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 Corporation (NASDAQ: TRS) is a manufacturing company that designs and manufactures products for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. This news page aggregates company announcements, earnings updates and other disclosures that help investors and observers follow developments affecting TRS stock.
TriMas regularly issues earnings releases that detail segment performance, non‑GAAP financial measures, cash flow and capital allocation activity. These releases often highlight trends in its Packaging, Aerospace and Specialty Products groups, including sales growth, operating profit and margin changes, and updates on acquisitions or divestitures. The company also announces the timing of its quarterly earnings conference calls, providing dial‑in and webcast information for participants.
Investors can also find corporate actions and capital return news here. TriMas has announced quarterly cash dividends on TriMas Corporation stock and changes to its share repurchase authorization, including an increase in the total authorization approved by its Board of Directors. These updates explain how the company is approaching capital allocation between growth investments and shareholder returns, subject to market conditions and Board approval.
Another key category of news involves strategic portfolio decisions. In November 2025, TriMas announced that it had entered into a definitive agreement to sell its aerospace segment to an affiliate of Tinicum L.P., with funds managed by Blackstone as a minority investor. The company has indicated that, upon completion of this divestiture, it expects to be centered around a more focused packaging platform and has formed a Strategic Investment Committee to evaluate acquisitions and other options.
Leadership and governance updates, such as the appointment of a new President and Chief Executive Officer or Chief Financial Officer, are also communicated through company news. For those tracking TRS, this page provides a centralized view of TriMas’ public announcements, from operational performance to portfolio strategy and capital allocation decisions.
TriMas (NASDAQ: TRS) announced the closing of a $400 million senior unsecured notes offering on March 29, 2021. The fixed interest rate for the notes is 4.125%, with proceeds partially allocated to redeeming existing 4.875% notes due 2025. Additionally, the company amended its senior secured credit agreement to maintain $300 million in revolving loans, maturing in March 2026. President Thomas Amato emphasized that this refinancing reduces debt and enhances financial flexibility, allowing for continued strategic execution and shareholder value growth.
TriMas has priced its offering of $400 million in senior unsecured notes due 2029, with an interest rate of 4.125%. The offering is expected to close on March 29, 2021, pending customary conditions. Proceeds will be used to redeem outstanding 4.875% senior unsecured notes due 2025, with any remaining funds allocated for general corporate purposes. The offering is exempt from registration under the Securities Act and limited to qualified institutional buyers and certain non-U.S. persons.
TriMas Corporation (NASDAQ: TRS) has announced a $350 million offering of senior unsecured notes due 2029. The funds will be used to redeem existing 4.875% unsecured notes due 2025, with remaining proceeds allocated for general corporate purposes. The offering is exempt from registration under the Securities Act, targeting qualified institutional buyers and certain non-U.S. persons. This announcement does not constitute an offer to sell the notes or a notice of redemption for existing notes.
TriMas (NASDAQ: TRS) has announced the departure of Joshua Sherbin, Senior Vice President, General Counsel, and Chief Compliance Officer, after a 16-year tenure. Sherbin played a crucial role in guiding the company through acquisitions, divestitures, and governance matters, especially during the pandemic. His official duties will end on March 5, 2021, though he will remain with TriMas until May 11, 2021, for transitional support. Jodi Robin will act as interim General Counsel during the restructuring of the legal department.
TriMas reported a 10.1% increase in Q4 sales to $188.2 million and a 6.4% rise in full-year sales to $770 million, driven by its Packaging segment. Q4 diluted EPS rose 80% to $0.54, while adjusted EPS was $0.38, an 18.3% increase. Despite operational challenges, TriMas generated $127.4 million in operating cash flow for the year. The company ended 2020 with $312.3 million in cash and a leverage ratio of 1.8x. TriMas experienced a significant operating loss of $88.3 million due to impairment charges in Aerospace. For Q1 2021, sales growth is projected between 4% to 9% with adjusted EPS expected at $0.34 to $0.39.
TriMas (NASDAQ: TRS) will host its fourth quarter and full year 2020 earnings conference call on February 25, 2021, starting at 10 a.m. ET, following the earnings release at 8 a.m. The call can be accessed via phone at (800) 353-6461 or through a live webcast on the company’s website. A replay will be available from February 25 at 3 p.m. ET until March 4 at 3 p.m. ET. TriMas is a global manufacturer focused on consumer products, aerospace, and industrial markets, operating in 11 countries with approximately 3,500 employees.
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TriMas has successfully completed the acquisition of Affaba & Ferrari, enhancing its Rieke business and packaging group. This strategic move expands TriMas' food & beverage and industrial product offerings, adding innovative caps and closures aimed at consumer goods and industrial clients. Affaba & Ferrari, based in Italy, is projected to generate approximately €32 million in revenue for fiscal year 2020. The acquisition will be primarily funded through existing cash and lines of credit, maintaining a net debt to EBITDA ratio below 2.0x, sustaining TriMas' strong financial health.
TriMas (NASDAQ: TRS) reported a 5.9% increase in third quarter net sales, reaching $199.5 million, attributed to strong performance in its Packaging group. The company generated $48.3 million in cash from operations, a 73.4% rise year-over-year. However, it faced challenges, including a $134.6 million impairment charge in its Aerospace segment, leading to an operating loss of $108.3 million. Adjusted operating profit improved by 20.1% to $29.6 million. TriMas anticipates a full-year sales increase of 4% to 6% and adjusted earnings per share of $1.45 to $1.50.
TriMas (NASDAQ: TRS) has announced its agreement to acquire Affaba & Ferrari Srl, a leading designer and manufacturer of precision caps and closures, enhancing its packaging segment. Expected to close by year-end, this acquisition will bolster TriMas' offerings in the food & beverage and industrial sectors, adding proprietary designs and advanced production capabilities. Affaba & Ferrari, founded in 1949, is projected to generate around €32 million in revenue for 2020, bringing valuable certifications and blue-chip customers to TriMas.