The Eastern Company (EML) reported second-quarter fiscal 2026 net sales of $61.8 million, down 12% from $70.2 million in the prior-year period. Net income from continuing operations was $5.6 million, or $0.94 per diluted share, compared with $2.0 million, or $0.33 per diluted share, a year earlier.
Results included the June 1 acquisition of Sungear, LLC and Sinecera, LLC, known as Crown Precision, adding precision manufacturing businesses serving aerospace, defense and adjacent markets. The company said backlog rose 45% year over year to $126.2 million.
- First-half 2026 net sales were $121.5 million, down 11% from $136.1 million in the comparable 2025 period.
- Net income from continuing operations included a one-time, non-cash bargain purchase gain of $6.5 million tied to the Sungear and Crown Precision acquisition.
- Adjusted EBITDA from continuing operations was $3.4 million for the quarter, compared with $6.7 million a year earlier.
- Eastern repurchased 19,529 shares in the quarter, with 256,275 shares remaining available under its repurchase program as of July 4, 2026.
- Total debt increased by $8.8 million to $41.7 million, reflecting borrowings to complete the acquisitions.
- The company will discuss results Wednesday, Aug. 12, 2026, at 9:00 a.m. Eastern via webcast.
$EML Insider Trading Activity
$EML insiders have traded $EML stock on the open market 22 times in the past 6 months. Of those trades, 22 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $EML stock by insiders over the last 6 months:
- JAMES A MITAROTONDA has made 7 purchases buying 18,463 shares for an estimated $371,280 and 0 sales.
- FREDERICK D. DISANTO has made 7 purchases buying 4,602 shares for an estimated $94,539 and 0 sales.
- JOHN EVERETS has made 2 purchases buying 2,649 shares for an estimated $56,059 and 0 sales.
- PEGGY SCOTT has made 2 purchases buying 2,240 shares for an estimated $47,435 and 0 sales.
- CHAN GALBATO has made 2 purchases buying 1,902 shares for an estimated $40,250 and 0 sales.
- MICHAEL J MARDY purchased 1,099 shares for an estimated $23,002
- CHARLES W HENRY purchased 989 shares for an estimated $20,699
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$EML Hedge Fund Activity
We have seen 22 institutional investors add shares of $EML stock to their portfolio, and 37 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 267,530 shares (-86.9%) from their portfolio in Q2 2026, for an estimated $7,450,710
- TIETON CAPITAL MANAGEMENT, LLC added 217,210 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,049,298
- STATE STREET CORP removed 55,655 shares (-68.2%) from their portfolio in Q2 2026, for an estimated $1,549,991
- SEI INVESTMENTS CO added 46,442 shares (+inf%) to their portfolio in Q1 2026, for an estimated $939,986
- NORTH STAR INVESTMENT MANAGEMENT CORP. removed 35,821 shares (-27.4%) from their portfolio in Q2 2026, for an estimated $997,614
- CITADEL ADVISORS LLC removed 19,389 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $392,433
- GATEPASS CAPITAL, LLC removed 19,000 shares (-63.3%) from their portfolio in Q2 2026, for an estimated $529,150
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
