Naugatuck industrial hardware and metal casting manufacturer Eastern Co. said its third-quarter sales fell nearly 14 percent on what its CEO called continued softness in the economy.
Revenue for the three months ended Sept. 28 was $34.3 million, down from $39.7 million in the same quarter last year.
Profits fell 19 percent to $1.8 million.
CEO Leonard F. Leganza said in a statement that the quarter was also impacted by a slow manufacturing sector resulting from vacations and a strike at one of its truck customers, as well as costs related to the relocation of one of the company’s China facilities.
