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 / 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.