The eastern company reports first quarter 2021 results net sales increase 12% to a new record $73.1 million; first quarter 2021 earnings more than doubled to $0.93 per diluted share

The launch of new products at big 3 precision and velvac, as well as strong demand across many of our core markets, drove first quarter 2021 net sales to $73.1 million, a record in eastern's more than 160-year history and an increase of 12% compared with the first quarter of 2020. gross margin expansion of 1.2% in the first quarter of 2021 compared to the first quarter of 2020 reflects higher sales and our success in passing on most raw material cost increases in many of our businesses.
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