TriMas Corp. (TRS) Tops Q4 EPS by 23c, Revenues Beat; Offers 1Q EPS Outlook

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TriMas Reports Fourth Quarter and Full Year 2020 Results

February 25, 2021 8:00 AM EST

TriMas' Packaging Group Achieves Record Fourth Quarter and Full Year Sales

Company Provides First Quarter 2021 Outlook

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2020.

TriMas Highlights

Increased fourth quarter and full year 2020 sales by 10.1% and 6.4%, respectively, driven by record sales in TriMas' Packaging group Increased fourth quarter diluted EPS from continuing operations 80.0% to $0.54, while adjusted diluted EPS from continuing operations(1) increased... More