How many shares did Eastern repurchase in Q2 2026 and how many remain available?

Eastern repurchased 19,529 shares during the second quarter of 2026. As of July 4, 2026, 256,275 shares remained available for repurchase under the program authorized in April 2025. This represents approximately 4% of the company's total outstanding share count of about 6.0 million shares.

What was the average price paid per share and total dollar value of Q2 2026 buybacks?

The filing does not disclose the average price paid per share or the total dollar value of the Q2 2026 repurchases. These details were not included in the earnings release or 8-K filing.

When was the current share repurchase program authorized?

The current program was authorized in April 2025, according to the filing. The original authorization amount is not disclosed in this earnings release.

How do buybacks affect share count and earnings per share?

Buybacks reduce the number of outstanding shares, which can increase earnings per share on a mechanical basis even if net income remains flat. Eastern's Q2 diluted EPS was $0.94 from continuing operations; fewer shares outstanding would amplify future per-share earnings if profitability improves.

Is Eastern buying back shares while taking on debt for acquisitions?

Yes. Eastern borrowed $8.8 million in Q2 2026 to complete acquisitions of Sungear and Crown Precision while simultaneously repurchasing shares. This dual capital allocation reflects management's confidence in both organic growth through M&A and shareholder returns, though it increases financial leverage.

What execution mechanism does Eastern use for its buyback program?

The filing does not specify whether Eastern uses Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. Typical industrial manufacturers use Rule 10b-18, but this filing does not confirm Eastern's specific approach.

EML 8-K Filed 2026-08-11 Execution disclosure

Eastern Co. repurchased 19,529 shares in Q2 2026

Company continues buyback program authorized April 2025; 256,275 shares remain available for repurchase.

Shares repurchased20K

MechanismNot specified

What the filing says

Eastern Company (NASDAQ: EML) repurchased 19,529 shares of common stock during the second quarter of fiscal 2026 ended July 4, 2026, under a share repurchase program authorized in April 2025. As of quarter-end, 256,275 shares remained available for repurchase under the existing authorization.

The buyback activity was disclosed in the company's second-quarter 2026 earnings release, filed as an exhibit to an 8-K on August 11, 2026. The filing does not specify the average price paid per share, the total dollar amount authorized for the program, or the execution mechanism (e.g., Rule 10b-18 open-market purchases or other method).

Eastern reported net sales of $61.8 million in Q2 2026, down 12% year-over-year, though the company completed two aerospace and defense acquisitions during the period and ended the quarter with backlog of $126.2 million, up 45% from the prior year.

In addition, the Company repurchased 19,529 shares of common stock under its share repurchase program authorized in April 2025. As of July 4, 2026, 256,275 shares remained available for repurchase under the program. — EASTERN CO 8-K filing · View on SEC EDGAR →

What this means

Eastern's repurchase of nearly 20,000 shares in Q2 represents a modest capital allocation to shareholders during a period of strategic acquisition activity and operational headwinds. The company borrowed $8.8 million to fund the Sungear and Crown Precision acquisitions in June 2026, increasing total debt to $41.7 million, while simultaneously conducting share buybacks. With 256,275 shares remaining under the April 2025 authorization—representing approximately 4% of the outstanding share base of ~6.0 million shares—the company maintains flexibility to continue repurchases. The absence of disclosed purchase prices and authorization-dollar amounts limits visibility into the program's total scope and execution rate.

Frequently asked questions

How many shares did Eastern repurchase in Q2 2026 and how many remain available?: Eastern repurchased 19,529 shares during the second quarter of 2026. As of July 4, 2026, 256,275 shares remained available for repurchase under the program authorized in April 2025. This represents approximately 4% of the company's total outstanding share count of about 6.0 million shares.
What was the average price paid per share and total dollar value of Q2 2026 buybacks?: The filing does not disclose the average price paid per share or the total dollar value of the Q2 2026 repurchases. These details were not included in the earnings release or 8-K filing.
When was the current share repurchase program authorized?: The current program was authorized in April 2025, according to the filing. The original authorization amount is not disclosed in this earnings release.
How do buybacks affect share count and earnings per share?: Buybacks reduce the number of outstanding shares, which can increase earnings per share on a mechanical basis even if net income remains flat. Eastern's Q2 diluted EPS was $0.94 from continuing operations; fewer shares outstanding would amplify future per-share earnings if profitability improves.
Is Eastern buying back shares while taking on debt for acquisitions?: Yes. Eastern borrowed $8.8 million in Q2 2026 to complete acquisitions of Sungear and Crown Precision while simultaneously repurchasing shares. This dual capital allocation reflects management's confidence in both organic growth through M&A and shareholder returns, though it increases financial leverage.
What execution mechanism does Eastern use for its buyback program?: The filing does not specify whether Eastern uses Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. Typical industrial manufacturers use Rule 10b-18, but this filing does not confirm Eastern's specific approach.

execution industrial-manufacturing mid-cap Q2-2026 acquisition-period ongoing-program

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.