TriMas Corporation (TRS)
Market Cap | 1.04B |
Revenue (ttm) | 887.30M |
Net Income (ttm) | 51.26M |
Shares Out | 41.41M |
EPS (ttm) | 1.23 |
PE Ratio | 20.50 |
Forward PE | 10.92 |
Dividend | $0.16 (0.63%) |
Ex-Dividend Date | Nov 1, 2023 |
Volume | 183,918 |
Open | 25.63 |
Previous Close | 25.42 |
Day's Range | 25.14 - 25.85 |
52-Week Range | 22.59 - 31.89 |
Beta | 0.73 |
Analysts | Strong Buy |
Price Target | 40.00 (+58.67%) |
Earnings Date | Oct 26, 2023 |
About TRS
TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers 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 p... [Read more]
Financial Performance
In 2022, TriMas's revenue was $883.83 million, an increase of 3.12% compared to the previous year's $857.11 million. Earnings were $66.17 million, an increase of 15.46%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for TRS stock is "Strong Buy" and the 12-month stock price forecast is $40.0.
News

TriMas to Present at the Bank of America Securities 2023 Leveraged Finance Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management is scheduled to present at the Bank of America Securities 2023 Leveraged Finance Conference on Tue...

TriMas Reports Third Quarter 2023 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2023. TriMas Third Quarter Highlights Achieved net sales of $...

TriMas Announces New President of Its TriMas Aerospace Group
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023. He will report directly...

TriMas Declares Quarterly Dividend
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--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 9,...

TriMas Announces Third Quarter 2023 Earnings Conference Call Date
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its third quarter 2023 earnings conference call on Thursday, October 26, 2023. The conference call will...

TriMas Packaging to Attend Luxe Pack Monaco 2023 on October 2-4
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit at Luxe Pack Monaco 2023 at the Grimaldi Forum in the Ravel Hall, at Booth #RD10,...

TriMas Packaging Streamlines Operations With Successful Production Asset Relocation
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has successfully completed, ahead of schedule, the previously announced relocation of cer...

TriMas Reports Second Quarter 2023 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2023. TriMas Highlights Increased second quarter net sales in Tri...

TriMas Streamlines Manufacturing Footprint
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it is taking proactive actions to optimize its TriMas Packaging group's manufacturing footprint and better position ...

TriMas Announces Second Quarter 2023 Earnings Conference Call Date
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its second quarter 2023 earnings conference call on Thursday, July 27, 2023. The conference call will b...

TriMas Releases Third Annual Sustainability Report
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced it has released its annual Sustainability Report, demonstrating the Company's commitment to transparency by providing a c...

TriMas Announces Upcoming Participation at the William Blair 43rd Annual Growth Stock Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management plans to participate in the following upcoming investor conference: William Blair 43rd Annual Grow...

TriMas Packaging Group Introduces Its Singolo™ Line of Fully Recyclable, Single-polymer Dispensing Pumps
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has further advanced its commitment to sustainable packaging solutions with the commercia...

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TriMas Reports First Quarter 2023 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2023. TriMas Highlights Increased first quarter net sales in TriM...

TriMas Announces First Quarter 2023 Earnings Conference Call Date
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2023 earnings conference call on Thursday, April 27, 2023. The conference call will b...

TriMas Announces Appointment of Jeffrey Fielkow to Board of Directors
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--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 ove...

TriMas Reports Fourth Quarter and Full Year 2022 Results
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2022. TriMas Highlights Increased net sales for...

TriMas Announces Agreement to Acquire Weldmac
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company (“Weldmac”), a leadi...

TriMas Announces the Acquisition of Aarts Packaging
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has acquired Aarts Packaging B.V., a well-established, innovative luxury packaging solutions provider for prest...

TriMas Announces Fourth Quarter and Full Year 2022 Earnings Conference Call Date
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) announced today that it will host its fourth quarter and full year 2022 earnings conference call on Thursday, February 23, 2023. The co...

Newron announces striking six-month interim results from its exploratory clinical trial evaluating evenamide as add-on therapy for patients with treatment-resistant schizophrenia
MILAN--(BUSINESS WIRE)--Newron Pharmaceuticals S.p.A. (“Newron”) (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the ...

TriMas Packaging Facility Achieves FSSC 22000, a Leading Food Safety Production Certification
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its TriMas Packaging facility located in Hamilton, Indiana, has successfully been certified as meeting the require...

TriMas' 2022 Kaizen Challenge Winners Reflect Ongoing Commitment to Continuous Improvement
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the winners of its 2022 TriMas Kaizen Challenge. The 2022 winners are TriMas Aerospace's Optimizing Subcontracting Supp...

TriMas to Present at the Bank of America Securities 2022 Leveraged Finance Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management is scheduled to present at the Bank of America Securities 2022 Leveraged Finance Conference on T...