Website: N/A
Stock Symbol: AMEX: EML
Market Value: N/A (in millions)
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 four U.S. operations and six
wholly-owned foreign subsidiaries. The Company maintains nine physical
locations.
RECENT DEVELOPMENTS
During the third quarter of 2006, the Company received orders from a military
contractor for component parts used in retro-fitting Humvees as part of the
military’s up-armor program to provide additional troop protection. These
component parts were shipped from September 2006 through the early part of the
second quarter of 2007. This program resulted in approximately $39 million in
total sales for the Industrial Hardware segment of the Company during the period
from September 2006 to April 2007, when the shipments were completed.