Highest-materiality recent filing
Eastern Company acquires Sungear and Crown Precision for $7.85M, establishing fourth platform
Acquired all equity of Sungear and Crown Precision for $7.85M on a cash-free, debt-free basis.
Eastern Co. Q1 net sales $59.7M, net income $0.6M; racks business drag contained to H1 2026
Net sales $59.7M (-5.7% YoY); net income $0.6M ($0.11 diluted EPS) vs $1.9M ($0.31) YoY.
All six director nominees elected; Ryan A. Schroeder received 535,402 against votes (11.6% of cast).
Eastern Company discloses routine committee assignments after 2026 annual meeting
Board approved committee rosters for Audit, Compensation, Nominating, Capital Allocation, and Environmental Health & Safety.
The Eastern Company Amends Bylaws, Enhances Shareholder Rights; Two Directors Retire
Directors Charles W. Henry and Michael J. Mardy will not stand for re-election at the 2026 Annual Meeting and will retire.
Eastern Company Q4 sales down 13.7% to $57.5M; FY net income falls 57%
Q4 EPS $0.19 ($0.31 adjusted); FY EPS $0.98 ($1.37 adjusted); sales $249M (-9% YoY).
Charles W. Henry and Michael J. Mardy will not stand for re-election at the 2026 Annual Meeting and will retire from the Board.
Eastern Q3 sales down 22% to $55.3M; EPS $0.10 vs $0.75; new $100M credit facility
Net sales fell 22% YoY to $55.3M; net income of $0.6M ($0.10 diluted) vs $4.7M ($0.75) in Q3 2024.
New $100M five-year senior secured revolving credit facility with $75M accordion feature, maturing October 28, 2030.
Eastern Q2 revenue down 3% to $70.2M; EPS $0.33 from $0.65; restructuring charges $1.8M
Net income $2.0M ($0.33 diluted EPS) vs $4.1M ($0.65) in Q2 2024; adjusted EPS $0.57 vs $0.65.
Eastern Company announces workforce reduction expected to save $4M annually
Reduction in force committed May 28, 2025; expected completion in Q2 2025.
Eastern Company announces committee assignments effective May 1, 2025
Board assigned committees: Executive, Audit, Compensation, Nominating, Capital Allocation, Environmental Health & Safety.
Eastern Q1 net sales down 2% to $63.3M; EPS $0.31; new 400K share buyback authorized
Net sales from continuing ops $63.3M (down 2% YoY); diluted EPS $0.31 vs $0.34.
Eastern Company appoints Chan W. Galbato to board of directors, effective May 1, 2025
Chan W. Galbato elected to Board effective May 1, 2025, increasing board size to 8.
Eastern Company annual meeting elects all 7 directors, approves say-on-pay and auditor
Fredrick DiSanto, John Everets, Charles Henry, James Mitarotonda, Peggy Scott, Michael Mardy, and Ryan Schroeder elected as directors for 2026.
Eastern Company amends credit agreement, ups revolving commitment to $50M
Revolving commitment increased to $50M from $30M; incremental commitments reduced to $55M from $75M.
Eastern Company Q4 net income $1.6M vs $3.9M; FY2024 net income up 12% to $13.2M
Q4 net sales +4.5% to $66.7M; net income $1.6M ($0.26/diluted) vs $3.9M ($0.63) in Q4 2023.
CEO Mark Hernandez resigns; Ryan Schroeder appointed CEO effective Nov 6, 2024
Hernandez received $530,500 base salary severance paid over 12 months, plus $140,787 bonus, 14,800 stock units vest, and $47,206 vacation payout.
Eastern Company Q3 net sales up 15% to $71.3M, EPS $0.75 (+36%); names new CEO
Net sales from continuing ops $71.3M, up 15% YoY; gross margin 25.5% vs 24.9%.
Eastern Company Q2 net income rises to $3.5M ($0.56/diluted) from $1.4M; backlog up 43% to $107.3M
Net income $3.5M ($0.56 diluted) vs $1.4M ($0.22) in Q2 2023; adjusted net income $3.5M ($0.56) vs $2.5M ($0.40).
