Company Information

  

Address: 112 BRIDGE ST
P O BOX 460 
City: NAUGATUCK 
State: CT 
Zip Code: 06770 
Telephone: 203-729-2255 

Description of Business

Primary SIC Code: 3420
(As filed with the SEC)  

The Eastern Company (the "Company," "Eastern," "we," "us," or "our") was incorporated under the laws of the State of Connecticut in October, 1912, succeeding a co-partnership established in October, 1858. The business of the Company is the design, manufacture and sale of industrial hardware, security products and metal products. Today, the Company maintains sixteen physical locations across North America and Asia. RECENT DEVELOPMENTS On April 3, 2017, the Company completed a Securities Purchase Agreement (the "Securities Purchase Agreement") with Velvac Holdings, Inc., a Delaware corporation ("Velvac"), Jeffery R. Porter, W. Greg Bland, John Backovitch, Dave Otto, Bob Otto, Timothy Rintelman, Robert Brester, Dan Mcgrew, Mark Moeller, and Prospect Partners II, L.P. (collectively, the "Sellers").  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.060.11026.89
12/20170.800.11032.69
09/20171.260.11022.78
06/20171.280.11023.48
03/20171.390.11015.43
12/20161.250.11016.72
09/20161.100.11018.20
06/20161.130.11014.67

Key Financial Ratios and Statistics

FYE: 12/30

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.49Total Liab/Total Assets0.51
Net Inc/Total Assets0.03Total Liab/Inv Cap0.65
Net Inc/Inv Cap0.04Total Liab/Comm Equity8.61
Pretax Inc/Net Sales0.06Interest Coverage Ratio12.73
Net Inc/Net Sales0.02Curr Debt/Equity0.08
Cash Flow/Net Sales0.05LTD/Equity0.33
SG&A/NetSales0.16Total Debt/Equity0.41
Asset Utilization   Liquidity  
Net Receivables Turnover8.84Quick Ratio1.69
Inventory Turnover3.79Current Ratio3.20
Inventory Day Sales0.01Net Rec/Curr Assets0.27
Net Sales/Work Cap2.97Inv/Curr Assets0.47
Net Sales/PP&E7.00  

Income Statement (Millions)

  3/31/2018 12/30/2017 9/30/2017 7/1/2017
Total Revenues(Net Sales) 59.44 54.14 56.01 58.04
Cost of Goods Sold 44.72 40.30 42.09 44.44
Selling & Admin Exps 9.16 8.40 6.18 11.69
Operating Income 4.17 3.98 3.57 2.55
Interest Exp 0.30 0.32 0.33 0.31
Pretax Income 4.09 3.75 3.26 2.21
Other Income 0.22 0.09 0.01 -0.02
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3.10 -0.17 2.23 1.47

Balance Sheet (Millions)

Assets 3/31/2018 12/30/2017 9/30/2017 7/1/2017
Cash & Short Term Investments 16.36 22.28 21.56 19.40
Receivables - Total 30.30 27.12 28.45 28.93
Inventories - Total 48.98 47.27 45.21 44.08
Total Current Assets 99.26 100.07 99.62 95.95
Net Property, Plant & Equipment 28.87 29.19 28.87 29.29
Total Assets 175.77 176.46 175.36 172.05
Liabilities        
Accounts Payable 22.99 22.69 24.96 23.09
Debt in Current Liabilities 2.55 6.55 6.55 6.55
Total Current Liabilities 27.61 31.31 31.51 29.64
Long-Term Debt 28.29 28.68 29.06 29.45
Total Liabilities 85.34 89.53 87.66 86.66
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 29.61 29.50 29.28 29.23
Retained Earnings 100.31 97.92 98.78 97.24
Treasury Stock -19.11 -19.11 -19.11 -19.11
Total Stockholders' Equity 90.42 86.93 87.62 85.40
Total Liabilities and Stockholders' Equity 175.77 176.46 175.28 172.05

Cash Flow Summary (Millions)

Categories 3/31/2018 12/30/2017 9/30/2017 7/1/2017
Net Cash Provided by Operating Activities 0.10 1.01 3.87 3.92
Net Cash Provided by Investing Activities -1.34 1.18 -0.80 -42.47
Net Cash Provided by Financing Activities -5.08 -1.08 -1.08 33.88

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013142.466.901.11
12/2014140.837.661.23
12/2015144.575.730.92
12/2016137.617.791.25
12/2017204.245.050.80
Growth Rates9.42-7.53-7.86

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18564,10065.46




Report Date : 7/16/2018

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