Form 8-K

8-K — EASTERN CO

Accession: 0001654954-26-004737

Filed: 2026-05-12

Period: 2026-05-12

CIK: 0000031107

SIC: 3420 (CUTLERY, HANDTOOLS & GENERAL HARDWARE)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

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0000031107false00000311072026-05-122026-05-12iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: May 12, 2026

(Date of earliest event reported)

The Eastern Company

(Exact name of Registrant as specified in its charter)

Connecticut

001-35383

06-0330020

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

identification No.)

3 Enterprise Drive, Suite 408, Shelton, Connecticut

06484

(Address of principal executive offices)

(Zip Code)

(203) 729-2255

(Registrant’s telephone number, including area code)

________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2)

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, No Par Value

EML

NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 – Results of Operations and Financial Condition

Press Release dated May 12, 2026 announcing the first quarter earnings for 2026 is attached hereto.

ITEM 7.01 – Regulation FD Disclosure

On May 12, 2026, The Eastern Company released the first quarter earnings for 2026. A copy of the Press Release dated May 12, 2026, announcing the first quarter earnings for 2026 is attached hereto.

ITEM 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

Title

99.1

Press Release dated May 12, 2026 announcing the first quarter earnings for 2026.

104

Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

The Eastern Company

Date: May 12, 2026

By:

/s/Nicholas Vlahos

Nicholas Vlahos

Chief Financial Officer

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EXHIBIT 99.1

FOR IMMEDIATE RELEASE

THE EASTERN COMPANY REPORTS FIRST QUARTER 2026 RESULTS

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 – 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. Order activity has increased across our business segments, with customers showing a greater willingness to commit to spending. Net income reflected the impact of unfavorably priced contracts within our racks business, the effects of which have been addressed and are expected to be largely behind us by the end of the second quarter.

“Our operational priorities during the quarter were focused on strengthening our foundation from which to win more business and fulfill it profitably, including through lead time reduction, expanded throughput capacity, and more efficient capital deployment, all in support of a pipeline of new programs currently in tooling and scheduled to launch in the second and third quarters," continued Mr. Schroeder. "The demand environment for the remainder of 2026 appears considerably more favorable than it was in the second half of 2025. Our balance sheet continues to strengthen as we reduce leverage and build financial flexibility, enabling us to sustain investment in organic growth and, where the right opportunity presents itself, to pursue selective M&A opportunities. We remain focused on execution and are confident in our ability to deliver improving financial performance as we progress through 2026.”

First Quarter 2026 Financial Results

The following analysis excludes discontinued operations.

Net sales in the first quarter of 2026 decreased 5.7% to $59.7 million from $63.3 million in the first quarter of 2025. The decrease in sales was primarily due to lower shipments resulting from reduced order volume for returnable transport packaging products, offset in part by increased sales of truck mirror assemblies. Backlog as of April 4, 2026, increased to $82.2 million from $81.1 million as of January 3, 2026, and decreased from $85.9 million as of March 29, 2025.

Gross margin as a percentage of net sales was 20.0% for the first quarter of 2026 compared to 22.4% for the first quarter of 2025. The decrease reflects lower sales volume, pricing pressures on said volume, and labor inefficiencies.

Selling and administrative expenses decreased $0.3 million, or 2.8%, for the first quarter of 2026 compared to the first quarter of 2025, driven by $0.2 million of lower compensation and related charges and $0.3 million of lower commission charges, partially offset by $0.1 million of higher legal and professional expenses. As a percentage of net sales, selling and administrative expenses were 16. 0% for the first quarter of 2026 compared to 15.6% for the first quarter of 2025, reflecting the impact of lower net sales on the fixed cost base.

Net income for the first quarter of 2026 was $0.6 million, or $0.11 per diluted share, compared to net income of $1.9 million, or $0.31 per diluted share, for the comparable period in 2025.

