Eastern Co Q2 profit surges 178%, but adj. EPS misses estimates
The Eastern Company reported a 178% surge in Q2FY26 net profit to $5.6 million, primarily due to a one-time, non-cash bargain purchase gain from recent acquisitions. Despite this, the underlying operational performance weakened significantly, with adjusted net income falling 74% to $0.9 million ($0.15/share), …