TriMas (Nasdaq: TRS) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), TriMas beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share increased. GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
TriMas booked revenue of $337.8 million. The five analysts polled by S&P Capital IQ looked for a top line of $323.9 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $297.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.44. The six earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. Non-GAAP EPS of $0.44 for Q1 were 13% higher than the prior-year quarter's $0.39 per share. GAAP EPS of $0.33 for Q1 were 8.3% lower than the prior-year quarter's $0.36 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 24.7%, 240 basis points worse than the prior-year quarter. Operating margin was 7.0%, 350 basis points worse than the prior-year quarter. Net margin was 3.9%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $361.5 million. On the bottom line, the average EPS estimate is $0.67.

Next year's average estimate for revenue is $1.37 billion. The average EPS estimate is $2.22.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriMas is outperform, with an average price target of $35.20.

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