Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 second quarter 2026 results reflecting lower sales but strong backlog growth and a one-time acquisition gain. Net sales decreased 12% to $61.8 million, and first-half sales fell 11% to $121.5 million, primarily from reduced shipments of returnable transport packaging, truck mirror assemblies, and latch and handle assemblies, partly offset by $1.7 million in aerospace revenue from newly acquired Sungear and Crown Precision. Gross margin was 20.6% in the quarter versus 23.3% a year earlier.
GAAP net income from continuing operations rose to $5.6 million ($0.94 per diluted share) from $2.0 million, driven by a $6.5 million non-cash bargain purchase gain on the acquisition. Excluding this and other items, adjusted net income fell to $0.9 million ($0.15 per share) from $3.5 million ($0.57 per share), and adjusted EBITDA declined to $3.4 million from $6.7 million. Backlog grew 45% year-over-year to $126.2 million, supported by acquired aerospace orders and improving demand in core transportation products. The company increased total debt to $41.7 million to fund the acquisition but generated $12.0 million of operating cash flow in the first half and repurchased 19,529 shares, with 256,275 shares remaining authorized for repurchase.
The Eastern Company is acquiring Sungear and Crown Precision, two California-based aerospace and defense component manufacturers, for $7.85 million in aggregate cash-free, debt-free consideration. The deal establishes a fourth operating platform focused on precision manufacturing alongside Eastern’s existing Eberhard Manufacturing, Velvac, and Big 3 Precision businesses.
The acquisition is fully funded through borrowings under Eastern’s existing revolving credit facility, with substantial remaining liquidity for further development. On a combined basis, Sungear and Crown generated about $22.8 million of revenue in the trailing twelve months ended April 1, 2026. Both companies will retain their current management teams, while Eastern plans to provide financial discipline, strategic guidance, and capital to support capacity, automation, and product development.
The Eastern Company reported first-quarter 2026 net sales of $59.7 million, down 5.7% from a year earlier, as softer demand for returnable transport packaging offset higher truck mirror sales. Gross margin fell to 20.0% from 22.4% on lower volume, pricing pressure, and labor inefficiencies.
Net income from continuing operations declined to $0.6 million, or $0.11 per diluted share, compared with $1.9 million, or $0.31 per share, in 2025. Adjusted EBITDA from continuing operations was $3.0 million versus $4.6 million, a decrease of about 35%, with management citing unfavorably priced racks contracts that are expected to be largely resolved by the end of the second quarter.
Backlog was $82.2 million as of April 4, 2026, up from $81.1 million at the start of the year, reflecting stronger order conversion. The company reduced total debt by $1.0 million, repurchased 21,120 shares, and generated $3.5 million of operating cash flow, supporting its focus on deleveraging and selective capital returns.
The Eastern Company announced updated board committee assignments, approved by its Board of Directors on May 6, 2026 and effective immediately following the 2026 Annual Meeting of Shareholders.
Peggy B. Scott will chair the Audit and Environmental Health & Safety Committees, Frederick DiSanto will chair the Compensation and Nominating and Corporate Governance Committees, and John W. Everets will chair the Capital Allocation and Investment Committee.
The Eastern Company reported voting results from its 2026 Annual Meeting of Shareholders held on May 6, 2026. Shareholders elected six directors — Frederick D. DiSanto, John W. Everets, Chan Galbato, James Mitarotonda, Peggy B. Scott, and Ryan A. Schroeder — each for a one-year term expiring in 2027.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers and ratified the appointment of Fiondella, Milone & LaSaracina LLP as the independent registered public accounting firm for the 2026 fiscal year.
The Eastern Company filed an amendment to a prior current report to add the full text of its Second Amended and Restated Bylaws as an exhibit. On February 25, 2026, directors Charles W. Henry and Michael J. Mardy told the Board they will not stand for re‑election at the 2026 annual meeting and will retire when their terms expire, after which the Board will be reduced from eight to six members.
The Board approved amended bylaws effective that same date. The changes let shareholders amend the bylaws with a simple majority instead of a 75% supermajority, lower the ownership needed to call a special meeting from 35% to 25% with added procedural safeguards, and update advance notice, disclosure and nomination rules to align with SEC universal proxy requirements. The bylaws also clarify that the Chairman of the Board is not an officer role and make various technical and conforming updates.
The Eastern Company reported weaker 2025 results as key end-markets softened but remained profitable and strengthened liquidity. Full-year net sales fell to $249.0 million from $272.8 million, with net income from continuing operations down to $6.0 million, or $0.98 per diluted share, from $2.13.
Fourth-quarter 2025 net sales were $57.5 million, down 13.7%, with net income of $1.2 million and EPS of $0.19. Full-year adjusted net income from continuing operations was $8.4 million and adjusted EPS $1.37, while adjusted EBITDA from continuing operations declined to $19.4 million from $26.3 million. Backlog decreased to $81.1 million. The company reduced debt by $8.7 million, paid $2.7 million in dividends, repurchased $3.7 million of stock (about 2.5% of shares), and secured a new $100 million credit facility.
The Eastern Company reported planned Board changes and updates to its corporate bylaws. Directors Charles W. Henry and Michael J. Mardy informed the Board they will not stand for re-election at the 2026 Annual Meeting and will retire at that time. The Board will reduce its size from eight to six directors at the same time.
The Board also approved Second Amended and Restated Bylaws effective February 25, 2026. Key changes include lowering the shareholder vote needed to amend bylaws to a simple majority, reducing the ownership threshold to call a special meeting to 25%, updating advance notice and disclosure requirements for nominations and proposals, and aligning procedures with SEC universal proxy rules.
The Eastern Company filed a current report to furnish its third quarter 2025 earnings information. The company released its Q3 2025 results on November 4, 2025 and attached the related earnings press release as an exhibit. The report presents this earnings update under items addressing results of operations and Regulation FD disclosure.
The Eastern Company (EML) entered a new senior secured revolving credit facility with Citizens Bank and a lender group. The agreement provides a $100 million, five-year revolver maturing on October 28, 2030, including sublimits of $5 million for letters of credit and $5 million for swing line loans. The facility includes an accordion permitting up to an additional $75 million, if lenders agree.
Borrowings accrue interest at the Company’s election as SOFR Loans with a margin of 1.375%–2.125%, ABR Loans with a margin of 0.375%–1.125%, or Daily SOFR Loans with a margin of 1.375%–2.125%. The current margin for SOFR Loans is 1.375%. An unused commitment fee of 0.200%–0.275% applies; the current fee is 0.200%. Key covenants include a Senior Net Leverage Ratio ≤ 3.50x (step-up to 4.00x upon a material acquisition) and an interest coverage ratio ≥ 3.00x.
Subsidiaries guarantee the obligations, and substantially all Company and guarantor assets secure the facility. EML terminated its prior credit agreement on closing using proceeds from the new facility and incurred no early termination penalties.