-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GJOGw6rODX28WyeeLb52/cUaXB9Ev+pN4J+5NRGwE1S4ZD/KSumywEpZZTdG80Fi A9G5V5mHbaiuhVDEjdstRA== 0000031107-05-000056.txt : 20050727 0000031107-05-000056.hdr.sgml : 20050727 20050727093803 ACCESSION NUMBER: 0000031107-05-000056 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050727 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050727 DATE AS OF CHANGE: 20050727 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN CO CENTRAL INDEX KEY: 0000031107 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 060330020 STATE OF INCORPORATION: CT FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00599 FILM NUMBER: 05975705 BUSINESS ADDRESS: STREET 1: 112 BRIDGE ST STREET 2: P O BOX 460 CITY: NAUGATUCK STATE: CT ZIP: 06770 BUSINESS PHONE: 2037292255 MAIL ADDRESS: STREET 1: 112 BRIDGE STREET STREET 2: P O BOX 460 CITY: NAUGATUCK STATE: CT ZIP: 06770 8-K 1 second8k2005.txt 2005 2ND QTR PRESS RELEASE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 27, 2005 (Date of earliest event reported) The Eastern Company (Exact name of Registrant as specified in its charter) Connecticut 0-599 06-0330020 ----------- ----- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer incorporation) Identification No.) 112 Bridge Street, Naugatuck, Connecticut 06770 - ----------------------------------------- ----- (Address of principal executive offices) (Zip Code) (203) 729-2255 -------------- (Registrant's telephone number, including area code) Section 2 - Financial Information ITEM 2.02 - Results of Operations and Financial Condition Press Release dated July 27, 2005 announcing the second quarter earnings for 2005 is attached hereto. Section 7 - Regulation FD. ITEM 7.01 - Regulation FD Disclosure On July 27, 2005, The Eastern Company released the second quarter of 2005 quarterly earnings. A copy of the Press Release dated July 27, 2005 announcing the second quarter earnings for 2005 is attached hereto. Section 9 - Financial Statements and Exhibits ITEM 9.01 - (c) Exhibits (99) Press Release dated July 27, 2005 announcing the second quarter earnings for 2005. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. The Eastern Company Date: July 27, 2005 By: /s/John L. Sullivan III -------------- ---------------------------- John L. Sullivan III Vice President, Secretary & Treasurer EX-99 2 ex99-8k2nd05.txt 2005 2ND QTR PRESS RELEASE Exhibit 99 FOR IMMEDIATE RELEASE July 27, 2005 THE EASTERN COMPANY REPORTS RESULTS FOR THE SECOND QUARTER AND SIX MONTHS OF 2005 Naugatuck, CT-The Eastern Company (AMEX-EML) today announced the results of its operations for the second quarter and six months of 2005. Sales for the quarter were $27.4 million, compared to $25.3 million for the same period in 2004, an 8% increase, while net income was $1.1 million, or $0.28 per diluted share, compared to the $761,000, or $0.20 per diluted share, reported in the second quarter of 2004, a 42% increase. Net sales for the six months were $53.7 million compared to $49.9 million for the first six months of the previous year, an 8% increase. Year to date earnings for the six-month period ended July 2, 2005 were $1.8 million or $0.47 per diluted share, compared to $1.8 million or $0.49 per diluted share for the same period in 2004. Leonard F. Leganza, President and CEO stated, "We are pleased with the results of the second quarter and particularly those of our Industrial Hardware Group where we experienced a 23% increase in sales for the second quarter and 21% for the six month period as compared to the same periods a year ago. Continued strength in the vehicular and industrial hardware markets, coupled with a resurgence in demand for product supplied to subcontractors for military vehicles, were important factors leading to the positive performance of the group. We anticipate strong results from this group for the balance of the year. Mr. Leganza continued, "Despite a reduced demand in the sales of locks to the computer industry, sales in our Security Products Group did increase 5% in the second quarter as compared to the second quarter of 2004. Our SearchAlert(TM) luggage locks continued to reflect strong demand, and sales of our smart card products to the commercial laundry industry also increased." Mr. Leganza commented further, "Our Metal Products Group second quarter sales revenues were off 30% as compared to the second quarter of 2004. We will continue to evaluate our various options, which include the introduction of our proprietary mine roof support anchors in underground coal mines in China." Mr. Leganza also stated, "The Company will continue to invest in its Asian Operations to fulfill our objective of developing a market for our products in Asia despite the recent revaluation policies with respect to the Chinese yuan." The Eastern Company is a 147-year-old manufacturer of industrial hardware, security products and metal castings. It operates from nine locations in the U.S., Canada, Mexico, Taiwan and China. The diversity of the Company's products helps it to respond to the changing requirements of a broad array of markets. Forward-Looking Statements: Information in this news release contains statements which reflect the Company's current expectations regarding its future operating performance and achievements. Actual results may differ due to the many economic uncertainties that affect the Company's business environment. Further information about the potential factors which could affect the Company's financial results are included in the Company's reports and filings with the Securities and Exchange Commission. The Company is not obligated to update or revise the aforementioned statements for those new developments. Contact: Leonard F. Leganza or John L. Sullivan III (203) 729-2255 -----END PRIVACY-ENHANCED MESSAGE-----