2023 Q2 Form 10-Q Financial Statement

#000165495423006022 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q2
Revenue $72.50M $69.01M
YoY Change 5.04% -5.59%
Cost Of Revenue $57.00M $54.44M
YoY Change 4.7% 17.67%
Gross Profit $15.50M $14.58M
YoY Change 6.33% -6.02%
Gross Profit Margin 21.38% 21.12%
Selling, General & Admin $11.94M $9.866M
YoY Change 21.0% 10.3%
% of Gross Profit 77.03% 67.69%
Research & Development $1.401M $1.197M
YoY Change 17.06% 17.63%
% of Gross Profit 9.04% 8.21%
Depreciation & Amortization $1.815M $1.830M
YoY Change -0.86% -16.52%
% of Gross Profit 11.71% 12.56%
Operating Expenses $13.34M $11.06M
YoY Change 20.58% 11.05%
Operating Profit $2.159M $3.513M
YoY Change -38.55% -36.67%
Interest Expense $726.0K $434.3K
YoY Change 67.15% -17.61%
% of Operating Profit 33.63% 12.36%
Other Income/Expense, Net $155.1K $488.5K
YoY Change -68.26% -79.87%
Pretax Income $802.2K $3.567M
YoY Change -77.51% -52.1%
Income Tax $194.8K $881.1K
% Of Pretax Income 24.29% 24.7%
Net Earnings $607.3K $3.030M
YoY Change -79.96% -48.12%
Net Earnings / Revenue 0.84% 4.39%
Basic Earnings Per Share $0.10 $0.43
Diluted Earnings Per Share $0.10 $0.43
COMMON SHARES
Basic Shares Outstanding 6.223M shares 6.248M shares
Diluted Shares Outstanding 6.234M shares 6.260M shares

Balance Sheet

Concept 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.07M $5.074M
YoY Change 157.63% -71.01%
Cash & Equivalents $13.07M $5.074M
Short-Term Investments
Other Short-Term Assets $6.639M $12.50M
YoY Change -46.9% 135.91%
Inventory $57.65M $67.78M
Prepaid Expenses
Receivables $44.48M $46.97M
Other Receivables $214.8K $1.027M
Total Short-Term Assets $122.1M $133.3M
YoY Change -8.46% 11.6%
LONG-TERM ASSETS
Property, Plant & Equipment $26.44M $26.59M
YoY Change -0.57% -32.32%
Goodwill $70.79M $72.23M
YoY Change -1.99% -6.1%
Intangibles $5.515M $5.485M
YoY Change 0.55% 1.49%
Long-Term Investments
YoY Change
Other Assets $489.0K
YoY Change
Total Long-Term Assets $133.7M $140.2M
YoY Change -4.61% -13.49%
TOTAL ASSETS
Total Short-Term Assets $122.1M $133.3M
Total Long-Term Assets $133.7M $140.2M
Total Assets $255.8M $273.5M
YoY Change -6.49% -2.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.64M $33.65M
YoY Change -20.83% 32.72%
Accrued Expenses $9.165M $5.066M
YoY Change 80.91% -30.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.375M $7.500M
YoY Change 25.0% 6.19%
Total Short-Term Liabilities $45.33M $50.16M
YoY Change -9.63% 17.29%
LONG-TERM LIABILITIES
Long-Term Debt $49.66M $66.96M
YoY Change -25.83% -16.82%
Other Long-Term Liabilities $754.8K $668.4K
YoY Change 12.93% -41.58%
Total Long-Term Liabilities $50.42M $67.63M
YoY Change -25.45% 5810.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.33M $50.16M
Total Long-Term Liabilities $50.42M $67.63M
Total Liabilities $129.0M $155.6M
YoY Change -17.15% -8.86%
SHAREHOLDERS EQUITY
Retained Earnings $138.9M $131.7M
YoY Change 5.51% 2.57%
Common Stock $33.54M $32.84M
YoY Change 2.12% 3.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.54M $21.67M
YoY Change 4.01% -205.53%
Treasury Stock Shares 2.834M shares
Shareholders Equity $126.8M $117.9M
YoY Change
Total Liabilities & Shareholders Equity $255.8M $273.5M
YoY Change -6.49% -2.84%

