EASTERN (EML) Q2 FY26 earnings call

The Eastern Company reported a mixed Q2 FY26, with year-over-year declines in sales and adjusted profitability, but significant sequential improvements and strong forward indicators. A substantial increase in backlog, driven by both legacy business recovery and strategic aerospace and defense acquisitions, underpins management's confidence for the second half of 2026. The company successfully navigated an ERP implementation and resolved prior low-margin contract issues, positioning it for improved financial performance.