TriMas Reports Fourth Quarter and Full Year 2020 Results
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TriMas Corp. (TRS) Tops Q4 EPS by 23c, Revenues Beat; Offers 1Q EPS Outlook
February 25, 2021 8:04 AM ESTTriMas Corp. (NASDAQ: TRS) reported Q4 EPS of $0.54, $0.23 better than the analyst estimate of $0.31. Revenue for the quarter came in at $188.2 million versus the consensus estimate of $176.97 million.
TriMas Highlights
Increased fourth quarter and full year 2020 sales by 10.1% and 6.4%, respectively, driven by record sales in TriMas' Packaging groupIncreased fourth quarter diluted EPS from continuing operations 80.0% to $0.54, while adjusted diluted EPS from continuing operations(1) increased 22.6% to $0.38 compared to fourth quarter 2019Generated full year 2020 net cash provided by operating activities from continuing operations of $127.4 million, an increase of 33.1% compared to $95.7 million in... More