NASDAQ$TRS
TriMas Corporation · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
TriMas reported an increase in net sales and achieved the high end of EPS guidance range for 2019.
TriMas reported Q4 net sales of $170.9 million, a 0.5% increase compared to Q4 2018. The company's diluted EPS was $0.30, while adjusted diluted EPS was $0.31. The company achieved the high end of its full year EPS guidance range. TriMas successfully sold its Lamons business and signed agreements to acquire RSA Engineered Products and Rapak.
- Increased 2019 net sales from continuing operations by 2.6% to $723.5 million, driven by acquisitions in TriMas' Packaging group and solid growth in the TriMas Aerospace group.
- Delivered fourth quarter diluted EPS from continuing operations of $0.30, while adjusted diluted EPS from continuing operations was $0.31, achieving high end of the previously provided full year 2019 EPS range of $1.40 to $1.45.
- Repurchased more than 1.2 million shares, or approximately 2.7% of its outstanding common stock, during 2019, while increasing the Company's share repurchase authorization to $150 million.
- Signed agreements to acquire RSA Engineered Products and Rapak.
Headline financials
Revenue & EPS history
TriMas · Revenue · Quarterly
$171M
Revenue by segment
TriMas · $171M total across 3 segments · Q4 2019
- Packaging$94M—55.0%
- Aerospace (Discontinued)$41.1M—24.1%
- Specialty Products$35.8M—20.9%
Forward guidance
The Company is estimating that 2020 sales growth will be 9% to 11% compared to 2019, with organic sales growth of approximately 1.5% to 2.5%, assuming constant currency. The Company expects full year 2020 adjusted diluted earnings per share to be between $1.50 to $1.60 per share. In addition, the Company is targeting 2020 Free Cash Flow to be greater than 100% of net income.
Tailwinds
- Sales growth of 9% to 11% compared to 2019
- Organic sales growth of approximately 1.5% to 2.5%, assuming constant currency
- Free cash flow conversion greater than 100% of net income
- Full year 2020 diluted EPS to range between $1.50 to $1.60 per share
- Increase at the midpoint of approximately 7% compared to 2019
Headwinds
- end market and geopolitical uncertainties
- 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.
- general economic and currency conditions
- material and energy costs
- risks and uncertainties associated with intangible assets
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 Q4 2019
-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% | — | — |
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