Delivers Solid Sales and Earnings Growth; Raises 2018 Sales and EPS Guidance
BLOOMFIELD HILLS, Mich., Oct. 30, 2018 (GLOBE NEWSWIRE) — TriMas (NASDAQ: TRS) today announced financial results for the quarter ended September 30, 2018.
Third Quarter 2018 Highlights
• Increased net sales by 6.9% to $223.8 million
• Increased operating profit to $29.9 million, while adjusted operating profit(1) increased by 4.2% to $30.2 million
• Increased diluted EPS to $0.49, while adjusted diluted EPS(1) increased by 23.1% to $0.48
• Raised full year 2018 EPS guidance to $1.72 to $1.78, with the new midpoint representing an increase of approximately 25% over 2017
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