TriMas 1Q Sales Grow 8.5%

The Michigan-based company says it increased 1Q net sales by 8.5%, with record sales in TriMas' Packaging group.
We’re in the midst of the latest quarterly earnings reporting period for publicly-traded companies for the April-June period. For most companies, that was their fiscal second quarter. Below, find the key sales and profit figures for top distributors and manufacturers in the markets MDM typically covers:

TriMas (NASDAQ: TRS) of Bloomfield Hills, Michigan, reported an 8.5% increase in first-quarter net sales to start 2022.

The year-over-year 1Q increase was driven by record first-quarter sales in TriMas’ Packaging group, the company said.

The company also said it leveraged increased TriMas’ Specialty Products sales to improve its 1Q profit by $2.7 million.

TriMas reported diluted EPS of $0.33, while adjusted diluted EPS increased to $0.50, in line with company expectations.

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