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") 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 manufacture and sale of industrial hardware, security products and metal products from six U.S. operations and seven wholly-owned foreign subsidiaries. The Company maintains thirteen physical locations. RECENT DEVELOPMENTS On January 13, 2016, the Board of Directors of the Company approved amendments to the Certificate of Incorporation and the By-Laws of the Company which will eliminate the classification of the Board of Directors in a phased in manner and will provide for the election of directors by a majority of the votes cast at the Annual Meeting of Shareholders. The declassification of the Board of Directors and the election of Directors by a majority of the votes cast became effective at the Annual Meeting of Shareholders held on April 27, 2016.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
03/20160.880.11018.66
12/20150.920.11020.43

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.78Total Liab/Total Assets0.34
Net Inc/Total Assets0.06Total Liab/Inv Cap0.38
Net Inc/Inv Cap0.07Total Liab/Comm Equity4.16
Pretax Inc/Net Sales0.08Interest Coverage Ratio93.37
Net Inc/Net Sales0.06Curr Debt/Equity0.01
Cash Flow/Net Sales0.09LTD/Equity0.01
SG&A/NetSales0.17Total Debt/Equity0.02
Asset Utilization   Liquidity  
Net Receivables Turnover7.33Quick Ratio3.39
Inventory Turnover2.92Current Ratio6.04
Inventory Day Sales0.01Net Rec/Curr Assets0.25
Net Sales/Work Cap2.12Inv/Curr Assets0.44
Net Sales/PP&E5.26  

Income Statement (Millions)

  9/30/2017 7/1/2017 4/1/2017 12/31/2016
Total Revenues(Net Sales) 56.01 58.04 36.04 34.14
Cost of Goods Sold 42.09 44.04 27.76 25.34
Selling & Admin Exps 6.18 11.52 6.05 7.00
Operating Income 3.57 2.49 2.24 3.81
Interest Exp 0.33 0.31 0.02 0.02
Pretax Income 3.26 2.21 2.23 3.94
Other Income 0.01 0.04 0.02 0.15
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 2.23 1.47 1.52 2.65

Balance Sheet (Millions)

Assets 9/30/2017 7/1/2017 4/1/2017 12/31/2016
Cash & Short Term Investments 21.56 19.40 23.80 22.73
Receivables - Total 28.45 28.93 19.96 19.08
Inventories - Total 45.21 44.08 32.51 34.03
Total Current Assets 99.62 95.95 78.24 77.70
Net Property, Plant & Equipment 28.87 29.29 25.80 26.17
Total Assets 175.36 172.05 125.15 124.20
Liabilities        
Accounts Payable 24.96 23.09 11.92 11.97
Debt in Current Liabilities 6.55 6.55 0.71 0.89
Total Current Liabilities 31.51 29.64 12.64 12.87
Long-Term Debt 29.06 29.45 0.71 0.89
Total Liabilities 87.66 86.66 41.13 41.73
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 29.28 29.23 29.19 29.15
Retained Earnings 98.78 97.24 96.46 95.63
Treasury Stock -19.11 -19.11 -19.11 -19.11
Total Stockholders' Equity 87.62 85.40 84.02 82.47
Total Liabilities and Stockholders' Equity 175.28 172.05 125.15 124.20

Cash Flow Summary (Millions)

Categories 9/30/2017 7/1/2017 4/1/2017 12/31/2016
Net Cash Provided by Operating Activities 3.87 3.92 2.39 3.43
Net Cash Provided by Investing Activities -0.80 -42.47 -0.70 -1.04
Net Cash Provided by Financing Activities -1.08 33.88 -1.05 -1.05

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012157.518.631.38
12/2013142.466.901.11
12/2014140.837.661.23
12/2015144.575.730.92
12/2016137.617.791.25
Growth Rates-3.32-2.53-2.44

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17594,23067.56




Report Date : 12/11/2017

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