----

----

|   | [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED April 2, 2011 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM                          to |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Connecticut                     | 06-0330020          |
|---------------------------------|---------------------|
| (State or other jurisdiction of | (I.R.S. Employer    |
| incorporation or organization)  | Identification No.) |

| 112 Bridge Street, Naugatuck, Connecticut | 06770      |
|-------------------------------------------|------------|
| (Address of principal executive offices)  | (Zip Code) |

| Large accelerated filer [  ]                                             | Accelerated filer [X]                    |
|------------------------------------------------------------------------------------|------------------------------------------|
| Non-accelerated filer [  ] (Do not check if a smaller reporting company) | Smaller reporting company [  ] |

| Class                      | Outstanding as of April 27, 2011 |
|----------------------------|----------------------------------|
| Common Stock, No par value | 6,167,857                        |

----

----

----

| ASSETS                                                                     |   | April 2, 2011 |        | January 1, 2011 |   |
|----------------------------------------------------------------------------|--------|---------------|-------------|-----------------|--------|
| Current Assets                                                             |   |          |        |            |   |   |   |
| Cash and cash equivalents                                                  |   | $             | 9,080,383   |            | $      | 12,224,608 |   |
| Accounts receivable, less allowances: $532,000 - 2011; $519,000 - 2010     |   |          | 18,334,040  |            |   | 16,424,766 |   |
| Inventories                                                                |   |          | 29,001,087  |            |   | 28,190,175 |   |
| Prepaid expenses and other assets                                          |   |          | 3,095,559   |            |   | 2,652,132 |   |
| Deferred income taxes                                                      |   |          | 1,141,744   |            |   | 1,141,744 |   |
| Total Current Assets                                                       |   |          | 60,652,813  |            |   | 60,633,425 |   |
|                                                                       |   |          |        |            |   |   |   |
|                                                                       |   |          |        |            |   |   |   |
| Property, Plant and Equipment                                              |   |          | 54,277,785  |            |   | 53,328,353 |   |
| Accumulated depreciation                                                   |   |          | (29,667,202 | )               |   | (28,864,317 | ) |
|                                                                       |   |          | 24,610,583  |            |   | 24,464,036 |   |
|                                                                       |   |          |        |            |   |   |   |
|                                                                       |   |          |        |            |   |   |   |
| Goodwill                                                                   |   |          | 13,977,097  |            |   | 13,933,990 |   |
| Trademarks                                                                 |   |          | 150,751     |            |   | 150,751 |   |
| Patents, technology, and other intangibles net of accumulated amortization |   |          | 2,136,107   |            |   | 2,259,235 |   |
| Deferred income taxes                                                      |   |          | 818,662     |            |   | 912,043 |   |
|                                                                       |   |          | 17,082,617  |            |   | 17,256,019 |   |
| TOTAL ASSETS                                                               |   | $             | 102,346,013 |            | $      | 102,353,480 |   |

