EASTERN CO

For the period ended Sep 28, 2024. Filed Nov 5, 2024.

About 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.

Sep 28, 2024 · Filed Nov 5, 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 exhibits

Contents

Condensed Consolidated Balance Sheets

	September 28, 2024	December 30, 2023
(unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$7,670,541	$8,048,127
Marketable securities	2,034,602	986,477
Accounts receivable, less allowances: 2024 - $470,870; 2023 - $534,476	45,999,803	34,204,581
Inventories	58,125,362	58,396,679
Current portion of notes receivable	239,261	573,269
Prepaid expenses and other assets	2,356,524	5,443,778
Current assets held for sale	9,643,534	4,583,797
Total Current Assets	126,069,627	112,236,708
Property, Plant and Equipment	59,890,704	52,684,476
Accumulated depreciation	(31,095,676)	(29,162,438)
Property, Plant and Equipment, Net	28,795,028	23,522,038
Goodwill	58,576,197	58,576,198
Trademarks	3,946,651	3,914,409
Patents and other intangibles net of accumulated amortization	9,373,296	11,182,167
Long-term notes receivable, less current portion	238,002	374,932
Deferred Income Taxes	2,536,357	2,283,571
Right of Use Assets	14,645,336	17,064,137
Other Long-Term Assets	42,510	-
Long-term assets held for sale	-	22,885,041
Total Other Assets	89,358,349	116,280,455
TOTAL ASSETS	$244,223,004	$252,039,201
See accompanying notes.

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 28, 2024	December 30, 2023
(unaudited)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$23,988,401	$24,554,117
Accrued compensation	5,142,966	5,194,830
Other accrued expenses	8,252,803	3,965,335
Current portion of operating lease liability	3,373,500	4,336,794
Current portion of finance lease liability	721,178	175,231
Current portion of long-term debt	3,228,935	2,871,870
Other current liabilities	578,071	-
Current liabilities held for sale	2,541,189	1,635,549
Total Current Liabilities	47,827,043	42,733,726
Other long-term liabilities	640,724	730,970
Operating lease liability, less current portion	11,271,835	12,727,344
Finance lease liability, less current portion	3,050,529	715,669
Long-term debt, less current portion	41,487,366	41,063,865
Accrued postretirement benefits	594,167	554,758
Accrued pension cost	20,111,130	21,025,365
Long-term liabilities held for sale	-	6,920
Total Liabilities	124,982,794	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	34,864,634	33,950,859
Treasury Stock: 2,894,521 shares as of 2024 and 2,874,445 shares as of 2023	(25,196,598)	(23,280,467)
Retained earnings	132,912,235	144,805,168
Accumulated other comprehensive loss:
Foreign currency translation	(1,394,461)	(866,599)
Unrealized loss on foreign currency swap, net of tax	(535,561)	-
Unrecognized net pension and postretirement benefit costs, net of tax	(21,410,039)	(22,128,377)
Accumulated other comprehensive loss	(23,340,061)	(22,994,976)
Total Shareholders’ Equity	119,240,210	132,480,584
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$244,223,004	$252,039,201
See accompanying notes.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.