EASTERN CO
For the period ended Jun 29, 2024. Filed Aug 6, 2024.
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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
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Condensed Consolidated Statements of Operations
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||
|---|---|---|---|---|
| Three Months Ended | Six Months Ended | |||
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net sales | $73,151,889 | $68,337,790 | $141,080,976 | $140,833,158 |
| Cost of products sold | (54,941,336) | (53,189,948) | (106,674,324) | (110,187,615) |
| Gross margin | 18,210,553 | 15,147,842 | 34,406,652 | 30,645,543 |
| Product development expense | (1,301,487) | (1,431,110) | (2,661,284) | (2,832,309) |
| Selling and administrative expenses | (11,536,949) | (11,289,037) | (23,035,906) | (23,226,674) |
| Operating profit | 5,372,117 | 2,427,695 | 8,709,462 | 4,586,560 |
| Interest expense | (829,934) | (781,104) | (1,674,969) | (1,507,110) |
| Other (expense) income | (20,066) | 252,180 | (9,712) | (378,520) |
| Income before income taxes | 4,522,117 | 1,898,771 | 7,024,781 | 2,700,930 |
| Income tax expense | (1,014,245) | (499,564) | (1,569,336) | (694,409) |
| Net income | $3,507,872 | $1,399,207 | $5,455,445 | $2,006,521 |
| Earnings per share: | ||||
| Basic | $0.56 | $0.22 | $0.88 | $0.32 |
| Diluted | $0.56 | $0.22 | $0.87 | $0.32 |
| Cash dividends per share: | $0.11 | $0.11 | $0.22 | $0.22 |
| See accompanying notes. | ||||
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