EASTERN CO (EML) Form 8-K — Aug 11, 2026
The Eastern Company (NASDAQ: EML) reported second quarter 2026 net sales of $61.8 million, down 12% from $70.2 million a year earlier, with adjusted EPS falling to $0.15 from $0.57 and adjusted EBITDA down roughly 49% to $3.4 million. GAAP net income from continuing operations of $5.6 million, or $0.94 per diluted share versus $0.33 a year ago, was boosted by a one-time non-cash bargain purchase gain of $6.5 million tied to the June 1, 2026 acquisitions of Sungear and Crown Precision, which extend Eastern into the aerospace and defense markets.
Key figures
- Eps
- 0.94
- Revenue
- 61821757
- Net Income
- 5649285
- Total Debt
- $41.7 million
- Revenue Yoy
- -12%
- Total Assets
- 245118631
- Cash Position
- 15108764
- Shares Outstanding
- 6017558
- Backlog
- $126.2 million
- Backlog yoy
- +45%
- Q2 gross margin
- 20.6%
- Debt increase q2
- $8.8 million
- Six month revenue
- 121498295
- Adjusted eps q2 2025
- 0.57
- Adjusted eps q2 2026
- 0.15
- Bargain purchase gain
- $6.5 million
- Prior year q2 revenue
- 70164086
- Shares repurchased q2
- 19529
- Six month revenue yoy
- -11%
- Six month adjusted eps
- 0.26
- Adjusted ebitda q2 2025
- $6.7 million
- Adjusted ebitda q2 2026
- $3.4 million
- Adjusted ebitda yoy change
- -49%
- Q2 gross margin prior year
- 23.3%
- Six month gaap diluted eps
- 1.04
- Adjusted net income q2 2026
- $0.9 million
- Quarterly dividend per share
- $0.11
- Shares remaining under buyback
- 256275
- Six month gaap diluted eps prior year
- 0.69
Price after filing
Close on the filing date to close N calendar days later (from $24.90). Historical, not a forecast.
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