TriMas Reports Fourth Quarter and Full Year 2018 Results
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TriMas Corp. (TRS) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus
February 28, 2019 8:02 AM ESTTriMas Corp. (NASDAQ: TRS) reported Q4 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $211.4 million versus the consensus estimate of $205.72 million.
TriMas reported fourth quarter net sales of $211.4 million, an increase of 8.3% compared to $195.2 million in fourth quarter 2017.The Company reported operating profit of $25.5 million in fourth quarter 2018 compared to $18.6 million in fourth quarter 2017.Adjusting for Special Items(1), fourth quarter 2018 adjusted operating profit was $25.7 million, an increase of 9.4% compared to the prior year period, as the favorable impact of volume increases was partially... More