Earnings ·
Eastern Company reports Q3 net income of $3.4M, or $0.57 per diluted share
EMLEastern Co
The Eastern Company reported third-quarter 2026 net sales of $75.0 million, a 36% increase year-over-year, driven by higher shipments of truck mirror assemblies and the first full quarter contribution from Sungear and Crown Precision. Net income from continuing operations rose to $3.4 million, or $0.57 per diluted share, compared to $0.10 in the prior-year period. Operating profit more than tripled to $5.6 million, with operating margin expanding to 7.4% of net sales. The company also reported a 70% year-over-year increase in backlog to $126.1 million and repaid $2 million of debt during the quarter. The Eastern Company is an industrial holding company that designs, manufactures, and sells engineered products for commercial transportation, logistics, aerospace, defense, and other industrial markets.