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Trimas Corporation - $TRS STOCK NEWS

Welcome to our dedicated page for Trimas Corporation news (Ticker: $TRS), a resource for investors and traders seeking the latest updates and insights on Trimas Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trimas Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trimas Corporation's position in the market.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
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Rhea-AI Summary
TriMas Packaging, a subsidiary of TriMas (NASDAQ: TRS), has been honored with the Silver Award as a strategic supplier by Grupo Boticário. This award recognizes TriMas Packaging's dedication to innovation, exceptional quality, service, technical support, and delivery. The recognition highlights the company's commitment to exceeding expectations and driving the beauty packaging industry to new heights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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none
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News
Rhea-AI Summary
TriMas (TRS) announces a quarterly cash dividend of $0.04 per share, payable on May 14, 2024, to shareholders of record as of May 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.76%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
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-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
Tags
management
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.45%
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-
News
Rhea-AI Summary
TriMas (TRS) announces a quarterly cash dividend of $0.04 per share, payable on March 8, 2024, to shareholders of record.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
dividends
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
Rhea-AI Summary
TriMas (NASDAQ: TRS) to Exhibit Market-Leading Brands at Paris Packaging Week 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
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Trimas Corporation

Nasdaq:TRS

TRS Rankings

TRS Stock Data

1.07B
40.42M
1.34%
106.35%
0.61%
Gasket, Packing, and Sealing Device Manufacturing
Manufacturing
Link
United States of America
BLOOMFIELD HILLS

About TRS

we have laid the foundation for sustainable sales and earnings growth through a disciplined approach to investment and capital allocation. through selective organic growth strategies such as product innovation, market penetration and geographic expansion, and bolt-on acquisitions, we provide our customers with highly-engineered solutions in a variety of growing and markets. trimas is listed on nasdaq (ticker: trs) and has more than 50 facilities in 16 countries globally. trimas corporation is a diversified designer, manufacturer and distributor of engineered and applied products that serve a variety of industrial, commercial and consumer end markets worldwide. trimas provides its customers with outstanding products and services that reflect the company's commitment to market leadership, innovation and operational excellence.