Eastern Company Q3 net sales $71.6M (+12%), EPS $0.72 (+18%)

EASTERN CO

2023-Q3 EPS reported $1.74 revenue$210,191,448

Net sales from continuing ops grew 12% to $71.6M; backlog rose to $85.7M.
Diluted EPS from continuing ops $0.72 vs $0.61; adjusted EBITDA $7.7M vs $7.1M.
Repaid nearly $3M of debt in Q3 and an additional $5M after quarter end.
Divested non-core Argo EMS on Oct 18, completing divestiture of all non-core businesses.
Current ratio improved to 2.9x; 55% of term debt fixed at 3.19% via swap.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EASTERN CO reported the third fiscal quarter ended October 1, 2022 results: revenue $71.6 million, net income $4.5 million, EPS $0.72.

Period: the third fiscal quarter ended October 1, 2022
Revenue: $71.6 million
Net income: $4.5 million
EPS: $0.72
Result: reported results

Exact text from the filing

Net sales from continuing operations grew to a new record of $71.6 million in the third quarter of 2022, an increase of 12% compared to net sales from continuing operations in the third quarter of 2021.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

EASTERN CO filing history →

Source: SEC EDGAR

accession 0001654954-22-014782

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.