Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EASTERN CO reported the fourth quarter ended December 31, 2022 results: revenue $69.1 million, net income $0.2 million, EPS $0.03 per diluted share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $69.1 million
- Net income
- $0.2 million
- EPS
- $0.03 per diluted share
- Result
- reported results
Exact text from the filing
compared to 2021 while price increases and new products increased net sales in 2022 by 6%. Net sales from continuing operations in the fourth quarter of 2022 increased 16% to $69.1 million from $59.6 million in the fourth quarter of 2021. Sales volume of existing products increased net sales by 11%, while price increases and new products contributed 5% in sales
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Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EASTERN CO reported the fiscal year ended December 31, 2022 results: revenue $279.3 million, net income $11.1 million, EPS $1.77 per diluted share.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $279.3 million
- Net income
- $11.1 million
- EPS
- $1.77 per diluted share
- Result
- reported results
Exact text from the filing
CONTINUING OPERATIONS INCREASED 13% · Strong demand across core markets, combined with superb execution by our teams, drove growth in net sales from continuing operations to $279.3 million in 2022, an increase of 13% compared to net sales from continuing operations in 2021. · To streamline our portfolio of businesses and build scale in our largest businesses, we
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