{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-002849","form_type":"8-K","ticker":"EML","cik":"0000031107","company_name":"EASTERN CO","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.582419+00:00","generated_at":"2026-06-18T03:59:37.044759+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Eastern Company Q4 net income $0.2M down 95% YoY; full-year net sales up 13% to $279.3M","bullets":["Net sales from continuing ops FY22 $279.3M (+13%); Q4 $69.1M (+16%) vs prior year periods.","Net income from continuing ops FY22 $11.1M ($1.77 diluted) down 32%; Q4 $0.2M ($0.03) down 95%.","Divested non-core Argo EMS in Q4 2022; net leverage improved to 2.27x from 2.46x.","Backlog at year-end $72.5M, down 12% from end of 2021 due to program transitions.","Gross margin fell to 21% (FY) from 23% on higher material, freight costs and inventory write-offs."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-002849","json":"https://secwatch.observer/filing/0001654954-23-002849.json","markdown":"https://secwatch.observer/filing/0001654954-23-002849.md","text":"https://secwatch.observer/filing/0001654954-23-002849.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31107/000165495423002849/0001654954-23-002849-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31107/000165495423002849/eml_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T03:59:37.044759+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2035ac786551fe780f7e7659649b66fcbbcb7b38","claim":"EASTERN CO reported the fourth quarter ended December 31, 2022 results: revenue $69.1 million, net income $0.2 million, EPS $0.03 per diluted share.","evidence_excerpt":"compared to 2021 while price increases and new products increased net sales in 2022 by 6%. Net sales from continuing operations in the fourth quarter of 2022 increased 16% to $69.1 million from $59.6 million in the fourth quarter of 2021. Sales volume of existing products increased net sales by 11%, while price increases and new products contributed 5% in sales","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31107/000165495423002849/0001654954-23-002849-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$69.1 million"},{"label":"Net income","value":"$0.2 million"},{"label":"EPS","value":"$0.03 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d15283b2aa7a658532c5b819dc8354c725452e31","claim":"EASTERN CO reported the fiscal year ended December 31, 2022 results: revenue $279.3 million, net income $11.1 million, EPS $1.77 per diluted share.","evidence_excerpt":"CONTINUING OPERATIONS INCREASED 13% · Strong demand across core markets, combined with superb execution by our teams, drove growth in net sales from continuing operations to $279.3 million in 2022, an increase of 13% compared to net sales from continuing operations in 2021. · To streamline our portfolio of businesses and build scale in our largest businesses, we","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31107/000165495423002849/0001654954-23-002849-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$279.3 million"},{"label":"Net income","value":"$11.1 million"},{"label":"EPS","value":"$1.77 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}