---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-002609"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:15:28.986231+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eastern Company Q4 net income $1.6M vs $3.9M; FY2024 net income up 12% to $13.2M

## Summary
- Q4 net sales +4.5% to $66.7M; net income $1.6M ($0.26/diluted) vs $3.9M ($0.63) in Q4 2023.
- FY2024 net sales $272.8M (+5% YoY); net income $13.2M ($2.13/diluted) vs $11.8M ($1.88) in 2023.
- Adjusted EBITDA from cont. ops FY2024 $27.1M vs $25.4M; backlog $89.2M vs $77.1M.
- Gross margin in Q4 fell to 23.0% from 26.8% due to higher material costs and non-recurring LIFO adjustment.
- CEO Schroeder (joined Nov 2024) appointed new presidents at two of three businesses; focus on faster execution.

## SEC filing metadata
- accession: 0001654954-25-002609
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495425002609/0001654954-25-002609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495425002609/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-002609
- JSON: https://secwatch.observer/filing/0001654954-25-002609.json
- Plain text: https://secwatch.observer/filing/0001654954-25-002609.txt

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