Cashflow Statement

Concept 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $607.3K $3.030M
YoY Change -79.96% -48.12%
Depreciation, Depletion And Amortization $1.815M $1.830M
YoY Change -0.86% -16.52%
Cash From Operating Activities $6.860M -$3.953M
YoY Change -273.53% -288.25%
INVESTING ACTIVITIES
Capital Expenditures $1.151M -$572.1K
YoY Change -301.24% -162.21%
Acquisitions $500.0K
YoY Change
Other Investing Activities $2.233M $1.546M
YoY Change 44.42% -24.94%
Cash From Investing Activities $1.082M $974.3K
YoY Change 11.06% -14.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $4.858M $1.852M
YoY Change 162.3% 59.38%
Cash From Financing Activities -$5.087M 1.602M
YoY Change -417.62% -186.27%
NET CHANGE
Cash From Operating Activities $6.860M -3.953M
Cash From Investing Activities $1.082M 974.3K
Cash From Financing Activities -$5.087M 1.602M
Net Change In Cash $2.883M -1.377M
YoY Change -309.34% -199.39%
FREE CASH FLOW
Cash From Operating Activities $6.860M -$3.953M
Capital Expenditures $1.151M -$572.1K
Free Cash Flow $5.709M -$3.381M
YoY Change -268.84% -386.44%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 eml Income Tax Expense Benefit Discontinued Operations
IncomeTaxExpenseBenefitDiscontinuedOperations
126867 usd
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
344320 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
607313 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
43300 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3030438 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.10
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.43
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.10
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.43
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.06
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.05
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2023Q2 dei Document Type
DocumentType
10-Q
CY2023Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q2 dei Document Period End Date
DocumentPeriodEndDate
2023-04-01
CY2023Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q2 dei Entity File Number
EntityFileNumber
001-35383
CY2023Q2 dei Entity Registrant Name
EntityRegistrantName
THE EASTERN COMPANY
CY2023Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
CT
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2023Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
06-0330020
CY2023Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
3 Enterprise Drive
CY2023Q2 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 408
CY2023Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Shelton
CY2023Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
CY2023Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06484
CY2023Q2 dei City Area Code
CityAreaCode
203
CY2023Q2 dei Local Phone Number
LocalPhoneNumber
729-2255
CY2023Q2 dei Security12b Title
Security12bTitle
Common Stock, No Par Value
CY2023Q2 dei Trading Symbol
TradingSymbol
EML
CY2023Q2 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q2 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2023Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q2 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6231612 shares
CY2023Q2 us-gaap Revenues
Revenues
72495367 usd
CY2022Q2 us-gaap Revenues
Revenues
69014648 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
56997668 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
54438968 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
15497699 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
14575680 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1401199 usd
CY2023Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000031107
CY2023Q2 dei Amendment Flag
AmendmentFlag
false
CY2023Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q2 eml Voting Preferred Stock No Par Value
VotingPreferredStockNoParValue
0
CY2022Q4 eml Voting Preferred Stock No Par Value
VotingPreferredStockNoParValue
0
CY2022Q4 eml Voting Preferred Stock Shares Authorized In Shares
VotingPreferredStockSharesAuthorizedInShares
1000000 shares
CY2023Q2 eml Nonvoting Preferred Stock No Par Value
NonvotingPreferredStockNoParValue
0
CY2022Q4 eml Nonvoting Preferred Stock No Par Value
NonvotingPreferredStockNoParValue
0
CY2022Q4 eml Nonvoting Preferred Stock Shares Authorized In Shares
NonvotingPreferredStockSharesAuthorizedInShares
1000000 shares
CY2023Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1197008 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11937637 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9865614 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2158863 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3513058 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
726006 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
434335 usd
CY2023Q2 us-gaap Other Income
OtherIncome
630699 usd
CY2022Q2 us-gaap Other Income
OtherIncome
488520 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
802158 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3567243 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
194845 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
881125 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
607313 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2686118 usd
CY2023Q2 eml Gain From Operations Of Discontinued Units1
GainFromOperationsOfDiscontinuedUnits1
0 usd
CY2022Q2 eml Gain From Operations Of Discontinued Units1
GainFromOperationsOfDiscontinuedUnits1
471187 usd
CY2023Q2 eml Income Tax Expense Benefit Discontinued Operations
IncomeTaxExpenseBenefitDiscontinuedOperations
0 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q2 eml Capital Lease Obligation Current
CapitalLeaseObligationCurrent
2100000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.11
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.11
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
607313 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3030438 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
336585 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
202281 usd
CY2023Q2 eml Change In Fair Value Of Interest Rate Swap Net Of Tax
ChangeInFairValueOfInterestRateSwapNetOfTax
-277687 usd
CY2022Q2 eml Change In Fair Value Of Interest Rate Swap Net Of Tax
ChangeInFairValueOfInterestRateSwapNetOfTax
1056511 usd
CY2023Q2 eml Change In Pension And Other Postretirement Benefit Costs Net Of Taxes
ChangeInPensionAndOtherPostretirementBenefitCostsNetOfTaxes
252668 usd
CY2022Q2 eml Change In Pension And Other Postretirement Benefit Costs Net Of Taxes
ChangeInPensionAndOtherPostretirementBenefitCostsNetOfTaxes
313408 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
311566 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1572200 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
918879 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4602638 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13071017 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10187522 usd
CY2023Q2 eml Accounts Receivable Allowance For Doubtful Accounts
AccountsReceivableAllowanceForDoubtfulAccounts
676000 usd
