TriMas Reports Third Quarter 2018 Results

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Go back to TriMas Reports Third Quarter 2018 Results

TriMas Corp. (TRS) Tops Q3 EPS by 2c, Revenues Beat; Lifts FY18 EPS Outlook

October 30, 2018 8:09 AM EDT

TriMas Corp. (NASDAQ: TRS) reported Q3 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $223.8 million versus the consensus estimate of $218.65 million.

Increased net sales by 6.9% to $223.8 millionIncreased operating profit to $29.9 million, while adjusted operating profit(1) increased by 4.2% to $30.2 millionIncreased diluted EPS to $0.49, while adjusted diluted EPS(1) increased by 23.1% to $0.48Raised full year 2018 EPS guidance to $1.72 to $1.78, with the new midpoint representing an increase of approximately 25% over 2017

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