----

| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                |   | April 2, 2011 |        | January 1, 2011 |   |
|-------------------------------------------------------------------------------------------|--------|---------------|-------------|-----------------|--------|
| Current Liabilities                                                                       |   |          |        |            |   |   |   |
| Accounts payable                                                                          |   | $             | 7,770,501   |            | $      | 7,518,969 |   |
| Accrued compensation                                                                      |   |          | 1,470,385   |            |   | 2,997,126 |   |
| Other accrued expenses                                                                    |   |          | 1,685,348   |            |   | 1,141,514 |   |
| Current portion of long-term debt                                                         |   |          | 714,286     |            |   | 714,286 |   |
| Total Current Liabilities                                                                 |   |          | 11,640,520  |            |   | 12,371,895 |   |
|                                                                                      |   |          |        |            |   |   |   |
|                                                                                      |   |          |        |            |   |   |   |
| Other long-term liabilities                                                               |   |          | 713,202     |            |   | 713,202 |   |
| Long-term debt, less current portion                                                      |   |          | 3,392,857   |            |   | 3,750,000 |   |
| Accrued postretirement benefits                                                           |   |          | 1,459,004   |            |   | 1,461,371 |   |
| Accrued pension cost                                                                      |   |          | 14,002,074  |            |   | 14,013,269 |   |
|                                                                                      |   |          |        |            |   |   |   |
|                                                                                      |   |          |        |            |   |   |   |
|                                                                                      |   |          |        |            |   |   |   |
| Shareholders’ Equity                                                                |   |          |        |            |   |   |   |
|  Voting Preferred Stock, no par value:                                               |   |          |        |            |   |   |   |
|         Authorized and unissued: 1,000,000 shares |   |          |        |            |   |   |   |
|  Nonvoting Preferred Stock, no par value:                                            |   |          |        |            |   |   |   |
|         Authorized and unissued: 1,000,000 shares |   |          |        |            |   |   |   |
| Common Stock, no par value:                                                               |   |          |        |            |   |   |   |
|         Authorized: 50,000,000 shares             |   |          |        |            |   |   |   |
| Issued: 8,858,586 shares in 2011 and 8,852,762 shares in 2010                             |   |          | 27,792,516  |            |   | 27,717,318 |   |
| Treasury Stock: 2,694,729 shares in 2011 and 2010                                         |   |          | (19,105,723 | )               |   | (19,105,723 | ) |
| Retained earnings                                                                         |   |          | 70,463,075  |            |   | 69,919,619 |   |
|                                                                                      |   |          |        |            |   |   |   |
| Accumulated other comprehensive income (loss):                                            |   |          |        |            |   |   |   |
| Foreign currency translation                                                              |   |          | 2,751,862   |            |   | 2,448,675 |   |
| Unrecognized net pension and postretirement benefit costs, net of tax                     |   |          | (10,763,374 | )               |   | (10,936,146 | ) |
|    Accumulated other comprehensive loss                                    |   |          | (8,011,512  | )               |   | (8,487,471 | ) |
| Total Shareholders’ Equity                                                          |   |          | 71,138,356  |            |   | 70,043,743 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                          |   | $             | 102,346,013 |            | $      | 102,353,480 |   |

----

|                                |   |   | Three Months Ended |   |
|-------------------------------------|--------|--------|--------------------|--------|
|                                |   |   | April 2, 2011      |   |   | April 3, 2010 |   |   |
| Net sales                           |   | $      | 33,188,612         |   | $ | 30,954,555 |   |   |
| Cost of products sold               |   |   | (26,872,271        | )      |   | (24,895,580 | ) |   |
| Gross margin                        |   |   | 6,316,341          |   |   | 6,058,975 |   |   |
|                                |   |   |               |   |   |   |   |   |
| Selling and administrative expenses |   |   | (4,597,285         | )      |   | (4,432,801 | ) |   |
| Operating profit                    |   |   | 1,719,056          |   |   | 1,626,174 |   |   |
|                                |   |   |               |   |   |   |   |   |
| Interest expense                    |   |   | (67,003            | )      |   | (70,072 | ) |   |
| Other income                        |   |   | 6,445              |   |   | 94 |   |   |
| Income before income taxes          |   |   | 1,658,498          |   |   | 1,556,196 |   |   |
|                                |   |   |               |   |   |   |   |   |
| Income taxes                        |   |   | 560,324            |   |   | 546,536 |   |   |
| Net income                          |   | $      | 1,098,174          |   | $ | 1,009,660 |   |   |
|                                |   |   |               |   |   |   |   |   |
| Earnings per share:                 |   |   |               |   |   |   |   |   |
| Basic                               |   | $      | .18                |   | $ | .17 |   |   |
|                                |   |   |               |   |   |   |   |   |
| Diluted                             |   | $      | .18                |   | $ | .16 |   |   |
|                                |   |   |               |   |   |   |   |   |
| Cash dividends per share:           |   | $      | .09                |   | $ | .09 |   |   |

