The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TriMas beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share improved significantly.
Gross margins expanded, operating margins contracted, and net margins expanded.
TriMas logged revenue of $259.7 million. The four analysts polled by S&P Capital IQ expected to see net sales of $234.2 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $222.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.25. The five earnings estimates compiled by S&P Capital IQ predicted $0.21 per share on the same basis. GAAP EPS of $0.38 for Q4 were 138% higher than the prior-year quarter's $0.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 10 basis points better than the prior-year quarter. Operating margin was 10.1%, 20 basis points worse than the prior-year quarter. Net margin was 5.1%, 250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $285.5 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $1.81.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriMas is outperform, with an average price target of $25.40.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.