CY2022Q4 eml Accounts Receivable Allowance For Doubtful Accounts
AccountsReceivableAllowanceForDoubtfulAccounts
677000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
44481853 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
42886250 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
57652961 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
64636591 usd
CY2023Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
214780 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1006421 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6639228 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6598774 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
122059839 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
125315558 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
57318367 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
56112889 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30877891 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30000797 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26440476 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26112092 usd
CY2023Q2 us-gaap Goodwill
Goodwill
70788971 usd
CY2022Q4 us-gaap Goodwill
Goodwill
70777459 usd
CY2023Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
5514888 usd
CY2022Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
5514886 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17987968 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18819897 usd
CY2023Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
905851 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
2276631 usd
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
488989 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
488989 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11564607 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12217521 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
107251274 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
110095383 usd
CY2023Q2 us-gaap Assets
Assets
255751589 usd
CY2022Q4 us-gaap Assets
Assets
261523033 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
26643423 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
27638317 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2233923 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3327832 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3900764 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3944964 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3030116 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3059547 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
150773 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
9375000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
9010793 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
45333999 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
46981453 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
754762 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
754762 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8556037 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9195205 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
846547 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
49661128 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
55136231 usd
CY2023Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
664293 usd
CY2022Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
666222 usd
CY2023Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
23134787 usd
CY2022Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
22174465 usd
CY2023Q2 us-gaap Liabilities
Liabilities
128951553 usd
CY2022Q4 us-gaap Liabilities
Liabilities
134908338 usd
CY2023Q2 eml Voting Preferred Stock Shares Authorized In Shares
VotingPreferredStockSharesAuthorizedInShares
1000000 shares
CY2023Q2 eml Nonvoting Preferred Stock Shares Authorized In Shares
NonvotingPreferredStockSharesAuthorizedInShares
1000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
33536918 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
33586165 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9066057 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9056421 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6231612 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6221976 shares
CY2023Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2834445 shares
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2834445 shares
CY2023Q2 us-gaap Treasury Stock Value
TreasuryStockValue
22544684 usd
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
22544684 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
138908874 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
138985852 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-804393 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1140978 usd
CY2023Q2 eml Accumulated Other Comprehensive Income Loss Unrealised Loss Gain On Interest Rate Swap Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealisedLossGainOnInterestRateSwapNetOfTax
1172067 usd
CY2022Q4 eml Accumulated Other Comprehensive Income Loss Unrealised Loss Gain On Interest Rate Swap Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealisedLossGainOnInterestRateSwapNetOfTax
1449754 usd
CY2023Q2 eml Accumulated Other Comprehensive Income Loss Unrecognized Net Pension And Postretirement Benefit Costs Net Of Tax B5
AccumulatedOtherComprehensiveIncomeLossUnrecognizedNetPensionAndPostretirementBenefitCostsNetOfTaxB5
-23468746 usd
CY2022Q4 eml Accumulated Other Comprehensive Income Loss Unrecognized Net Pension And Postretirement Benefit Costs Net Of Tax B5
AccumulatedOtherComprehensiveIncomeLossUnrecognizedNetPensionAndPostretirementBenefitCostsNetOfTaxB5
-23721414 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-23101072 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-23412638 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
126800036 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
126614695 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
255751589 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
261523033 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
607313 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3030438 usd
CY2023Q2 eml Less Gain From Discontinued Operations
LessGainFromDiscontinuedOperations
0 usd
CY2022Q2 eml Less Gain From Discontinued Operations
LessGainFromDiscontinuedOperations
344320 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
607313 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2686118 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1814749 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1830427 usd
CY2023Q2 eml Unrecognized Pension And Postretirement Benefits
UnrecognizedPensionAndPostretirementBenefits
880421 usd
CY2022Q2 eml Unrecognized Pension And Postretirement Benefits
UnrecognizedPensionAndPostretirementBenefits
247133 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
268770 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3269 usd
CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19740 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