Adjusted net income from continuing operations (a non-GAAP measure) for the first quarter of fiscal 2026 was $0.6 million, or $0.11 per diluted share, compared to adjusted net income from continuing operations of $2.0 million, or $0.32 per diluted share, for the comparable period in 2025.

Adjusted EBITDA from continuing operations (a non-GAAP measure) for the first quarter of fiscal 2026 was $3.0 million compared to $4.6 million for the comparable period in 2025, a decrease of $1.6 million or approximately 35%. See “Non-GAAP Financial Measures” below and the reconciliation table accompanying this release.

During the first quarter of fiscal 2026, the Company reduced total debt by $1.0 million, reflecting continued progress on its ongoing efforts to reduce leverage and strengthen its balance sheet. In addition, the Company repurchased 21,120 shares of common stock under its share repurchase program authorized in April 2025. As of April 4, 2026, 275,804 shares remained available for repurchase under the program.

Conference Call and Webcast

The Eastern Company will host a conference call to discuss its results for the first quarter of 2026 and related matters on Wednesday, May 13, 2026, at 9:00AM Eastern Time. Participants can access the conference call by phone at 888-506-0062 (toll-free in the US and Canada) or 973-528-0011 (international), using access code: 399095. Participants can also join via the web at https://www.webcaster5.com/Webcast/Page/1757/53943.

About The Eastern Company

The Eastern Company manages businesses that design, manufacture and sell engineered solutions for industrial markets. Eastern’s businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on the Company can be found at www.easterncompany.com.

Safe Harbor for Forward-Looking Statements

Statements contained in this press release that are not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as “would,” “should,” “could,” “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” “plan,” “potential,” “opportunities,” or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company’s business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include:

risks associated with doing business overseas, including fluctuations in exchange rates and the inability to repatriate foreign cash, the impact on our cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs and the impact of political, economic, and social instability;

the impact of tariffs, trade sanctions or political instability on the availability or cost of raw materials;

the impact of higher raw material and component costs and cost inflation, supply chain disruptions and shortages, particularly with respect to steel, plastics, scrap iron, zinc, copper, and electronic components;

delays in delivery of our products to our customers;

the impact of global economic conditions and interest rates, and more specifically conditions in the automotive, construction, aerospace, energy, oil and gas, transportation, electronic, and general industrial markets, including the impact, length and degree of economic downturns on the customers and markets we serve and demand for our products, reductions in production levels, the availability, terms and cost of financing, including borrowings under credit arrangements or agreements, and the impact of market conditions on pension plan funded status;

restrictions on operating flexibility imposed by the agreement governing our credit facility;

the inability to achieve the savings expected from global sourcing of materials;

lower-cost competition;

our ability to design, introduce and sell new or updated products and related components;

market acceptance of our products;

the inability to attain expected benefits from acquisitions or dispositions or the inability to effectively integrate acquired businesses and achieve expected synergies;

costs and liabilities associated with environmental compliance;

the impact of climate change, natural disasters, geopolitical events, and public health crises, including pandemics and epidemics, and any related Company or government policies or actions, including any potential adverse economic impacts resulting from a U.S. federal government shutdown;

military conflict (including the Russia/Ukraine conflict, the conflict in the Middle East, the possible expansion of such conflicts and geopolitical consequences) or terrorist threats and the possible responses by the U.S. and foreign governments;

failure to protect our intellectual property;

cyberattacks, data breaches or interruptions or failures of our information technology systems; and

materially adverse or unanticipated legal judgments, fines, penalties, or settlements.

The Company is also subject to other risks identified and discussed in Part I, Item 1A, Risk Factors, and in Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the Form 10-K/A for the year ended January 3, 2026, filed with the Securities and Exchange Commission (the “SEC”) on March 19, 2026, and that may be identified from time to time in our quarterly reports on Form 10-Q, current reports on Form 8-K and other filings we make with the SEC.

