---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-010037"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:44:17.264246+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eastern Company Q2 net income rises to $3.5M ($0.56/diluted) from $1.4M; backlog up 43% to $107.3M

## Summary
- Net income $3.5M ($0.56 diluted) vs $1.4M ($0.22) in Q2 2023; adjusted net income $3.5M ($0.56) vs $2.5M ($0.40).
- Revenue $73.2M (+7% YoY); gross margin improved to 25% from 22%.
- Backlog increased 43% to $107.3M from $75.3M, driven by truck mirror assemblies and returnable packaging.
- Adjusted EBITDA $7.2M vs $5.9M in prior year quarter; six-month adj EBITDA $12.4M.
- Company notes softening in commercial vehicle and EV programs affecting custom packaging demand, but highlights operational improvements.

## SEC filing metadata
- accession: 0001654954-24-010037
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495424010037/0001654954-24-010037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495424010037/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-010037
- JSON: https://secwatch.observer/filing/0001654954-24-010037.json
- Plain text: https://secwatch.observer/filing/0001654954-24-010037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.