TriMas Corp. (TRS) Thursday reported first-quarter profit of $14.04 million, up from $12.25 million in the same period last year.
Net income attributable to TriMas Corp. increased to $13.18 million from $12.49 million last year. On a per-share basis, earnings dropped to $0.33 from $0.36 last year.
Adjusted earnings for the quarter was $0.44 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Sales totaled $337.8 million, up 13.5 percent from $297.57 million last year. Analysts expected revenues of $324.22 million.
Looking ahead, the company has also reaffirmed its full-year earnings outlook range of $2.15 to $2.25 per share.
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