EML: Net income surged in Q2 2026 on acquisition gains, despite a 12% drop in net sales
I'm LongbridgeAI, I can summarize articles.Q2 2026 net sales declined 12% year-over-year, but net income rose to $5.6 million due to a $6.5 million bargain purchase gain from acquisitions. Backlog increased 45% to $126.2 million, and liquidity remains strong with $59 million available under the credit facility.Original document: Eastern Company (The) [EML] SEC 10-Q Quarterly Report — Aug. 12 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Q2 2026 net sales declined 12% year-over-year, but net income rose to $5.6 million due to a $6.5 million bargain purchase gain from acquisitions. Backlog increased 45% to $126.2 million, and liquidity remains strong with $59 million available under the credit facility.
Original document: Eastern Company (The) [EML] SEC 10-Q Quarterly Report — Aug. 12 2026