Every material Form 8-K EASTERN CO has filed with the SEC since May 12, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The Eastern Company reported second quarter 2026 net sales of $61.8 million, down 12% from $70.2 million a year earlier, and adjusted EBITDA of $3.4 million, down about 49% from $6.7 million. GAAP diluted earnings per share rose to $0.94 from $0.33, but that figure includes a one-time, non-cash bargain purchase gain of $6.5 million tied to its June 1, 2026 acquisition of Sungear and Crown Precision. The filing gives no updated financial guidance.
Net sales fell 12% to $61.8 million, with lower truck mirror, returnable packaging and latch and handle shipments partly offset by $1.7 million of aerospace sales from the acquisition
Adjusted net income from continuing operations was $0.9 million, or $0.15 per diluted share, versus $0.57 a year earlier
GAAP net income from continuing operations was $5.6 million, or $0.94 per diluted share, including the $6.5 million bargain purchase gain
Backlog rose 45% year over year to $126.2 million; total debt increased $8.8 million to $41.7 million
The Eastern Company said it acquired Sungear, LLC and Crown Precision, two California precision manufacturers serving aerospace and defense markets, for $7.85 million in aggregate cash consideration on a cash-free, debt-free basis. The deal creates a fourth operating platform for Eastern, and the filing says it was funded through borrowings under the company's existing revolving credit facility with Citizens Bank, N.A.
Aggregate consideration of $7.85 million for 100% of Sungear and Crown equity, cash-free and debt-free
Combined revenue of approximately $22.8 million for the trailing twelve months ended April 1, 2026
Funded through borrowings under Eastern's revolving credit facility with Citizens Bank, N.A.
Sungear and Crown will keep their existing management teams; the deal adds a fourth operating platform alongside Eberhard Manufacturing, Velvac, and Big 3 Precision
The Eastern Company reported first-quarter 2026 results for the period ended April 4, 2026. Net sales fell 5.7% from a year earlier and net income dropped to $0.6 million, or $0.11 per diluted share, from $1.9 million, or $0.31, with management citing unfavorably priced racks contracts and lower returnable packaging volume. The company reduced debt by $1.0 million and expects the racks impact to be largely behind it by the end of the second quarter.
Net sales were $59.7 million, down 5.7% from $63.3 million in the first quarter of 2025.
Net income was $0.6 million, or $0.11 per diluted share, versus $1.9 million, or $0.31, a year earlier.
Adjusted EBITDA was $3.0 million, compared with $4.6 million, a decrease of about 35%.
Backlog was $82.2 million as of April 4, 2026, up from $81.1 million at January 3, 2026.
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