$EML
EASTERN CO

2019 Q2 Form 10-Q Financial Statement

#000003110719000027 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $61.44M $60.86M
YoY Change 0.95% 68.87%
Cost Of Revenue $46.43M $45.81M
YoY Change 1.36% 65.01%
Gross Profit $15.01M $15.05M
YoY Change -0.29% 81.58%
Gross Profit Margin 24.43% 24.73%
Selling, General & Admin $8.077M $9.083M
YoY Change -11.08% 50.13%
% of Gross Profit 53.81% 60.34%
Research & Development $2.175M $1.582M
YoY Change 37.5%
% of Gross Profit 14.49% 10.51%
Depreciation & Amortization $950.0K $1.160M
YoY Change -18.1% 20.83%
% of Gross Profit 6.33% 7.71%
Operating Expenses $10.25M $10.66M
YoY Change -3.88% 76.28%
Operating Profit $2.959M $4.389M
YoY Change -32.57% 95.92%
Interest Expense $261.6K $312.1K
YoY Change -16.16% -1660.3%
% of Operating Profit 8.84% 7.11%
Other Income/Expense, Net $586.8K $225.8K
YoY Change 159.92% 1028.85%
Pretax Income $3.284M $4.302M
YoY Change -23.66% 92.92%
Income Tax $754.7K $1.044M
% Of Pretax Income 22.98% 24.26%
Net Earnings $2.530M $3.258M
YoY Change -22.36% 114.37%
Net Earnings / Revenue 4.12% 5.35%
Basic Earnings Per Share $0.41 $0.52
Diluted Earnings Per Share $0.40 $0.52
COMMON SHARES
Basic Shares Outstanding 6.234M shares 6.265M
Diluted Shares Outstanding 6.263M shares 6.292M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.70M $19.00M
YoY Change -27.89% -20.17%
Cash & Equivalents $13.67M $18.98M
Short-Term Investments $0.00
Other Short-Term Assets $3.200M $3.800M
YoY Change -15.79% 90.0%
Inventory $49.27M $49.90M
Prepaid Expenses
Receivables $32.10M $30.40M
Other Receivables $1.100M $0.00
Total Short-Term Assets $99.31M $103.2M
YoY Change -3.77% 31.97%
LONG-TERM ASSETS
Property, Plant & Equipment $26.99M $29.50M
YoY Change -8.49% 14.34%
Goodwill $34.88M
YoY Change
Intangibles $3.686M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.400M $1.800M
YoY Change -22.22% -59.09%
Total Long-Term Assets $86.10M $80.90M
YoY Change 6.43% 72.49%
TOTAL ASSETS
Total Short-Term Assets $99.31M $103.2M
Total Long-Term Assets $86.10M $80.90M
Total Assets $185.4M $184.1M
YoY Change 0.71% 47.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.50M $18.10M
YoY Change 2.24% 126.25%
Accrued Expenses $6.700M $6.900M
YoY Change -2.9% 72.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.100M $7.600M
YoY Change -59.21% 985.71%
Total Short-Term Liabilities $28.34M $34.60M
YoY Change -18.09% 174.6%
LONG-TERM LIABILITIES
Long-Term Debt $19.30M $27.90M
YoY Change -30.82% 3885.71%
Other Long-Term Liabilities $353.9K $27.40M
YoY Change -98.71% -1.44%
Total Long-Term Liabilities $19.65M $55.30M
YoY Change -64.46% 94.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.34M $34.60M
Total Long-Term Liabilities $19.65M $55.30M
Total Liabilities $48.00M $91.60M
YoY Change -47.6% 122.87%
SHAREHOLDERS EQUITY
Retained Earnings $112.4M
YoY Change
Common Stock $30.29M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.17M
YoY Change
Treasury Stock Shares $2.735M
Shareholders Equity $100.3M $92.50M
YoY Change
Total Liabilities & Shareholders Equity $185.4M $184.1M
YoY Change 0.71% 47.16%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $2.530M $3.258M
YoY Change -22.36% 114.37%
Depreciation, Depletion And Amortization $950.0K $1.160M
YoY Change -18.1% 20.83%
Cash From Operating Activities $7.220M $5.510M
YoY Change 31.03% 130.54%
INVESTING ACTIVITIES
Capital Expenditures -$410.0K -$1.340M
YoY Change -69.4% 173.47%
Acquisitions
YoY Change
Other Investing Activities $70.00K -$4.990M
YoY Change -101.4% 2168.18%
Cash From Investing Activities -$350.0K -$6.340M
YoY Change -94.48% 805.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.500M
YoY Change
Cash From Financing Activities -6.580M 3.930M
YoY Change -267.43% -474.29%
NET CHANGE
Cash From Operating Activities 7.220M 5.510M
Cash From Investing Activities -350.0K -6.340M
Cash From Financing Activities -6.580M 3.930M
Net Change In Cash 290.0K 3.100M
YoY Change -90.65% 384.38%
FREE CASH FLOW
Cash From Operating Activities $7.220M $5.510M
Capital Expenditures -$410.0K -$1.340M
Free Cash Flow $7.630M $6.850M
YoY Change 11.39% 137.85%

Facts In Submission

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