8-K

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: April 27, 2011

(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
of 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)

________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2)

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4( c) under the Exchange Act (17 CFR 240.13e-4( c))

Section 2 – Financial Information

ITEM 2.02 - Results of Operations and Financial Condition

Press Release dated April 27, 2011 announcing the first quarter earnings for 2011 is attached hereto.

Section 7 – Regulation FD

ITEM 7.01 - Regulation FD Disclosure

On April 27, 2010, The Eastern Company released the first quarter earnings of 2011.  A copy of the Press Release dated April 27, 2011 announcing the first quarter earnings for 2011 is attached hereto.

Section 9 – Financial Statements and Exhibits

ITEM 9.01 - (d) Exhibits

(99)   Press Release dated April 27, 2011 announcing the first quarter earnings for 2011.

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: April 27, 2011	By: /s/John L. Sullivan III
	John L. Sullivan III Vice President and Chief Financial Officer

EX-99

Exhibit 99

FOR IMMEDIATE RELEASE

April 27, 2011

THE EASTERN COMPANY REPORTS RESULTS

FOR THE FIRST QUARTER OF 2011

Naugatuck, CT–The Eastern Company (NYSE Amex - EML) today announced the results of its operations for the first quarter of 2011. Sales for the quarter were $33.2 million, compared to $31.0 million for the same period in 2010, a 7% increase. Net Income for the first quarter was $1.1 million, or $0.18 per diluted share, compared to $1.0 million, or $0.16 per diluted share that was reported in the first quarter of 2010.

Leonard F. Leganza, Chairman, President and CEO stated, “We are encouraged with what appears to be continuing economic improvement and pleased with the results we were able to achieve in the first quarter of 2011.  All three of our business segments experienced increased sales compared to the first quarter of 2010.  We continue to have confidence in our 2011 business plans and anticipate overall improvements in sales and earnings in the current year.”

Mr. Leganza continued, “Our new composite panel facility in Tillsonburg, Ontario, Canada is nearing completion and we expect to begin shipping product during the second quarter of 2011.  The initial product to be manufactured at this new location will be a newly developed lightweight panel which will be a component used as part of an interactive electronic board product.”

Mr. Leganza further stated, “Our Greenwald division has recently completed the first installation of its new FlashCash contactless and wireless cash payment system in a laundromat located in Connecticut.  We are very optimistic about the potential of this new system.”

Mr. Leganza continued, “As the economy continues to improve, the Company is well positioned to grow in the many markets we serve.  In addition, we have continued to develop new products and innovate new applications for existing products wherever possible.”

Mr. Leganza concluded, “The focus and emphasis we have placed on liquidity and cash flow during the recent economic uncertainties have kept the Company in solid financial position, with a strong current ratio at the end of the first quarter of 2011.  We expect our current liquidity plans to be sufficient to support our dividend policy, meet our debt service requirements and replace or upgrade capital equipment as needed.”

The Eastern Company is a 153-year-old leading manufacturer of vehicular and industrial hardware, locks, metal castings, coin collection and smart card products. It operates from eleven locations in the U.S., Canada, Mexico, Taiwan and China. The diversity of the Company’s products enables 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 is 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

Consolidated Statement of  Operations (unaudited)
THE EASTERN COMPANY (NYSE Amex - EML)
		THREE Months Ended
		April 2, 2011	April 3, 2010
Net Sales		$   33,188,612	$  30,954,555
Net (Loss) Income After Tax		1,098,174	1,009,660
Net (Loss) Income Per Share:
	Basic	$             0.18	$            0.17
	Diluted	$             0.18	$            0.16
Weighted average
shares outstandings:
	Basic	6,162,711	6,065,256
	Diluted	6,213,069	6,190,327