TriMas Reports Second Quarter 2019 Results
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TriMas Corp. (TRS) Reports In-Line Q2 EPS; Raises FY19 EPS Guidance Above Consensus
July 30, 2019 8:02 AM EDTTriMas Corp. (NASDAQ: TRS) reported Q2 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $239.4 million versus the consensus estimate of $240.44 million.
Increased net sales by 6.4% to $239.4 million, with sales increases in all segmentsIncreased net income by 12.3% to $22.0 million, while adjusted net income(1) increased by 3.3% to $22.9 millionIncreased diluted EPS by 14.3% to $0.48, while adjusted diluted EPS (1) increased by 4.2% to $0.50Completed the acquisition of Taplast S.p.A., which is now included in the Packaging segmentAcquired approximately 1% of TriMas' total shares... More