TriMas reported an 11.1% increase in fourth quarter net sales, driven by organic growth and acquisition-related sales. Adjusted diluted EPS increased by 19.1% compared to the prior year.
Increased fourth quarter sales by 11.1% compared to the prior year.
Reported operating profit of $17.6 million in fourth quarter 2021.
Adjusted diluted earnings per share was $0.56, an increase of 19.1% compared to the prior year period.
Net cash provided by operating activities was $56.5 million for fourth quarter 2021, compared to $48.3 million generated in fourth quarter 2020.
The Company expects TriMas' 2022 consolidated sales to increase 8% to 11% compared to 2021. The Company expects full year 2022 adjusted diluted earnings per share to be between $2.25 to $2.35 per share. In addition, the Company is targeting 2022 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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