|                                                                                                         | Three Months Ended |          |
|--------------------------------------------------------------------------------------------------------------|--------------------|---------------|
|                                                                                                         |               | April 2, 2011 |   |   | April 3, 2010 |   |
| Net income                                                                                                   | $                  | 1,098,174     |   | $ | 1,009,660 |   |
| Other comprehensive income:                                                                                  |               |          |   |   |   |   |
| Change in foreign currency translation                                                                       |               | 303,187       |   |   | 344,892 |   |
| Change in pension and postretirement benefit costs, net of taxes of:2011 – $93,3812010 – $89,468 |               | 172,772       |   |   | 163,838 |   |
|                                                                                                         |               | 475,959       |   |   | 508,730 |   |
| Comprehensive income                                                                                         | $                  | 1,574,133     |   | $ | 1,518,390 |   |

----

|                                                                                     |   | Three Months Ended |       |
|------------------------------------------------------------------------------------------|--------|--------------------|------------|
|                                                                                     |   | April 2, 2011      |       | April 3, 2010 |   |
| Operating Activities                                                                     |   |               |       |   |   |   |   |
| Net income                                                                               |   | $                  | 1,098,174  |   | $ | 1,009,660 |   |
| Adjustments to reconcile net income to net cash (used) provided by operating activities: |   |               |       |   |   |   |   |
| Depreciation and amortization                                                            |   |               | 907,729    |   |   | 998,094 |   |
| Provision for doubtful accounts                                                          |   |               | 6,228      |   |   | 13,744 |   |
| Issuance of Common Stock for directors’ fees                                       |   |               | 6,155      |   |   | 6,149 |   |
| Changes in operating assets and liabilities:                                             |   |               |       |   |   |   |   |
| Accounts receivable                                                                      |   |               | (1,793,524 | ) |   | (1,244,156 | ) |
| Inventories                                                                              |   |               | (651,036   | ) |   | (468,796 | ) |
| Prepaid expenses and other                                                               |   |               | (425,502   | ) |   | (625,716 | ) |
| Prepaid pension cost                                                                     |   |               | 261,201    |   |   | 707,863 |   |
| Other assets                                                                             |   |               | (16,258    | ) |   | (102,055 | ) |
| Accounts payable                                                                         |   |               | 188,895    |   |   | 1,711,473 |   |
| Accrued compensation                                                                     |   |               | (1,533,351 | ) |   | (331,791 | ) |
| Other accrued expenses                                                                   |   |               | 477,814    |   |   | 508,138 |   |
| Net cash (used) provided by operating activities                                         |   |               | (1,473,475 | ) |   | 2,182,607 |   |
|                                                                                     |   |               |       |   |   |   |   |
| Investing Activities                                                                     |   |               |       |   |   |   |   |
| Purchases of property, plant and equipment                                               |   |               | (813,664   | ) |   | (969,357 | ) |
| Net cash used in investing activities                                                    |   |               | (813,664   | ) |   | (969,357 | ) |
|                                                                                     |   |               |       |   |   |   |   |
| Financing Activities                                                                     |   |               |       |   |   |   |   |
| Principal payments on long-term debt                                                     |   |               | (357,143   | ) |   | (11,607,143 | ) |
| Proceeds from issuance of long-term debt                                                 |   |               | -          |   |   | 5,000,000 |   |
| Proceeds from sales of Common Stock                                                      |   |               | 52,590     |   |   | - |   |
| Tax Benefit from disqualifying disposition of incentive stock options                    |   |               | 16,453     |   |   | - |   |
| Dividends paid                                                                           |   |               | (554,718   | ) |   | (545,865 | ) |
| Net cash used in financing activities                                                    |   |               | (842,818   | ) |   | (7,153,008 | ) |
|                                                                                     |   |               |       |   |   |   |   |
| Effect of exchange rate changes on cash                                                  |   |               | (14,268    | ) |   | 1,273 |   |
| Net change in cash and cash equivalents                                                  |   |               | (3,144,225 | ) |   | (5,938,485 | ) |
|                                                                                     |   |               |       |   |   |   |   |
| Cash and cash equivalents at beginning of period                                         |   |               | 12,224,608 |   |   | 16,746,673 |   |
| Cash and cash equivalents at end of period                                               |   | $                  | 9,080,383  |   | $ | 10,808,188 |   |