Although the Company believes it has an appropriate business strategy and the resources necessary for its operations, future revenue and margin trends cannot be reliably predicted, and the Company may alter its business strategies to address changing conditions. Also, the Company makes estimates and assumptions that may materially affect reported amounts and disclosures. These relate to valuation allowances for accounts receivable and excess and obsolete inventories, accruals for pensions and other postretirement benefits (including forecasted future cost increases and returns on plan assets), provisions for depreciation (estimating useful lives), uncertain tax positions, and, on occasion, accruals for contingent losses. The Company undertakes no obligation to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise, except as required by law.

Non-GAAP Financial Measures

The non-GAAP financial measures we provide in this press release should be viewed in addition to, and not as an alternative for, results prepared in accordance with U.S. GAAP.

To supplement the condensed consolidated financial statements prepared in accordance with U.S. GAAP, we have presented Adjusted Net Income from Continuing Operations, Adjusted Net Income, Adjusted Earnings Per Share from Continuing Operations, Adjusted EBITDA from Continuing Operations, and Adjusted EBITDA, which are considered non-GAAP financial measures. The non-GAAP financial measures presented may differ from similarly titled non-GAAP financial measures presented by other companies, and other companies may not define these non-GAAP financial measures in the same way. These measures are not substitutes for their comparable U.S. GAAP financial measures, such as net sales, net income, diluted earnings per share, or other measures prescribed by U.S. GAAP, and there are limitations to using non-GAAP financial measures.

Adjusted Net Income from Continuing Operations is defined as net income from continuing operations excluding, when incurred, gains or losses that we do not believe reflect our ongoing operations, including, for example, the impacts of impairment losses, gains/losses on the sale of subsidiaries, property and facilities, transaction expenses primarily relating to acquisitions and divestitures, factory start-up costs, factory relocation expenses, executive severance, and restructuring costs. This measure also excludes credit agreement refinancing expenses because we do not believe these expenses are reflective of our ongoing operations. Adjusted Net Income from Continuing Operations is a tool that can assist management and investors in comparing our performance on a consistent basis across periods by removing the impact of certain items that management believes do not directly reflect our underlying operating performance.

Adjusted Net Income is defined as net income excluding, when incurred, gains or losses that we do not believe reflect our ongoing operations, including, for example, the impacts of impairment losses, gains/losses on the sale of subsidiaries, property and facilities, transaction expenses primarily relating to acquisitions and divestitures, factory start-up costs, factory relocation expenses, executive severance, and restructuring costs. This measure also excludes credit agreement refinancing expenses because we do not believe these expenses are reflective of our ongoing operations. Adjusted Net Income is a tool that can assist management and investors in comparing our performance on a consistent basis across periods by removing the impact of certain items that management believes do not directly reflect our underlying operating performance.

Adjusted Earnings Per Share from Continuing Operations is defined as earnings per share from continuing operations excluding, when incurred, certain per share gains or losses that we do not believe reflect our ongoing operations, including, for example, the impacts of impairment losses, gains/losses on the sale of subsidiaries, property and facilities, transaction expenses primarily relating to acquisitions and divestitures, factory start-up costs, factory relocation expenses, executive severance, and restructuring costs. This measure also excludes credit agreement refinancing expenses because we do not believe these expenses are reflective of our ongoing operations. We believe that Adjusted Earnings Per Share from Continuing Operations provides important comparability of underlying operational results, allowing investors and management to access operating performance on a consistent basis from period to period.

Adjusted EBITDA from Continuing Operations is defined as net income from continuing operations before interest expense, provision for income taxes, and depreciation and amortization and excluding, when incurred, the impacts of certain losses or gains that we do not believe reflect our ongoing operations, including, for example, impairment losses, gains/losses on sale of subsidiaries, property and facilities, transaction expenses primarily relating to acquisitions and divestitures, factory start-up costs, factory relocation expenses, executive severance, and restructuring expenses. This measure also excludes credit agreement refinancing expenses because we do not believe these expenses are reflective of our ongoing operations. Adjusted EBITDA from Continuing Operations is a tool that can assist management and investors in comparing our performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our underlying operations.

Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization and excluding, when incurred, the impacts of certain losses or gains that we do not believe reflect our ongoing operations, including, for example, impairment losses, gains/losses on sale of subsidiaries, property and facilities, transaction expenses primarily relating to acquisitions and divestitures, factory start-up costs, factory relocation expenses, executive severance, and restructuring expenses. This measure also excludes credit agreement refinancing expenses because we do not believe these expenses are reflective of our ongoing operations. Adjusted EBITDA is a tool that can assist management and investors in comparing our performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our underlying operations.

Management uses such measures to evaluate performance period over period, to analyze the underlying trends in our business, to assess our performance relative to our competitors, and to establish operational goals and forecasts that are used in allocating resources. These financial measures should not be considered in isolation from, or as a replacement for, U.S. GAAP financial measures.

We believe that presenting non-GAAP financial measures in addition to U.S. GAAP financial measures provides investors greater transparency to the information used by our management for its financial and operational decision-making. We further believe that providing this information better enables our investors to understand our operating performance and to evaluate the methodology used by management to evaluate and measure such performance.

Investor Relations Contacts

The Eastern Company

Ryan Schroeder or Nicholas Vlahos

203-729-2255

THE EASTERN COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended

April 4,

2026

March 29,

2025

Net sales

$ 59,676,538

$ 63,312,774

Cost of products sold

(47,746,857 )

(49,125,302 )

Gross margin

11,929,681

14,187,472

Product development expense

(1,035,312 )

(1,109,186 )

Selling and administrative expenses

(9,569,647 )

(9,847,121 )

Operating profit

1,324,722

3,231,165

Interest expense

(527,513 )

(617,470 )

Other income (expense)

13,185

(199,705 )

Income before income taxes from continuing operations

810,394

2,413,990

Income tax expense

(170,264 )

(507,179 )

Net income from continuing operations

$ 640,130

$ 1,906,811

Discontinued Operations (see note B)

Income from operations of discontinued unit

$ -

$ 46,687

Income tax expense

(9,809 )

Income from discontinued operations

$ -

$ 36,878

Net Income

$ 640,130

$ 1,943,689

Earnings per share from continuing operations:

Basic

$ 0.11

$ 0.31

Diluted

$ 0.11

$ 0.31

Earnings per share from discontinued operations:

Basic

$ -

$ 0.01

Diluted

$ -

$ 0.01

Total earnings per share:

Basic

$ 0.11

$ 0.32

Diluted

$ 0.11

$ 0.32

Cash dividends per share:

$ 0.11

THE EASTERN COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

April 4,

2026

January 3,

2026

(unaudited)

ASSETS

Current Assets

Cash and cash equivalents

$ 7,616,721

$ 7,412,019

Accounts receivable, less allowances: 2026 - $654,901; 2025 - $633,391

32,552,064

30,128,669

Inventories

53,070,606

56,343,756

Current portion of notes receivable

28,844

33,844

Prepaid expenses and other current assets

6,327,063

5,349,486

Total Current Assets

99,595,298

99,267,774

Property, Plant and Equipment

61,946,747

60,163,556

Accumulated depreciation

(35,168,354 )

(33,246,213 )

Property, Plant and Equipment, Net

26,778,393

26,917,343

Goodwill

58,595,819

58,631,336

Trademarks

5,082,717

5,082,767

Patents and other intangibles, net of accumulated amortization

4,662,779

5,269,204

Deferred income taxes

5,528,496

Right of use assets

16,730,406

15,979,696

Other Long-term assets

119,206

Total Other Assets

90,719,423

90,491,499

TOTAL ASSETS

$ 217,093,114

$ 216,676,616

THE EASTERN COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

April 4,

2026

January 3,

2026

(unaudited)

