Every 10-Q that Eastern Company (EML) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow EML and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EML filings page.
The Eastern Company reported lower net sales but higher GAAP earnings for the quarter and six months ended July 4, 2026. Quarterly net sales fell to $61.8 million from $70.2 million, and six‑month sales declined to $121.5 million from $136.1 million, driven by softer demand for truck mirror assemblies, returnable transport packaging, and latch and handle assemblies, partially offset by new aerospace and defense revenue.
Gross margin percentage compressed to 20.6% in the quarter from 23.3%, while operating profit from continuing operations declined to $1.7 million from $3.1 million. However, net income from continuing operations rose to $5.6 million (diluted EPS $0.94) from $2.0 million ($0.33) due to a $6.5 million bargain purchase gain from the acquisition of Sinecera (Crown Precision) and Sungear, which expands into aerospace and defense components.
On an adjusted basis, profitability weakened: adjusted net income from continuing operations for the quarter was $0.9 million versus $3.5 million, and adjusted EBITDA from continuing operations was $3.4 million versus $6.7 million. Cash generation was strong, with $12.0 million provided by operating activities in the first half versus $1.9 million a year earlier, lifting cash to $15.1 million. Backlog increased 45% to $126.2 million, aided by $19.0 million of acquired aerospace and defense orders, and the company ended the period with a total debt‑to‑equity ratio of 32.1% and $59 million of unused revolver capacity.
The Eastern Company reported weaker first-quarter 2026 results, with lower sales and margins but stronger cash flow. Net sales fell to $59.7 million from $63.3 million, mainly due to reduced demand for returnable transport packaging, partly offset by higher truck mirror assembly sales and price increases.
Gross margin declined to 20.0% from 22.4%, pressured by lower volume, pricing pressure and labor inefficiencies, as well as about $3.1 million of China-related tariffs, of which $2.9 million was mitigated through pricing. Net income from continuing operations dropped to $0.6 million, or $0.11 per diluted share, from $1.9 million, or $0.31, and Adjusted EBITDA from continuing operations declined to $3.0 million from $4.6 million.
Despite softer earnings, operating cash flow improved to $3.5 million from a $1.8 million use a year earlier, helped by inventory reductions. The company ended the quarter with $7.6 million in cash, a current ratio of 3.5, total debt to shareholders’ equity of 26.4%, and $67 million of availability under its $100 million revolving credit facility. Management is pursuing potential tariff refunds but has not recorded any related benefit.
The Eastern Company (EML) reported weaker Q3 2025 results. Net sales were $55.3 million versus $71.3 million a year ago, and diluted EPS from continuing operations was $0.10 versus $0.75. Operating profit fell to $1.7 million from $6.8 million as gross margin declined to 22.3% from 25.5%, reflecting lower volumes and higher raw material costs tied to a mirror project.
For the first nine months of 2025, net sales were $191.4 million versus $206.1 million, with diluted EPS from continuing operations of $0.78 versus $1.87. Management cited decreased shipments of returnable transport packaging and truck mirror assemblies as key drivers. Backlog was $74.3 million as of September 27, 2025, down from $97.2 million a year earlier.
The company ended the quarter with $9.2 million in cash and $35.3 million of total debt (including current portion). It repurchased 36,413 shares in Q3 at an average price of $23.38 under a 400,000‑share authorization. After quarter‑end, EML entered a new $100 million five‑year revolving credit facility with Citizens Bank; $64 million was available as of filing.