secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2026-11-10T22:00:24+00:00
Accession:  0001654954-26-009663
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Eastern Q3 2026 net sales up 36% to $75.0M; net income $3.4M ($0.57/sh) vs $0.6M ($0.10)
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- Net sales $75.0M vs $55.3M YoY; truck mirror assemblies +$7.4M, returnable transport packaging +$5.7M, latch/handle +$1.1M, Sungear/Crown Precision +$5.4M.
- Gross margin 23.9% vs 22.3%; operating profit $5.6M (7.4% of sales) vs 3.1%; adjusted EBITDA from continuing operations more than doubled to $7.6M.
- Net income from continuing operations $3.4M, or $0.57/diluted share, vs $0.6M, or $0.10; adjusted EPS $0.60 vs $0.13.
- Backlog rose 70% YoY to $126.1M; repaid $2M of debt in the quarter, leaving $61M of revolver availability at quarter end.
- First nine months: net sales $196.5M (+3%); net income $9.7M ($1.61/sh), including a $6.5M non-cash bargain purchase gain on Sungear/Crown Precision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495426009663/0001654954-26-009663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495426009663/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-009663

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