Welcome to our dedicated page for EASTERN CO SEC filings (Ticker: EML), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Eastern Company filings document the regulatory record of a Connecticut industrial manufacturer with common stock listed on the Nasdaq Global Market under EML. The disclosures cover operating results and financial condition for its engineered solutions business, including commercial transportation, logistics, and other industrial markets.
Its SEC reports also record governance and capital-structure matters, including annual proxy materials, shareholder voting results, board committee assignments, director elections, executive compensation votes, bylaw amendments, material agreements, and a senior secured revolving credit facility. The filings provide formal exhibits and risk-related context for financing, corporate governance, and public-company reporting obligations.
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 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 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 reported fiscal 2025 results showing resilience amid weak end markets. Net sales were $249.0 million and net income from continuing operations was $6.0 million ($0.98 per diluted share). Adjusted EBITDA was $19.4 million and cash flow from continuing operations was $8.9 million.
The company reduced outstanding debt by $8.7 million, finished with a net leverage ratio of 1.59x, repurchased 153,663 shares (over 2.5% of outstanding shares), and returned approximately $2.7 million in dividends. Backlog was $81.1 million as of January 3, 2026. Management highlights restructuring savings of approximately $4.0 million annualized and tariff exposure mitigation of about $10.0 million.
The Eastern Company is asking shareholders to vote at its 2026 virtual annual meeting on May 6, 2026. Holders of 6,036,390 common shares as of March 9, 2026 can elect six directors, approve advisory executive pay and ratify Fiondella, Milone & LaSaracina LLP as auditor.
The proxy highlights refreshed governance, including reducing the Board from eight to six members, disbanding the Executive Committee, updated committee charters and codes of ethics, and a strong focus on risk oversight, safety and shareholder engagement. Executive pay is heavily performance-based; 2025 bonuses and several performance equity awards did not vest because financial targets were not met.
Eastern Co. insider group associated with James A. Mitarotonda reported an open-market purchase of 2,000 Common Shares at $20.1087 per share on March 18, 2026. The shares were acquired indirectly through Barington Companies Equity Partners L.P., which now holds 644,342 Common Shares after the transaction.
Mitarotonda is a director and ten percent owner, and he also reports a separate direct holding of 44,511 Common Shares. The footnotes state that each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.
The Eastern Company filed an amended annual report that reissues its full 2025 Form 10‑K and adds previously omitted exhibits, including subsidiary lists and Sarbanes‑Oxley CEO/CFO certifications.
For 2025, net sales fell to $249.0 million from $272.8 million, and net income dropped to $6.0 million (diluted EPS $0.98) from $13.2 million (diluted EPS $2.13) in 2024. Fourth‑quarter 2025 sales were $57.5 million versus $66.7 million, with net income of $1.2 million versus $1.6 million. The Engineered Solutions segment remains the sole reportable segment, and backlog declined to $81.1 million from $89.2 million, mainly on weaker orders for returnable transport packaging.
The company highlights risks from global competition, tariffs, supply chain disruption, cybersecurity, leverage and changing tax rules. It ended the year with $33.9 million of debt, authorized repurchases of up to 400,000 shares (35,701 bought in 2025), and employed 1,246 people as of January 3, 2026.
Barington has updated its Schedule 13D/A for The Eastern Company, reporting beneficial ownership of 686,853 shares of common stock, or about 11.36% of the 6,041,767 shares outstanding as of February 15, 2026. Most reporting entities, including Barington Companies Equity Partners, L.P. and related affiliates, each report 642,342 shares, while James A. Mitarotonda also individually owns 44,511 shares granted under Eastern’s Directors Fee Program.
Since the last amendment, the group purchased 41,151 Eastern shares through open market transactions and under the fee program, with about $1,578,352.18 in purchases by Barington Companies Equity Partners, L.P., funded from working capital that may include margin loans. The filing states the position is held for portfolio management purposes and notes no specific current plans regarding Eastern, while leaving open the possibility of future additional purchases or sales depending on market and company conditions.