TriMas Reiterated FY24 Adj EPS of $1.95-$2.15 Vs $2.00 Est
Portfolio Pulse from Benzinga Newsdesk
TriMas Corporation reaffirmed its FY24 adjusted EPS outlook of $1.95-$2.15, aligning with the $2.00 estimate. The company anticipates a gradual recovery in consumer goods and industrial markets, robust demand in aerospace and defense, and expects performance in Packaging and Aerospace to offset softer demand in Specialty Products.
April 30, 2024 | 12:07 pm
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TriMas Corporation reaffirms its FY24 EPS guidance, indicating confidence in its aerospace and packaging sectors to counterbalance weaker specialty product demand.
The reaffirmation of the EPS outlook suggests TriMas is on track to meet or exceed its financial targets, which is likely to instill investor confidence and potentially drive up the stock price in the short term. The specific mention of robust demand in aerospace and defense, along with a recovery in consumer goods and industrial markets, highlights areas of strength. However, the mention of softer demand in Specialty Products introduces a note of caution, though this is expected to be offset by stronger performance in other areas.
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