TriMas

TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following segments: Packaging, Aerospace, and Specialty Products. The Packaging segment 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 resistant caps, drum and pail closures, and flexible spouts, polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer product markets including, but not limited to, beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market. The Aerospace segment is involved in the design and manufacture of precision fasteners, tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market under the brand name Monogram Aerospace Fasteners, RSA Engineered Products and Martinic Engineering, Allfast Fastening Systems, and Mac Fasteners. The Specialty Products segment designs, manufactures, and distributes highly-engineered steel cylinders, wellhead engines, and compression systems for use within industrial markets and includes the Norris Cylinder and Arrow Engine brands. The company was founded by Brian P. Campbell in 1986 and is headquartered in Bloomfield Hills, MI.

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TriMas reports strong Q4 performance, anticipates sales growth in 2023

TriMas showcased resilience amidst market challenges, focusing on strategic acquisitions, innovation, and capital returns to shareholders. With a strong balance sheet and positive outlook for 2023, TriMas aims for sales growth, margin improvements, and strong free cash flow generation.

TriMas reports Q1 earnings, faces challenges but eyes growth

TriMas delivered mixed performance in Q1 2023 with challenges in Packaging and Aerospace but growth in Specialty Products.
The company's strategic focus on acquisitions, sustainability, and innovation positions it well for long-term success.
Despite short-term headwinds, TriMas maintains a positive outlook and reaffirms its full-year 2023 guidance.

TriMas reports solid Q2 earnings, eyes growth in specialty products

TriMas Corporation navigated a dynamic global market environment in Q2, with strong performance in Specialty Products and progress in Aerospace. Despite challenges in Packaging, the company remains focused on growth opportunities and cost-saving measures. Management expressed confidence in long-term prospects and commitment to shareholder returns.

TriMas reports solid Q3 results amidst global uncertainties and growth

TriMas delivered a solid performance in Q3, maintaining financial stability and showcasing growth potential.
While facing challenges in certain segments, the company's strategic focus on diversification and innovation positions it for long-term success.
Opportunities in aerospace market recovery, new product solutions, and market expansion offer avenues for sustained growth and shareholder value.

TriMas reports resilient Q4 performance and optimistic outlook for 2024

TriMas navigated challenges in 2023 through proactive cost-saving measures and strategic realignments, achieving positive sales growth in key segments.
The outlook for 2024 is optimistic, with forecasted sales growth, adjusted EPS, and EBITDA improvements, indicating potential for continued performance and shareholder value creation.
Analysts' inquiries into segment performance and strategic changes reflect market interest and opportunities for TriMas to enhance operational efficiencies and drive growth.
TriMas' focus on transparency, operational optimization, and market responsiveness positions the company to capitalize on emerging opportunities and navigate evolving market dynamics.

TriMas reports solid Q1 performance, eyes growth through innovation

TriMas Corporation's Q1 2024 earnings call highlighted strong performance in Packaging and Aerospace groups, offset by challenges in the Specialty Products segment.
The company's strategic focus on operational efficiency, innovation, and shareholder value underscores its commitment to sustainable growth and profitability.
With reaffirmed guidance and a proactive approach to managing its balance sheet, TriMas is well-positioned to capitalize on opportunities for expansion and market leadership.

TriMas reports strong Q2 performance, revises guidance for growth

TriMas Q2 2024 Earnings Call highlighted strong performance in Packaging and Aerospace, challenges in Specialty Products, and strategic initiatives for growth and efficiency. Revised guidance reflects confidence in future prospects.

TriMas reports solid Q3 performance, eyes growth through strategic acquisitions

TriMas Corporation's Q3 2024 earnings call showcased positive performance in key end markets, with strong sales growth in Packaging and Aerospace. Despite challenges in Aerospace, the company remains focused on capital allocation and strategic acquisitions. TriMas is optimistic about the value-creating opportunities in its core segments and the potential for growth through continuous improvement.

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TriMas' (TRS) second-quarter revenues improved from the prior year driven by record sales in the Packaging segment and recent acquisitions.

TriMas (TRS) Earnings and Revenues Beat Estimates in Q2

TriMas Corporation (TRS) CEO Tom Amato on Q2 2020 Results - Earnings Call Transcript

TriMas (TRS) delivered earnings and revenue surprises of 34.38% and 3.39%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

TriMas (TRS) Tops Q2 Earnings and Revenue Estimates

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2020.

