3 unchanged sentences
The businesses of the Company design, manufacture and sell unique engineered solutions for industrial markets.
−Removed: Today, the Company maintains fifteen physical locations across North America and Asia.
−Removed: BUSINESS HIGHLIGHTS
−Removed: In the third quarter of 2024, the Company decided to sell Big 3 Mold and determined that the Big 3 Mold business met the criteria to be held for sale and that the assets held for sale qualify for discontinued operations.
+Added: Today, the Company maintains fourteen physical locations across North America and Asia.
+Added: Recent Developments
+Added: In the third quarter of 2024, the Company decided to sell Big 3 Mold and determined that the Big 3 Mold business met the criteria to be held for sale and that the assets held for sale qualified for discontinued operations.
As such, the financial results of the Big 3 Mold business are reflected in our consolidated statements of income as discontinued operations for all periods presented.
Additionally, current and non-current assets and liabilities of discontinued operations are reflected in the consolidated balance sheets for all periods presented.
−Removed: On June 29, 2023, the Company acquired certain assets of Sureflex, Inc.
−Removed: (“Sureflex”).
−Removed: Sureflex, which manufactures tractor-trailer electrical connection cable assemblies, is part of Eastern’s Velvac subsidiary.
−Removed: On May 1, 2023, the Company announced plans to close Associated Toolmakers, Limited, its European mold tooling service facility based in the U.K.
−Removed: The closure was completed in the second quarter of 2023.
+Added: On April 30, 2025, the Company sold the equipment, workforce and customer list of the ISBM division of Big 3 Mold.
+Added: ISBM, which is located in Centralia, Illinois, is an injection stretch blow mold toolmaker.
+Added: As of January 3, 2026, the other divisions of Big 3 Mold have been reclassified to continuing operations.
Description of Business
18 unchanged sentences
Big 3 Products’ turnkey returnable packaging solutions are used in the assembly processes of vehicles, aircraft, and durable goods and works with leading original equipment manufacturers (“OEMs”) to design and produce custom returnable transport packaging to integrate with OEM assembly processes.
−Removed: Big 3 Mold is a global leader in the design and manufacture of blow mold tools and in the production processes of plastic packaging products, packaged consumer goods and pharmaceuticals.
+Added: Big 3 Mold is a global leader in the design and manufacture of blow mold tools and in the production processes of plastic packaging products and packaged consumer goods.
Hallink Moulds is a leader in innovative injection blow mold tooling and is a leading supplier of blow molds and change parts to the food, beverage, healthcare, and chemical industries.
6 unchanged sentences
We believe our success depends on the skills, experience, and industry knowledge of our key talent.
−Removed: As such, our management team places significant focus and attention on the attraction, development, and retention of employees, as well as ensuring our corporate culture reflects Eastern’s values, and our Board of Directors (our “Board”) provides oversight for various employee initiatives.
−Removed: Eastern’s values and our Code of Business Conduct and Ethics guide our actions, reflect our culture, and drive our performance.
+Added: As such, our management team places significant focus and attention on the attraction, development, and retention of employees, as well as ensuring our corporate culture reflects Eastern’s values.
+Added: Eastern’s values and our Code of Business Conduct and Ethics guide our actions, reflect our culture, and help drive our performance.
We have made and continue to make investments in training, and we have a well-established performance management process.
−Removed: An engaged, innovative, skilled, and collaborative workforce is critical to our continued leadership in the design and manufacture of unique engineered solutions to industrial markets.
−Removed: We operate globally under policies and programs that provide competitive wages, benefits, and terms of employment.
−Removed: We are committed to efforts to increase diversity and foster an inclusive work environment that supports our global workforce through recruiting efforts and equitable compensation policies.
+Added: An engaged, innovative, skilled, and collaborative workforce is critical to our continued leadership in the design and manufacture of unique engineered solutions for industrial markets.
+Added: We operate globally under policies and programs that seek to provide competitive wages, benefits, and terms of employment.
+Added: We are committed to efforts to foster an inclusive work environment that supports our global workforce and to equitable compensation policies.
The health and safety of our employees is also a top priority.
1 unchanged sentence
We have attained these improvements by fostering a global safety culture supported with regular training and education that includes robust systems and philosophies centered on personal responsibility and accountability.
−Removed: The Board has an Environment, Health, and Safety Committee that is responsible for reviewing the overall performance of the Company’s health and safety program and making recommendations to management.
+Added: Our Board of Directors (our “Board”) has an Environmental, Health, and Safety Committee that is responsible for reviewing the overall performance of the Company’s health and safety program and making recommendations to management.
There is a high level of leadership engagement, ensuring installation and maintenance of appropriate safety equipment at all our manufacturing sites worldwide combined with vigorous reviews of root causation and systemic corrective actions of any safety incidents that may occur.
Employee levels are managed to align with business demand and management believes it currently has sufficient human capital to operate its business successfully.
−Removed: As of December 28, 2024, we employed 1,246 full-time employees:
+Added: As of January 3, 2026, we employed 1,246 employees:
612 in the United States and 634 in other countries.
+Added: Of these employees, less than 15 are employed on a part-time basis.
Approximately 21% of employees in the United States are represented by collective bargaining agreements.
4 unchanged sentences
Customers of the Company are broad-based by geography and by market, and sales are not highly concentrated by customer.
−Removed: Only one customer exceeded 10% of accounts receivable for each of fiscal year 2024 and fiscal year 2023.
+Added: One customer exceeded 10% of accounts receivable for the fiscal year 2025 and one customer exceeded 10% of accounts receivable for the fiscal year 2024.
Foreign sales were not significant for fiscal years 2025 and 2024.
4 unchanged sentences
The Company does not anticipate that compliance with federal, state, or local environmental laws or regulations is likely to have a material effect on the Company’s capital expenditures, earnings, or competitive position.
−Removed: We anticipate that the new U.S.
−Removed: presidential administration will seek to implement a regulatory reform agenda that is significantly different than that of the prior administration, which may impact agency rulemaking and enforcement priorities, which could, in turn, have a material effect on our business.
The Company obtains materials from nonaffiliated domestic sources, as well as from Company-affiliated and unaffiliated sources in Asia.
10 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.