TriMas (Nasdaq: TRS) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), TriMas beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped.
Margins dropped across the board.
Revenue details
TriMas reported revenue of $335.9 million. The four analysts polled by S&P Capital IQ looked for revenue of $302.4 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $277.7 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 $0.51. The five earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. GAAP EPS of $0.47 for Q3 were 11% lower than the prior-year quarter's $0.53 per share. (The prior-year quarter included $0.04 per share in earnings from discontinued operations.)
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 26.8%, 270 basis points worse than the prior-year quarter. Operating margin was 10.9%, 200 basis points worse than the prior-year quarter. Net margin was 5.6%, 100 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $287.6 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $1.23 billion. The average EPS estimate is $1.83.
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 $30.00.
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