TriMas Corp. (TRS) Tops Q1 EPS by 2c
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TriMas Reports First Quarter 2017 Results; Diluted EPS, Excluding Special Items, Increased by 11% to $0.30
April 27, 2017 8:01 AM EDTBLOOMFIELD HILLS, Mich., April 27, 2017 (GLOBE NEWSWIRE) -- TriMas (NASDAQ: TRS) today announced financial results for the quarter ended March 31, 2017.
TriMas reported first quarter net sales of $199.8 million, a decrease of 1.5% compared to $202.9 million in first quarter 2016. Organic growth in the Aerospace and Packaging segments was more than offset by lower sales related to continued softness in the oil and gas, and general industrial end markets, de-emphasis of less profitable regions in the Energy segment and currency exchange. The Company reported operating profit of $15.7 million in first quarter 2017 compared to $16.5 million in... More
