Eastern's Q3 Earnings Surge 36% Y/Y on Packaging Demand

For the third quarter of 2024, The Eastern Company (EML) reported earnings per share from continuing operations of 75 cents, a notable 36% increase from 55 cents in the year-ago quarter. Net sales witnessed a strong 15% year-over-year rise in net sales, reaching $71.3 million from $62 million in the prior-year period. Eastern's third-quarter 2024 results reflect an improved operational landscape, marked by increases in sales, gross margin, and operating profit. The company's growth was largely driven by hei ...