Eastern CO 8-K filings

The Eastern Company announced its second quarter 2026 results, highlighting strategic acquisitions in the aerospace sector and a significant increase in backlog, despite a year-over-year decrease in net sales and adjusted profitability.

The Eastern Company announced the acquisition of Sungear and Crown Precision for $7.85 million, establishing a new operating platform in precision manufacturing for aerospace and defense.

The Eastern Company announced its first quarter 2026 results, with net sales of $59.7 million and net income of $0.6 million, impacted by operational issues in its racks business.

The Eastern Company announced a significant decline in 2025 net income and sales due to market pressures, but highlighted cost restructuring and a strengthened balance sheet.

The Eastern Company announced two director retirements, a reduction in board size, and significant amendments to its bylaws enhancing shareholder rights.

The Eastern Company reported a 22% decline in third-quarter 2025 sales and an 87% drop in earnings, attributing the downturn to weakness in the heavy-duty truck and automotive markets, while also announcing a new $100 million revolving credit facility.

The Eastern Company has replaced its prior credit facility with a new $100 million five-year senior secured revolving credit facility, offering improved financial flexibility and lower interest margins.

The Eastern Company reported a significant decline in second-quarter 2025 net income and sales, driven by challenging markets and restructuring charges, despite implementing cost-saving initiatives.

The Eastern Company announced a workforce reduction expected to save $4.0 million annually, incurring an estimated $1.0 million in charges, as part of an effort to reduce operating costs and align its workforce.

The Eastern Company announced its first quarter 2025 results, featuring a slight dip in net sales but progress in strategic initiatives like business unit sales and share repurchases.

The Eastern Company announces changes to its Board of Directors' committee assignments, effective May 1, 2025.

The Eastern Company has appointed Chan W. Galbato to its Board of Directors, effective May 1, 2025, increasing the board size from seven to eight members.

The Eastern Company held its annual shareholder meeting on April 30, 2025, and announced the results of voting on director elections, executive compensation, and auditor ratification.

The Eastern Company amends its credit agreement to increase its revolving commitment to $50 million and expand investment options.

The Eastern Company announced a 5% increase in net sales and a 12% increase in net income from continuing operations for the full year 2024.

The Eastern Company has announced the resignation of CEO Mark A. Hernandez, effective November 4, 2024, and the appointment of Ryan Schroeder as the new CEO, effective November 6, 2024.

The Eastern Company announced a 15% increase in net sales and a 36% increase in earnings per diluted share for Q3 2024, alongside the appointment of a new CEO.

The Eastern Company announced a significant increase in net income for the second quarter of 2024, driven by higher sales and improved gross margins.

The Eastern Company has implemented new equity award agreements for executive officers, shifting towards performance-based metrics including EBITDA, return on invested capital, and total shareholder return.

The Eastern Company's first quarter of 2024 saw a significant increase in net income and gross margin, despite a slight decrease in sales, driven by operational improvements and cost-saving initiatives.

The Eastern Company held its annual shareholder meeting on April 25, 2024, where directors were elected and executive compensation was approved.

The Eastern Company saw significant improvements in gross margin, earnings, and cash flow in 2023, culminating in a strong fourth quarter.