TriMas Corporation (TRS) announced that it opened a highly developed 225,000-square-foot facility in Haining, China, for its TriMas Packaging group . This move reflects the company’s commitment to offering its customers high-quality packaging solutions, focusing on operational excellence and innovation.Details of TriMas’ New FacilityTriMas announced last year that it would consolidate two manufacturing facilities into one to better serve customers across China and the wider Asia markets. The company closed ...

TriMas Corporation’s (TRS) shares gained 10% since it reported its third-quarter 2024 earnings on Nov. 4. TriMas reported third-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 57 cents. The bottom line declined 31.7% from the prior-year quarter due to weak demand in the Specialty Products segment and delayed shipments due to a 10-week work stoppage at an aerospace location. Despite weaker-than-expected earnin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to . Commission file number 001-10716 TRIMAS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-2687639 (Stat ...

Q3 2024 Financial Performance - Total net sales were $229.4 million, a decrease of $6 million compared to Q3 2023[6] - Sales decline was driven by Specialty Products results, with Q3 2024 sales down ~$23 million, or more than 40%, as compared to Q3 2023[6] - Adjusted earnings per share were $0.43, a decrease of $0.20 compared to Q3 2023[6] - Net income was $17.7 million, a decrease of $8.4 million compared to Q3 2023[6] Segment Performance - TriMas Packaging net sales increased to $130.2 million in Q3 2024 from $116.5 million in Q3 2023, representing a 12.3% organic growth[6, 12] - TriMas Aerospace net sales increased to $70.8 million in Q3 2024 from $67.6 million in Q3 2023, representing a 4.8% increase[6, 16] - Specialty Products net sales decreased to $28.3 million in Q3 2024 from $51.3 million in Q3 2023, representing a decrease of more than 40%[6] - Specialty Products Adjusted EBITDA margins improving by 670 basis points sequentially[4] Balance Sheet and Capital Allocation - Net debt was under $400 million at the end of Q3 2024[10] - Quarterly free cash flow was $15.4 million[9] - The company repurchased 99,130 shares in the quarter, bringing total year-to-date share repurchases to 771,067 shares, for a net reduction of 1.6% shares outstanding through the end of Q3 2024[4] 2024 Outlook - TriMas Packaging anticipates sales growth of 9% to 10% and Adjusted EBITDA Margin % of 21% to 23%[13] - TriMas Aerospace anticipates sales growth of 18% to 22% and Adjusted EBITDA Margin % of 18% to 19%[17] - Specialty Products anticipates sales growth of -30% to -25% and Adj EBITDA Margin % of 10% to 14%[22]

TRIMAS REPORTS THIRD QUARTER 2024 RESULTS Continued Organic Sales Growth in its Two Largest Segments BLOOMFIELD HILLS, Michigan, November 4, 2024 - 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 impa ...

It has been about a month since the last earnings report for TriMas (TRS) . Shares have added about 1.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is TriMas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. TriMas Q2 Earnings Miss Estimates, Revenues Rise Y/Y TriM ...

TriMas Corporation (TRS) reported second-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 53 cents. The bottom line declined 23.2% from the prior-year quarter. Including the impacts of one-time items, the company reported an EPS of 27 cents compared with the year-ago quarter's 26 cents. The company's revenues increased 3.1% year over year to $241 million. Organic sales growth in packaging and aerospace product ...

TriMas Corporation (NASDAQ:TRS) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Sherry Lauderback - Vice President, Investor Relations Thomas Amato - President & Chief Executive Officer Scott Mell - Chief Financial Officer Conference Call Participants Ken Newman - KeyBanc Capital Markets Hamed Khorsand - BWS Financial Operator Greetings, and welcome to the TriMas Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief qu ...

Commission file number 001-10716 38505 Woodward Avenue, Suite 200 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | --- | --- | --- | --- | |-----------------------------|-------|-------------------------------|-------| | | | | | | Large accelerated filer | ☒ | Accelerated filer | ☐ | | Non-accelerated filer | ☐ | Smaller reporting company | ☐ | | | | | ☐ | Forward-Looking Statements 2 Consolidated Statement of Comprehensive Income for the Thr ...

TriMas (TRS) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -18.87%. A quarter ago, it was expected that this maker of packaging materials, aerospace components and other engineered parts would post earnings of $0.28 per share when it actually produced earnings of $0.37, delivering a ...