Trimas报告第二季度业绩好坏参半;更新24财年展望

2024-07-30 20:59

Trimas press release (NASDAQ:TRS): Q2 Non-GAAP EPS of $0.43 misses by $0.10.
Revenue of $240.5M (+3.1% Y/Y) beats by $1.87M.
The company reported net cash provided by operating activities of $18.4 million for second quarter 2024, compared to $16.5 million in second quarter 2023.
As a result, the company reported a Free Cash Flow of $11.4 million for second quarter 2024, compared to $11.0 million in second quarter 2023.
TriMas ended second quarter 2024 with $35.0 million of cash on hand, $232.5 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 2.7x as defined in the company's credit agreement.
As of June 30, 2024, TriMas reported total debt of $427.4 million and net debt of $392.4 million.
TriMas is revising its full year 2024 outlook provided on February 29, 2024. The company is now expecting to generate full year 2024 adjusted diluted earnings per share in the range of $1.70 to $1.90 vs. $2.03 consensus, based on revised consolidated sales growth of 4% to 6% compared to 2023 vs. estimated growth of 7.36% Y/Y.

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