TriMas Posts $19.4 Million Q3 Profit, Revenue Tops Estimates at $178.7 Million

TriMas Corp. (TRS) on Thursday reported third-quarter profit of $19.4 million, or 53 cents per share, matching Wall Street expectations. Adjusted earnings, excluding one-time gains and costs, were 50 cents per share, in line with the average estimate of three analysts surveyed by Zacks Investment Research. Revenue reached $178.7 million, exceeding forecasts of $175.3 million. The Bloomfield Hills, Michigan-based maker of packaging materials, aerospace components and engineered parts guided full-year earnings to a range of $1.60 to $1.70 per share.