secwatch.observer — SEC 8-K summary
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Issuer:     TRIMAS CORP (TRS)
CIK:        0000842633
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000842633-24-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842633/000084263324000052/0000842633-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842633/000084263324000052/trs-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000842633-24-000052

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