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AI brief of an SEC Form 8-K · EASTERN CO (EML)

Eastern Q1 net sales fall 5.7% to $59.7 million; net income drops to $0.6 million

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyEASTERN CO (EML)
Form8-K, current report
Filed with the SECMay 12, 2026, 4:26 PM ET
Accession number0001654954-26-004737

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.