NASDAQ$TRS
TriMas Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
TriMas achieved net sales growth and improved margins.
TriMas reported a 7.7% increase in net sales, driven by growth in Aerospace and Specialty Products, along with acquisition-related sales, which offset lower demand in Packaging. Diluted EPS increased by 25.0%, and adjusted diluted EPS grew by 42.5%.
- Net sales increased by 7.7% compared to the prior year quarter.
- TriMas Packaging group improved margin levels through cost savings.
- Net sales within TriMas Aerospace and TriMas Specialty Products increased by 48.8% and 18.1%, respectively.
- Diluted EPS increased by 25.0% to $0.40 and adjusted diluted EPS by 42.5% to $0.57, compared to the prior year quarter.
Headline financials
Revenue & EPS history
TriMas · Revenue · Quarterly
$235M
Revenue by segment
TriMas · $215M total across 3 segments · Q1 2023
- Packaging$116M-16.1%53.9%
- Aerospace (Discontinued)$50M+12.3%23.2%
- Specialty Products$49.3M+19.2%22.9%
Forward guidance
The company expects to be within the full year 2023 adjusted diluted EPS guidance range of $1.80 to $1.95.
Tailwinds
- Increase capacity within TriMas Aerospace group to support market demand.
- Continue investing in innovation.
- Distributing dividends.
- Opportunistically repurchasing shares.
- Actively pursuing acquisitions.
Headwinds
- Expect a longer and more gradual recovery within our TriMas Packaging group, extending into 2024.
- Impact related to input costs associated with the escalating conflict in the Middle East.
- Impact related to end market demand associated with the escalating conflict in the Middle East.
- The inability to predict the amount and timing of the impacts of Special Items makes a detailed reconciliation of these forward-looking non-GAAP financial measures impracticable.
- Market recovery has proven to be longer than we anticipated at the start of the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.2%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-0.3%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+14.8%
Q3 2014
Best reaction
-29.6%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +14.9% | +13.4% | |
| Q4 2025 | +3.1% | +4.0% | -3.2% | |
| Q3 2025 | -2.8% | -9.1% | -13.0% | |
| Q1 2025 | +12.3% | +17.9% | +26.8% | |
| Q4 2024 | -6.2% | +0.1% | +6.7% | |
| Q3 2024 | -3.3% | +1.0% | -1.7% | |
| Q2 2024 | -10.0% | -13.0% | -7.2% | |
| Q1 2024 | -3.6% | -2.0% | -0.2% | |
| Q4 2023 | -8.5% | -6.0% | +4.1% | |
| Q3 2023 | +3.6% | +5.8% | +7.3% | |
| Q2 2023 | -2.0% | -7.3% | -7.9% | |
| Q1 2023 | +0.4% | +1.7% | +1.3% | |
| Q4 2022 | -3.0% | -1.0% | -10.8% | |
| Q3 2022 | -18.1% | -14.0% | -4.9% | |
| Q2 2022 | +4.5% | +2.0% | -0.7% | |
| Q1 2022 | -3.2% | -5.1% | -5.7% | |
| Q4 2021 | -1.6% | -0.8% | -1.3% | |
| Q3 2021 | +0.2% | +2.2% | +5.7% | |
| Q2 2021 | -1.4% | -5.1% | -3.3% | |
| Q1 2021 | +1.2% | +3.5% | +3.1% | |
| Q4 2020 | -6.0% | -10.7% | -13.2% | |
| Q3 2020 | +3.0% | +10.5% | +17.2% | |
| Q2 2020 | -6.0% | -5.1% | +3.5% | |
| Q1 2020 | -10.5% | -11.5% | -8.7% | |
| Q4 2019 | -9.6% | -4.8% | -18.1% | |
| Q3 2019 | -7.4% | -5.2% | -7.4% | |
| Q2 2019 | -1.8% | -1.6% | -3.9% | |
| Q1 2019 | -4.9% | -3.9% | -11.0% | |
| Q4 2018 | +1.7% | +2.2% | -2.9% | |
| Q3 2018 | +7.4% | +7.4% | +4.6% | |
| Q2 2018 | +5.7% | +4.0% | +3.4% | |
| Q1 2018 | -0.4% | -1.1% | +4.7% | |
| Q4 2017 | +3.8% | +2.6% | +5.2% | |
| Q3 2017 | -2.0% | -4.3% | -8.1% | |
| Q2 2017 | +8.1% | +11.3% | +7.9% | |
| Q1 2017 | +5.3% | +5.3% | +0.0% | |
| Q4 2016 | -1.5% | -6.9% | -10.5% | |
| Q3 2016 | +2.2% | -0.6% | +21.2% | |
| Q2 2016 | -10.7% | -12.5% | -5.7% | |
| Q1 2016 | -1.8% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2015 | +4.4% | — | — | |
| Q2 2015 | -29.6% | — | — | |
| Q1 2015 | -10.0% | — | — | |
| Q4 2014 | +2.1% | — | — | |
| Q3 2014 | +14.8% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | +11.0% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | -8.2% | — | — | |
| Q2 2013 | +8.4% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q2 2012 | +13.3% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q1 2012 | +6.6% | — | — | |
| Q4 2011 | +6.0% | — | — | |
| Q4 2009 | +6.0% | — | — | |
| Q3 2010 | +11.1% | — | — | |
| Q3 2011 | +11.1% | — | — | |
| Q4 2010 | +4.0% | — | — | |
| Q2 2010 | +4.0% | — | — | |
| Q2 2011 | +4.0% | — | — | |
| Q1 2010 | -2.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro