---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-006366"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T22:02:29.254321+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Eastern Company Q1 record sales $69M but EPS falls 52% on margin compression

## Summary
- Net sales from continuing ops record $69.0M, +12% YoY; backlog $85.8M, +23% YoY.
- Gross margin 21% vs 25% a year ago; raw material costs rose; price increases start May/June.
- Diluted EPS from continuing ops $0.43 vs $0.90; adjusted EPS $0.46 vs $0.69.
- Margins squeezed despite sales growth; outlook for H2 may improve as price hikes take effect.

## SEC filing metadata
- accession: 0001654954-22-006366
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495422006366/0001654954-22-006366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495422006366/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-006366
- JSON: https://secwatch.observer/filing/0001654954-22-006366.json
- Plain text: https://secwatch.observer/filing/0001654954-22-006366.txt

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