Mr. Leganza concluded, “Overall, we are pleased with the financial results for 2012. In line with our long-term corporate policy of dividend payments, the 289th consecutive regular quarterly dividend which was paid in December 2012 was $0.10 per common share. The payment also included an extra one-time $0.10 per share payment. This extra payment was made in view of our favorable operating results and strong cash flow in 2012.”The Eastern Company is a 154-year-old manufacturer of industrial hardware, security products and metal castings. It operates from ten 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 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.
|Statement of Consolidated Income (unaudited)|
|THE EASTERN COMPANY (NASDAQ - EML)|
|THREE Months Ended||TWELVE Months Ended|
|13 wks||13 wks||52 wks||52 wks|
|Dec. 29, 2012||Dec. 31, 2011||Dec. 29, 2012||Dec. 31, 2011|
|Net Income After Tax||1,723,871||1,464,016||8,625,800||5,504,930|
|Net Income Per Share:|