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current Liabilities

Accounts payable

$ 17,515,661

$ 16,426,259

Accrued compensation

4,522,283

4,203,720

Other accrued expenses

2,510,018

2,349,400

Current portion of operating lease liability

3,055,121

3,729,769

Current portion of finance lease liability

710,099

908,332

Total Current Liabilities

28,313,182

27,617,480

Other long-term liabilities

464,902

Operating lease liability, less current portion

13,675,376

12,235,188

Finance lease liability, less current portion

3,124,561

3,080,446

Long-term debt, less current portion

32,892,335

33,902,353

Accrued postretirement benefits

329,608

332,165

Accrued pension cost

13,765,021

14,398,753

Total Liabilities

92,564,985

92,031,287

Shareholders’ Equity

Voting Preferred Stock, no par value:

Authorized and unissued: 1,000,000 shares

Nonvoting Preferred Stock, no par value:

Authorized and unissued: 1,000,000 shares

Common Stock, no par value, Authorized: 50,000,000 shares

36,195,242

36,337,100

Issued: 9,189,555 shares as of April 4, 2026 and 9,179,288 shares as of January 3, 2026

Outstanding: 6,030,914 shares as of April 4, 2026 and 6,041,767 shares as of January 3, 2026

Treasury Stock: 3,158,641 shares as of April 4, 2026 and 3,137,521 shares as of January 3, 2026

(30,490,132 )

(30,067,777 )

Retained earnings

137,972,757

137,997,382

Accumulated other comprehensive loss:

Foreign currency translation

(1,276,177 )

(1,437,363 )

Unrealized gain on foreign currency swap, net of tax

669,248

570,097

Unrecognized net pension and postretirement benefit costs, net of tax

(18,542,809 )

(18,754,110 )

Accumulated other comprehensive loss

(19,149,738 )

(19,621,376 )

Total Shareholders’ Equity

124,528,129

124,645,329

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$ 217,093,114

$ 216,676,616

THE EASTERN COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three Months Ended

April 4,

2026

March 29,

2025

Operating Activities

Net income

$ 640,130

$ 1,943,689

Less: Income from discontinued operations

36,878

Income from continuing operations

$ 640,130

$ 1,906,811

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Depreciation and amortization

1,651,228

1,513,054

Acquisition related expenses

21,039

Reduction in carrying amount of ROU assets

728,742

718,693

Unrecognized pension and postretirement benefit

(362,852 )

(13,898 )

Loss on sale of equipment and other assets

14,145

Provision for doubtful accounts

20,228

11,000

Stock compensation benefit

(141,858 )

(23,078 )

Changes in operating assets and liabilities:

Accounts receivable

(2,422,752 )

2,015,269

Inventories

3,333,609

(137,403 )

Prepaid expenses and other

(993,363 )

(695,563 )

Other assets

(8,524 )

171,271

Accounts payable

1,040,932

560,951

Accrued compensation

310,638

(1,256,224 )

Change in operating lease liability

(728,742 )

(718,693 )

Other accrued expenses

397,772

(5,921,413 )

Net cash provided by (used in) operating activities

3,479,333

(1,848,184 )

Investing Activities

Marketable securities

(309,385 )

Acquisition

(421,039 )

Payments received from notes receivable

5,000

14,545

Proceeds from sale of equipment

3,500

Purchases of property, plant, and equipment

(867,330 )

(849,396 )

Net cash used in investing activities

(858,830 )

(1,565,275 )

Financing Activities

Payments on short term borrowings (revolver)

Principal payments on long-term debt

(1,015,894 )

(750,000 )

Financing leases, net

(236,277 )

(126,990 )

Purchase common stock for treasury

(422,355 )

(1,400,804 )

Dividends paid

(664,755 )

(675,053 )

Net cash used in financing activities

(2,339,281 )

(2,952,847 )

