secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2026-08-11T20:55:40+00:00
Accession:  0001654954-26-007476
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Co Q2 sales -12% to $61.8M; adjusted EPS $0.15; backlog +45% on aerospace buys
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- Net sales $61.8M, down 12% YoY; gross margin 20.6% vs 23.3% prior year.
- Net income from continuing ops $5.6M ($0.94 diluted) includes $6.5M non-cash bargain purchase gain; adjusted net income $0.9M ($0.15).
- Adjusted EBITDA $3.4M vs $6.7M YoY, down ~49%.
- Acquired Sungear LLC and Crown Precision on June 1, 2026, adding $1.7M aerospace sales; backlog up 45% to $126.2M.
- Repurchased 19,529 shares in Q2; 256,275 shares remain under repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495426007476/0001654954-26-007476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495426007476/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-007476

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