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:  0001654954-22-003382
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495422003382/0001654954-22-003382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495422003382/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-003382

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer