earnings
confidence high
sentiment negative
materiality 0.75
Eastern Q3 sales down 22% to $55.3M; EPS $0.10 vs $0.75; new $100M credit facility
EASTERN CO
2025-Q3 EPS
reported $0.97
vs consensus $0.78
▲ beat
(+24.7%)
- Net sales fell 22% YoY to $55.3M; net income of $0.6M ($0.10 diluted) vs $4.7M ($0.75) in Q3 2024.
- Adjusted EPS from continuing ops was $0.13; adjusted EBITDA of $3.5M vs $8.7M a year ago.
- New $100M revolving credit facility closed post-quarter to support growth initiatives.
- Restructuring charges of $2.2M in Q2/Q3 due to workforce optimization amid heavy-duty truck downturn.
- Year-to-date debt reduction of $7.0M and $3.0M in stock buybacks (118,000 shares).