secwatch.observer — SEC 8-K summary
======================================

Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001654954-26-001845
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Company Q4 sales down 13.7% to $57.5M; FY net income falls 57%
----------------------------------------------------------------------

- Q4 EPS $0.19 ($0.31 adjusted); FY EPS $0.98 ($1.37 adjusted); sales $249M (-9% YoY).
- Cost restructuring generated $4M in annual savings; tariff mitigation offset ~$10M impact.
- New $100M credit facility; debt reduced $8.7M; $3.7M stock repurchases, $2.7M dividends paid.
- Backlog fell 10.5% to $81.1M; heavy-duty truck and auto markets remain weak.
- Management sees early signs of truck market stabilization and new automotive launches.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495426001845/0001654954-26-001845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495426001845/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-001845

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer