TriMas Reports Third Quarter 2022 Results

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Go back to TriMas Reports Third Quarter 2022 Results

TriMas Corp. (TRS) Misses Q3 EPS by 23c

October 27, 2022 8:07 AM EDT

TriMas Corp. (NASDAQ: TRS) reported Q3 EPS of $0.40, $0.23 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $218.5 million versus the consensus estimate of $245.84 million.

GUIDANCE:

TriMas Corp. sees FY2022 EPS of $2.10-$2.18, versus the consensus of $2.25.

The Company is revising its full year 2022 outlook originally provided on March 1, 2022, due to macro-economic challenges that intensified during the third quarter. The Company is now expecting to generate full year 2022 adjusted diluted earnings per share(2) in the range of $2.10 to $2.18, based on consolidated annual sales growth of 3%... More