{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-010218","form_type":"8-K","ticker":"EML","cik":"0000031107","company_name":"EASTERN CO","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.224837+00:00","generated_at":"2026-06-12T05:02:05.313717+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Eastern Company reports Q1 GAAP net income of $0.6M, down 78% YoY despite 5% sales growth","bullets":["Net sales rose 5% to $72.5M; GAAP diluted EPS $0.10 vs $0.43; adjusted EPS $0.36 vs $0.46.","Inventory down 11% vs Dec 2022; operating cash flow improved $10.4M to $6.9M source.","Selling/admin expenses up 21% driven by $1.8M severance for CEO/COO departures.","Backlog $72M vs $85.8M prior year; new product launches include electric vehicle components."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-010218","json":"https://secwatch.observer/filing/0001654954-23-010218.json","markdown":"https://secwatch.observer/filing/0001654954-23-010218.md","text":"https://secwatch.observer/filing/0001654954-23-010218.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31107/000165495423010218/0001654954-23-010218-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31107/000165495423010218/eml_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T05:02:05.313717+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":"e4a79efb3d4943acd0d23f54aa2deabbe435d4d1","claim":"EASTERN CO reported first fiscal quarter ended April 1, 2023 results: revenue $72.5 million, net income $0.6 million, EPS $0.10 per diluted share.","evidence_excerpt":"Net sales in the first quarter of 2023 increased 5% to $72.5 million from $69.0 million in the corresponding period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31107/000165495423010218/0001654954-23-010218-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended April 1, 2023"},{"label":"Revenue","value":"$72.5 million"},{"label":"Net income","value":"$0.6 million"},{"label":"EPS","value":"$0.10 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"}