The Eastern Company reported second quarter 2026 results on August 11, 2026. Net sales decreased 12% to $61.8 million from $70.2 million in the prior year period, while net income from continuing operations rose to $5.6 million, or $0.94 per diluted share, compared to $2.0 million, or $0.33 per diluted share. The increase in earnings was driven by a $6.5 million one-time bargain purchase gain recognized upon the June 1 acquisition of Sungear, LLC and Sinecera, LLC (dba Crown Precision), which expanded the company into aerospace and defense markets. Adjusted net income from continuing operations declined to $0.9 million, or $0.15 per diluted share, from $3.5 million in the prior year period. Total debt increased by $8.8 million to $41.7 million to fund the acquisitions. The company repurchased 19,529 shares during the quarter and paid a quarterly cash dividend of $0.11 per share. The Eastern Company is an industrial manufacturer of engineered products and solutions serving commercial transportation, logistics, and other industrial markets.