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Trimas Corporation  (TRS)
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Price: $25.3500 $-0.47 -1.820%
Day's High: $25.87 Week Perf: -2.84 %
Day's Low: $ 25.22 30 Day Perf: 2.59 %
Volume (M): 164 52 Wk High: $ 29.07
Volume (M$): $ 4,160 52 Wk Avg: $25.48
Open: $25.68 52 Wk Low: $22.59



 Market Capitalization (Millions $) 1,055
 Shares Outstanding (Millions) 42
 Employees 3,500
 Revenues (TTM) (Millions $) 894
 Net Income (TTM) (Millions $) 40
 Cash Flow (TTM) (Millions $) -77
 Capital Exp. (TTM) (Millions $) 54

Trimas Corporation
With its TriMas Packaging, TriMas Aerospace, and Specialty Products departments, TriMas designs, develops, and manufactures a varied range of products primarily for the consumer, aerospace, and industrial industries. We think our companies have key and differentiating traits, such as well-known brand names in the industries we service; innovative product technologies and features; customer-approved procedures and qualified goods; high cash flow conversion and long-term growth potential. TriMas is headquartered in Bloomfield Hills, Michigan.
TriMas Packaging segment consists of TriMas Packaging, which includes the Rieke, Affaba & Ferrari, Taplast, Rapak and Omega Plastics brands. We believe TriMas Packaging is a leading designer, developer and manufacturer of specialty, highly-engineered polymeric and steel closure and dispensing systems for a range of end markets, including consumer packaging and industrial markets. We manufacture high-performance, value-added products that are designed to enhance our customers' ability to store, transport, process and dispense various products.
TriMas Packaging designs and manufactures dispensing products (including foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (including food lids, flip-top closures, child resistance caps, drum and pail closures and flexible spouts), polymeric jar products, and fully integrated dispensers for fill-ready, flexible bag-in-box applications, for a variety of consumer product markets including, but not limited to, beauty and personal care, home care, food and beverage, medical, pharmaceutical and nutraceutical, as well as industrial markets.
Our Aerospace segment is comprised of TriMas Aerospace, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, RSA Engineered Products, Martinic Engineering and TFI Aerospace brands. We believe TriMas Aerospace is a leading designer and manufacturer of a diverse range of products, including, but not limited to, highly-engineered fasteners, collars, blind bolts, rivets, ducting and connectors for air management systems, and other highly-engineered machined parts and components, for use in focused markets within the aerospace industry. In general, these products are customer-specific and are manufactured utilizing customer-qualified and proprietary processes. The products also satisfy rigorous customer approvals or meet unique aerospace industry standards, and as such, we believe there are a limited set of competitors.
We provide products for commercial, business jet, and military and defense aerospace applications and platforms with sales to original equipment manufacturers ("OEMs"), supply chain distributors, MRO/aftermarket providers and tier one suppliers. Our customer-specified and/or qualified products are used in production of significant long-term aircraft programs, including several Boeing and Airbus commercial jetliner programs.
We believe our brands are well established and recognized in their markets. Each of our brands are long-term, certified suppliers of aerospace OEMs or Tier 1 suppliers, and have been serving the aerospace industry for decades. Our TriMas Aerospace go-to-market fastener brands include Monogram Aerospace Fasteners ('Monogram'), Allfast Fastening Systems ('Allfast'), Mac Fasteners and TFI Aerospace ('TFI'), and our engineered product brands include RSA Engineered Products ("RSA") and Martinic Engineering ("Martinic").

