The Eastern Company (NASDAQ:EML) Q4 2022 Earnings Call Transcript

Unidentified Analyst: Okay. So just a follow-up question. I’m sure that management, Board of Directors and everyone is not proud of what’s going on with the common stock today on NASDAQ. I’m certainly not. And I’m not trying to be negative, but it appears to me that I’m hoping that the fourth quarter expense side is pretty much cleaned up and won’t carry forward into the first and second quarter of 2023. And that would be a hope, and I wonder if somehow you could try to answer that question.

Nicholas Vlahos: Unfortunately, that’s providing future guidance, and we don’t provide future guidance for that, Roger.

Unidentified Analyst: Okay. Well, once again, best of luck, and I’m just hopeful that the company is not (ph) what the stock is, down almost 20%, 22% today. So, we look forward to better reports by the new management, you and Nick, and let’s get this football team going once again. Thank you.

Mark Hernandez: Thank you.

Operator: Thank you. As we have no further questions in queue at this time, I will hand it back to Mr. Ernie Hawkins for any closing comments you may have.

Ernie Hawkins: Okay. So, with that, I’ll turn the call over to Mark for closing remarks.

Mark Hernandez: Thanks, everyone, for joining us this morning. We are pleased by the continued acceleration in demand of our products and services across all our businesses. The strength of our backlog provides us with a great deal of comfort and confidence that we will sustain growth across our businesses in the coming quarters. Supply chain and inflation-related pressures aside, we are optimistic about the remainder of this year and our longer-term future. Over the last year, our team has been increasingly effective at managing supply pressures and volatile raw material costs and have driven drastically better throughput. Our team is committed, resilient and prepared for the challenges ahead, and we are well positioned to capture the opportunities in front of us. We all share a great sense of optimism and urgency to show you what we are truly capable of delivering.

Ernie Hawkins: Thanks, Mark. With that, I’ll hand the call back to the operator.

Operator: Thank you, ladies and gentlemen. This does conclude today’s conference call. You may disconnect your lines at this time, and have a wonderful day, and we thank you for your participation.