----

|                                       | Three Months Ended |
|--------------------------------------------|--------------------|
|                                       | April 2, 2011      |   | April 3, 2010 |
| Basic:                                     |               |   |   |
| Weighted average shares outstanding        | 6,162,711          |   | 6,065,256 |
|                                       |               |   |   |
| Diluted:                                   |               |   |   |
| Weighted average shares outstanding        | 6,162,711          |   | 6,065,256 |
| Dilutive stock options                     | 50,358             |   | 125,071 |
| Denominator for diluted earnings per share | 6,213,069          |   | 6,190,327 |

|                             | April 2, 2011                      |   | January 1, 2011                    |
|----------------------------------|------------------------------------|--------|------------------------------------|
|                             |                               |   |                               |
| Raw material and component parts | $    8,323,312 |   | $    8,090,149 |
| Work in process                  | 5,452,204                          |   | 5,298,939                          |
| Finished goods                   | 15,225,571                         |   | 14,801,087                         |
|                             | $  29,001,087            |   | $  28,190,175            |

----

|                                                           |   |   | Three Months Ended |       |
|----------------------------------------------------------------|--------|--------|--------------------|------------|
|                                                           |   |   | April 2, 2011      |       |   |   | April 3, 2010 |   |
| Revenues:                                                      |   |   |               |       |   |   |   |   |   |   |
| Sales to unaffiliated customers:                               |   |   |               |       |   |   |   |   |   |   |
| Industrial Hardware                                            |   |   | $                  | 14,600,276 |   |   |   | $ | 14,218,063 |   |
| Security Products                                              |   |   |               | 11,619,738 |   |   |   |   | 10,199,692 |   |
| Metal Products                                                 |   |   |               | 6,968,598  |   |   |   |   | 6,536,800 |   |
|                                                           |   |   | $                  | 33,188,612 |   |   |   | $ | 30,954,555 |   |
|                                                           |   |   |               |       |   |   |   |   |   |   |
| Income before income taxes:                                    |   |   |               |       |   |   |   |   |   |   |
| Industrial Hardware                                            |   |   | $                  | 933,884    |   |   |   | $ | 1,099,408 |   |
| Security Products                                              |   |   |               | 555,878    |   |   |   |   | 441,449 |   |
| Metal Products                                                 |   |   |               | 229,294    |   |   |   |   | 85,317 |   |
| Operating Profit                                               |   |   |               | 1,719,056  |   |   |   |   | 1,626,174 |   |
| Interest expense                                               |   |   |               | (67,003    | ) |   |   |   | (70,072 | ) |
| Other income                                                   |   |   |               | 6,445      |   |   |   |   | 94 |   |
|       Income before income taxes |   |   | $                  | 1,658,498  |   |   |   | $ | 1,556,196 |   |

----

|              |   | IndustrialHardwareSegment |         | SecurityProductsSegment |   | MetalProductsSegment |   |   Total |    |
|-------------------|--------|---------------------------|--------------|-------------------------|--------|----------------------|--------|-------------------|---------|
|              |   |                      |         |                    |   |                 |   |              |    |   |   |   |   |
| Beginning balance |   | $                         | 2,100,174    |                    | $      | 11,833,816           |   | $                 | — |   | $ | 13,933,990 |   |
| Foreign exchange  |   |                      |  43,107 |                    |   |  —        |   |              | — |   |   |  43,107 |   |
| Ending balance    |   | $                         | 2,143,281    |                    | $      | 11,833,816           |   | $                 | — |   | $ | 13,977,097 |   |

