TriMas Q1 net sales up 5.4% to $227.1M; adjusted EPS up 5.7% to $0.37; reaffirms FY2024 guidance

TRIMAS CORP

2024-Q1 EPS reported $0.12 revenue$227,100,000

Net sales $227.1M (+5.4% YoY); Packaging +9.3%, Aerospace +34.7%, Specialty Products -33.5%.
Diluted EPS $0.12 (flat); adjusted diluted EPS $0.37 (+5.7%); operating profit $12.4M (+24.5%).
Repurchased 540,037 shares for $13.3M; quarterly dividend $0.04 payable May 14, 2024.
Reaffirms FY2024 adjusted EPS guidance $1.95-$2.15; net leverage 2.6x.
Free cash flow use $14.2M vs $3.1M use prior year; net debt $394.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TRIMAS CORP reported first quarter ended March 31, 2024 results: revenue $227.1 million, net income $5.1 million, EPS $0.12 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $227.1 million
Net income: $5.1 million
EPS: $0.12 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2024. TriMas First Quarter Highlights • Achieved quarterly net sales growth of 5.4% to $227.1 million • Increased net sales within TriMas Packaging, its largest segment, by 9.3%, and TriMas Aerospace by 34.7% • Diluted EPS was in line with the prior year quarter, and adjusted

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRIMAS CORP updated its guidance (reaffirmed).

Guidance: reaffirmed
Result: guidance update

Exact text from the filing

TRIMAS REPORTS FIRST QUARTER 2024 RESULTS Reaffirms Full Year 2024 Guidance

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

TRIMAS CORP filing history →

Source: SEC EDGAR

accession 0000842633-24-000052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.