TriMas reported Q4 net sales of $170.9 million, a 0.5% increase compared to Q4 2018. The company's diluted EPS was $0.30, while adjusted diluted EPS was $0.31. The company achieved the high end of its full year EPS guidance range. TriMas successfully sold its Lamons business and signed agreements to acquire RSA Engineered Products and Rapak.
Increased 2019 net sales from continuing operations by 2.6% to $723.5 million, driven by acquisitions in TriMas' Packaging group and solid growth in the TriMas Aerospace group.
Delivered fourth quarter diluted EPS from continuing operations of $0.30, while adjusted diluted EPS from continuing operations was $0.31, achieving high end of the previously provided full year 2019 EPS range of $1.40 to $1.45.
Repurchased more than 1.2 million shares, or approximately 2.7% of its outstanding common stock, during 2019, while increasing the Company's share repurchase authorization to $150 million.
Signed agreements to acquire RSA Engineered Products and Rapak.
The Company is estimating that 2020 sales growth will be 9% to 11% compared to 2019, with organic sales growth of approximately 1.5% to 2.5%, assuming constant currency. The Company expects full year 2020 adjusted diluted earnings per share to be between $1.50 to $1.60 per share. In addition, the Company is targeting 2020 Free Cash Flow to be greater than 100% of net income.
Visualization of income flow from segment revenue to net income
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