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TriMas Corporation (NASDAQ:TRS) delivered a profit and met 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 2.48%.
TriMas Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 32% to $0.33 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 15.93% to $301 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TriMas Corporation reported adjusted EPS income of $0.33 per share. By that measure, the company met the mean analyst estimate of $0.33. It beat the average revenue estimate of $291.23 million.
Quoting Management: “We are proud of our many accomplishments in 2012,” said David Wathen, TriMas President and Chief Executive Officer. “Our record sales of approximately $1.3 billion, a 17.4% sales growth as compared to 2011, demonstrates we are successfully executing on our growth strategies, including bolt-on acquisitions, product innovation, market share gains and geographic expansion. In the midst of an uncertain global economic environment, we continued to identify the bright spots where we can capture growth for our businesses. We made careful decisions to accelerate growth programs that are working, as we capitalized on opportunities to drive long-term stakeholder value.”
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