---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-013766"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:33:37.213075+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Eastern Company Q3 net sales up 15% to $71.3M, EPS $0.75 (+36%); names new CEO

## Summary
- Net sales from continuing ops $71.3M, up 15% YoY; gross margin 25.5% vs 24.9%.
- EPS from continuing ops $0.75 diluted, up 36% YoY from $0.55; adjusted EBITDA $8.7M vs $6.7M.
- Big 3 Mold business classified as discontinued ops with $23.1M write-down and $0.8M operating loss.
- Ryan Schroeder named CEO effective Nov 6, replacing Mark Hernandez; previously CEO at Plaskolite LLC.
- Backlog increased 13% to $97.2M from $86.2M; demand up for truck mirror assemblies and packaging.

## SEC filing metadata
- accession: 0001654954-24-013766
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495424013766/0001654954-24-013766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495424013766/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-013766
- JSON: https://secwatch.observer/filing/0001654954-24-013766.json
- Plain text: https://secwatch.observer/filing/0001654954-24-013766.txt

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