{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-26-004737","form_type":"8-K","ticker":"EML","cik":"0000031107","company_name":"EASTERN CO","filed_at":"2026-05-12T20:26:43+00:00","discovered_at":"2026-05-12T20:28:00.308898+00:00","generated_at":"2026-05-12T20:31:18.823325+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Eastern Co. Q1 net sales $59.7M, net income $0.6M; racks business drag contained to H1 2026","bullets":["Net sales $59.7M (-5.7% YoY); net income $0.6M ($0.11 diluted EPS) vs $1.9M ($0.31) YoY.","Adjusted EBITDA $3.0M, down ~35% YoY on lower volume, pricing pressures, and labor inefficiencies.","Gross margin 20.0% vs 22.4% YoY; unfavorable rack contracts impacted results, expected to resolve by Q2 2026.","Backlog $82.2M; sequential revenue growth from Q4 2025; demand recovery intact per CEO.","Balance sheet: $1.0M debt reduction, $422K share repurchases, ~$67M revolver available."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-26-004737","json":"https://secwatch.observer/filing/0001654954-26-004737.json","markdown":"https://secwatch.observer/filing/0001654954-26-004737.md","text":"https://secwatch.observer/filing/0001654954-26-004737.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31107/000165495426004737/0001654954-26-004737-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31107/000165495426004737/eml_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T20:31:18.823325+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}