-49246 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
221468 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1585976 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3951314 usd
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7212179 usd
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4902631 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-37330 usd
CY2022Q2 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-1075545 usd
CY2023Q2 us-gaap Other Expenses
OtherExpenses
155055 usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
89366 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1031704 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3526499 usd
CY2023Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1104186 usd
CY2022Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1858898 usd
CY2023Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
305824 usd
CY2022Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-478878 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6860258 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3556477 usd
CY2023Q2 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
2233192 usd
CY2022Q2 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
175220 usd
CY2023Q2 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
0 usd
CY2022Q2 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
1371073 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1151205 usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
572047 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1081987 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
974246 usd
CY2023Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
268249 usd
CY2022Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5000000 usd
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4858000 usd
CY2022Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1852107 usd
CY2023Q2 eml Financing Leases Net
FinancingLeasesNet
723254 usd
CY2022Q2 eml Financing Leases Net
FinancingLeasesNet
-92111 usd
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
766889 usd
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
684293 usd
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
687180 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5087288 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1601713 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-396936 usd
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28538 usd
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-22903 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2883495 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1400357 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10187522 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6602429 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13071017 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5202072 usd
CY2023Q2 us-gaap Interest Paid
InterestPaid
716763 usd
CY2022Q2 us-gaap Interest Paid
InterestPaid
463080 usd
CY2023Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
59681 usd
CY2022Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
110917 usd
CY2023Q2 eml Right Of Use Asset
RightOfUseAsset
-652914 usd
CY2022Q2 eml Right Of Use Asset
RightOfUseAsset
292097 usd
CY2023Q2 eml Operating Lease Liability Obtained In Exchange For Right Of Use Asset
OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset
-328721 usd
CY2022Q2 eml Operating Lease Liability Obtained In Exchange For Right Of Use Asset
OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset
-226903 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6223027 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6247649 shares
CY2023Q2 eml Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
6223027 shares
CY2022Q2 eml Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
6247649 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10962 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12055 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6233989 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6259704 shares
CY2023Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
23123674 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
25924696 usd
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8315774 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9323082 usd
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26213513 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
29388813 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
57652961 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
64636591 usd
CY2023Q2 eml Goodwill Net
GoodwillNet
7080000 usd
CY2023Q2 eml Lease Liability
LeaseLiability
1160000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
240000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
280000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
190000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
150000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
120000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
280000 usd
CY2023Q2 eml Lease Weighted Average Remaining Lease Terms
LeaseWeightedAverageRemainingLeaseTerms
P5Y8M12D
CY2023Q2 eml Share Based Compensation Arrangement By Share Based Outstanding Number
ShareBasedCompensationArrangementByShareBasedOutstandingNumber
64500 shares
CY2022 eml Share Based Compensation Arrangement By Share Based Outstanding Number
ShareBasedCompensationArrangementByShareBasedOutstandingNumber
27300 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
43300 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
33100 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
6100 shares
CY2023Q2 eml Share Based Compensation Arrangement By Share Based Payment Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentOptionsOutstandingNumber
31400 shares
CY2022 eml Share Based Compensation Arrangement By Share Based Payment Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentOptionsOutstandingNumber
64500 shares
CY2018Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
200000 shares
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
719031 usd
CY2022Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
605880 usd
CY2023Q2 eml Accrued Amount For Non Discretionary Safe Harbor Contribution
AccruedAmountForNonDiscretionarySafeHarborContribution
328953 usd
CY2023Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 usd

Files In Submission

Name View Source Status
0001654954-23-006022-index-headers.html Edgar Link pending
0001654954-23-006022-index.html Edgar Link pending
0001654954-23-006022.txt Edgar Link pending
0001654954-23-006022-xbrl.zip Edgar Link pending
eml-20230401.xsd Edgar Link pending
eml_10q.htm Edgar Link pending
eml_ex31.htm Edgar Link pending
eml_ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
eml-20230401_cal.xml Edgar Link unprocessable
eml-20230401_lab.xml Edgar Link unprocessable
eml-20230401_def.xml Edgar Link unprocessable
eml-20230401_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
eml_10q_htm.xml Edgar Link completed
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending