TriMas Corporation Reports Fourth Quarter and Full Year 2014 Results | Business Wire

Article by · 2015/03/01 ·

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–TriMas Corporation (NASDAQ: TRS) today announced financial results for the year and quarter ended December 31, 2014. TriMas reported record fourth quarter net sales from continuing operations of $350.6 million, an increase of 9.5% compared to fourth quarter 2013. The Company reported fourth quarter 2014 income from continuing operations attributable to TriMas Corporation of $2.7 million, or $0.06 per diluted share, as compared to $6.0 million, or $0.13 per diluted share during fourth quarter 2013. Excluding Special Items(1), fourth quarter 2014 diluted earnings per share (EPS) from continuing operations would have been $0.37, an increase of 27.6% as compared to $0.29 in fourth quarter 2013, while absorbing ($0.01) of net EPS as a result of the Allfast Fastening Systems (Allfast) acquisition and related financing during fourth quarter 2014. The Allfast acquisition and related financing impact was not included in the Company’s 2014 EPS guidance previously provided.(…)

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