TriMas reported a 5.4% increase in net sales for the first quarter of 2020, driven by acquisitions and organic growth in the Packaging group. Diluted EPS from continuing operations was $0.30, with adjusted diluted EPS at $0.34. The company completed acquisitions of RSA Engineered Products and Rapak during the quarter. Due to the COVID-19 pandemic, TriMas withdrew its full-year 2020 guidance.
Net sales increased by 5.4% due to acquisitions and organic growth in the Packaging segment.
Diluted EPS from continuing operations was $0.30, and adjusted diluted EPS was $0.34.
Completed acquisitions of RSA Engineered Products and Rapak.
Withdrew full-year 2020 guidance due to COVID-19 related uncertainty.
Due to the COVID-19 pandemic and the resulting economic uncertainty, TriMas is withdrawing its full year guidance for 2020, which was previously provided on February 27, 2020.
Visualization of income flow from segment revenue to net income
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