---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-003376"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2022-03-17T23:59:59+00:00"
generated_at: "2026-06-26T22:08:14.786685+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eastern Co FY2021 sales +25% to $246.5M; EPS $2.58; CFO transition announced

## Summary
- Full-year net sales from continuing operations $246.5M, up 25% YoY; backlog grew to $82.8M from $64.7M.
- Diluted EPS from continuing operations $2.58, up 47% YoY; adjusted EPS $2.44, up 17%.
- Gross margin 23% (vs 24% in 2020); unrecovered raw material cost increases ~$5.5M pre-tax ($0.75/share after-tax).
- CFO John Sullivan III retiring; Peter O'Hara named as successor.

## SEC filing metadata
- accession: 0001654954-22-003376
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2022-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495422003376/0001654954-22-003376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495422003376/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-003376
- JSON: https://secwatch.observer/filing/0001654954-22-003376.json
- Plain text: https://secwatch.observer/filing/0001654954-22-003376.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.