| Business Summary | | The
Eastern
Company
manufactures
and
sell
industrial
hardware,
security
products
and
metal
products
from
five
United
States
operations
and
four
wholly
owned
foreign
subsidiaries.
The
Company
maintains
nine
physical
locations,
and
operates
in
three
business
segments,
Industrial
Hardware,
Security
Products
and
Metal
Products.
The
Industrial
Hardware
segment
consists
of
Eberhard
Manufacturing,
Eberhard
Hardware
Manufacturing
Ltd.
and
Sesamee
Mexicana,
S.A.
de
C.V.,
and
designs,
manufactures
and
markets
a
diverse
product
line
of
industrial
and
vehicular
hardware
throughout
North
America.
The
Security
Products
segment,
made
up
of
Greenwald
Industries,
Illinois
Lock
Company,
CCL
Security
Products,
World
Lock
Company
Ltd.
and
World
Security
Industries
Ltd.,
is
a
manufacturer
of
security
products.
The
Metal
Products
segment,
based
at
the
Company's
Frazer
&
Jones
facility,
is
a
producer
of
expansion
shells
for
use
in
supporting
the
roofs
of
underground
mines. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Eastern
Company
designs,
manufactures,
and
markets
a
wide
range
of
locking
devices,
fasteners,
and
industrial
hardware.
For
the
six
months
ended
6/30/01,
total
revenues
increased
7%
to
$43.4
million.
Net
income
decreased
47%
to
$1.7
million.
Revenues
reflect
the
Greenwald
acquisition,
volume
increases
and
new
product
introductions.
Earnings
were
offset
by
lower
profit
margins
due
to
product
mix,
and
additional
borrowings. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Leonard Leganza, 70 Pres,
CEO, Director | $574K | John Sullivan, lll, 48 VP,
Treasurer, Sec. | 251K | Dollar amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|