Eastern Company

EML

Market cap $130M

Acquires Sungear and Crown Precision for $7.85 million, establishing a fourth operating platform at Eastern focused on precision manufacturing for the aerospace and defense industries Transaction fully funded under Eastern's existing revolving credit facility with substantial remaining liquidity for further platform development SHELTON, CT / ACCESS Newswire / June 2, 2026 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), a manufacturer of engineered products and solutions serving commercial transportation, logistics, and other industrial markets, today announced the acquisition of Sungear, LLC ("Sungear") and Crown Precision ("Crown"), two California-based precision manufacturers of high tolerance components serving aerospace, defense and adjacent end markets. The transaction establishes a fourth operating platform for Eastern, complementing its existing portfolio of Eberhard Manufacturing, Velvac, and Big 3 Precision.

EML reports a year-over-year decline in Q1 earnings per share as weak returnable packaging demand and operational issues in its racks business pressure margins.

Eastern NASDAQ: EML reported lower first-quarter fiscal 2026 sales and earnings from continuing operations, as weaker demand for returnable transport packaging and an operating issue at its Big 3 Precision business weighed on margins. Management said improving order trends and sequential backlog growth point to a more constructive demand environment for the remainder of the year.

The Eastern Company (EML) Q1 2026 Earnings Call Transcript

Net Sales of $59.7 Million; Net Income of $0.6 Million, or $0.11 per Diluted Share; Adjusted EBITDA of $3.0 Million Improved Order Execution Drives Sequential Revenue Growth; Strengthening Order Conversion Drives Backlog Growth Net Income Impacted by Below-Plan Operating Performance in our racks business; Financial Impact Expected to be Contained to the First Half of 2026 Balance Sheet Strengthened Through Ongoing, Disciplined Capital Allocation: $1.0 million of Debt Reduction; $422,355 of Share Repurchases; Approximately $67 Million of Revolver Availability at the end of the First Quarter SHELTON, CT / ACCESS Newswire / May 12, 2026 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced its results of operations for the first fiscal quarter of 2026 ended April 4, 2026. Ryan Schroeder, President and CEO, stated, "Net sales improved sequentially from the fourth quarter of 2025 despite ongoing softness in returnable packaging volume, as the recovery in demand we identified in Q4 remains intact.

SHELTON, CT / ACCESS Newswire / May 6, 2026 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2026, to common shareholders of record as of May 15, 2026. This dividend represents the Company's 343rd consecutive quarterly dividend.

SHELTON, CT / ACCESS Newswire / April 22, 2026 / The Eastern Company (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, will release financial results for the first quarter 2026 after the market close on Tuesday, May 12, 2026. Management will hold a conference call and webcast on Wednesday, May 13, 2026 at 9:00 a.m.

EML posts year-over-year declines in Q4 earnings per share and sales as weak truck and automotive markets pressured volumes, though restructuring actions and cost controls helped cushion the impact.

The Eastern Company (EML) Q4 2025 Earnings Call Transcript

Q4 2025 net sales of $57.5 million; net income of $1.2 million; EPS of $0.19 Q4 2025 adjusted net income of $1.9 million; Adjusted EPS of $0.31 FY 2025 net sales of $249.0 million; net income of $6.0 million; EPS of $0.98 FY 2025 adjusted net income of $8.4 million; Adjusted EPS of $1.37 Balance Sheet Strengthened with New $100 Million Credit Facility SHELTON, CT / ACCESS Newswire / March 3, 2026 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced its results of operations for the fourth fiscal quarter and full year ended January 3, 2026. "2025 was a year defined by market headwinds we could not control and operational actions we could," stated Ryan Schroeder, President and CEO.