TriMas Corp. (TRS) Misses Q4 EPS by 4c, Offers Guidance

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Go back to TriMas Corp. (TRS) Misses Q4 EPS by 4c, Offers Guidance

TriMas Reports Fourth Quarter and Full Year 2022 Results

February 23, 2023 8:00 AM EST

Company Provides 2023 Outlook

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2022.

TriMas Highlights

Increased net sales for the year by 3.1%, with continued strong order backlog within TriMas' Aerospace and Specialty Products groups Achieved 2022 operating profit of $99.1 million, a 4.2% increase compared to 2021 Expanded TriMas Packaging group's product offering for the life sciences end market with the foundational acquisitions of Intertech and Omega... More