Filing Flows › Eastern (EML) › Q1 2026
Eastern (EML) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Eastern (EML) reported revenue of $59.7M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -0.8% from the quarter before. Operating margin was 2.2%, net earnings $640K (1.1% of revenue).
Eastern, Q1 2026: revenue $59.7M (-6% year over year), operating margin 2.2%, net earnings $640K, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.7M | -0.8% | -6% |
| Gross profit | $11.9M | -15% | -16% |
| Operating profit | $1.3M | -49% | -59% |
| Net earnings | $640K | -45% | -67% |
| Operating cash flow | $3.5M | -9% | — |
| Free cash flow | $2.6M | +72% | — |
What changed
Revenue was $59.7M in Q1 2026, down 6% year over year and down 1% from the previous quarter.
Gross margin was 20.0%, down 2.4 points from Q1 2025. Operating profit was $1.3M, a 2.2% margin (down 2.9 points year over year). Operating expenses fell 3% while revenue fell 6%. Net earnings were $640K, down 67% year over year. The effective tax rate was 21.0%.
Operating cash flow was $3.5M, 544% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization. Working capital and other items added $1.2M. Capital expenditures of $867K left free cash flow of $2.6M.
Questions
What was Eastern's revenue in the first quarter 2026?
Eastern (EML) reported revenue of $59.7M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -0.8% from the quarter before.
Was Eastern profitable in the first quarter 2026?
Operating profit was $1.3M (2.2% of revenue) and net earnings $640K.
Source: Eastern 10-Q on SEC EDGAR.