TriMas Corp. (TRS) Thursday said its first-quarter profit from continuing operations attributable to the company increased to $12.5 million or $0.36 per share from $11.8 million or $0.31 in the year-ago quarter. Adjusted earnings from continuing operations was $0.39 per share, up 25.8 percent from last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the first quarter. Analysts' estimates typically exclude special items.
First-quarter sales from continuing operations increased 15.1 percent to $297.6 million from $258.6 million last year. Analysts expected revenues of $274.64 million for the quarter.
Looking ahead to the fiscal year 2012, the company expects earnings from continuing operations attributable to TriMas to range between $1.75 and $1.85 per share. Analysts currently expect earnings of $1.82 per share. The company also expects revenue growth in the range of 7 percent to 10 percent from last year.
by RTT Staff Writer
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