TriMas Corp. (TRS) announced Monday a rise in fourth-quarter profit to $13.3 million, or $0.38 per share, from last year's $5.7 million, or $0.16 per share. Income from continuing operations was $7.1 million, or $0.20 per share, this year, and $7.6 million, or $0.22 per share, in the prior-year. Adjusted earnings from continuing operations in the recent quarter were $8.7 million, or $0.25 per share.
Four analysts polled by Thomson Reuters estimated earnings of $0.21 per share. Analysts' estimates usually exclude special items.
Net sales for the quarter jumped to $259.7 million from $212.5 million a year ago. The company attributed the growth to market share gains, new product introductions, geographic expansion and contributions from bolt-on additions.
Looking ahead, the company forecast 2012 adjusted earnings from continuing operations in the range of $1.75 to $1.85 per share. Analysts' consensus currently sees 2012 earnings of $1.81 per share.
by RTT Staff Writer
For comments and feedback: email@example.com