secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001654954-22-010778
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Company reports record Q2 net sales of $69.5M; EPS $0.59, up 34% YoY
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- Net sales from continuing ops rose 14% to $69.5M (Q2 2022 vs Q2 2021); diluted EPS $0.59 vs $0.44.
- Backlog at quarter end $82.8M; current ratio improved to 3.0x; repurchased 29,762 shares.
- First-half 2022 net income from continuing ops $6.4M (prior $8.4M); adjusted net income $6.6M vs $7.1M.
- Growth driven by transport packaging (Big 3 Precision) and new OEM vehicle launches; pricing actions offsetting raw material inflation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495422010778/0001654954-22-010778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495422010778/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-010778

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