----

|                                |   |  IndustrialHardwareSegment |      |  SecurityProductsSegment |   |  MetalProductsSegment |   |    Total |    | Weighted-AverageAmortization Period (Years) |   |
|-------------------------------------|--------|---------------------------------|-----------|-------------------------------|--------|----------------------------|--------|-------------------------|---------|---------------------------------------------|--------|
| 2011 Gross Amount:                  |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| Patents and developedtechnology     |   | $                               | 2,801,548 |                          | $      | 1,025,856                  |   | $                       | 26,382  |                                        | $      | 3,853,786 |   | 16.0 |   |
| Customer relationships              |   |                            | 45,825    |                          |   | 1,921,811                  |   |                    | — |                                        |   | 1,967,636 |   |   5.0 |   |
| Non-compete agreements              |   |                            | 30,000    |                          |   | 90,735                     |   |                    | — |                                        |   | 120,735 |   |   5.0 |   |
| Total Gross Intangibles             |   | $                               | 2,877,373 |                          | $      | 3,038,402                  |   | $                       | 26,382  |                                        | $      | 5,942,157 |   | 12.0 |   |
|                                |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| 2011 AccumulatedAmortization:       |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| Patents and developedtechnology     |   | $                               | 1,481,184 |                          | $      | 437,144                    |   | $                       | 25,549  |                                        | $      | 1,943,877 |   |   |   |
| Customer relationships              |   |                            | 29,786    |                          |   | 1,726,681                  |   |                    | — |                                        |   | 1,756,467 |   |   |   |
| Non-compete agreements              |   |                            | 19,500    |                          |   | 86,206                     |   |                    | — |                                        |   | 105,706 |   |   |   |
| Total Gross Amortization            |   | $                               | 1,530,470 |                          | $      | 2,250,031                  |   | $                       | 25,549  |                                        | $      | 3,806,050 |   |   |   |
|                                |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| Net April 2, 2011 per Balance Sheet |   | $                               | 1,346,903 |                          | $      | 788,371                    |   | $                       | 833     |                                        | $      | 2,136,107 |   |   |   |

|                                  |   |  IndustrialHardwareSegment |      |  SecurityProductsSegment |   |  MetalProductsSegment |   |    Total |    | Weighted-AverageAmortization Period (Years) |   |
|---------------------------------------|--------|---------------------------------|-----------|-------------------------------|--------|----------------------------|--------|-------------------------|---------|---------------------------------------------|--------|
| 2010 Gross Amount:                    |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| Patents and developedtechnology       |   | $                               | 2,746,918 |                          | $      | 1,016,936                  |   | $                       | 26,382  |                                        | $      | 3,790,236 |   | 16.0 |   |
| Customer relationships                |   |                            | 45,825    |                          |   | 1,921,811                  |   |                    | — |                                        |   | 1,967,636 |   |   5.0 |   |
| Non-compete agreements                |   |                            | 30,000    |                          |   | 90,735                     |   |                    | — |                                        |   | 120,735 |   |   5.0 |   |
| Total Gross Intangibles               |   | $                               | 2,822,743 |                          | $      | 3,029,482                  |   | $                       | 26,382  |                                        | $      | 5,878,607 |   | 11.9 |   |
|                                  |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| 2010 AccumulatedAmortization:         |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| Patents and developedtechnology       |   | $                               | 1,416,034 |                          | $      | 417,801                    |   | $                       | 25,307  |                                        | $      | 1,859,142 |   |   |   |
| Customer relationships                |   |                            | 27,495    |                          |   | 1,630,581                  |   |                    | — |                                        |   | 1,658,076 |   |   |   |
| Non-compete agreements                |   |                            | 18,000    |                          |   | 84,154                     |   |                    | — |                                        |   | 102,154 |   |   |   |
| Total Gross Amortization              |   | $                               | 1,461,529 |                          | $      | 2,132,536                  |   | $                       | 25,307  |                                        | $      | 3,619,372 |   |   |   |
|                                  |   |                            |      |                          |   |                       |   |                    |    |                                        |   |   |   |   |   |
| Net January 1, 2011 per Balance Sheet |   | $                               | 1,361,214 |                          | $      | 896,946                    |   | $                       | 1,075   |                                        | $      | 2,259,235 |   |   |   |