Our Specialty Products segment is comprised of our Norris Cylinder and Arrow Engine Company businesses. We believe these businesses are well established and recognized in the end markets they serve.
TriMas Norris Cylinder business is a leading designer, manufacturer and distributor of highly-engineered steel cylinders for use in industrial, heating, ventilation and air conditioning ("HVAC"), construction, health care and defense end markets. We believe that Norris Cylinder is a leading provider of a complete line of large, intermediate and small size, high and low-pressure steel cylinders for the transportation, storage and dispensing of compressed gases. Norris Cylinder's large high-pressure seamless gas cylinders are used principally for shipping, storing and dispensing oxygen, nitrogen, argon, helium and other compressed gases. In addition, Norris Cylinder offers a complete line of steel cylinders used to contain and dispense acetylene gas for the welding and cutting industries. Norris Cylinders products meet the rigorous standards required by the Department of Transportation ("DOT") or International Standards Organization ("ISO"), which certifies a cylinders adequacy to perform in specific applications.


   Company Address: 38505 Woodward Avenue Bloomfield Hills 48304 MI
   Company Phone Number: 631-5450   Stock Exchange / Ticker: NASDAQ TRS
   


Customers Net Income fell by TRS's Customers Net Profit Margin fell to

-4.74 %

8.1 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BERY   -4.78%    
BWA   -4.64%    
CAT   -2.1%    
CMI   -0.57%    
GE   -1.21%    
GNRC   -2.77%    
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Management Changes

TriMas Corporation Announces Board of Directors Update and Declares Quarterly Dividend

Published Wed, Mar 20 2024 1:32 PM UTC


Introduction
TriMas Corporation, a leading manufacturing company known for its consumer products, aerospace, and industrial offerings, recently made significant announcements regarding its Board of Directors. Samuel Valenti III, the current Chairman, is set to retire at the Company's Annual Meeting of Shareholders in May 2024. Concurrently, the Board of Directors ha...

Trimas Corporation

Trimas Corporation Surges Ahead with 3.074% Rise in Revenue Amid Fourth Quarter of 2023

Interpreting the Financial Results of Trimas Corporation - A Focus on Shareholder Value
In the recently released financial report for the fourth quarter and full year of 2023, Trimas Corporation (NASDAQ: TRS) showcased a mixed bag of results. Despite a decline in earnings per share (EPS), the company recorded increased revenue and made significant strides in certain areas compared to the previous year. This is particularly noteworthy as it sets Trimas Corporation apart from its competitors within the Electronic Instruments & Controls industries, who are grappling with receding businesses and fading revenue.
The financial report reveals that Trimas Corporation experienced a 3.074% increase in revenue, reaching $209.56 million, compared to $203.31 million in the previous year. Despite this growth in revenue, the company's EPS plummeted by a staggering -57.26% to $0.19 per share. In the same period a year before, the EPS stood at $0.45 per share. As evident from these figures, Trimas Corporation's bottom line has suffered a significant decline.

Dividend

TriMas Corporation Continues to Deliver Value with Quarterly Dividend Declaration and Strong Financial Performance

Published Tue, Feb 20 2024 2:00 PM UTC

Trimas Declares Quarterly Dividend of $0.04 Per Share, Continues to Prioritize Shareholder Value
In a recent press release, TriMas Corporation announced their declaration of a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. This dividend is payable on March 8, 2024, to shareholders of record as of the close of business on March 1, 2024. This news ...

Product Service News

TriMas Corporation's Expansion of Cleanroom Capabilities in Response to Soaring Demand for Medical Technology Components Signals Positive Growth But Raises Concerns

Published Mon, Dec 18 2023 7:00 PM UTC



TriMas announced today that its Intertech business, part of the TriMas Life Sciences division, has expanded its cleanroom capacity at its Denver facility in Colorado. This move comes in response to increased customer demand for highly engineered components used in medical technology applications. The expansion will enable Intertech to meet the growing needs of the ...

Management Changes

TriMas Corporation: Fortifying Leadership and Strengthening Stability for Resilient Growth in Turbulent Times

Published Thu, Dec 7 2023 3:00 PM UTC



TriMas Corporation, a leading manufacturing company operating in the consumer products, aerospace, and industrial markets, has made significant strides to strengthen its leadership team and reaffirm its stability amidst recent market fluctuations. With the appointment of William Carrigan as the General Manager of Allfast Fastening Systems and the declaration of a q...






 

Trimas's Segments
 
 
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