The Eastern Company reported net income of $1.9 million for its first quarter of 2025. On a per-share basis, the company achieved net income of $0.32. Adjusted earnings, accounting for discontinued operations, were $0.31 per share, matching the $0.31 per share reported in Q1 2024.
The company posted revenue of $63.3 million for the period. This revenue figure represents a 6.8% decrease from the first quarter of 2024. The results reflect the company's performance amidst market conditions.
The company continues to focus on strategic priorities for future growth. Management is navigating market challenges while implementing its transformation program. These results provide an update on the company's financial trajectory.
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