TriMas Corp. (TRS) Tops Q4 EPS by 3c, Offers Guidance

TriMas Corp. (NASDAQ: TRS) reported Q4 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $209 million versus the consensus estimate of $209.49 million.

GUIDANCE:

TriMas Corp. sees FY2022 EPS of $2.25-$2.35, versus the consensus of $2.53.

• Outlook
• "In 2022, our objective remains to execute against our long-term strategy, driving organic growth through product and process innovation, as well as through acquisitions, all while maintaining a strong balance sheet. We remain excited about our prospects for the future and believe our strategy to leverage the performance of our businesses under our TriMas Business Model and deploy our strong cash flow to augment TriMas' core growth with bolt-on acquisitions, will continue to drive long-term value for our shareholders," commented Amato.
• The Company expects TriMas' 2022 consolidated sales to increase 8% to 11% compared to 2021. The Company expects full year 2022 adjusted diluted earnings per share(1) to be between $2.25 to $2.35 per share. In addition, the Company is targeting 2022 Free Cash Flow(3) to be greater than 100% of net income.
• "We expect full year sales and earnings per share growth in 2022, more than offsetting the impact of the aerospace special customers' stocking orders in 2021 and a higher tax rate in 2022." Amato concluded.

For earnings history and earnings-related data on TriMas Corp. (TRS) click here.

You May Also Be Interested In

• Birkenstock Holding (BIRK) Misses Q3 EPS by 2c; lifts guidance
• YETI Holdings, Inc. (YETI) Tops Q2 EPS by 12c
• Nauticus Robotics (KITT) Reports Q2 Loss of $2.30