Overview
TriMas Q3 sales grow 17.4% yr/yr, beating analyst expectations
Adjusted EPS for Q3 rises 41.9% yr/yr, surpassing analyst estimates
Company raises full-year 2025 earnings outlook, citing strong performance
Outlook
TriMas raises 2025 full-year adjusted EPS outlook to $2.02-$2.12
Company expects 2025 sales growth at high end of 8%-10% range
TriMas confident in growth potential of Aerospace and Packaging segments
Result Drivers
AEROSPACE GROWTH - Aerospace sales up 45.8% due to higher industry build rates, new awards, and acquisition of TriMas Aerospace Germany
PACKAGING SALES - Packaging sales increased 4.2% driven by growth in beauty and personal care dispensers and favorable currency exchange
SPECIALTY PRODUCTS - Specialty Products sales rose 7.2% as Norris Cylinder's growth offset the impact of Arrow Engine divestiture
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $269.30 mln | $262.05 mln (2 Analysts) |
Q3 Adjusted EPS | Beat | $0.61 | $0.56 (2 Analysts) |
Q3 EPS | $0.23 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy"
Wall Street's median 12-month price target for TriMas Corp is $45.00, about 13.2% above its October 27 closing price of $39.07
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nBw2F400Wa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)