Eastern Company reports record Q2 net sales of $69.5M; EPS $0.59, up 34% YoY

EASTERN CO

2022-Q2 EPS reported $1.02 revenue$138,554,702

Net sales from continuing ops rose 14% to $69.5M (Q2 2022 vs Q2 2021); diluted EPS $0.59 vs $0.44.
Backlog at quarter end $82.8M; current ratio improved to 3.0x; repurchased 29,762 shares.
First-half 2022 net income from continuing ops $6.4M (prior $8.4M); adjusted net income $6.6M vs $7.1M.
Growth driven by transport packaging (Big 3 Precision) and new OEM vehicle launches; pricing actions offsetting raw material inflation.

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