Eastern Company announces 200,000 share repurchase program

The Eastern Company announced that its Board of Directors has approved a new share repurchase program authorizing the company to repurchase up to 200,000 shares of its common stock through August 20, 2028. Under the share repurchase program, the company may repurchase shares in the open market and may also enter into structured repurchase agreements with third parties. The company previously repurchased 140,000 shares of the 200,000 shares authorized on the share repurchase plan that was authorized on May 3, 2018 and expired on May 2, 2023.