Eastern Company Q2 revenue falls on lower core shipments
EML•Outlook for the second half of 2026
Eastern expects improved underlying profitability through the remainder of 2026.
The company said it sees strong momentum and enhanced visibility entering the second half of 2026, and expects benefits from integrating its recent aerospace and defense acquisitions.
Q2 revenue and adjusted EPS decline
Eastern Company’s second-quarter revenue fell 12% year over year on lower core product shipments.
Adjusted earnings per share for the quarter also declined from the prior year.
Shipments and margin pressure drove the decline
The company said revenue fell due to lower shipments of truck mirror assemblies, returnable transport packaging and latch and handle assemblies.
Unfavorably priced contracts in returnable transport packaging are now behind the company, with new orders at stronger margins.
Acquisitions lifted aerospace exposure and backlog
Eastern said acquisitions of Sungear and Crown Precision added aerospace sales and contributed to backlog growth.
The company said the deals expand its presence in aerospace and defense, and backlog rose 45% year over year.
