TriMas (TRS) Outperforms: Q1 Earnings and Revenues Surpass Estimates, Show Yearly Growth

• TriMas Corporation reports Q1 2024 adjusted earnings per share (EPS) of 37 cents, surpassing the Zacks Consensus Estimate of 28 cents.
• Revenues increased 5.4% year over year to $227 million, beating the Zacks Consensus Estimate of $217 million.
• TriMas expects adjusted EPS to be in the range of $1.95 to $2.15 in 2024.

TriMas Corporation outperforms estimates in Q1 2024, with a 5.7% increase in adjusted earnings and a 5.4% increase in revenues. The company anticipates continued strong demand in the aerospace and defense markets throughout the year.

TriMas Corporation Surpasses Q1 2024 Estimates

TriMas Corporation reported first-quarter 2024 adjusted earnings per share (EPS) of 37 cents, surpassing the Zacks Consensus Estimate of 28 cents. This reflects improved results in the Aerospace and Packaging segments, gains from recent acquisitions, and operational improvements, which offset the impacts of higher interest and tax expenses.

Revenue and Financial Performance

Revenues increased 5.4% year over year to $227 million, beating the Zacks Consensus Est... Read the full article for FREE at COINOTAG!