TriMas (TRS) reported fourth quarter net income of $7.9 million, or $0.19 per share, compared to $18.8 million, or $0.45 per share, in fourth quarter 2022. Adjusted net income was $12.3 million compared to $22.9 million in the prior year period. Adjusted earnings per share was $0.37 compared to $0.62. The company said the year-over-year decline was primarily related to the fourth quarter 2022 property divestiture gain that did not repeat in fourth quarter 2023. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.53, for the quarter. Analysts' estimates typically exclude special items.
Fourth quarter net sales were $209.6 million, an increase of 3.1% compared to $203.3 million in fourth quarter 2022. Analysts on average had estimated $246.44 million in revenue.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.