TriMas Corporation manufactures and provides products for consumer products, aerospace, and industrial end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers specialty polymeric and steel closure and dispensing systems, including dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, and Rapak brands. The Aerospace segment provides fasteners, collars, blind bolts, rivets, ducting and connectors for air management systems, and machined parts and components to original equipment manufacturers, supply chain distributors, MRO/aftermarket providers, and tier one suppliers for commercial, maintenance, repair, and operations (MRO); and military and defense aerospace applications and platforms under the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, RSA Engineered Products, and Martinic Engineering brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder brand; natural gas powered wellhead engines, compressors, and replacement parts for oil and natural gas production, and other industrial and commercial markets under the Arrow brand; and spare parts for various industrial engines. The company sells its products through a direct sales force, third-party agents, and distributors. TriMas Corporation was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.
IPO Year: 2007
Exchange: NASDAQ
Website: trimascorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2023 | $40.00 | Buy | BWS Financial |
| 10/28/2022 | Outperform → Mkt Perform | William Blair |
TriMas Packaging, the largest operating group of TriMas (NASDAQ:TRS), is excited to announce its participation in two prestigious global trade shows this May, where it will highlight its diverse and innovative portfolio of dispensing and closure solutions designed to elevate brands in the beauty, cosmetics and personal care markets. LUXE PACK New York Date: May 7-8th, 2025 Location: Javits Center, New York City, New York Booth: #C26 TriMas Packaging will present its latest sustainable innovations, featuring the fully recyclable, all-plastic Singolo™ product family—2cc dispensers, foaming dispensers and Pro-Line pumps—engineered for exceptional performance, user convenience and recy
First quarter diluted EPS of $0.30, with adjusted diluted EPS(1) of $0.46, up 24.3% First quarter operating profit of $21.8 million, with adjusted operating profit(2) of $24.4 million, up 50.2% Consolidated sales growth of 6.4% with quarterly sales growth of 32.5% within Aerospace TriMas (NASDAQ:TRS) today announced financial results for the first quarter ended March 31, 2025. The Company reported first quarter 2025 net income of $12.4 million, or $0.30 per diluted share, compared to $5.1 million, or $0.12 per diluted share, in first quarter 2024. Adjusting for Special Items(2), first quarter 2025 adjusted net income(1) was $18.8 million, compared to $15.1 million in first quarter 20
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on May 13, 2025, to shareholders of record as of the close of business on May 6, 2025. About TriMas TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and
TriMas (NASDAQ:TRS) announced today that it will host its first quarter 2025 earnings conference call on Tuesday, April 29, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of first quarter 2025 earnings results at 8 a.m. that day. To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas first quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via TriMas' website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. If you are unable to
TriMas (NASDAQ:TRS) today announced that Scott Mell, its Chief Financial Officer (CFO), will be leaving the Company effective March 20, 2025, to pursue another opportunity. In light of this transition, Teresa Finley, a current TriMas Board member, has been appointed interim CFO. "As a valued member of our Board since 2020, Teresa brings extensive financial expertise, operational knowledge and steadfast leadership, and is well-suited to step into this interim role," said Herbert Parker, TriMas' Board Chairman. "Her appointment will help ensure continuity in the Company's strategic momentum, drive improvement in our financial operations and accelerate our focus on delivering enhanced shareho
TriMas (NASDAQ:TRS) today announced that its TriMas Packaging group has been honored with the prestigious Gold Supplier Award from Grupo Boticário, a leading multinational beauty company headquartered in Brazil. The award was presented during Grupo Boticário's 28th Annual Supplier Conference in Curitiba, Brazil, recognizing TriMas Packaging's exceptional performance in innovation, sustainability, quality, customer service, technical support and on-time delivery. This recognition follows the Silver Award earned last year, highlighting the company's ongoing commitment to excellence. "We are incredibly honored to receive the Gold Supplier Award from Grupo Boticário, which is a testament to th
TriMas (NASDAQ:TRS) today announced financial results for the fourth quarter and full year ended December 31, 2024. TriMas Highlights Achieved quarterly sales growth of 22.3% within its Aerospace group, contributing to record annual group sales of $294.2 million Reported sales growth within its Packaging group of 8.4% and 10.5% for the quarter and year, respectively Successfully acquired GMT Aerospace and divested its Arrow Engine business, further advancing ongoing portfolio optimization efforts "We finished 2024 with robust organic sales growth within our Packaging and Aerospace groups, and remain confident about the tangible recovery across the key end markets within these
