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Eastern Company Backlog Jumps 45% Despite Q2 Sales and Profit Slump

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The Story

News Summary

  • The Eastern Company reported a 12% year-over-year revenue decline to $61.8 million and lower adjusted earnings of $0.15 per share for Q2.
  • However, order backlog surged 45% to $126.2 million following strategic aerospace acquisitions, with management expecting stronger performance in the second half of the year.
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7585.73 +11.35% over the displayed period

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