Eastern Company adopts new performance-based equity award agreements for executives
Compensation Committee adopted new forms of performance-based stock award and non-qualified stock option agreements effective May 15, 2024.
Eastern Q1 net income triples to $1.9M; gross margin up to 24%; backlog rises 35%
Net sales $67.9M (-6% YoY); GAAP EPS $0.31 vs $0.10; adjusted EPS $0.31 vs $0.36.
Eastern Co. reports annual meeting results; all director nominees elected
Fredrick D. DiSanto elected with 4,825,034 votes for, 66,560 against, 91,481 abstain.
Eastern Company Q4 net income jumps to $0.56 EPS; full year net income down 22%
Q4 net sales $67.0M (-3% YoY); gross margin improved to 26.8% from 16.6%.
Eastern Q3 sales $65.6M (-8% YoY); EPS $0.49, gross margin 24.9% (seq +270bp)
Net sales $65.6M, down 8% from $71.6M in Q3 2022; backlog up 4% YoY to $89.4M.
Eastern Company amends CEO employment agreement to enhance severance benefits
Amended agreement with CEO Mark Hernandez adds payment of estimated annual target bonus on pro-rated basis upon termination without Cause or for Good Reason.
Eastern Company announces new share repurchase program of up to 200,000 shares through 2028
Board authorized repurchase of up to 200,000 shares through August 20, 2028.
Eastern Company Q2 net income falls to $1.4M from $3.7M; cash flow improves $16M in H1
GAAP diluted EPS $0.22 vs $0.59 YoY; adjusted diluted EPS $0.40 vs $0.59.
Eastern Company reports Q1 GAAP net income of $0.6M, down 78% YoY despite 5% sales growth
Net sales rose 5% to $72.5M; GAAP diluted EPS $0.10 vs $0.43; adjusted EPS $0.36 vs $0.46.
Eastern Company furnishes investor presentation; no new financial data disclosed
The Eastern Company (EML) furnished an investor presentation on July 12, 2023 under Regulation FD.
Eastern Company enters new $90M credit facility, replacing existing $59M term loan facility
New 5-year senior secured facility: $60M term loan + $30M revolver; accordion up to $75M; matures June 16, 2028.
Eastern Company to close UK mold tooling facility, record ~$4M Q2 charge
Plan to close Associated Tool Makers Ltd. (Farndon, UK) by end of Q3 2023.
All seven director nominees elected with 3.99M to 4.19M votes for each; Fredrick D. DiSanto received 4,096,786 for.
Eastern Company eliminates COO role; CEO Hernandez assumes duties after Woidke departure
James Woidke resigned as COO effective March 21, 2023; position eliminated April 1, 2023.
Eastern Company Q4 net income $0.2M down 95% YoY; full-year net sales up 13% to $279.3M
Net sales from continuing ops FY22 $279.3M (+13%); Q4 $69.1M (+16%) vs prior year periods.
Eastern Co. discloses CFO Vlahos compensation: $350k base, 50% target bonus, severance terms
Base salary of $350,000/year; annual target incentive equal to 50% of base salary.
CFO Peter O'Hara resigns; Nicholas Vlahos appointed as CFO effective Feb 3, 2023
Peter O'Hara resigns as VP and CFO effective Feb 3, 2023 to pursue other opportunities.
Eastern Company appoints Mark Hernandez as CEO effective Jan 23, 2023; August Vlak resigns
Mark Hernandez named CEO, succeeding August Vlak who served since 2016; effective Jan 23, 2023.
The Eastern Company appoints Mark Hernandez as CEO effective Jan 23, 2023
Mark Hernandez appointed CEO, succeeding August Vlak who has served since 2016.
Eastern Company Q3 net sales $71.6M (+12%), EPS $0.72 (+18%)
Net sales from continuing ops grew 12% to $71.6M; backlog rose to $85.7M.
The Eastern Company ends work stoppage at Eberhard division, reaches new 3-year labor agreement
Work stoppage at Eberhard Manufacturing Division in Strongsville, OH has ended.
