Trimas Corp (TRS)
NASDAQ:TRS
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.61Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive outlook driven by a transformative aerospace divestiture, a strengthened balance sheet (net cash $913M), double-digit sales growth in Q1 (>10%), margin expansion (120 bps), significant EPS upside with 2026 guidance of $1.50–$1.70 (≈191% improvement at midpoint), and concrete cost-savings actions expected to deliver $10M in 2026 and >$15M annually. Near-term headwinds include a one-time low-margin tooling sale that pressured Packaging mix, potential timing lag in commodity pass-through (possible Q2 margin pressure), seasonal Q1 cash usage (-$16M FCF), upcoming tax payments (~$200M), and monitored geopolitical/supply chain risks. Overall, the positive financial progress and strategic capital position meaningfully outweigh the manageable near-term challenges.Company Guidance
Successful Aerospace Divestiture and Balance Sheet Strengthening
Closed divestiture of TriMas Aerospace on March 16; generated approximately $1.4 billion of gross proceeds (more than $1.2 billion net after-tax proceeds as noted) and transformed the balance sheet. Ended Q1 with a net cash position of $913 million and invested proceeds earning ~3.5%.
Top-Line Growth
Q1 net sales increased more than 10% year over year to $168 million, driven by 7.3% organic growth and a ~4% favorable currency impact, partially offset by a modest impact from the aero engine divestiture.
Profitability and EPS Expansion
Operating margins expanded by 120 basis points year over year. Income from continuing operations rose 51% to $9.0 million (from $5.9 million prior year). Adjusted EPS increased 60% to $0.24 from $0.15.
Strong Packaging Segment Performance
Packaging net sales increased 9.1% year over year to $139.2 million, with solid demand in beauty/personal care and life sciences. Packaging operating profit was $17.7 million and margins improved sequentially versus 2025.
Specialty Products Momentum (Norris Cylinder)
Specialty Products net sales rose 17% to $29.1 million. Norris Cylinder sales grew ~24% year over year. Operating profit improved to $2.9 million from $0.1 million and segment margin expanded ~940 basis points to 9.8%.
Capital Return and Share Repurchases
Repurchased nearly 1.5 million shares in Q1 and ~4.5 million shares total since announcing the aerospace divestiture; shares outstanding at quarter end were ~36.3 million, reflecting active capital return alongside balance sheet strengthening.
Reaffirmed 2026 Outlook with Significant EPS Upside
Reaffirmed full-year 2026 sales growth guidance of 3%–6% and operating margin expansion into 14%–15% (more than 300 bps improvement vs 2025). Provided adjusted diluted EPS guidance of $1.50–$1.70 for 2026 (approximately 191% increase at midpoint vs $0.55 in 2025).
Concrete Cost-Savings Initiatives
Operational improvements and cost actions expected to deliver ~ $10 million of savings in 2026 and > $15 million annually thereafter. Announced consolidation of Atkins, AR facility to generate ~ $0.5 million in 2026 and ~$1 million annualized savings.
TRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $36.08 | $37.02 | +2.61% |
Feb 26, 2026 | $36.81 | $37.96 | +3.12% |
Oct 28, 2025 | $38.98 | $37.80 | -3.02% |
Jul 29, 2025 | $31.37 | $34.75 | +10.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trimas Corp (TRS) report earnings?
Trimas Corp (TRS) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Trimas Corp (TRS) earnings time?
Trimas Corp (TRS) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRS EPS forecast?
TRS EPS forecast for the fiscal quarter 2026 (Q2) is 0.49.