Roth Capital Downgrades TriMas Corp. (TRS) to Neutral

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TriMas Corporation Reports Second Quarter 2015 Results

August 4, 2015 8:02 AM EDT

Company Updates 2015 Guidance After Successful Spin-off of Horizon Global

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- TriMas Corporation (NASDAQ: TRS) today announced financial results for the quarter ended June 30, 2015. The Company reported second quarter net sales from continuing operations of $224.9 million, a slight increase as compared to second quarter 2014. The Company reported second quarter 2015 income from continuing operations attributable to TriMas Corporation of $8.5 million, or $0.19 per diluted share, as compared to income of $14.4 million, or $0.32 per diluted share, in the second quarter of 2014. Excluding Special Items(1), second quarter 2015 diluted earnings... More