Q3 2024 Financial Performance - Total net sales were $229.4 million, a decrease of $6 million compared to Q3 2023[6] - Sales decline was driven by Specialty Products results, with Q3 2024 sales down ~$23 million, or more than 40%, as compared to Q3 2023[6] - Adjusted earnings per share were $0.43, a decrease of $0.20 compared to Q3 2023[6] - Net income was $17.7 million, a decrease of $8.4 million compared to Q3 2023[6] Segment Performance - TriMas Packaging net sales increased to $130.2 million in Q3 2024 from $116.5 million in Q3 2023, representing a 12.3% organic growth[6, 12] - TriMas Aerospace net sales increased to $70.8 million in Q3 2024 from $67.6 million in Q3 2023, representing a 4.8% increase[6, 16] - Specialty Products net sales decreased to $28.3 million in Q3 2024 from $51.3 million in Q3 2023, representing a decrease of more than 40%[6] - Specialty Products Adjusted EBITDA margins improving by 670 basis points sequentially[4] Balance Sheet and Capital Allocation - Net debt was under $400 million at the end of Q3 2024[10] - Quarterly free cash flow was $15.4 million[9] - The company repurchased 99,130 shares in the quarter, bringing total year-to-date share repurchases to 771,067 shares, for a net reduction of 1.6% shares outstanding through the end of Q3 2024[4] 2024 Outlook - TriMas Packaging anticipates sales growth of 9% to 10% and Adjusted EBITDA Margin % of 21% to 23%[13] - TriMas Aerospace anticipates sales growth of 18% to 22% and Adjusted EBITDA Margin % of 18% to 19%[17] - Specialty Products anticipates sales growth of -30% to -25% and Adj EBITDA Margin % of 10% to 14%[22]

TRIMAS REPORTS THIRD QUARTER 2024 RESULTS Continued Organic Sales Growth in its Two Largest Segments BLOOMFIELD HILLS, Michigan, November 4, 2024 - TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2024. TriMas Third Quarter Highlights • Achieved core sales growth within its Packaging and Aerospace segments of 12.3% and 4.8%, respectively • Continued to experience sales recovery in the beauty & personal care and industrial packaging end markets, which were impa ...

It has been about a month since the last earnings report for TriMas (TRS) . Shares have added about 1.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is TriMas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. TriMas Q2 Earnings Miss Estimates, Revenues Rise Y/Y TriM ...

TriMas Corporation (TRS) reported second-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 53 cents. The bottom line declined 23.2% from the prior-year quarter. Including the impacts of one-time items, the company reported an EPS of 27 cents compared with the year-ago quarter's 26 cents. The company's revenues increased 3.1% year over year to $241 million. Organic sales growth in packaging and aerospace product ...

TriMas Corporation (NASDAQ:TRS) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Sherry Lauderback - Vice President, Investor Relations Thomas Amato - President & Chief Executive Officer Scott Mell - Chief Financial Officer Conference Call Participants Ken Newman - KeyBanc Capital Markets Hamed Khorsand - BWS Financial Operator Greetings, and welcome to the TriMas Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief qu ...

Commission file number 001-10716 38505 Woodward Avenue, Suite 200 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | --- | --- | --- | --- | |-----------------------------|-------|-------------------------------|-------| | | | | | | Large accelerated filer | ☒ | Accelerated filer | ☐ | | Non-accelerated filer | ☐ | Smaller reporting company | ☐ | | | | | ☐ | Forward-Looking Statements 2 Consolidated Statement of Comprehensive Income for the Thr ...

TriMas (TRS) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -18.87%. A quarter ago, it was expected that this maker of packaging materials, aerospace components and other engineered parts would post earnings of $0.28 per share when it actually produced earnings of $0.37, delivering a ...

• Achieved organic sales growth within its Packaging and Aerospace segments of 13.0% and 27.6%, respectively • Increased net sales by 3.1%, as its two largest segments offset decreased demand within Specialty Products • Improved adjusted operating profit margin within its Aerospace segment by 730 basis points year-over-year • Reduced net shares outstanding by approximately 1.3% year-to-date through common stock repurchases "Overall, our sales growth for the second quarter, as well as on a year-to-date basis ...

It has been about a month since the last earnings report for TriMas (TRS) . Shares have added about 2.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is TriMas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. TriMas Q1 Earnings & Revenues Top Estimates, Rise Y/Y T ...

TriMas Corporation (NASDAQ:TRS) Q1 2024 Results Conference Call April 30, 2024 10:00 AM ET Company Participants Sherry Lauderback - Vice President of Investor Relations & Communications Thomas Amato - President & CEO Scott Mell - CFO Conference Call Participants Ken Newman - KeyBanc Capital Markets Hamed Khorsand - BWS Financial Operator Greetings, and welcome to the TriMas First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer sess ...