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 |
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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
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
Continued Organic Sales Growth in its Two Largest Segments TriMas (NASDAQ:TRS) today announced financial results for the third quarter ended September 30, 2024. TriMas Third Quarter Highlights Achieved core sales growth within its Packaging and Aerospace segments of 12.3% and 4.8%, respectively Continued to experience sales recovery in the beauty & personal care and industrial packaging end markets, which were impacted most in 2023 Resolved 10-week work stoppage at one of its Aerospace locations, which impacted the quarter Reduced net shares outstanding by approximately 1.6% year-to-date through common stock repurchases "While we are pleased with the core sales growth in our two
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on November 12, 2024, to shareholders of record as of the close of business on November 5, 2024. 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 3,500 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 s
TriMas (NASDAQ:TRS) announced today that it will host its third quarter 2024 earnings conference call on Monday, November 4, 2024. The conference call will begin at 10 a.m. Eastern Time and will follow the Company's release of third quarter 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 third quarter 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 accompanying slide presentation. If you are unable t
Accelerated Organic Sales Growth in its Two Largest Segments TriMas (NASDAQ:TRS) today announced financial results for the second quarter ended June 30, 2024. TriMas Second Quarter Highlights Achieved organic sales growth within its Packaging and Aerospace segments of 13.0% and 27.6%, respectively Increased net sales by 3.1%, as its two largest segments offset decreased demand within Specialty Products Improved adjusted operating profit margin within its Aerospace segment by 730 basis points year-over-year Reduced net shares outstanding by approximately 1.3% year-to-date through common stock repurchases "Overall, our sales growth for the second quarter, as well as on a ye
TriMas' Shares have Underperformed its Peers and the Market Over a Long-Term Period Believes TriMas' Multi-Segment Structure has Done Little to Benefit Stockholders Recommends TriMas Sell its Aerospace Segment or the Entire Company NEW YORK, July 29, 2024 /PRNewswire/ -- Barington Capital Group, L.P. and its affiliates, including The Eastern Company (NASDAQGM:EML) ("Barington" or "we"), which collectively own approximately 1.5% of TriMas Corporation (NASDAQ:TRS) ("TriMas" or the "Company"), announced today that it has sent a letter to the Chairman of the Board of TriMas, Herbert K. Parker, recommending the Company consider a range of alternatives to improve shareholder value. Since the rel
TriMas (NASDAQ:TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on August 13, 2024, to shareholders of record as of the close of business on August 6, 2024. 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 3,500 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 ser
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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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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
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
BLOOMFIELD HILLS, Mich., Feb. 7, 2025 /PRNewswire/ -- Woodward Park Partners is pleased to announce that IES Infrastructure Solutions LLC, a division of IES Holdings, Inc. (NASDAQ:IESC) has acquired Arrow Engine Company, a subsidiary of TriMas Corporation (NASDAQ:TRS). Arrow Engine, based in Tulsa, Oklahoma, is a global provider of natural gas-powered engines, compressors and replacement parts for use in oil and natural gas production and other industrial markets. Arrow Engine Company (www.arrowengine.com) Arrow Engine is a provider of natural gas-powered engines, typically us
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 Packaging, the largest operating group of TriMas (NASDAQ:TRS), is excited to announce its participation in two upcoming trade shows, where the Company will showcase its diverse portfolio of innovative and sustainable dispensing and closure product solutions. TriMas Packaging will be attending the following trade shows: Paris Packaging Week Date: January 28-29th, 2025 Location: Paris Porte de Versailles, Paris, France Booth: #Q62 in the PCD showcase TriMas Packaging's family of brands will present their core dispensing and closure product offerings alongside their latest sustainable innovations. Featured products include the new Singolo™ fully recyclable foaming dispen
Fully Recyclable Dispenser Added to its Singolo™ Product Line TriMas Packaging, the largest operating group of TriMas (NASDAQ:TRS), today announced that it has added to its breadth of commercially available, fully recyclable, all-plastic dispensers with the launch of a new foaming pump under its patented Singolo™ product line. The new foaming dispenser offers a sustainable alternative to traditional pump designs by incorporating an innovative polymeric spring, replacing a conventional metallic spring, thereby facilitating direct recyclability. While maintaining a familiar look, feel and smooth actuation for ease of use, the foaming dispenser is fully customizable with various neck sizes
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
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