TriMas Reports First Quarter 2021 Results

Go back to TriMas Reports First Quarter 2021 Results

TriMas Corp. (TRS) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS Guidance Above Consensus, Provides 2Q Revenue Outlook

April 29, 2021 8:12 AM EDT

TriMas Corp. (NASDAQ: TRS) reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $206.7 million versus the consensus estimate of $195.56 million.

TriMas Highlights

Increased first quarter net sales by 13.1%, driven by record first quarter sales in TriMas' Packaging segmentIncreased operating profit due to continued momentum in TriMas' Packaging segment and margin expansion in the Specialty Products segmentCompleted the successful refinancing of its capital structure, extending maturities on both its credit facility and senior notes, and locking in a historically low rate on its... More