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Trimas (TRS)
NASDAQ:TRS
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.46Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a positive strategic inflection: strong top-line growth, margin expansion, substantial cash generation, meaningful operational improvements and a transformative pending $1.45 billion Aerospace divestiture that provides significant capital flexibility. Management outlined concrete cost-savings, commercial and operational initiatives and repurchased shares while maintaining disciplined priorities for capital deployment. Near-term headwinds include a weaker Q4 packaging mix, a modest EPS drag in Q4 from incentive timing and FX, a temporary increase in leverage to fund buybacks, and expected low margins in Q1 2026 as cost actions ramp. Overall, the company projects multi-quarter margin improvement and growth for the remaining businesses, and highlights outweigh the short-term execution and comparability challenges.Company Guidance
Pending Divestiture of TriMas Aerospace and Proceeds
TriMas announced a pending sale of its Aerospace business for approximately $1.45 billion in cash, expected to generate about $1.2 billion in net after-tax proceeds upon close (mid- to late-March). Management plans to use proceeds to pay down revolver borrowings, hold ~ $1.1 billion in interest-bearing accounts short-term, and redeploy capital to buybacks, M&A and reinvestment.
Strong Full-Year Revenue Growth
Total company net sales for FY2025 were just over $1.0 billion, up 12.7% year-over-year. Fourth quarter net sales were $256 million, up 12.5% versus prior year, with organic segment increases of just over 9% in Q4.
Meaningful EPS and Profitability Improvement
Adjusted EPS for FY2025 was $2.09, up $0.44 (27%) year-over-year and toward the upper end of guidance ($2.02–$2.12). Adjusted segment operating profit for the year grew more than 30% to $149 million, a 200 basis point increase year-over-year.
Significant Cash Generation and Share Repurchases
Free cash flow was $43 million in Q4 and $87 million for FY2025—both more than double prior-year amounts. The company repurchased over 3 million shares for approximately $100 million in 2025 and increased its remaining buyback authorization back to $150 million.
Aerospace Business Delivered Exceptional Performance
Aerospace (now discontinued) grew Q4 sales 29% year-over-year and full-year sales nearly 35%, with operating profit up more than 50% in Q4 and a ~600 basis point improvement in full-year operating margin—key driver of valuation in the pending sale.
Operational Transformation Initiatives Underway
Leadership executed a management refresh, completed ~100 customer interviews across 10 countries (voice of the customer), launched a global operational excellence program (Lean Six Sigma), restructured the 2026 incentive program, and implemented a company realignment to simplify structure and improve execution.
Cost Reduction Targets and Margin Improvement Plans
Completed and planned cost actions are expected to generate over $10 million of cost reductions in 2026 and more than $15 million on an annualized basis. Company expects 3+ percentage point adjusted operating margin improvement for continuing operations in 2026.
Packaging Segment Stabilized with Positive Outlook
Packaging delivered full-year organic growth of 4% with operating profit of $71 million and a 13.3% margin. Guidance for 2026 calls for 3%–6% sales growth and margin expansion to 14%–15%.
Specialty Products (Norris Cylinder) Showing Recovery
Norris Cylinder grew Q4 sales nearly 14% YoY and FY sales 9.5%, with operating profit nearly doubling and FY margin improving to 4.9%. Outlook for 2026 is 3%–6% sales growth and margins of 8%–10%.
Improved Working Capital and Liquidity Positioning
Net debt increased modestly by $64 million to $439 million in 2025 while net leverage remained at 2.6x year-end; management plans to pay down revolver borrowings from Aerospace proceeds and expects short-term cash interest income potential (~$30 million over three quarters) on redeployed proceeds.
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 |
|---|---|---|---|
Oct 28, 2025 | $39.02 | $37.84 | -3.02% |
Jul 29, 2025 | $31.41 | $34.79 | +10.77% |
Apr 29, 2025 | $20.91 | $23.49 | +12.34% |
Feb 27, 2025 | $21.74 | $20.39 | -6.22% |
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 (TRS) report earnings?
Trimas (TRS) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Trimas (TRS) earnings time?
Trimas (TRS) earnings time is at Apr 23, 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 (Q1) is 0.39.