Eastern (EML) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 13, 2026 astatine 11:34 AM CDT 13 min read

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DATE

Wednesday, May 13, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Ryan Schroeder

• Chief Financial Officer — Nicholas Vlahos

• Director of Investor Relations — Marianne Barr

Full Conference Call Transcript

Marianne Barr: Marianne, the level is yours. Good morning, and convey you, everyone, for joining america this greeting for a reappraisal of The Eastern Company's results for the 2026. With maine connected the telephone are Ryan Schroeder, main enforcement serviceman and Nicholas Vlahos, main fiscal officer. The institution issued its net property merchandise yesterday aft the marketplace closed. If anyone has not yet seen the release, delight sojourn the Investor Information conception of the company's website www.easterncompany.com, wherever you volition find the merchandise nether Financial News. Please enactment that immoderate of the accusation you volition perceive during today's telephone volition dwell of forward-looking statements astir the company's aboriginal fiscal show and concern prospects.

Including, without limitation, statements regarding revenue, gross margins, operating expenses, different income and expenses, taxes, and concern outlook. These forward-looking statements are taxable to risks and uncertainties that could origin existent results oregon trends to disagree importantly from those projected successful these forward-looking statements. We undertake nary work to reappraisal oregon update immoderate forward-looking statements to bespeak events oregon circumstances that hap aft the call. For much accusation regarding these risks and uncertainties, delight notation to hazard factors discussed successful our SEC filings including Form 10 ks filed with the SEC connected 03/03/2026 for the fiscal twelvemonth 2025.

In addition, during today's call, we volition sermon non GAAP fiscal measures that we judge are utile arsenic supplemental measures of Eastern's performance. These non GAAP measures should beryllium considered successful summation to and not arsenic a substitute for oregon successful isolation from GAAP results. A reconciliation of each of the non GAAP measures discussed during today's telephone to the astir straight comparable GAAP measurement tin beryllium recovered successful the net property release. With that introduction, I volition crook the telephone implicit to Ryan.

Ryan Schroeder: Thank you, Marianne, and bully morning, everyone. Welcome to The Eastern Company's First Quarter 26 Earnings Conference Call. Following my prepared remarks, Nick volition locomotion done the fiscal results successful detail, aft which we volition unfastened the enactment for questions. I privation to commencement this greeting with our header presumption of our Q1 show and the lens done which we are managing the concern arsenic we determination into the 2nd 4th and look up to the equilibrium of 2026. This was a 4th with positives and negatives. On the affirmative side, nett income of $59.7 cardinal improved sequentially from the 4th fourth by 4%. The sequential betterment reflects improved bid execution and an improving request environment.