----

|                               |   | Pension Benefits   |     | Postretirement Benefits |   |
|------------------------------------|--------|--------------------|----------|-------------------------|--------|
|                               |   | Three Months Ended |     | Three Months Ended      |   |
|                               |   | April 2,2011       |     | April 3, 2010      |   | April 2,2011 |   | April 3, 2010 |   |
| Service cost                       |   | $                  | 530,252  |                    | $      | 559,719 |   | $ | 31,616 |   | $ | 35,250 |   |
| Interest cost                      |   |               | 737,418  |                    |   | 727,241 |   |   | 34,188 |   |   | 34,850 |   |
| Expected return on plan assets     |   |               | (912,571 | )                       |   | (836,276 | ) |   | (24,825 | ) |   | (23,675 | ) |
| Amortization of prior service cost |   |               | 48,537   |                    |   | 51,142 |   |   | (5,972 | ) |   | (5,975 | ) |
| Amortization of the net loss       |   |               | 224,264  |                    |   | 210,789 |   |   | -- |   |   | (2,650 | ) |
| Net periodic benefit cost          |   | $                  | 627,900  |                    | $      | 712,615 |   | $ | 35,007 |   | $ | 37,800 |   |

----

|                               |   | Three Months EndedApril 2, 2011 |   | Year EndedJanuary 1, 2011         |
|------------------------------------|--------|---------------------------------|--------|-----------------------------------|
|                               |   | Shares                          |   | Weighted - Average Exercise Price |   | Shares |   | Weighted - Average Exercise Price |
| Outstanding at beginning of period |   | 80,000                          |   | $                                 | 12.471 |   | 221,750 |   | $ | 10.581 |
| Granted                            |   | —                         |   |                              | — |   | — |   |   | — |
| Exercised                          |   | (5,500                          | )      |                              | 9.562 |   | (141,750 | ) |   | 9.514 |
| Outstanding at end of period       |   | 74,500                          |   |                              | 12.686 |   | 80,000 |   |   | 12.471 |

| Options Outstanding and Exercisable        |
|--------------------------------------------|
|    Range of Exercise Prices |   |   Outstanding as of April 2, 2011 | Weighted- Average Remaining Contractual Life |   Weighted- Average Exercise Price |
| $9.60 – $10.20                       |   | 19,000 | 1.9 |       $10.074 |
| $13.58                                     |   |   55,500 | 3.7 |  13.580 |
|                                       |   | 74,500 | 3.2 |  12.686 |

----

----

|                               |  Three Months Ended April 2, 2011  |
|------------------------------------|----------------------------------------------|
|                               | Industrial                                   | Security | Metal |   |
|                               | Hardware                                     | Products | Products | Total |
| Net sales                          | 100.0%                                       | 100.0% | 100.0% | 100.0% |
| Cost of products sold              | 79.1%                                        | 78.1% | 89.6% | 81.0% |
| Gross margin                       | 20.9%                                        | 21.9% | 10.4% | 19.0% |
|                               |                                         |   |   |   |
| Selling and administrative expense | 14.5%                                        | 17.1% | 7.1% | 13.8% |
| Operating profit                   | 6.4%                                         | 4.8% | 3.3% | 5.2% |
|                               |                                         |   |   |   |
|                               |  Three Months Ended April 3, 2010  |
|                               | Industrial                                   | Security | Metal |   |
|                               | Hardware                                     | Products | Products | Total |
| Net sales                          | 100.0%                                       | 100.0% | 100.0% | 100.0% |
| Cost of products sold              | 77.6%                                        | 78.0% | 90.6% | 80.4% |
| Gross margin                       | 22.4%                                        | 22.0% | 9.4% | 19.6% |
|                               |                                         |   |   |   |
| Selling and administrative expense | 14.7%                                        | 17.7% | 8.1% | 14.3% |
| Operating profit                   | 7.7%                                         | 4.3% | 1.3% | 5.3% |

