Eastern: Fourth Quarter Financial Results Overview
Eastern Co. Announces Fourth Quarter Financial Results
Eastern Co., headquartered in Shelton, Connecticut, revealed on Tuesday that it achieved a net profit of $1.2 million during the fourth quarter.
The company reported earnings of $0.19 per share, with adjusted earnings—excluding one-time expenses—coming in at $0.31 per share.
During this period, the manufacturer of security solutions such as locks generated $57.5 million in revenue.
Looking at the full year, Eastern Co. recorded a total profit of $7.1 million, or $1.17 per share, with annual revenue reaching $249 million.
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