Q - EASTERN CO
For the period ended Jun 28, 2025. Filed Aug 5, 2025.
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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 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 exhibitsContents
Condensed Consolidated Statements of Operations
| THE EASTERN COMPANY AND SUBSIDIARIES | ||||
|---|---|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||
| Three Months Ended | Six Months Ended | |||
| June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | |
| Net sales | $70,164,086 | $72,564,231 | $136,101,298 | $139,798,820 |
| Cost of products sold | (53,801,184) | (54,108,036) | (104,642,211) | (105,103,868) |
| Gross margin | 16,362,902 | 18,456,195 | 31,459,087 | 34,694,952 |
| Product development expense | (1,031,716) | (1,301,487) | (2,140,902) | (2,661,284) |
| Selling and administrative expenses | (12,188,736) | (11,140,681) | (22,534,931) | (22,261,047) |
| Operating profit | 3,142,450 | 6,014,027 | 6,783,254 | 9,772,621 |
| Interest expense | (636,287) | (746,941) | (1,330,941) | (1,507,472) |
| Other income (expense) | 75,210 | (20,066) | (124,495) | (9,712) |
| Income from continuing operations before income taxes | 2,581,373 | 5,247,020 | 5,327,818 | 8,255,437 |
| Income tax expense | (546,383) | (1,176,830) | (1,124,703) | (1,844,265) |
| Net income from continuing operations | $2,034,990 | $4,070,190 | $4,203,115 | $6,411,172 |
| Discontinued Operations (see note B) | ||||
| Loss from operations of discontinued unit | $(234,237) | $(724,903) | $(520,005) | $(1,230,656) |
| Income from disposal of discontinued unit | 2,016,696 | - | 2,016,696 | - |
| Income tax (expense) benefit | (377,282) | 162,585 | (315,952) | $274,929 |
| Income (Loss) from discontinued operations | $1,405,177 | $(562,318) | $1,180,739 | $(955,727) |
| Net Income | $3,440,167 | $3,507,872 | $5,383,854 | $5,455,445 |
| Earnings per share from continuing operations: | ||||
| Basic | $0.33 | $0.65 | $0.69 | $1.03 |
| Diluted | $0.33 | $0.65 | $0.69 | $1.02 |
| Earnings (Loss) per share from discontinued operations: | ||||
| Basic | $0.23 | $(0.09) | $0.19 | $(0.15) |
| Diluted | $0.23 | $(0.09) | $0.19 | $(0.15) |
| Total earnings per share: | ||||
| Basic | $0.56 | $0.56 | $0.88 | $0.88 |
| Diluted | $0.56 | $0.56 | $0.88 | $0.87 |
| Cash dividends per share: | $0.11 | $0.11 | $0.22 | $0.22 |
| See accompanying notes. | ||||
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