Eastern Company Aims to Increase Gross Margin by 30%
December 24, 2023
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Eastern Company ($NASDAQ:EML) is an international corporation that has been in the industry for many years. It has a long history of providing quality products and services to customers around the world. Recently, the company has declared its goal to increase its gross margin by 30%. This goal is based on the company’s confidence in its ability to continue providing excellent services and products that will give customers the best possible value. The company has implemented several changes in order to reach this goal. It has invested in new technology and processes to reduce operating costs, as well as expanded its sales and marketing efforts in order to capture additional market share.
Furthermore, the company has established partnerships with other businesses that can help it reach its target of 30% gross margin. Eastern Company firmly believes that its investments in technology, processes, and partnerships will help it reach its goal of increasing its gross margin by 30%. By doing so, the company will be able to strengthen its position in the market and remain competitive in an ever-changing industry. The company is optimistic about its prospects and is eager to share the benefits of its efforts with its customers.
Analysis
At GoodWhale, we analyzed the fundamentals of EASTERN COMPANY and found that it had a strong dividend score, medium scores for assets, profitability, and growth according to the Star Chart. The company had a high health score of 7 out of 10, indicating that its cashflows and debt enabled it to safely ride out any crisis without the risk of bankruptcy. We classified EASTERN COMPANY as a “cow”- a type of company that has a track record of paying out consistent and sustainable dividends. Investors who are interested in passive income and looking for low risk investments may be interested in investing in EASTERN COMPANY due to its consistent dividend payments and low risk. Moreover, investors who are risk averse and looking for long-term investments with steady returns could benefit from investing in EASTERN COMPANY’s stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eastern Company. More…
| Total Revenues | Net Income | Net Margin |
| 275.54 | 5.44 | 2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastern Company. More…
| Operations | Investing | Financing |
| 30.65 | 1.31 | -28.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eastern Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 256.73 | 128.08 | 20.62 |
Key Ratios Snapshot
Some of the financial key ratios for Eastern Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | -14.1% | 3.6% |
| FCF Margin | ROE | ROA |
| 8.8% | 4.9% | 2.4% |
Peers
The Eastern Co and its competitors, Stanley Black & Decker Inc, Azkoyen SA, and Jiangsu Tongrun Equipment Technology Co Ltd, are all vying for a share of the market in the manufacturing industry. The Eastern Co has been in business for over 100 years and has a well-established reputation.
However, the other companies are all relatively new and are looking to make a name for themselves.
– Stanley Black & Decker Inc ($NYSE:SWK)
Stanley Black & Decker Inc is a leading global provider of tools and storage, commercial electronic security and engineered fastening systems. It has a market cap of 12.46B as of 2022 and a ROE of 4.45%. The company’s products are used in a variety of end markets, including construction, manufacturing, distribution, retail, food and beverage, healthcare, and government.
– Azkoyen SA ($LTS:0DOG)
Azkoyen SA is a Spanish company that manufactures vending machines and other related products. The company has a market cap of 153.59M as of 2022 and a Return on Equity of 11.63%. Azkoyen SA’s products are used in a variety of industries, including food and beverage, retail, and healthcare. The company has a strong presence in Europe and South America, and is expanding its operations into Asia and North America.
– Jiangsu Tongrun Equipment Technology Co Ltd ($SZSE:002150)
Jiangsu Tongrun Equipment Technology Co., Ltd. is engaged in the research, development, production and sale of metallurgical equipment and materials. The Company’s products include electric arc furnace (EAF), ladle refining furnace (LF), vacuum degassing furnace (VD), continuous casting machine (CCM), plate mill, hot rolling mill and cold rolling mill, among others. The Company operates its business in domestic market and overseas market.
Summary
The Eastern Company is an investment opportunity for those looking to get a return on their investment. With a goal of achieving a 30% gross margin, investors should look to understand the company’s financial performance and the market conditions which could impact their profit. Investing in the Eastern Company should include a thorough analysis of its balance sheet, income statement, and cash flow.
Additionally, analyzing the company’s customer base, competitive landscape, and sales and marketing strategies can help investors make informed decisions about their investments. Finally, investing in the Eastern Company should also include research into the macroeconomic environment in which it operates to ensure that investors have an understanding of any political, social, or financial risks that may impact the company’s financial health.
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