The Eastern Company Is Prepared To Navigate Current Headwinds (NASDAQ:EML)


Risk and reward balance

ChristianChan

Investment thesis

The Eastern Company (NASDAQ:EML) is a company with a high cyclical component due to the nature of the industries for which it operates, and current times marked by inflationary pressures, supply chain issues, and recessionary concerns are impacting

Year 2014 2015 2016

2017

2018 2019 2020 2021 2022
Cash from operations (in millions) $9.3 $9.1 $12.4 $11.2 $12.9 $23.0 $20.7 -$2.0 $10.5
Dividends paid (in millions) $2.7 $2.7 $2.8 $2.8 $2.8 $2.7 $2.8 $2.8 $2.7
Interest expense (in million) $0.3 $0.2 $0.1 $1.0 $1.2 $1.9 $2.1 $1.7 $2.3
Cash payout ratio 32% 32% 23% 34% 31% 20% 24% 48%



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