09:18 AM EDT, 07/30/2024 (MT Newswires) -- TriMas ( TRS ) reported Q2 adjusted earnings Tuesday of $0.43 per diluted share, down from $0.56 a year earlier.

Two analysts polled by Capital IQ expected $0.53.

Net sales for the quarter ended June 30 were $240.5 million, up from $233.2 million a year earlier.

The analysts polled by Capital IQ expected $238.6 million.

The company said it now expects 2024 adjusted earnings of $1.70 to $1.90 per diluted share, compared with its prior guidance of between $1.95 and $2.15. Two analysts polled by Capital IQ expect $2.03.

Sales growth for the year is now expected between 4% and 6% year over year, compared with the company's earlier forecast of 5% to 8%.

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