TriMas Corporation (TRS)

TriMas beat expectations on adjusted EPS but trailed on revenue in the second fiscal quarter of 2026, reported July 30, 2026, as sales fell sharply year over year and profitability ran at low-single-digit operating margin. Revenue declined 36.5% to roughly $174.6 million (down from about $274.8 million a year ago) and came in at $174.6 million versus the $178.4 million estimate (-2.2%, trailed), while adjusted EPS of $0.52 topped the $0.49 estimate (+5%, topped) but was down from $0.61 a year ago. Gross profit was about $35.3 million, with gross margin near 20.2%, and operating income of roughly $10.9 million translated to an operating margin of about 6.2%. Net income fell 20.0% to roughly $13.4 million (from about $16.7 million a year ago). The company generated operating cash flow of about $137.1 million, repurchased roughly $18.9 million of stock, and paid around $1.5 million in dividends. Consensus for the next period calls for EPS of $0.50 on revenue of $175.2 million.