Eastern Co FY2021 sales +25% to $246.5M; EPS $2.58; CFO Sullivan retiring, O'Hara hired

EASTERN CO

Net sales from continuing ops grew 25% to $246.5M; net income +47%; diluted EPS $2.58.
Backlog rose to $82.8M vs $64.7M; gross margin 23% vs 24%.
Unrecovered raw material costs ~$5.5M pre-tax ($0.75/share after-tax).
CFO John Sullivan retiring May 15, 2022; Peter O'Hara appointed CFO effective May 16, 2022; base salary $425K.
Adjusted EPS from continuing ops $2.44, +17% YoY.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John L. Sullivan III

Vice President and Chief Finance Officer

EML · EASTERN CO

Effective: 2022-05-15
Successor: Peter O'Hara
Filed: March 17, 2022, 7:59 PM ET

John L. Sullivan III will retire from his office as Vice President and Chief Finance Officer of the Company effective at the close of business on May 15, 2022.

Appointed

Peter O'Hara

Chief Financial Officer

EML · EASTERN CO

Effective: 2022-05-16
Filed: March 17, 2022, 7:59 PM ET

Peter O’Hara, age 56, has been appointed as Chief Financial Officer of the Company effective May 16, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John L. Sullivan III departed as Vice President and Chief Finance Officer at EASTERN CO.

Action: retire
Role: Vice President and Chief Finance Officer

Exact text from the filing

John L. Sullivan III will retire from his office as Vice President and Chief Finance Officer of the Company effective at the close of business on May 15, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter O'Hara was appointed as Chief Financial Officer at EASTERN CO.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Peter O’Hara, age 56, has been appointed as Chief Financial Officer of the Company effective May 16, 2022.

View on SEC.gov

EASTERN CO filing history →

Source: SEC EDGAR

accession 0001654954-22-003382

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.