2024

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<ul> 
 <li>TriMas Corporation reports Q1 2024 adjusted earnings per share (EPS) of 37 cents, surpassing the Zacks Consensus Estimate of 28 cents.</li> 
 <li>Revenues increased 5.4% year over year to $227 million, beating the Zacks Consensus Estimate of $217 million.</li> 
 <li>TriMas expects adjusted EPS to be in the range of $1.95 to $2.15 in 2024.</li> 
</ul> 
<p><strong>TriMas Corporation outperforms estimates in Q1 2024, with a 5.7% increase in adjusted earnings and a 5.4% increase in revenues. The company anticipates continued strong demand in the aerospace and defense markets throughout the year.</strong></p> 
<h2 id="strong-trimas-corporation-surpasses-q1-2024-estimates-strong"><strong>TriMas Corporation Surpasses Q1 2024 Estimates</strong></h2> 
<p>TriMas Corporation reported first-quarter 2024 adjusted earnings per share (EPS) of 37 cents, surpassing the Zacks Consensus Estimate of 28 cents. This reflects improved results in the Aerospace and Packaging segments, gains from recent acquisitions, and operational improvements, which offset the impacts of higher interest and tax expenses.</p> 
<h3 id="strong-revenue-and-financial-performance-strong"><strong>Revenue and Financial Performance</strong></h3> 
<p>Revenues increased 5.4% year over year to $227 million, beating the Zacks Consensus Estimate of $217 million. The increase was attributed to organic growth in aerospace and defense, some packaging product lines, and contributions from acquisitions. However, weak market demand for products used in certain industrial, and oil and gas applications negated some of these tailwinds. As of Mar 31, 2024, the company had $30.5 million of cash on hand and $257.4 million of available borrowing capacity under its revolving credit facility. TriMas ended the first quarter with a total debt of $424.9 million compared with $395.7 million at the fi... <a href="https://en.coinotag.com/trimas-trs-outperforms-q1-earnings-and-revenues-surpass-estimates-show-yearly-growth/">Read the full article for FREE at COINOTAG!</a></p>

TriMas (TRS) Outperforms: Q1 Earnings and Revenues Surpass Estimates, Show Yearly Growth

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