TriMas Corp. (TRS) Tops Q1 EPS by 3c

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Go back to TriMas Corp. (TRS) Tops Q1 EPS by 3c

TriMas Reports First Quarter 2023 Results

April 27, 2023 8:00 AM EDT

Company Reaffirms 2023 Outlook

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- TriMas (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2023.

TriMas Highlights

Increased first quarter net sales in TriMas' Specialty Products group by more than 19% with operating margins near 20% Continued strong order backlog within TriMas' Aerospace and Specialty Products groups Increased quoting activity within TriMas Packaging as customers continue to work through prior year inventory levels Closed on the previously announced acquisitions of Aarts... More