{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-005779","form_type":"8-K","ticker":"EML","cik":"0000031107","company_name":"EASTERN CO","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.511832+00:00","generated_at":"2026-06-02T14:15:59.763218+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Eastern Q1 net income triples to $1.9M; gross margin up to 24%; backlog rises 35%","bullets":["Net sales $67.9M (-6% YoY); GAAP EPS $0.31 vs $0.10; adjusted EPS $0.31 vs $0.36.","Gross margin 24% vs 21%; backlog $97.4M (+35% YoY, +22% from Dec 2023).","Long-term debt reduced to $43.1M; leverage ratio 1.40; inventory down $3.5M from year-end.","Adjusted EBITDA $5.2M vs $5.5M; prior year had $1.8M severance & $0.4M Greenwald impact.","CEO cites distributor destocking nearly complete; focus on cost reduction and M&A."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-005779","json":"https://secwatch.observer/filing/0001654954-24-005779.json","markdown":"https://secwatch.observer/filing/0001654954-24-005779.md","text":"https://secwatch.observer/filing/0001654954-24-005779.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31107/000165495424005779/0001654954-24-005779-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31107/000165495424005779/eml_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T14:15:59.763218+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":"332b27ab8300af7bbed3040348bfa10caabb040d","claim":"EASTERN CO reported first fiscal quarter ended March 30, 2024 results: revenue $67.9 million, net income $1.9 million, EPS $0.31 per diluted share.","evidence_excerpt":"commercial vehicle customers while driving revenue growth and profitability gains.” First Quarter 2024 Financial Results Net sales in the first quarter of 2024 decreased 6% to $67.9 million from $72.5 million in the corresponding period in 2023. Sales declined in the first quarter of 2024 primarily due to lower demand for truck accessories and returnable transport","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31107/000165495424005779/0001654954-24-005779-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 30, 2024"},{"label":"Revenue","value":"$67.9 million"},{"label":"Net income","value":"$1.9 million"},{"label":"EPS","value":"$0.31 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"}