TriMas Corporation exceeded expectations in the first quarter of 2024, with adjusted earnings per share coming in at 37 cents, higher than the Zacks Consensus Estimate of 28 cents. The company saw growth in revenues by 5.4% year over year to $227 million, surpassing the estimated $217 million. TriMas is optimistic about its 2024 outlook with an expected adjusted EPS range of $1.95 to $2.15. The Aerospace and Packaging segments contributed to this positive performance, supported by recent acquisitions and operational enhancements, despite facing challenges related to increased interest and tax expenses.
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