TriMas: Q3 Earnings Snapshot

BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — TriMas Corp. (TRS) on Thursday reported net income of $16.5 million in its third quarter.

On a per-share basis, the Bloomfield Hills, Michigan-based company said it had net income of 40 cents. Earnings, adjusted for non-recurring costs, came to 57 cents per share.

The maker of packaging materials, aerospace components and other engineered parts posted revenue of $235.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $247.1 million.

TriMas expects full-year earnings in the range of $1.80 to $1.95 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRS at https://www.zacks.com/ap/TRS

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up