Filing Flows › Eastern (EML) › Q4 2024
Eastern (EML) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 11, 2025
Eastern (EML) reported revenue of $66.7M for the fourth quarter 2024 (Q4 2024), +27% from a year earlier and -6% from the quarter before. Operating margin was 4.5%, net earnings $1.3M (2.0% of revenue).
Eastern, Q4 2024: revenue $66.7M (+27% year over year), operating margin 4.5%, net earnings $1.3M, operating cash flow $11.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.7M | -6% | +27% |
| Gross profit | $15.4M | -16% | +4% |
| Operating profit | $3.0M | -56% | -58% |
| Net earnings | $1.3M | — | -63% |
| Operating cash flow | $11.0M | — | +49% |
| Free cash flow | $9.0M | — | +51% |
What changed
Revenue was $66.7M in Q4 2024, up 27% year over year and down 6% from the previous quarter.
Gross margin was 23.0%, down 5.1 points from a year earlier. Operating profit was $3.0M, a 4.5% margin (down 9.2 points year over year). Operating profit fell $4.2M even though revenue rose $14.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 64% against revenue growth of 27%. The fastest-growing cost line was SG&A (+80%). Net earnings were $1.3M, down 63% year over year. The effective tax rate was 28.5%.
Operating cash flow was $11.0M (up 49% year over year), 841% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $578K of share-based compensation. Working capital and other items added $7.5M. Capital expenditures of $2.1M left free cash flow of $9.0M.
Questions
What was Eastern's revenue in the fourth quarter 2024?
Eastern (EML) reported revenue of $66.7M for the fourth quarter 2024 (Q4 2024), +27% from a year earlier and -6% from the quarter before.
Was Eastern profitable in the fourth quarter 2024?
Operating profit was $3.0M (4.5% of revenue) and net earnings $1.3M.
Source: Eastern 10-K on SEC EDGAR.