TRS - Trimas GAAP EPS of $0.45 misses by $0.16 revenue of $203.3M misses by $8.35M
- Trimas press release ( NASDAQ: TRS ): Q4 GAAP EPS of $0.45 misses by $0.16 .
- Revenue of $203.3M (-2.7% Y/Y) misses by $8.35M .
- During 2022, the Company used $64.1 million for acquisitions, repurchased nearly 1.3 million shares of its outstanding common stock for $36.9 million, and reduced its net outstanding shares by approximately 2.6%. TriMas also paid a quarterly cash dividend of $0.04 per share of TriMas Corporation ( TRS ) stock, totaling $6.9 million, in 2022.
- The Company reported net cash provided by operating activities of $25.9 million for fourth quarter 2022, compared to $56.5 million in fourth quarter 2021. On a full year basis, TriMas reported net cash provided by operating activities of $72.6 million, compared to $134.2 million for 2021.
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Outlook
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The Company expects TriMas' 2023 consolidated sales to increase 10% to 15% compared to 2022.
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The Company expects full year 2023 adjusted diluted earnings per share to be between $2.00 to $2.20 per share vs $2.15 Consensus
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For first quarter 2023, adjusted diluted earnings per share is anticipated to be in the range of $0.24 to $0.28. vs $0.45 Consensus.
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Trimas GAAP EPS of $0.45 misses by $0.16, revenue of $203.3M misses by $8.35M