Entrepreneurship

TriMas Reports First Quarter 2023 Results

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(TRS)   Report

TriMas (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2023.

TriMas Highlights

Increased first quarter 2023 net sales by 8.5%, with record first quarter sales in TriMas’ Packaging group

Leveraged increased TriMas’ Specialty Products sales to improve its first quarter operating profit by $2.7 million

Reported diluted EPS of $0.33, while adjusted diluted EPS(1) increased to $0.50, in line with Company expectations

Ended first quarter with a strong balance sheet and a net leverage ratio of 2.

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