secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001654954-25-009066
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Q2 revenue down 3% to $70.2M; EPS $0.33 from $0.65; restructuring charges $1.8M
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- Net income $2.0M ($0.33 diluted EPS) vs $4.1M ($0.65) in Q2 2024; adjusted EPS $0.57 vs $0.65.
- Net sales $70.2M, down 3% YoY; gross margin fell to 23.3% from 25.4% due to raw material costs.
- Restructuring charges of $1.8M expected to yield ~$4M in annual cash cost savings starting 2026.
- Year-to-date debt reduction of $5.9M and stock repurchases of ~82,000 shares for $2.1M.
- Company expanded USPS mail truck program; Eberhard supplying products for new fleet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495425009066/0001654954-25-009066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495425009066/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-009066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer