Filing Flows › Eastern (EML) › Q1 2025
Eastern (EML) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Eastern (EML) reported revenue of $63.3M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -5% from the quarter before. Operating margin was 5.1%, net earnings $1.9M (3.1% of revenue).
Eastern, Q1 2025: revenue $63.3M (-2% year over year), operating margin 5.1%, net earnings $1.9M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.3M | -5% | -2% |
| Gross profit | $14.2M | -8% | -8% |
| Operating profit | $3.2M | +8% | -5% |
| Net earnings | $1.9M | +48% | -0.2% |
| Operating cash flow | −$1.8M | -117% | — |
What changed
Revenue was $63.3M in Q1 2025, down 2% year over year and down 5% from the previous quarter.
Gross margin was 22.4%, down 1.5 points from a year earlier. Operating profit was $3.2M, a 5.1% margin (down 0.2 points year over year). Operating expenses fell 9% while revenue fell 2%. Net earnings were $1.9M, roughly flat year over year. The effective tax rate was 20.7%.
Operating cash flow was −$1.8M. Non-cash charges added back $1.5M of depreciation and amortization. Working capital and other items used $5.3M. Capital expenditures of $849K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Eastern's revenue in the first quarter 2025?
Eastern (EML) reported revenue of $63.3M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -5% from the quarter before.
Was Eastern profitable in the first quarter 2025?
Operating profit was $3.2M (5.1% of revenue) and net earnings $1.9M.
Source: Eastern 10-Q on SEC EDGAR.