TriMas Reports Strong First-Quarter Results Amid Aerospace Divestiture
TriMas reported first-quarter results that exceeded expectations, with adjusted net sales of $168 million and adjusted EPS of $0.24. The company completed the sale of its TriMas Aerospace division for about $1.4 billion gross ($1.2 billion net after tax), which has been used to repay debt, fund buybacks, and leave a significant cash balance.
Topics: buybacks cash_position divestiture earnings guidance