every area of our business to protect margins and remains on operational excellence, enhance value. adaptability and strategic growth.
Slide 19: Appendix
June 2025 – Investor Presentation Appendix
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Note Regarding Non-GAAP Financial Information This presentation includes certain non-GAAP financial measures. The non-GAAP financial measures we provide in this report should be viewed in addition to, and not as an alternative for, results prepared in accordance with U.S.
Slide 21: Top Ten Institutional Stockholders
Top Ten Institutional Stockholders Institution EML Shares % S/O 1 GAMCO Investors, Inc 841,105 13.93% 2 Barington Companies Equity Partners, LP 642,342 10.64% 3 Minerva Advisors LLC 529,084 8.76% 4 Dimensional Fund Advisors LP 377,976 6.26% 5 Blackrock Inc. 313,430 5.19% *Holdings as of March 9, 202
Slide 22: Consolidated Income Statement
Consolidated Income Statement CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) ($ in millions, except per share data) Year Ended 3-Jan-26 28-Dec-24 Net sales $ 249 $ 273 Gross margin 57 67.3 Product development expense (4.1) (4.9) Selling and administrative expenses (42.2) (42.2) Operatin
Slide 23: Strong Balance Sheet and Continued Focus on Covenants
Strong Balance Sheet and Continued Focus on Covenants ($ in millions) Consolidated Balance Sheets January 3, 2026 December 28, 2024 Current Assets Cash and cash equivalents 7.4 14 Accounts receivable 30.1 35.5 Inventories 56.3 55.2 Prepaid expenses and other assets 5.3 3.5 Total Current Assets 99.3
Slide 24: Year Ended Adjusted EBITDA Walk
Year Ended Adjusted EBITDA Walk (000's) Year Ended January 3, 2026 December 28, 2024 Net income from continuing operations as reported per GAAP 6 13.2 Interest expense 2.7 2.7 Provision for income taxes 1.5 3.9 Depreciation and amortization 6.6 5.9 Personnel and facilities restructuring 2.5 Credit A
Slide 25: Adjusted Earnings Per Share Walk
Adjusted Earnings Per Share Walk (000's) Year Ended January 3, 2026 December 28, 2024 Net income from continuing operations (GAAP) $ 6 $ 13 Earnings per share (GAAP): Basic $0.98 $2.13 Diluted $0.98 $2.13 Adjustments: Personnel and facilities restructuring 2.5 1.4 Credit Agreement refinancing 527 No
Slide 26: Nicholas Vlahos
Nicholas Vlahos Chief Financial Officer 3 Enterprise Drive Suite 408 Shelton, Connecticut (203) 729-2255 info@easterncompany.com
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