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

The 10-second takeaway
For the quarter ended June 30 (Q2), 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 grew significantly.

Gross margins dropped, operating margins dropped, net margins expanded.

Revenue details
TriMas notched revenue of $378.0 million. The six analysts polled by S&P Capital IQ expected net sales of $361.7 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $338.4 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 $0.69. The six earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. Non-GAAP EPS of $0.69 for Q2 were 13% higher than the prior-year quarter's $0.61 per share. GAAP EPS of $0.67 for Q2 were 52% higher than the prior-year quarter's $0.44 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 27.3%, 180 basis points worse than the prior-year quarter. Operating margin was 11.0%, 250 basis points worse than the prior-year quarter. Net margin was 7.1%, 220 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $356.9 million. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $1.38 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 $35.67.

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