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The Eastern Company — Third Quarter 2026 Earnings Summary

  • Net sales surged 36% year-over-year to $75.0 million in Q3 2026, while operating profit more than tripled to $5.6 million and net income rose to $3.4 million ($0.57 per share) from $0.6 million ($0.10 per share) in the prior-year quarter.
  • Gross margin expanded to 23.9% in Q3, driven by higher shipments in truck mirror assemblies, returnable transport packaging, and latch and handle assemblies, alongside the first full quarter of contribution from the acquired Sungear and Crown Precision businesses.
  • The company repaid $2 million of debt during the quarter, maintaining $61 million in revolver availability, while backlog increased 70% year-over-year to $126.1 million to provide visibility through 2027.
  • Management anticipates a strong Q4 supported by a full automotive launch calendar and robust demand in aerospace and defense, though it plans to navigate rising input and logistics costs through normal commercial processes.
Company
EASTERN CO
Sector
Industrials
Industry
Tools & Accessories