Q - EASTERN CO

For the period ended Jun 28, 2025. Filed Aug 5, 2025.

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.

Jun 28, 2025 · Filed Aug 5, 2025

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

	June 28, 2025	December 28, 2024
(unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$9,110,311	$14,010,388
Marketable Securities	-	2,051,301
Accounts receivable, less allowances: 2025 - $585,993 2024 - $530,560	40,236,949	35,515,632
Inventories	54,140,269	55,209,598
Current portion of notes receivable	51,457	286,287
Prepaid expenses and other assets	4,406,534	3,477,717
Current assets held for sale	-	5,071,828
Total Current Assets	107,945,520	115,622,751
Property, Plant and Equipment	59,637,113	56,320,688
Accumulated depreciation	(32,473,594)	(28,810,628)
Property, Plant and Equipment, Net	27,163,519	27,510,060
Goodwill	58,637,593	58,509,384
Trademarks	3,841,579	3,946,455
Patents and other intangibles net of accumulated amortization	7,764,381	8,765,612
Long term notes receivable, less current portion	82,386	162,102
Deferred income taxes	6,611,518	6,611,518
Right of use assets	17,362,814	14,180,865
Total Other Assets	94,300,271	92,175,936
TOTAL ASSETS	$229,409,310	$235,308,747
See accompanying notes.

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Table of Contents

THE EASTERN COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 28, 2025	December 28, 2024
(unaudited)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$23,137,927	$19,650,970
Accrued compensation	5,157,522	5,478,581
Other accrued expenses	3,222,704	9,577,019
Current portion of operating lease liability	3,906,222	3,072,668
Current portion of finance lease liability	747,340	761,669
Current portion of long-term debt	4,302,654	3,603,935
Other current liabilities	-	505,376
Current liabilities held for sale	-	2,144,573
Total Current Liabilities	40,474,369	44,794,791
Other long-term liabilities	546,398	546,395
Operating lease liability, less current portion	13,456,592	11,108,197
Finance lease liability, less current portion	2,823,438	3,052,073
Long-term debt, less current portion	32,115,881	38,640,576
Accrued postretirement benefits	415,878	410,476
Accrued pension cost	15,127,781	16,064,840
Total Liabilities	104,960,337	114,617,348
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	35,732,135	35,443,009
Treasury Stock: 3,065,407 shares as of 2025 and 2,983,858 shares as of 2024	(28,462,013)	(26,338,309)
Retained earnings	137,581,573	133,545,670
Accumulated other comprehensive loss:
Foreign currency translation	(1,878,997)	(2,276,590)
Unrealized gain (loss) on foreign currency swap, net of tax	241,827	(505,376)
Unrecognized net pension and postretirement benefit costs, net of tax	(18,765,552)	(19,177,005)
Accumulated other comprehensive loss	(20,402,722)	(21,958,971)
Total Shareholders’ Equity	124,448,973	120,691,399
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$229,409,310	$235,308,747
See accompanying notes.

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Table of Contents

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.