earnings
confidence high
sentiment negative
materiality 0.85
Eastern Company Q4 sales down 13.7% to $57.5M; FY net income falls 57%
EASTERN CO
2026-FY EPS reported
$1.17
revenue$248,970,345
- Q4 EPS $0.19 ($0.31 adjusted); FY EPS $0.98 ($1.37 adjusted); sales $249M (-9% YoY).
- Cost restructuring generated $4M in annual savings; tariff mitigation offset ~$10M impact.
- New $100M credit facility; debt reduced $8.7M; $3.7M stock repurchases, $2.7M dividends paid.
- Backlog fell 10.5% to $81.1M; heavy-duty truck and auto markets remain weak.
- Management sees early signs of truck market stabilization and new automotive launches.