earnings
confidence high
sentiment positive
materiality 0.80
TriMas Q3 net sales up 11.5% to $222.4M, adj diluted EPS $0.57 (+9.6%); initiates $0.04 dividend
TRIMAS CORP
2021-Q3 EPS reported
$1.03
revenue$648,140,000
- Net sales $222.4M (+11.5% YoY); adj diluted EPS $0.57 vs $0.52; reported EPS $0.45.
- Packaging segment sales up 2.1%; Aerospace up 18.9% (stocking orders); Specialty Products up 50.3%.
- Initiated quarterly dividend of $0.04/share payable Nov 10, 2021 to holders of record Nov 3.
- Repurchased 129,866 shares for $4.0M during Q3; $143.5M remaining under authorization.
- Raised FY2021 free cash flow outlook to >110% of net income; adj EPS guidance narrowed to $2.18-$2.27.