TriMas Reiterates FY23 Adjusted Diluted EPS Guidance Of $1.80-$1.95 Vs. $1.90 Estimate; Expects Longer And More Gradual Recovery Within TriMas Packaging Group
Portfolio Pulse from Benzinga Newsdesk
TriMas Corporation has reiterated its FY23 adjusted diluted EPS guidance of $1.80-$1.95, which is in line with the $1.90 estimate. The company expects a longer and more gradual recovery within its TriMas Packaging Group.
October 26, 2023 | 12:15 pm
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TriMas Corporation has reiterated its FY23 adjusted diluted EPS guidance, which aligns with the market estimate. However, a slower recovery is expected within its TriMas Packaging Group.
The reiteration of the FY23 EPS guidance by TriMas Corporation, which is in line with market estimates, indicates stability in the company's financial outlook. However, the expected slower recovery in the TriMas Packaging Group could potentially impact the company's overall performance, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100