Eastern Co. reports lower earnings


NAUGATUCK — The Eastern Co., a Naugatuck-based manufacturer of industrial hardware, security products and metal castings, last week reported slightly lower earnings for the third quarter and first nine months of the year.

Net income for the quarter was $2.4 million, or 38 cents per diluted share, down from $2.5 million, or 41 cents per diluted share, a year ago. Sales came in at $33.5 million, down from $36.2 million.

For the first nine months ended Oct. 3, Eastern posted $5.1 million, or 82 cents per diluted share, in net income, up from $4 million, or 64 cents per diluted share, a year earlier. Revenues totaled $103.5 million, down from $110.2 million.