EASTERN CO
For the period ended Jun 29, 2024. Filed Aug 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 6, 2024
EML$29.48+8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| June 29,2024 | December 30,2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $11,706,497 | $8,299,453 |
| Marketable securities | 2,034,602 | 986,477 |
| Accounts receivable, less allowances: 2024 - $562,498; 2023 - $564,816 | 42,327,344 | 37,057,488 |
| Inventories | 56,879,677 | 59,272,207 |
| Current portion of notes receivable | 192,933 | 573,269 |
| Prepaid expenses and other assets | 5,127,614 | 6,047,814 |
| Total Current Assets | 118,268,667 | 112,236,708 |
| Property, Plant and Equipment | 62,804,268 | 60,270,096 |
| Accumulated depreciation | (33,485,314) | (31,980,335) |
| Property, Plant and Equipment, Net | 29,318,954 | 28,289,761 |
| Goodwill | 70,700,912 | 70,776,893 |
| Trademarks | 5,514,853 | 5,514,960 |
| Patents and other intangibles net of accumulated amortization | 13,372,930 | 15,325,927 |
| Long term notes receivable, less current portion | 284,330 | 374,932 |
| Deferred Income Taxes | 2,536,357 | 2,283,571 |
| Right of Use Assets | 15,682,994 | 17,236,449 |
| Other Long-Term Assets | 222,504 | - |
| Total Other Assets | 108,314,880 | 111,512,732 |
| TOTAL ASSETS | $255,902,501 | $252,039,201 |
| See accompanying notes. | ||
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Table of Contents
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 29,2024 | December 30,2023 | |
|---|---|---|
| (unaudited) | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $27,683,500 | $25,319,473 |
| Accrued compensation | 5,493,325 | 5,379,381 |
| Other accrued expenses | 5,098,540 | 4,556,623 |
| Current portion of operating lease liability | 3,846,537 | 4,424,369 |
| Current portion of finance lease liability | 182,219 | 182,010 |
| Current portion of long-term debt | 2,853,935 | 2,871,870 |
| Other current liabilities | 296,866 | - |
| Total Current Liabilities | 45,454,922 | 42,733,726 |
| Other long-term liabilities | 640,724 | 640,724 |
| Operating lease liability, less current portion | 11,836,457 | 12,812,079 |
| Finance lease liability, less current portion | 665,217 | 728,100 |
| Long-term debt, less current portion | 39,575,849 | 41,063,865 |
| Accrued postretirement benefits | 579,832 | 554,758 |
| Accrued pension cost | 20,662,798 | 21,025,365 |
| Total Liabilities | 119,415,799 | 119,558,617 |
| Shareholders’ Equity | ||
| Voting Preferred Stock, no par value: | ||
| Authorized and unissued: 1,000,000 shares | ||
| Nonvoting Preferred Stock, no par value: | ||
| Authorized and unissued: 1,000,000 shares | ||
| Common Stock, no par value, Authorized: 50,000,000 shares | 34,575,179 | 33,950,859 |
| Treasury Stock: 2,894,521 shares as of 2024 and 2,874,445 shares as of 2023 | (23,762,587) | (23,280,467) |
| Retained earnings | 148,891,689 | 144,805,168 |
| Accumulated other comprehensive loss: | ||
| Foreign currency translation | (1,495,677) | (866,599) |
| Unrealized loss on foreign currency swap, net of tax | (74,362) | - |
| Unrecognized net pension and postretirement benefit costs, net of tax | (21,647,540) | (22,128,377) |
| Accumulated other comprehensive loss | (23,217,579) | (22,994,976) |
| Total Shareholders’ Equity | 136,486,702 | 132,480,584 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $255,902,501 | $252,039,201 |
| See accompanying notes. | ||
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Table of Contents
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.