secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001654954-25-012584
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Q3 sales down 22% to $55.3M; EPS $0.10 vs $0.75; new $100M credit facility
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- Net sales fell 22% YoY to $55.3M; net income of $0.6M ($0.10 diluted) vs $4.7M ($0.75) in Q3 2024.
- Adjusted EPS from continuing ops was $0.13; adjusted EBITDA of $3.5M vs $8.7M a year ago.
- New $100M revolving credit facility closed post-quarter to support growth initiatives.
- Restructuring charges of $2.2M in Q2/Q3 due to workforce optimization amid heavy-duty truck downturn.
- Year-to-date debt reduction of $7.0M and $3.0M in stock buybacks (118,000 shares).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495425012584/0001654954-25-012584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495425012584/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-012584

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