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EASTERN CO (EML)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 08/21/2023 |
8-K
| Other Events, Financial Statements and Exhibits Interactive Data|
Docs:
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"THE EASTERN COMPANY ANNOUNCES PROGRAM TO REPURCHASE UP TO 200,000 SHARES BY AUGUST 20, 2028 Shelton, CT–The Eastern Company announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to 200,000 shares of its common stock through August 20, 2028. Under the share repurchase program, the Company may repurchase shares in the open market and may also enter into structured repurchase agreements with third parties. The Company previously repurchased 140,000 shares of the 200,000 shares authorized on the share repurchase plan that was authorized on May 3, 2018 and expired on May 2, 2023. Mr. James Mitarotonda, the Company’s Chairman, explained that “the share repurchase program is designed to return value to shareholders and minimize..." |
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| 08/08/2023 |
8-K
| Quarterly results |
| 08/07/2023 |
8-K
| Quarterly results|
Docs:
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"THE EASTERN COMPANY REPORTS FIRST QUARTER 2023 RESULTS · Net sales from continuing operations rose 5% to $72.5 million compared to last year’s period. · Inventory down 11% compared to December 31, 2022; working capital also reduced quarter over quarter. · New leadership team focusing on efficient operations that consistently deliver strong results. SHELTON, CT – May 9, 2023 - The Eastern Company , an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced the results of operations for the first fiscal quarter ended April 1, 2023. President and CEO Mark Hernandez commented, “The first quarter was a period of significant change for The Eastern Company as our new leadership team began taking a series of...",
"Earnings Call Transcript dated May 10, 2023, detailing review of first quarter earnings for 2023" |
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| 07/12/2023 |
8-K
| Investor presentation |
| 05/01/2023 |
8-K
| Cost Associated with Exit or Disposal Activities, Regulation FD Disclosure, Financial Statements and Exhibits &nbs...|
Docs:
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"THE EASTERN COMPANY TO EXIT ASSOCIATED TOOL MAKERS, LTD. Company Expects to Record a Charge of Approximately $4.0 Million in the Second Quarter SHELTON, CT – May 1, 2023 - The Eastern Company , an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that the Company plans to close Associated Tool Makers, Ltd., its European mold tooling service facility based in the U.K. As a result, the Company expects to record charges totaling approximately $4.0 million in the second quarter of fiscal 2023 for severance and other related costs associated with exiting the business. “After completing a thorough review of Eastern’s business and products, we determined that our mold tooling service in Europe was no ..." |
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| 04/26/2023 |
8-K
| Quarterly results |
| 03/24/2023 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 03/14/2023 |
8-K
| Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits I...|
Docs:
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"The Eastern Company Consolidated Balance Sheets December 31, January 1, 2022 2022 ASSETS Current Assets Cash and cash equivalents $ 10,187,522 $ 6,168,304 Accounts receivable, less allowances: 2022-$677,000; 2021-$515,000 42,886,250 43,151,500 Inventories: Raw materials and component parts 25,924,696 25,113,487 Work in process 9,323,082 9,636,009 Finished goods 29,388,813 28,112,846 64,636,591 62,862,342 Current portion of note receivable 1,006,421 1,027,125 Prepaid expenses and other assets 6,598,774 6,943,691 Current assets held for sale - 3,521,899 Total Current Assets 125,315,558 123,674,861 Property, Plant and Equipment Land 824,344 1,292,890 Buildings 14,360,165 16,318,957 Machinery and equipment 40,928,380 39,323,233 Accumulated depreciation Property, Plant and Equipment, net 26,11..." |
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| 01/26/2023 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 01/13/2023 |
8-K
| Resignation/termination of a director |
| 01/10/2023 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 11/07/2022 |
8-K
| Asset disposition |
| 09/02/2022 |
8-K
| Regulation FD Disclosure Interactive Data |
| 08/31/2022 |
8-K
| Regulation FD Disclosure Interactive Data |
| 08/08/2022 |
8-K
| Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits I...|
Docs:
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"THE EASTERN COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended Six Months Ended Net sales $ 69,540,054 $ 61,247,592 $ 138,554,702 $ 123,021,025 Cost of products sold Gross margin 15,987,822 13,976,602 30,563,502 29,485,872 Product development expense Selling general and administrative expenses Operating profit 4,886,643 3,512,685 8,399,701 9,059,999 Interest expense Other income 511,810 525,124 1,000,330 2,951,873 Income from continuing operations before income taxes 4,894,666 3,603,662 8,461,910 11,050,581 Income tax expense Net income from continuing operations 3,700,789 2,755,360 6,386,908 8,449,157 Discontinued Operations Gain from operations of discontinued operations 459,563 1,128,286 930,749 1,339,467 Loss on classification as held ..." |
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| 07/28/2022 |
8-K/A
| Quarterly results |
| 06/29/2022 |
8-K
| Quarterly results |
| 05/10/2022 |
8-K
| Quarterly results |
| 04/27/2022 |
8-K
| Submission of Matters to a Vote of Security Holders Interactive Data |
| 03/17/2022 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 03/17/2022 |
8-K
| Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits I... |
| 03/11/2022 |
8-K
| Quarterly results |
| 12/20/2021 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 12/09/2021 |
8-K
| Quarterly results |
| 11/10/2021 |
8-K
| Quarterly results |
| 08/12/2021 |
8-K
| Quarterly results |
| 04/29/2021 |
8-K
| Quarterly results |
| 04/28/2021 |
8-K
| Quarterly results |
| 03/16/2021 |
8-K
| Quarterly results |
| 03/11/2021 |
8-K
| Quarterly results |
| 01/12/2021 |
8-K
| Quarterly results |
| 12/22/2020 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 12/18/2020 |
8-K
| Other Events Interactive Data |
| 11/09/2020 |
8-K
| Regulation FD Disclosure, Financial Statements and Exhibits Interactive Data |
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