TriMas Q2 sales up 8.5% to $237.7M; adj. EPS $0.60 vs $0.62 prior year

TRIMAS CORP

2022-Q2 EPS reported $0.80 revenue$461,990,000

Net sales $237.7M (+8.5% YoY); operating profit $29.9M (+16.8%).
Reported diluted EPS $0.47; adjusted diluted EPS $0.60 (vs $0.62 in Q2 2021).
Specialty Products segment sales up 20.5%; Packaging +6.2%; Aerospace +6.4%.
Repurchased 645,984 shares in Q2 ($18.8M); H1 total 927,987 shares, ~1.8% net reduction.
Reaffirmed FY2022 adj. EPS guidance $2.25-$2.35; sales growth 8-11%; free cash flow >100% net income.

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