secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2022-03-17T23:59:59+00:00
Accession:  0001654954-22-003376
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495422003376/0001654954-22-003376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495422003376/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-003376

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