secwatch.observer — SEC 8-K summary
======================================

Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001654954-22-006366
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495422006366/0001654954-22-006366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495422006366/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-006366

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