Welcome to our dedicated page for Trimas news (Ticker: TRS), a resource for investors and traders seeking the latest updates and insights on Trimas stock.
TriMas Corp (TRS) News Hub provides investors and industry professionals with comprehensive updates on this diversified manufacturer of engineered solutions. Track official announcements across packaging, aerospace, and specialty product segments, including earnings reports, strategic acquisitions, and operational developments.
This resource consolidates TriMas' latest financial disclosures, product innovations, and market expansion efforts. Users will find press releases detailing advancements in closure systems, aerospace fasteners, and industrial sealing technologies – all critical to understanding the company's multi-segment growth strategy.
Key updates include quarterly financial performance, leadership changes, sustainability initiatives, and patent filings. The curated news flow helps stakeholders monitor TriMas' execution of its capital allocation framework and responses to evolving industrial demands.
Bookmark this page for streamlined access to TRS corporate communications. Combine these updates with SEC filings and industry analysis for informed decision-making regarding this global engineered products provider.
TriMas (TRS) reported Q3 2024 results with net sales of $229.4 million, down 2.5% from Q3 2023. The company achieved core sales growth in Packaging (12.3%) and Aerospace (4.8%) segments, while Specialty Products experienced a 44.8% decline. Operating profit was $8.3 million, compared to $23.8 million in Q3 2023. Adjusted net income was $17.7 million ($0.43 per diluted share), down from $26.0 million ($0.63 per diluted share) in Q3 2023. The company maintains its full-year 2024 adjusted EPS guidance of $1.70 to $1.90.
TriMas Packaging (NASDAQ: TRS), the largest division of TriMas, announces its first-time participation at Beautyworld Middle East 2024, scheduled for October 28-30 at the Dubai World Trade Centre. The company will showcase its innovative beauty and cosmetic packaging solutions at Booth #3-H19. The event, expected to draw over 70,000 visitors and 2,000 exhibitors, provides TriMas an opportunity to present its portfolio of high-end fragrance pumps and closures through its brands including Rieke®, Aarts Packaging, Affaba & Ferrari™, Taplast™, and Rapak®.
TriMas (NASDAQ: TRS) has announced a quarterly cash dividend of $0.04 per share. The dividend will be paid on November 12, 2024, to shareholders of record as of the close of business on November 5, 2024. TriMas is a diversified manufacturer serving the consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups. The company employs approximately 3,500 people across 13 countries and operates under the TriMas Business Model. TriMas is headquartered in Bloomfield Hills, Michigan, and is publicly traded on the NASDAQ under the ticker symbol 'TRS'.
TriMas (NASDAQ: TRS) has announced its third quarter 2024 earnings conference call, scheduled for Monday, November 4, 2024. The call will begin at 10 a.m. Eastern Time, following the release of the company's Q3 2024 earnings results at 8 a.m. on the same day. Participants can join the call by dialing (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside U.S. and Canada).
The conference call will also be webcast on TriMas' website with an accompanying slide presentation. A replay will be available from November 4 at 3 p.m. to November 18 at 3 p.m. Eastern Time. TriMas designs and manufactures products for consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups. The company employs approximately 3,400 people across 13 countries.
TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit at LUXE PACK Monaco 2024 from September 30th to October 2nd. The company will showcase its latest innovations in packaging design and sustainable product solutions for the luxury beauty, cosmetic, and personal care markets.
TriMas Packaging's market-leading brands, including Rieke®, Aarts Packaging, Affaba & Ferrari™, Taplast™, and Rapak®, will present their offerings at Booth #RD10 in the Ravel Hall. The company will feature high-end fragrance pumps, all-plastic foamers, dispensers, airless systems, color cosmetic packaging, closures, and jars. Additionally, TriMas Packaging will highlight its environmentally-conscious Singolo™ line of fully recyclable, single-polymer dispensing pumps.
With approximately 2,200 employees and 26 locations worldwide, TriMas Packaging continues to invest in advanced processes, cutting-edge technology, and sustainable innovation to meet evolving customer needs in the beauty, cosmetic, and personal care markets.
TriMas (NASDAQ: TRS) reported Q2 2024 results with net sales up 3.1% to $240.5 million, driven by strong growth in Packaging (13.0%) and Aerospace (27.6%) segments. However, operating profit decreased 11.0% to $17.9 million. Adjusted EPS was $0.43, down from $0.56 in Q2 2023. The company maintained a strong balance sheet with $35 million cash on hand and $232.5 million available under its credit facility. TriMas revised its 2024 outlook, now expecting 4-6% sales growth and adjusted EPS of $1.70-$1.90, primarily due to lower-than-expected performance in the Specialty Products segment.
Barington Capital Group, owning 1.5% of TriMas (TRS), has called for the company to consider strategic alternatives to address long-term share price underperformance. Since Barington's previous letter in December 2023, TriMas has underperformed its peers and the Russell 2000 index. Barington argues that TriMas' multi-segment structure has not benefited stockholders and suggests two alternatives: selling the Aerospace segment or the entire company.
TriMas currently trades at 8.6x NTM consensus EBITDA, which Barington believes undervalues its Packaging and Aerospace segments. The aerospace sector is consolidating due to strong travel and defense demand, and some of TriMas' multi-segment industrial peers have been acquired at substantial premiums. Barington urges the TriMas Board to promptly seek value-creating alternatives to improve shareholder value.
TriMas (NASDAQ: TRS) has announced a quarterly cash dividend of $0.04 per share. The dividend will be payable on August 13, 2024, to shareholders of record as of the close of business on August 6, 2024. TriMas is a diversified manufacturer serving the consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups. The company employs approximately 3,500 people across 13 countries and operates under the TriMas Business Model, focusing on innovation and quality. TriMas is publicly traded on NASDAQ under the ticker symbol 'TRS' and is headquartered in Bloomfield Hills, Michigan.
TriMas (NASDAQ: TRS) has announced it will hold its second quarter 2024 earnings conference call on July 30, 2024, at 10 a.m. Eastern Time. The earnings results for Q2 2024 will be released at 8 a.m. the same day. Investors can join the call by dialing specified numbers for U.S. or international access or via a webcast on the TriMas website. A replay of the call will be available from July 30 at 3 p.m. until August 13 at 3 p.m. Eastern Time. TriMas is a manufacturer with a diversified product portfolio targeting consumer products, aerospace, and industrial markets, employing about 3,400 people in 13 countries.
TriMas (NASDAQ: TRS) reported a 5.4% increase in net sales to $227.1 million for the first quarter of 2024. The company saw growth in its Packaging and Aerospace segments, with diluted EPS in line with the prior year and adjusted diluted EPS up 5.7% to $0.37. Despite challenges in Specialty Products, TriMas remains optimistic about its performance for 2024. The company repurchased shares and paid dividends, maintaining a strong financial position.
