Filing Flows › Trimas (TRS) › Q4 2024
Trimas (TRS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Trimas (TRS) reported revenue of $150M for the fourth quarter 2024 (Q4 2024), -29% from a year earlier and -35% from the quarter before. Operating margin was 5.8%, net earnings $5.6M (3.8% of revenue).
Trimas, Q4 2024: revenue $150M (-29% year over year), operating margin 5.8%, net earnings $5.6M, operating cash flow $27.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | -35% | -29% |
| Gross profit | $22.5M | -57% | -48% |
| Operating profit | $8.6M | +4% | -26% |
| Net earnings | $5.6M | +123% | -29% |
| Operating cash flow | $27.1M | +23% | -11% |
| Free cash flow | $12.1M | +19% | +7% |
What changed
Revenue was $149.7M in Q4 2024, down 29% year over year and down 35% from the previous quarter.
Gross margin was 15.0%, down 5.6 points from a year earlier. Operating profit was $8.6M, a 5.8% margin (up 0.2 points year over year). Operating expenses fell 56% while revenue fell 29%. Net earnings were $5.6M, down 29% year over year. The effective tax rate was 16.9%.
Operating cash flow was $27.1M (down 11% year over year), 480% of net earnings. Non-cash charges added back $22.3M of depreciation and amortization. Capital expenditures of $15.0M left free cash flow of $12.1M.
Questions
What was Trimas' revenue in the fourth quarter 2024?
Trimas (TRS) reported revenue of $150M for the fourth quarter 2024 (Q4 2024), -29% from a year earlier and -35% from the quarter before.
Was Trimas profitable in the fourth quarter 2024?
Operating profit was $8.6M (5.8% of revenue) and net earnings $5.6M.
Source: Trimas 10-K on SEC EDGAR.