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.
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).
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 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 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 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 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 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 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.
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 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 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 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.
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