The Eastern Co (EML) Reports Q1 EPS of $0.14
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The Eastern Company Reports Results for the First Quarter of 2015
April 29, 2015 2:57 PM EDTNAUGATUCK, Conn.--(BUSINESS WIRE)-- The Eastern Company (NASDAQ-EML) today announced the results of its operations for the first quarter of 2015. Sales for the quarter were $36.9 million, compared to $35.8 million for the same period in 2014, a 3% increase. Net Income for the first quarter was $874,000, or $0.14 per diluted share, compared to $1.5 million, or $0.24 per diluted share in the first quarter of 2014, a 42% decrease.
Leonard F. Leganza, Chairman, President and CEO of The Eastern Company stated, While sales for the quarter were slightly better than the 2014 period, net income in the first quarter of 2015, while disappointing, was primarily the... More
The Barington Group Sends Letter To The Shareholders Of The Eastern Company
April 28, 2015 8:01 AM EDTNEW YORK, April 28, 2015 /PRNewswire/ -- The Barington Group announced today that it has sent a letter to the shareholders of The Eastern Company (NASDAQ: EML). The letter is being sent in connection with the Barington Group's solicitation of proxies to elect James A. Mitarotonda and Michael A. McManus, Jr. to the Board of Directors of Eastern at the Company's 2015 Annual Meeting of Shareholders. The Annual Meeting is scheduled to be held at 11:00 a.m. (local time) on Wednesday, May 20, 2015 at the Company's headquarters in Naugatuck, Connecticut. The Barington Group owns... More
