TriMas Corp. (TRS) Tops Q3 EPS by 1c, Updates Guidance

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TriMas Reports Third Quarter 2016 Results

October 27, 2016 8:00 AM EDT

BLOOMFIELD HILLS, Mich., Oct. 27, 2016 (GLOBE NEWSWIRE) -- TriMas (NASDAQ: TRS) today announced financial results for the quarter ended September 30, 2016. The Company reported third quarter net sales from continuing operations of $202.3 million, a decrease of 9.0% compared to third quarter 2015. The Company reported third quarter 2016 income from continuing operations of $8.8 million, or $0.19 per diluted share, as compared to income of $11.7 million, or $0.26 per diluted share, in the third quarter of 2015. Excluding Special Items(1) related to severance and business restructuring, third quarter 2016 diluted earnings per share from continuing operations would have been $0.35, as compared to $0.39 in third quarter... More