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Stock impact report

TriMas Reports Second Quarter 2019 Results

TriMas Corporation (TRS) 
Last trimas corporation earnings: 4/30 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.trimascorp.com
Company Research Source: Business Wire
Delivered Sales and Earnings Growth; Acquired 1% of Shares Outstanding BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the quarter ended June 30, 2019.TriMas HighlightsIncreased net sales by 6.4% to $239.4 million, with sales increases in all segmentsIncreased net income by 12.3% to $22.0 million, while adjusted net income(1) increased by 3.3% to $22.9 millionIncreased diluted EPS by 14.3% to $0.48, while adjusted diluted EPS (1) increased by 4.2% to $0.50Completed the acquisition of Taplast S.p.A., which is now included in the Packaging segmentAcquired approximately 1% of TriMas' total shares outstandingSecond Quarter 2019TriMas reported second quarter net sales of $239.4 million, an increase of 6.4% compared to $224.9 million in second quarter 2018, as organic and acquisition-related sales growth was partially offset by the impact of unfavorable currency exchange. The Company reported operating profit of $31.1 million in second Show less Read more
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