TriMas Reports Second Quarter 2020 Results

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the appointment of Fabio Salik as President of Rieke, effective July 15, 2020. Salik will report directly to TriMas President and Chief Executive Officer Thomas Amato. “I am very pleased to welcome Fabio to the TriMas team as our new President of Rieke, TriMas’ largest operating division,” said Amato. “He has an impressive track record within the packaging industry and has significant leadership experience, including

TriMas Transitions Rieke Leadership to Fabio Salik

TriMas Transtions Rieke Leadership to Fabio Salik

The latest partnership supports TriMas' (TRS) focus on investment in growing packaging business.

TriMas Inks Deal With INEOS Hygienics to Boost Packaging Market

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its Rieke business has partnered with INEOS Hygienics, a new INEOS business focused on the global consumer health care market, in an effort to help provide products that are essential to minimize the transmission of the COVID-19 virus. INEOS recently awarded Rieke with a contract to produce dispenser pumps for its new hand sanitizers. “We are excited to partner with INEOS Hygienics to support their urgent needs

TriMas Announces New Strategic Customer Relationship

TriMas (TRS) benefiting from cost control efforts, gains from its TriMas Business Model and strong demand witnessed by the packaging segment despite weakness in few markets.

TriMas Banks on Demand in Packaging Segment Amid Coronavirus

The latest partnership will help expand the Europe customer base for TriMas' (TRS) aerospace division.

TriMas' Aerospace Unit Inks Deal to Expand European Footprint

TriMas (TRS) reported earnings 30 days ago. What's next for the stock?

TriMas (TRS) Down 0.8% Since Last Earnings Report: Can It Rebound?

TriMas' (TRS) first-quarter earnings declined from the prior year despite higher revenues, mainly due to lower production efficiency.

TriMas (TRS) Beats on Q1 Earnings, Suspends '20 Guidance

TriMas Corporation (TRS) CEO Thomas Amato on Q1 2020 Results - Earnings Call Transcript

TriMas (TRS) delivered earnings and revenue surprises of 9.68% and 3.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

TriMas (TRS) Tops Q1 Earnings and Revenue Estimates

Shares of TriMas (NASDAQ:TRS) were unchanged at $25.89 after the company reported Q1 results.

Recap: TriMas Q1 Earnings

TriMas (TRS) Down 8.1% Since Last Earnings Report: Can It Rebound?

TriMas Corporation (TRS) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Moving Average Crossover Alert: TriMas

TriMas (TRS) in sync with its strategy of growing its aerospace business and augment the segment???s product offerings completes the buyout of RSA Engineered Products.

TriMas (TRS) Augments Aerospace Offering With RSA Buyout

TriMas Corporation (TRS) CEO Thomas Amato on Q4 2019 Results - Earnings Call Transcript

TriMas' (TRS) fourth-quarter earnings missed the Zacks Consensus Estimate and also declined from the prior year on weak North American industrial end markets and increased freight costs.

TriMas (TRS) Q4 Earnings Miss on Weak Industrial Demand

TriMas (TRS) delivered earnings and revenue surprises of -20.51% and -24.70%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

TriMas (TRS) Q4 Earnings and Revenues Miss Estimates

TriMas (TRS) is in the process of adding the Rapak brand name that will help it grow in the lucrative bag-in-box market.

TriMas (TRS) to Acquire Rapak, Expand in Bag-in-Box Markets

Despite weak demand in many of its end markets, TriMas (TRS) is poised well on its pricing actions and ongoing TriMas Business Model, which is aimed at improving management and business performance.

TriMas (TRS) Rides on Strong Product Pipeline, Costs High

TriMas' (TRS) latest divesture supports its effort to reposition the portfolio by investing in innovation as well as M&A to accelerate long-term growth in the Packaging and Aerospace segments.

TriMas (TRS) Divests Lamons Business Unit for $135 Million

The ongoing weakness in the North American industrial and upstream oil and gas end markets will hurt TriMas' (TRS) top line. However, higher freight and commodity costs are likely to dent margins.

News for TriMas Stock (TRS)