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TriMas Corporation (NASDAQ: TRS) is a diversified designer, manufacturer, and distributor of engineered and applied products that cater to a variety of industrial, commercial, and consumer end markets worldwide. With over 50 facilities in 16 countries, TriMas provides its customers with highly-engineered solutions and is committed to market leadership, innovation, and operational excellence.
TriMas operates through three primary segments:
- Packaging: Manufactures and distributes closure and dispensing systems for a wide range of consumer products.
- Aerospace: Supplies blind bolts, fasteners, rivets, and other products tailored for the aerospace industry.
- Specialty Products: Produces and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and various fasteners.
The company emphasizes sustainable sales and earnings growth through strategic investments and capital allocation. This includes organic growth strategies such as product innovation, market penetration, and geographic expansion, as well as bolt-on acquisitions to enhance their portfolio and market reach.
TriMas’s commitment to innovation and operational excellence is reflected in its latest achievements and ongoing projects. The company continues to explore new markets and expand its product offerings, ensuring it meets the evolving needs of its global customer base. Financially, TriMas maintains a solid foundation, aiming for consistent performance and shareholder value.
For the latest updates and news about TriMas Corporation, stay informed through our regularly updated news section.
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TriMas Packaging Group, a division of TriMas (NASDAQ: TRS), will exhibit its dispensing and closure solutions at LUXE PACK New York and China Beauty Expo in May. The company will showcase innovative products, including fragrance pumps and sustainable options, to industry professionals.
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TriMas (TRS) will host its first quarter 2024 earnings conference call on April 30, 2024, following the release of earnings results. The call will start at 10 a.m. Eastern Time and will be accessible via phone or webcast. A replay will be available until May 14.
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TriMas (NASDAQ: TRS) announces the planned retirement of Chairman Samuel Valenti III and the appointment of Herbert K. Parker as Chair Elect. Valenti, with over 50 years of business leadership, retires after a remarkable journey. Parker will take over as Chair of the Board of Directors post the 2024 Annual Meeting of Shareholders.
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TriMas (TRS) achieved a 7.5% growth in the Packaging segment in the fourth quarter of 2023. The company reported a quarterly net sales of $209.6 million, with an increase of 3.1% compared to the prior year quarter. TriMas initiated a sale process for Arrow Engine to exit the oil and gas end market. Despite encountering challenges in 2023, TriMas remains optimistic for 2024, focusing on cost management, operational improvements, and investing in organic growth.
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TriMas (TRS) announces a quarterly cash dividend of $0.04 per share, payable on March 8, 2024, to shareholders of record.
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TriMas (TRS) will host its fourth quarter and full year 2023 earnings conference call on February 29, 2024. The call will begin at 10 a.m. Eastern Time following the release of earnings results at 8 a.m. Participants can join via phone or webcast, with a replay available until March 14.
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TriMas (NASDAQ: TRS) to Exhibit Market-Leading Brands at Paris Packaging Week 2024
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TriMas (NASDAQ: TRS) expands cleanroom capacity at Intertech business to meet increased demand for medical technology applications, reinforcing its commitment to serving the Life Sciences sector.
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TriMas (NASDAQ: TRS) continues to lead in innovative packaging solutions, securing new business awards and collaborations with top global customers. The company's Affaba & Ferrari™ business is introducing new tethered cap designs, including a 38mm sports drink cap for Coca-Cola and a lightweight cap for Granarolo's milk-based products. These designs aim to reduce environmental waste and increase recyclability while enhancing consumer experience. TriMas President and CEO, Thomas Amato, emphasizes the company's commitment to sustainability and innovation in driving positive change for a more sustainable future.
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TriMas (TRS) appoints William Carrigan as Allfast Fastening Systems General Manager, effective December 1, 2023. Carrigan, with a proven record of success in the aerospace fastener sector, brings leadership experience and industry expertise to TriMas Aerospace. Allfast is a leading global manufacturer of solid and blind rivets, blind bolts, temporary fasteners, and installation tools for the aerospace industry.
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FAQ
What is the current stock price of Trimas Corporation (TRS)?
The current stock price of Trimas Corporation (TRS) is $24.2 as of February 4, 2025.
What is the market cap of Trimas Corporation (TRS)?
The market cap of Trimas Corporation (TRS) is approximately 976.8M.
What does TriMas Corporation do?
TriMas Corporation designs, manufactures, and distributes engineered and applied products for industrial, commercial, and consumer end markets worldwide.
On which stock exchange is TriMas listed?
TriMas Corporation is listed on NASDAQ under the ticker symbol TRS.
What are the main business segments of TriMas Corporation?
TriMas operates through three main segments: Packaging, Aerospace, and Specialty Products.
Where is TriMas Corporation headquartered?
TriMas Corporation is headquartered in the United States.
How many facilities does TriMas Corporation have?
TriMas has over 50 facilities located in 16 countries globally.
What products are included in TriMas's Packaging segment?
The Packaging segment manufactures and distributes closure and dispensing systems for consumer products.
What does the Aerospace segment of TriMas supply?
The Aerospace segment supplies blind bolts, fasteners, rivets, and other specialized products for the aerospace industry.
What are the products offered by the Specialty Products segment?
The Specialty Products segment manufactures and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and various fasteners.
What strategies does TriMas use to achieve growth?
TriMas employs organic growth strategies such as product innovation, market penetration, and geographic expansion, along with bolt-on acquisitions.
How can I stay updated with the latest news from TriMas Corporation?
You can stay updated with the latest news and developments about TriMas Corporation by visiting our regularly updated news section.
Trimas Corporation
Nasdaq:TRS
TRS Rankings
TRS Stock Data
976.75M
33.76M
16.77%
100.64%
5.48%
Packaging & Containers
Metal Forgings & Stampings
United States of America
BLOOMFIELD HILLS