Eastern Q3 2026 net sales up 36% to $75.0M; net income $3.4M ($0.57/sh) vs $0.6M ($0.10)

EASTERN CO

Net sales $75.0M vs $55.3M YoY; truck mirror assemblies +$7.4M, returnable transport packaging +$5.7M, latch/handle +$1.1M, Sungear/Crown Precision +$5.4M.
Gross margin 23.9% vs 22.3%; operating profit $5.6M (7.4% of sales) vs 3.1%; adjusted EBITDA from continuing operations more than doubled to $7.6M.
Net income from continuing operations $3.4M, or $0.57/diluted share, vs $0.6M, or $0.10; adjusted EPS $0.60 vs $0.13.
Backlog rose 70% YoY to $126.1M; repaid $2M of debt in the quarter, leaving $61M of revolver availability at quarter end.
First nine months: net sales $196.5M (+3%); net income $9.7M ($1.61/sh), including a $6.5M non-cash bargain purchase gain on Sungear/Crown Precision.

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