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Trimas Corp (TRS)
NASDAQ:TRS
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.48Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -8.96%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company showed strong growth in its Packaging and Aerospace segments and made strategic acquisitions, it faced significant challenges in its Specialty Products segment and operational constraints. The work stoppage and lower consolidated results also presented challenges.Company Guidance
During the TriMas third quarter 2024 earnings call, the company provided detailed guidance regarding its financial performance and strategic initiatives. TriMas reported a 12.3% and 4.8% core sales growth in its Packaging and Aerospace segments, respectively, which together account for over 85% of the year-to-date sales. TriMas Packaging's adjusted EBITDA rate improved by 100 basis points from Q2 to just over 21%, despite capacity constraints in certain product lines. The Aerospace segment faced a 10-week work stoppage, impacting sales by $7 to $8 million and reducing EPS by approximately $0.04 per share. In Specialty Products, demand was significantly lower compared to last year, but restructuring actions have improved conversion rates. The company maintained its full-year guidance, expecting adjusted EPS between $1.70 and $1.90, while also planning to divest the Aero Engine business and acquire GMT Aerospace. TriMas is focusing on strategic acquisitions to bolster its Aerospace platform and exploring opportunities for its Packaging group.Growth in Key Segments
TriMas Packaging and TriMas Aerospace, which together comprise over 85% of year-to-date sales, delivered core sales growth of 12.3% and 4.8% respectively compared to the prior-year quarter.
Packaging Segment Performance
TriMas Packaging achieved its third consecutive quarter of solid sales growth with a 12% increase compared to the prior year, driven by over 20% growth in beauty, personal care, and home care product lines.
Aerospace Market Recovery
TriMas Aerospace reported continued positive momentum with a 5% increase in sales compared to the prior year, despite a work stoppage.
Strategic Acquisitions and Divestitures
TriMas announced the acquisition of GMT Aerospace and made progress on the divestiture of Aero Engine to focus on high-growth areas.
Shareholder Returns
TriMas returned capital to shareholders through share buybacks of over 0.75 million shares and dividends, totaling just over 2% year-to-date.
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TRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $27.02 | $24.83 | -8.11% |
| Jul 30, 2024 | $27.23 | $25.30 | -7.09% |
| Apr 30, 2024 | $26.62 | $25.86 | -2.85% |
| Feb 29, 2024 | $25.50 | $23.38 | -8.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trimas Corp (TRS) report earnings?
Trimas Corp (TRS) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Trimas Corp (TRS) earnings time?
Trimas Corp (TRS) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRS EPS forecast?
TRS EPS forecast for the fiscal quarter 2024 (Q4) is 0.48.
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