---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-014782"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:59:35.153614+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eastern Company Q3 net sales $71.6M (+12%), EPS $0.72 (+18%)

## Summary
- Net sales from continuing ops grew 12% to $71.6M; backlog rose to $85.7M.
- Diluted EPS from continuing ops $0.72 vs $0.61; adjusted EBITDA $7.7M vs $7.1M.
- Repaid nearly $3M of debt in Q3 and an additional $5M after quarter end.
- Divested non-core Argo EMS on Oct 18, completing divestiture of all non-core businesses.
- Current ratio improved to 2.9x; 55% of term debt fixed at 3.19% via swap.

## SEC filing metadata
- accession: 0001654954-22-014782
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495422014782/0001654954-22-014782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495422014782/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-014782
- JSON: https://secwatch.observer/filing/0001654954-22-014782.json
- Plain text: https://secwatch.observer/filing/0001654954-22-014782.txt

## Key facts
- Earnings Releases
  EASTERN CO reported the third fiscal quarter ended October 1, 2022 results: revenue $71.6 million, net income $4.5 million, EPS $0.72.
  - Period: the third fiscal quarter ended October 1, 2022
  - Revenue: $71.6 million
  - Net income: $4.5 million
  - EPS: $0.72
  - Result: reported results
  source text: Net sales from continuing operations grew to a new record of $71.6 million in the third quarter of 2022, an increase of 12% compared to net sales from continuing operations in the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31107/000165495422014782/0001654954-22-014782-index.htm

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