TriMas Reports First Quarter 2020 Results
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TriMas Corp. (TRS) Tops Q1 EPS by 4c, Revenues Beat
April 30, 2020 8:10 AM EDTTriMas Corp. (NASDAQ: TRS) reported Q1 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $182.79 million versus the consensus estimate of $174.97 million.
TriMas Highlights
Increased first quarter net sales by 5.4%, driven by acquisitions and solid organic growth in TriMas' Packaging groupDelivered first quarter diluted EPS from continuing operations of $0.30, while adjusted diluted EPS from continuing operations(1) was $0.34Completed the acquisitions of RSA Engineered Products, a manufacturer of complex, highly-engineered products used in aerospace and defense applications, on February 27, 2020, and Rapak, a provider of bag-in-box packaging product... More