TriMas Shares Gain After Raising Outlook; Logging Higher 2Q Profit, Sales

Dow Jones
07/30

By Connor Hart

Shares of TriMas climbed after the company raised its full-year outlook and logged higher earnings and sales in the second quarter.

The stock jumped 12%, to $35.21, in midday trading Tuesday. Shares are up 38% in the past year.

The diversified manufacturer before the bell said it now expects adjusted per-share earnings of $1.95 to $2.10 for the year, up from a prior outlook of $1.70 to $1.85. Sales are now projected to grow 8% to 10% from last year, up from a prior view of 4% to 6%.

Chief Executive Thomas Snyder attributed the raise primarily to sustained momentum in the company's aerospace business, as well as positive trends within its specialty products unit. "We continue to closely monitor the evolving impacts of tariffs and remain focused on driving ongoing performance improvements," he added.

In the second quarter, TriMas posted net income of $16.7 million, or 41 cents a share, up from $10.9 million, or 27 cents a share, a year earlier. On an adjusted basis, quarterly earnings came in at 61 cents a share.

Sales jumped 14% to $274.8 million.

TriMas' packaging unit notched sales of $143 million, up 8.4% from last year, which the company attributed to organic growth in beauty and personal-care products, as well as in industrial end markets.

Aerospace sales jumped 33%, in part thanks to an increase in industry build rates and new awards. The gain offset specialty product sales, which fell 6.8% due to a recent divestiture.

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

July 29, 2025 12:33 ET (16:33 GMT)

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