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Investing.com -- TriMas Corporation (NASDAQ:TRS) reported second-quarter earnings that significantly exceeded analyst expectations, driving shares up 11.7% in premarket trade as the company raised its full-year outlook on strong performance in its Aerospace and Packaging (NYSE:PKG) segments.
The manufacturer posted adjusted earnings of $0.61 per share for the quarter ended June 30, 2025, handily beating the analyst consensus of $0.47. Revenue jumped 14.2% YoY to $274.8 million, surpassing estimates of $248.8 million.
The strong quarterly performance was primarily fueled by the company’s Aerospace segment, which saw sales surge 32.5% compared to the same period last year, while the Packaging segment delivered 8.4% growth. These gains more than offset a 6.8% decline in the Specialty Products segment, which was impacted by the divestiture of Arrow Engine in January.
"Our team delivered another strong quarter, driven by solid top-line growth with improving margins in both our Aerospace and Packaging segments," said Thomas Snyder, newly appointed President and Chief Executive Officer of TriMas.
Following the robust results, TriMas raised its full-year 2025 guidance, now expecting adjusted earnings per share between $1.95 and $2.10, up from its previous forecast of $1.70 to $1.85 and above the analyst consensus of $1.83. The company also increased its projected annual sales growth to 8-10%, compared to the earlier estimate of 4-6%.
The company’s adjusted operating profit jumped 53.2% to $31.8 million in the quarter, while free cash flow improved to $16.9 million from $11.4 million in the year-ago period.
TriMas ended the quarter with $30.3 million in cash and $249.4 million in available liquidity under its revolving credit facility. During the first half of 2025, the company repurchased 106,220 shares for $2.3 million and continued paying its quarterly dividend of $0.04 per share.
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