TriMas (NASDAQ:TRS) today announced that TriMas Aerospace's Monogram Aerospace Fasteners™, Allfast Fastening Systems® and Mac Fasteners™ brands have been awarded a multi-year global contract with Airbus, expanding the Company's existing contract scope across all fastener business units and further strengthening TriMas Aerospace's position across the global Airbus supply chain. "We are honored to be a supplier of high-performance fastening solutions to Airbus," said Vitaliy Rusakov, Group President of TriMas Aerospace. "This contract reaffirms our commitment to delivering best-in-class engineered products and advancing manufacturing technologies to meet the evolving needs of the aerospace
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on March 7, 2025, to shareholders of record as of the close of business on February 28, 2025. About TriMas TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets serv
TriMas (NASDAQ:TRS) today announced that its Board of Directors has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Mr. Sedaghat will serve as a Class III director, and will also serve on the Governance and Nominating Committee. Mr. Sedaghat has more than four decades of global business experience focused on the packaging industry and working with key consumer products companies. With the addition of Mr. Sedaghat, the TriMas Board of Directors now comprises nine directors, eight of whom are independent. TriMas takes a proactive approach to board refreshment and regularly reviews the Board's composition to ensure it has the right mix of expertise and expe
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BWS Financial initiated coverage of Trimas with a rating of Buy and set a new price target of $40.00
William Blair downgraded Trimas from Outperform to Mkt Perform
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First quarter diluted EPS of $0.30, with adjusted diluted EPS(1) of $0.46, up 24.3% First quarter operating profit of $21.8 million, with adjusted operating profit(2) of $24.4 million, up 50.2% Consolidated sales growth of 6.4% with quarterly sales growth of 32.5% within Aerospace TriMas (NASDAQ:TRS) today announced financial results for the first quarter ended March 31, 2025. The Company reported first quarter 2025 net income of $12.4 million, or $0.30 per diluted share, compared to $5.1 million, or $0.12 per diluted share, in first quarter 2024. Adjusting for Special Items(2), first quarter 2025 adjusted net income(1) was $18.8 million, compared to $15.1 million in first quarter 20
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on May 13, 2025, to shareholders of record as of the close of business on May 6, 2025. About TriMas TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and
TriMas (NASDAQ:TRS) announced today that it will host its first quarter 2025 earnings conference call on Tuesday, April 29, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of first quarter 2025 earnings results at 8 a.m. that day. To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas first quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via TriMas' website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. If you are unable to
TriMas (NASDAQ:TRS) today announced that Scott Mell, its Chief Financial Officer (CFO), will be leaving the Company effective March 20, 2025, to pursue another opportunity. In light of this transition, Teresa Finley, a current TriMas Board member, has been appointed interim CFO. "As a valued member of our Board since 2020, Teresa brings extensive financial expertise, operational knowledge and steadfast leadership, and is well-suited to step into this interim role," said Herbert Parker, TriMas' Board Chairman. "Her appointment will help ensure continuity in the Company's strategic momentum, drive improvement in our financial operations and accelerate our focus on delivering enhanced shareho
TriMas (NASDAQ:TRS) today announced financial results for the fourth quarter and full year ended December 31, 2024. TriMas Highlights Achieved quarterly sales growth of 22.3% within its Aerospace group, contributing to record annual group sales of $294.2 million Reported sales growth within its Packaging group of 8.4% and 10.5% for the quarter and year, respectively Successfully acquired GMT Aerospace and divested its Arrow Engine business, further advancing ongoing portfolio optimization efforts "We finished 2024 with robust organic sales growth within our Packaging and Aerospace groups, and remain confident about the tangible recovery across the key end markets within these
TriMas (NASDAQ:TRS) today announced that TriMas Aerospace's Monogram Aerospace Fasteners™, Allfast Fastening Systems® and Mac Fasteners™ brands have been awarded a multi-year global contract with Airbus, expanding the Company's existing contract scope across all fastener business units and further strengthening TriMas Aerospace's position across the global Airbus supply chain. "We are honored to be a supplier of high-performance fastening solutions to Airbus," said Vitaliy Rusakov, Group President of TriMas Aerospace. "This contract reaffirms our commitment to delivering best-in-class engineered products and advancing manufacturing technologies to meet the evolving needs of the aerospace
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on March 7, 2025, to shareholders of record as of the close of business on February 28, 2025. About TriMas TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets serv
TriMas (NASDAQ:TRS), a leading global provider of engineered products that goes to market through its leading brands within its TriMas Packaging, TriMas Aerospace and Specialty Products groups, today announced that the Company is taking continued actions toward the goal of streamlining and optimizing the business portfolio. The TriMas Board of Directors regularly reviews the Company's strategic priorities and remains open-minded to opportunities to enhance shareholder value. The TriMas Board and management team have been actively exploring a range of potential options, particularly over the past year, to accelerate the focus of its business portfolio. On January 31, 2025, the Company anno
