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TriMas Corporation TRS reported first-quarter 2025 adjusted earnings per share (EPS) of 46 cents, surpassing the Zacks Consensus Estimate of 43 cents. The bottom line increased 24% from the prior-year quarter.
Including the impacts of one-time items, the company reported an EPS of 30 cents compared with the year-ago quarter's 12 cents.
TriMas Corporation Price, Consensus and EPS Surprise
TriMas Corporation price-consensus-eps-surprise-chart | TriMas Corporation Quote
TriMas Revenues Up 6% Y/Y
TRS' revenues increased 6.4% year over year to $242 million. Growth in its Packaging and Aerospace segments offset the loss of sales related to the divestiture of Arrow Engine and lower market demand for cylinders in its Specialty Products segment. The top line beat the Zacks Consensus Estimate of $233 million.
During the quarter, TriMas completed the acquisition of GMT Aerospace, a manufacturer of tie-rods for aerospace and defense applications.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
TriMas Witnesses Margin Expansion in Q1
Cost of sales increased 6% year over year to $185 million in the reported quarter. Gross profit rose 8% year over year to $57 million. The gross margin was 23.6% compared with 23.2% in the prior-year quarter.
Selling, general and administrative expenses inched up 0.5% year over year to $41 million. The company reported operating profit of $21.8 million compared with $12.4 million in the first quarter of 2024.
Adjusted operating profit increased 50% year over year to $24.4 million. The adjusted operating margin was 10.1% compared with the prior-year quarter’s 7.2%.
TRS’ Segment Performances in Q1
Packaging: Net sales inched up 0.4% year over year to $128 million, in line with our model’s projected net sales. Adjusted operating profit decreased 1.1% year over year to $17.8 million in the reported quarter. The figure beat our estimate of $17.7 million.
Aerospace: Net sales increased 32.5% year over year to $89 million in the first quarter. The figure beat our estimate of $79 million. The segment reported an adjusted operating profit of $15 million compared with the year-ago quarter’s $7 million. We predicted the segment’s adjusted operating profit to be $9 million for the quarter.
Specialty Products: The segment's revenues decreased 24% year over year to $25 million. We predicted net sales to be $26 million for the quarter. The segment reported an adjusted operating profit of $0.09 million compared with the year-ago quarter’s $2.6 million. The figure missed our estimate of $1 million.