TriMas Q4 Adj. Profit Declines

February 29, 2024 — 08:18 am EST

Written by RTTNews.com for RTTNews

(RTTNews) - TriMas (TRS) reported fourth quarter net income of $7.9 million, or $0.19 per share, compared to $18.8 million, or $0.45 per share, in fourth quarter 2022. Adjusted net income was $12.3 million compared to $22.9 million in the prior year period. Adjusted earnings per share was $0.37 compared to $0.62. The company said the year-over-year decline was primarily related to the fourth quarter 2022 property divestiture gain that did not repeat in fourth quarter 2023. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.53, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter net sales were $209.6 million, an increase of 3.1% compared to $203.3 million in fourth quarter 2022. Analysts on average had estimated $246.44 million in revenue.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

TriMas Q4 Adj. Profit Declines

Tags

Latest Articles