Eastern Company reports work stoppage at Eberhard Manufacturing after union contract expires
IAM Local 439 initiated work stoppage at Eberhard Division in Strongsville, OH following Aug 28 contract expiration.
Eastern Company reports record Q2 net sales of $69.5M; EPS $0.59, up 34% YoY
Net sales from continuing ops rose 14% to $69.5M (Q2 2022 vs Q2 2021); diluted EPS $0.59 vs $0.44.
Eastern Company amends 8-K to disclose committee assignments for new directors Hernandez and Mardy
Mark Hernandez appointed to Nominating and Corporate Governance Committee effective July 25, 2022.
Eastern Company appoints Mark Hernandez and Michael Mardy to board, effective July 25, 2022
Board size increased from 7 to 8; Hernandez and Mardy fill existing vacancy and new seat, effective July 25, 2022.
Eastern Company Q1 record sales $69M but EPS falls 52% on margin compression
Net sales from continuing ops record $69.0M, +12% YoY; backlog $85.8M, +23% YoY.
Eastern Company annual meeting elects all six directors, say-on-pay and auditor ratified
All six director nominees elected; Peggy B. Scott received 4,531,662 for (98.3% of votes cast).
Eastern Co FY2021 sales +25% to $246.5M; EPS $2.58; CFO transition announced
Full-year net sales from continuing operations $246.5M, up 25% YoY; backlog grew to $82.8M from $64.7M.
Eastern Co FY2021 sales +25% to $246.5M; EPS $2.58; CFO Sullivan retiring, O'Hara hired
Net sales from continuing ops grew 25% to $246.5M; net income +47%; diluted EPS $2.58.
Eastern Company amends bylaws to permit remote stockholder meetings and electronic notices
Board approved amended and restated bylaws on March 11, 2022.
On April 30, the Board of Directors (the “Board”) of The Eastern Company (the “Company”) increased size of the Board from seven members to eight members and elected Mr. Chan W. Galbato to fill the resulting vacancy, effective May 1, 2025.
Mark A. Hernandez resigned as Chief Executive Officer of The Eastern Company (the "Company"), and from service on the Board of Directors of the Company (the "Board") and all other officer, director, trustee, fiduciary and other positions with the Company and its subsidiaries and affiliates, effective as of the Separation Date.
On November 4, 2024, the Company appointed Ryan Schroeder to serve as the Company’s Chief Executive Officer, effective November 6, 2024.
On March 21, 2023, James Woidke resigned as Chief Operating Officer of The Eastern Company (the “Company”).
On January 26, 2023, the Company announced that Nicholas Vlahos, age 41, has been appointed as Vice President and Chief Financial Officer of the Company effective as of the close of business on February 3, 2023.
On January 26, 2023, The Eastern Company (the “Company”) announced that, on January 22, 2023, Peter O’Hara notified the Company of his resignation from his office as Vice President and Chief Financial Officer of the Company, effective as of the close of business on February 3, 2023, to pursue other opportunities.
Nicholas Vlahos, age 41, has been appointed as Vice President and Chief Financial Officer of the Company effective as of the close of business on February 3, 2023.
Peter O’Hara notified the Company of his resignation from his office as Vice President and Chief Financial Officer of the Company, effective as of the close of business on February 3, 2023, to pursue other opportunities.
Mr. Vlak resigned as a member of the Board of Directors of the Company and from all other officer, director, trustee, fiduciary and other positions with the Company and its subsidiaries and affiliates, effective as of January 23, 2023.
appointed Mark Hernandez, a member of its Board of Directors since June 2022, to serve as the Company’s Chief Executive Officer, effective January 23, 2023
On January 9, 2023, The Eastern Company (the “Company”) appointed Mark Hernandez as its next Chief Executive Officer, to succeed August (Gus) Vlak, who has served as Chief Executive Officer since 2016, effective January 23, 2023.
On January 9, 2023, The Eastern Company (the “Company”) appointed Mark Hernandez as its next Chief Executive Officer, to succeed August (Gus) Vlak, who has served as Chief Executive Officer since 2016, effective January 23, 2023.
Max materiality 0.85 · Median 0.60 · Most common event earnings