earnings
confidence high
sentiment negative
materiality 0.65
Eastern Company Q1 record sales $69M but EPS falls 52% on margin compression
EASTERN CO
2022-Q1 EPS reported
$0.43
revenue$69,014,648
- Net sales from continuing ops record $69.0M, +12% YoY; backlog $85.8M, +23% YoY.
- Gross margin 21% vs 25% a year ago; raw material costs rose; price increases start May/June.
- Diluted EPS from continuing ops $0.43 vs $0.90; adjusted EPS $0.46 vs $0.69.
- Margins squeezed despite sales growth; outlook for H2 may improve as price hikes take effect.