TriMas (NASDAQ:TRS) announced today that it will host its fourth quarter and full year 2024 earnings conference call on Thursday, February 27, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of fourth quarter and full year 2024 earnings results at 8 a.m. that day. To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas fourth quarter and full year 2024 earnings conference call. The conference call will also be simultaneously webcast via TriMas' website at www.trimas.com, under the "Investors" section, with an acco
TriMas (NASDAQ:TRS) today announced the successful completion of the previously announced sale of its Arrow Engine business, thereby exiting its direct presence in the oil and gas market sector. The sale was finalized with IES Infrastructure Solutions LLC, a division of IES Holdings, Inc. (NASDAQ:IESC), and a provider of electrical and mechanical apparatus services, custom steel fabrication and custom-engineered solutions, including generator enclosures and bus systems to customers both in the United States and abroad. The transaction closed on January 31, 2025. "Founded in 1955, Arrow Engine was a legacy TriMas business and part of the TriMas portfolio for several decades," said Thomas A
TriMas (NASDAQ:TRS) today announced that its Board of Directors has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Mr. Sedaghat will serve as a Class III director, and will also serve on the Governance and Nominating Committee. Mr. Sedaghat has more than four decades of global business experience focused on the packaging industry and working with key consumer products companies. With the addition of Mr. Sedaghat, the TriMas Board of Directors now comprises nine directors, eight of whom are independent. TriMas takes a proactive approach to board refreshment and regularly reviews the Board's composition to ensure it has the right mix of expertise and expe
Believes Now is the Optimal Time Given the Contemplated CEO Transition NEW YORK, Jan. 10, 2025 /PRNewswire/ -- Barington Capital Group, L.P., which together with its affiliates collectively owns approximately 1.5% of TriMas Corporation (NASDAQ:TRS), announced today that it has sent a letter to Herbert K. Parker, the Chairman of the Board of Directors of TriMas, urging the Board to immediately retain a financial advisor to pursue strategic alternatives for the Company. The full text of Barington's letter to Mr. Parker is available at https://barington.com/trimas About Barington Capital Group, L.P. Barington Capital Group, L.P. is a fundamental, value-oriented activist investment firm establ
TriMas (NASDAQ:TRS) today announced that the Board of Directors and Thomas Amato have agreed that Mr. Amato will transition from the role of President and Chief Executive Officer. The Board has initiated a comprehensive search process with the assistance of Spencer Stuart, a nationally-recognized executive search firm, to identify a successor. To ensure a smooth leadership transition, Mr. Amato will remain with the Company through June 30, 2025, and will remain President and Chief Executive Officer until the earlier of his departure or the appointment of a permanent successor. In connection with this announcement, Mr. Amato will not stand for re-election to the Company's Board of Directors
TriMas (NASDAQ:TRS) today announced the appointment of William "Bill" Carrigan to the position of Allfast Fastening Systems General Manager, effective December 1, 2023. He will report directly to Vitaliy Rusakov, recently hired as President of TriMas Aerospace. Carrigan has a proven record of success in elevating performance within the aerospace fastener sector. He has held operating positions of increasing responsibility at leading aerospace companies, including Howmet Aerospace, previously a division of Arconic and Alcoa, and Consolidated Aerospace Manufacturing. Throughout his career, Carrigan has consistently driven revenue growth and performance improvement, while committed to operat
TriMas (NASDAQ:TRS) today announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023. He will report directly to TriMas President and Chief Executive Officer Thomas Amato. Rusakov is a proven aerospace industry veteran, with more than 25 years of experience leading global manufacturing businesses in the aerospace, commercial transportation and related sectors. In his most recent role, Rusakov worked at Howmet Aerospace, formerly a division of Arconic and Alcoa, where he served as President of Howmet's Fastening Systems business. Prior to this role, he held the position of Chief Operating Officer, Engineered Products and Solutions Group at Ar
TriMas (NASDAQ:TRS) today announced that its Board of Directors has appointed Jeffrey Fielkow as a new director, effective March 8, 2023. Mr. Fielkow has over three decades of global business experience, coupled with extensive executive leadership skills in the packaging industry, as well as an emphasis on sustainability. With the appointment of Mr. Fielkow, who will also initially serve on the Governance and Nominating Committee, TriMas' Board of Directors will consist of nine directors, eight of whom are independent. "We are pleased to welcome Jeffrey Fielkow to the TriMas Board," said Thomas A. Amato, TriMas' President and Chief Executive Officer. "Jeff has a proven track record of succ
TriMas (NASDAQ:TRS) today announced the retirement of Robert (Bob) Zalupski as Chief Financial Officer and Treasurer. In connection with this development, and as part of the Company's succession planning process, TriMas also announced the appointment of Scott Mell as Chief Financial Officer, effective May 1, 2021. He will report to Thomas Amato, TriMas President and Chief Executive Officer. Mr. Zalupski, who has served in finance leadership roles within TriMas for 19 years, and as its Chief Financial Officer since January 2015, joined TriMas in 2002. Over the years, he played a critical role in a number of the Company's strategic and financial business initiatives, which included leading g