----

|                                                               | Industrial                                                                         | Security                                             | Metal                                                                                          |                                                                              |
|--------------------------------------------------------------------|------------------------------------------------------------------------------------|------------------------------------------------------|------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|
|                                                               | Hardware                                                                           | Products                                             | Products                                                                                       | Total                                                                             |
| Net sales                                                          |          $    382 |        $ 1,420    |           $     432 |         $ 2,234                           |
|                                                               |                                                                               |                                                 |                                                                                           |                                                                              |
|          Volume       | 1.4%                                                                               | 12.0%                                                | 5.9%                                                                                           | 5.9%                                                                              |
|          Prices       | 0.0%                                                                               | 1.4%                                                 | 0.7%                                                                                           | 0.6%                                                                              |
|          New products |    1.3%                                                             |    0.5%                               |  0.0%                                                                                     |   0.7%                                                                  |
|                                                               | 2.7%                                                                               | 13.9%                                                | 6.6%                                                                                           | 7.2%                                                                              |
|                                                               |                                                                               |                                                 |                                                                                           |                                                                              |
| Cost of products sold                                              |         $    526       |        $ 1,129    |   $      322                                           |         $  1,977                |
|                                                               | 4.8%                                                                               | 14.2%                                                | 5.4%                                                                                           | 7.9%                                                                              |
|                                                               |                                                                               |                                                 |                                                                                           |                                                                              |
| Gross margin                                                       |       $  (144)                             |     $    291 |        $      110             |       $     257            |
|                                                               | -4.5%                                                                              | 12.9%                                                | 17.9%                                                                                          | 4.2%                                                                              |
|                                                               |                                                                               |                                                 |                                                                                           |                                                                              |
| Selling and administrative expenses                                |       $      21        |     $    177 |         $     (34)            |       $     164            |
|                                                               | 1.0%                                                                               | 9.8%                                                 | -6.4%                                                                                          | 3.7%                                                                              |
|                                                               |                                                                               |                                                 |                                                                                           |                                                                              |
| Operating profit                                                   |       $  (165)                             |      $   114 |        $      144             |       $       93 |
|                                                               | -15.1%                                                                             | 25.9%                                                | 168.8%                                                                                         | 5.7%                                                                              |

----

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|                                             |   | FirstQuarter2011 |   | FirstQuarter2010 |   | YearEnd2010 |   |
|--------------------------------------------------|--------|------------------|--------|------------------|--------|-------------|--------|
| Current ratio                                    |   | 5.2              |   | 5.1              |   | 4.9         |   |
| Average days’ sales in accounts receivable |   | 50               |   | 49               |   | 47          |   |
| Inventory turnover                               |   | 3.7              |   | 4.0              |   | 3.7         |   |
| Total debt to shareholders’ equity         |   | 5.8              | %      | 7.1              | %      | 6.4         | %      |

|                                                                                                        |   | FirstQuarter2011 |   | FirstQuarter2010 |   | YearEnd2010 |   |
|-------------------------------------------------------------------------------------------------------------|--------|------------------|--------|------------------|--------|-------------|--------|
| Cash and cash equivalents                                                                                   | $      | 9.1              | $      | 10.8             | $      | 12.2        |   |
| Working capital                                                                                             |   |  49.0       |   |  45.4       |   |  48.3  |   |
| Net cash (used)/provided by operating activities                                                            |   |  (1.5       | )      |  2.2        |   |  9.5   |   |
| Change in working capital impact on net cash    (used)/provided by operating activities |   |  (3.5       | )      |  0.2        |   |  (0.8  | )      |
| Net cash used in investing activities                                                                       |   | (0.8             | )      | (1.0             | )      | (4.7        | )      |
| Net cash used in financing activities                                                                       |   | (0.8             | )      | (7.2             | )      | (9.4        | )      |

----

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|                            | THE EASTERN COMPANY                                               |
|---------------------------------|-------------------------------------------------------------------|
|                            | (Registrant)                                                 |
| DATE:  April 28, 2011 | /s/Leonard F. Leganza                                             |
|                            | Leonard F. LeganzaChairman, President and Chief Executive Officer |
|                            |                                                              |
| DATE:  April 28, 2011 | /s/John L. Sullivan III                                           |
|                            | John L. Sullivan IIIVice President and Chief Financial Officer    |