TriMas Shares Rise 10% Despite Q3 Earnings Missing Estimates [Yahoo! Finance]
TriMas Corporation (TRS)
Last trimas corporation earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
ir.trimascorp.com
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Source: Yahoo! Finance
TriMas reported third-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 57 cents. The bottom line declined 31.7% from the prior-year quarter due to weak demand in the Specialty Products segment and delayed shipments due to a 10-week work stoppage at an aerospace location. Despite weaker-than-expected earnings, TRS shares were buoyed by some positive developments. While sales declined in the Specialty Products segment, it achieved a sequential 660 basis point margin improvement attributed to the cost reduction actions implemented in the second quarter of 2024. TriMas noted increased quoting and bookings for the segment, indicating a recovery in its top line in 2025, which, combined with the cost containment, will likely result in improved margins for the segment next year. Also, in the packaging segment, the food and beverage end markets posted positive year-over-year growth for the firs
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News
- Aerospace Fastener Market Thrives with Increasing Aircraft Production and Air Travel, Projected to Reach USD 16,493.4 Million by 2034 | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- TriMas Enhances Operational Efficiency With Facility Launch in China [Yahoo! Finance]Yahoo! Finance
- TriMas Packaging Unveils New State-of-the-Art Facility in Haining, ChinaBusiness Wire
- TriMas Announces Winner of Its Annual Kaizen Challenge [Yahoo! Finance]Yahoo! Finance
- TriMas Announces Winner of Its Annual Kaizen ChallengeBusiness Wire
TRS
Earnings
- 11/4/24 - Miss
TRS
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/18/24 - Form 4
- TRS's page on the SEC website