TriMas Reports Third Quarter 2019 Results
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TriMas Corp. (TRS) Misses Q3 EPS by 6c, Revenues Miss; Lowers FY19 EPS Guidance Below Consensus
November 4, 2019 8:06 AM ESTTriMas Corp. (NASDAQ: TRS) reported Q3 EPS of $0.44, $0.06 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $236.8 million versus the consensus estimate of $242.08 million.
TriMas Highlights
Increased third quarter net sales by 5.8% to $236.8 million, with sales increases in all segmentsDelivered third quarter diluted EPS of $0.42, while adjusted diluted EPS(1) was $0.44Announced today that the Company entered into an agreement to sell its Lamons business to First Reserve for approximately $135 millionAcquired nearly 1.6% of TriMas' total shares outstanding in the nine months ended September 30, 2019Increased the... More