TriMas Earnings: Here’s Why Shares are Up Now

TriMas Corporation (NASDAQ:TRS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.60%.

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TriMas Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.82% to $0.44 in the quarter versus EPS of $0.39 in the year-earlier quarter.

Revenue: Rose 13.52% to $337.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TriMas Corporation reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $324.22 million.

Quoting Management: “Our first quarter results are as expected with 13.5% sales growth and a 27.7% increase in net income attributable to TriMas Corporation(1) compared to first quarter 2012,” said David Wathen, TriMas President and Chief Executive Officer. “In addition, we delivered a record first quarter $0.44 in diluted earnings per share(1), while absorbing costs related to several acquisitions and approximately 14% higher weighted average shares outstanding for first quarter 2013, as compared to first quarter 2012. We continued to invest in future growth and productivity programs, and we successfully lowered our interest and tax expenses.”

Key Stats (on next page)…

Revenue increased 12.21% from $301.04 million in the previous quarter. EPS increased 33.33% from $0.33 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.65 to a profit $0.67. For the current year, the average estimate has moved up from a profit of $2.18 to a profit of $2.2 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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