{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-010296","form_type":"8-K","ticker":"EML","cik":"0000031107","company_name":"EASTERN CO","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.225100+00:00","generated_at":"2026-06-12T03:06:07.829039+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Eastern Company Q2 net income falls to $1.4M from $3.7M; cash flow improves $16M in H1","bullets":["GAAP diluted EPS $0.22 vs $0.59 YoY; adjusted diluted EPS $0.40 vs $0.59.","Net sales $68.3M, down 2% from $69.5M; gross margin 22% (up 1% sequentially).","Closed Associated Toolmakers (cost $1.4M); acquired Sureflex assets for Velvac.","Cash from ops +$16M YTD; paid $5M debt in Q2; net leverage 1.95x.","Declared $0.11/share regular dividend; 332nd consecutive quarterly dividend."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-010296","json":"https://secwatch.observer/filing/0001654954-23-010296.json","markdown":"https://secwatch.observer/filing/0001654954-23-010296.md","text":"https://secwatch.observer/filing/0001654954-23-010296.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31107/000165495423010296/0001654954-23-010296-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31107/000165495423010296/eml_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:06:07.829039+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":"7d49de01602e613c6bf2c37d65469dc3b96629fa","claim":"EASTERN CO reported the second fiscal quarter ended July 1, 2023 results: revenue $68.3 million, net income $1.4 million, EPS $0.22 per diluted share.","evidence_excerpt":"Net sales in the second quarter of 2023 decreased 2% to $68.3 million from $69.5 million in the corresponding period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31107/000165495423010296/0001654954-23-010296-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second fiscal quarter ended July 1, 2023"},{"label":"Revenue","value":"$68.3 million"},{"label":"Net income","value":"$1.4 million"},{"label":"EPS","value":"$0.22 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"}