Discontinued Operations

Cash provided by operating activities

389,947

Cash used in financing activities

(6,347 )

Cash provided by discontinued operations

383,600

Effect of exchange rate changes on cash

(76,520 )

218,620

Net change in cash and cash equivalents

204,702

(5,764,086 )

Cash and cash equivalents at beginning of period

7,412,019

14,843,530

Cash and cash equivalents at end of period 1

$ 7,616,721

$ 9,079,444

Supplemental disclosure of cash flow information:

Interest

$ 511,863

$ 671,762

Income taxes

184,573

427,318

Non-cash investing and financing activities

Right of use asset

765,544

3,784,982

Lease liability

581,034

3,650,676

1 Includes cash from assets held for sale of $1.2 million as of March 29, 2025

Reconciliation of Non-GAAP Measures

Adjusted Net Income from Continuing Operations and Adjusted Earnings per Share from Continuing Operations Calculation

For the Three Months ended April 4, 2026 and March 29, 2025

($000's)

Three Months Ended

April 4,

2026

March 29,

2025

Net income from continuing operations as reported per generally accepted accounting principles (GAAP)

$ 640

$ 1,907

Earnings per share from continuing operations as reported under generally accepted accounting principles (GAAP):

Basic

$ 0.11

$ 0.31

Diluted

$ 0.11

$ 0.31

Adjustments:

Restructuring (a)

Non-GAAP tax impact of adjustments (1)

(14 )

Total adjustments (Non-GAAP)

Adjusted net income from continuing operations (Non-GAAP)

$ 640

$ 1,958

Adjusted earnings per share from continuing operations (Non-GAAP):

Basic

$ 0.11

$ 0.32

Diluted

$ 0.11

$ 0.32

(1) We estimate the tax effect of the items identified to determine a non-GAAP annual effective tax rate applied to the pre-tax amount in order to calculate the non-GAAP provision for income taxes

(a) consists of personnel related and facility costs

Reconciliation of Non-GAAP Measures

Adjusted EBITDA Calculation

For the Three Months ended April 4, 2026 and March 29, 2025

($000's, except for per share data)

Three Months Ended

April 4,

2026

March 29,

2025

Net income from continuing operations as reported per generally accepted accounting principles (GAAP)

$ 640

$ 1,907

Interest expense

528

618

Provision for income taxes

170

507

Depreciation and amortization

1,651

1,519

Restructuring (a)

Adjusted EBITDA from continuing operations (non-GAAP)

$ 2,989

$ 4,616

Net income from discontinued operations as reported per generally accepted accounting principles (GAAP)

$ -

$ 37

Interest expense

154

Provision for income taxes

Depreciation and amortization

Adjusted EBITDA from discontinued operations (non-GAAP)

$ -

$ 201

Net income as reported per generally accepted accounting principles (GAAP)

$ 640

$ 1,944

Interest expense

528

772

Provision for income taxes

170

517

Depreciation and amortization

1,651

1,519

Restructuring (a)

Total Adjusted EBITDA

$ 2,989

$ 4,817

(a) consists of personnel related and facility costs

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v3.26.1

Cover

May 12, 2026

Cover [Abstract]

Entity Registrant Name

The Eastern Company

Entity Central Index Key

0000031107

Document Type

8-K

Amendment Flag

false

Entity Emerging Growth Company

false

Document Period End Date

May 12, 2026

Entity File Number

001-35383

Entity Incorporation State Country Code

Entity Tax Identification Number

06-0330020

Entity Address Address Line 1

3 Enterprise Drive

Entity Address Address Line 2

Suite 408

Entity Address City Or Town

Shelton

Entity Address State Or Province

Entity Address Postal Zip Code

06484

City Area Code

203

Local Phone Number

729-2255

Security 12b Title

Common Stock, No Par Value

Trading Symbol

EML

Security Exchange Name

NASDAQ

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

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- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

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Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

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- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

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Namespace Prefix:

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Data Type:

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