secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001654954-25-005146
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Q1 net sales down 2% to $63.3M; EPS $0.31; new 400K share buyback authorized
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- Net sales from continuing ops $63.3M (down 2% YoY); diluted EPS $0.31 vs $0.34.
- Adjusted EBITDA from continuing ops $4.6M, down from $4.8M in Q1 2024.
- Gross margin fell to 22.4% from 23.9% due to higher raw material costs.
- Completed sale of Big 3 Mold's ISBM business on April 30, 2025.
- Completed 200K-share buyback; Board authorized new 400K-share repurchase program (through May 2030).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495425005146/0001654954-25-005146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495425005146/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-005146

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