TriMas Posts Profit In Q4 - Quick Facts

(RTTNews) - TriMas Corp. (TRS), a provider of engineered and applied products, Thursday said fourth-quarter net income attributable to the company was $6.85 million or $0.15 per share compared to a loss of $13.94 million or $0.35 per share last year.

Excluding special items, earnings per share from continuing operations would have been $0.31, while it totaled $0.33 last year. On average, 8 analysts polled by Thomson Reuters expected earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $323.43 million from $301.04 million. Wall Street expected revenues of $321.50 million.

The firm attributed the sales growth to additional sales from bolt-on acquisitions, as well as market share gains, new product introductions and geographic expansion.

The company expects full-year 2014 earnings per share from continuing operations to be between $2.15 and $2.25 per share. Analysts expect earnings of $2.44 per share for the year.

For 2014, the firm is estimating that sales will increase 6 to 8 percent as compared to 2013.