TriMas Corp. (TRS) Tops Q1 EPS by 3c

TriMas Corp. (NASDAQ: TRS) reported Q1 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue for the quarter came in at $217.1 million versus the consensus estimate of $209.33 million.

GUIDANCE:

TriMas Corp. sees FY2018 EPS of $1.60-$1.75, versus the consensus of $1.67.

Outlook

The Company reaffirms its full year 2018 outlook provided on February 27, 2018. The Company estimates that 2018 organic sales will increase ~3% compared to 2017. The Company expects full year 2018 diluted earnings per share to be between $1.60 to $1.75, and 2018 Free Cash Flow(2) to be greater than 120% of net income, adjusting for any current or future amounts that may be considered Special Items.

"In addition to echoing the previous comments on our continued progress at TriMas, I would like to add that we always welcome input from our shareholders,” said Samuel Valenti, Chairman of the TriMas Board of Directors. "Several of our shareholders have provided constructive comments over the past few years, which in turn the Board has taken into consideration as it oversees TriMas. In particular, the Board would like to thank Barington Capital Group, L.P. for their thoughtful discussions with us over the past two years. TriMas looks forward to continuing our dialogue and meetings in the future with Barington, as well as other shareholders."

For earnings history and earnings-related data on TriMas Corp. (TRS) click here.

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