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) reported its Q4 and full year 2024 results, with quarterly net sales of $228.1 million, up 8.8% year-over-year. The company achieved significant growth in its Aerospace segment (+22.3%) and Packaging segment (+8.4%) during Q4.
Q4 2024 adjusted net income increased 10.8% to $17.5 million, with adjusted EPS of $0.43, up 13.2%. Full year 2024 sales reached $925.0 million, a 3.5% increase, while adjusted net income was $67.7 million with adjusted EPS of $1.65.
The company maintained strong financial position with $23.1 million cash on hand and $239.8 million in available credit. During 2024, TriMas repurchased 771,067 shares for $19.3 million and paid quarterly dividends. For 2025, TriMas expects 4-6% sales growth and adjusted EPS of $1.70-$1.85.
TriMas Aerospace (NASDAQ: TRS) has secured a significant multi-year global contract with Airbus, expanding its existing contract scope across all fastener business units. The agreement covers multiple Airbus civil and military platforms, including the A320, A350, and A220.
The contract encompasses next-generation fastening solutions and newly qualified products designed for robotic assembly processes. Manufacturing will take place in TriMas' facilities in Commerce and City of Industry, California, and Ottawa, Kansas.
The expanded partnership strengthens TriMas Aerospace's position in the global Airbus supply chain, with the company continuing to invest in state-of-the-art manufacturing equipment and advanced processes to enhance capabilities in aerospace fastening technology.
TriMas (NASDAQ: TRS) has announced a quarterly cash dividend of $0.04 per share of TriMas stock.
The dividend is payable on March 7, 2025, to shareholders of record as of the close of business on February 28, 2025.
TriMas manufactures a diverse set of products for the consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups. The company employs approximately 3,400 people across 13 countries and operates under a unified set of values and strategic priorities known as the TriMas Business Model.
For more information, please visit www.trimas.com.
TriMas (NASDAQ: TRS) has completed the acquisition of GMT Aerospace, a German-based manufacturer of tie-rods and rubber-metal anti-vibration systems for commercial and military aerospace applications. GMT Aerospace, which generated approximately €22 million in revenue in fiscal year 2024, will be integrated into the TriMas Aerospace group.
The acquisition strengthens TriMas Aerospace's manufacturing presence in Europe and enhances its relationships with key European aerospace and defense Tier 1 suppliers and OEMs. GMT Aerospace, established in 2006, serves OEMs, Tier 1 suppliers, and MRO providers with highly-engineered products and advanced design capabilities.
TriMas (NASDAQ: TRS) has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Sedaghat, who brings over four decades of global business experience in the packaging industry, will serve as a Class III director and join the Governance and Nominating Committee. This appointment expands the TriMas Board to nine directors, with eight being independent.
The appointment follows TriMas' proactive approach to board refreshment, including the recent appointment of Herbert K. Parker as independent Chairman in 2024. Sedaghat's extensive background includes founding SEDA Specialty Packaging Corp., serving as CEO of PKG Group, , and founding Gotha Cosmetics S.R.L. He currently serves as Chairman of Trend International Holding AG.
TriMas, headquartered in Bloomfield Hills, Michigan, manufactures products for consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups, employing approximately 3,400 people across 13 countries.
TriMas (NASDAQ: TRS) has announced ongoing strategic actions to streamline and optimize its business portfolio to enhance shareholder value. The company recently completed the sale of its Arrow Engine business on January 31, 2025, marking its exit from the oil and gas market. TriMas has engaged PJT Partners and Bank of America as financial advisors to assess additional portfolio optimization options.
The company's Board of Directors and management team have been actively engaging with shareholders over the past year to gather perspectives on portfolio streamlining, continuous improvement, and capital return strategies. TriMas operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products, employing approximately 3,400 people across 13 countries.
TriMas (NASDAQ: TRS) has sold its subsidiary Arrow Engine Company to IES Infrastructure Solutions , a division of IES Holdings, Inc. (NASDAQ: IESC). Arrow Engine, based in Tulsa, Oklahoma, specializes in natural gas-powered engines, compressors, and replacement parts for oil and gas production and industrial markets.
Arrow Engine's products are primarily distributed throughout the United States and Canada through a worldwide distribution network. The company manufactures its own engine line and provides spare parts for various industrial engines. The acquisition aligns with IES Holdings' portfolio, which includes electrical and technology systems installation and infrastructure services across various end markets including data centers, residential housing, and commercial facilities.
TriMas (NASDAQ: TRS) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Thursday, February 27, 2025. The company will release its earnings results at 8 a.m. Eastern Time, followed by the conference call at 10 a.m.
The call will be accessible via phone at (877) 407-0890 for U.S. and Canada, or +1 (201) 389-0918 for international participants. A simultaneous webcast will be available on TriMas' website with accompanying slides. A replay will be available from February 27 at 3 p.m. through March 13.
TriMas operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products. The company employs approximately 3,400 people across 13 countries, serving consumer products, aerospace, and industrial markets.
TriMas (NASDAQ: TRS) has completed the sale of its Arrow Engine business to IES Infrastructure Solutions , a division of IES Holdings, Inc. (NASDAQ: IESC), marking its exit from the oil and gas market sector. The transaction closed on January 31, 2025.
Arrow Engine, founded in 1955, is a provider of natural gas-powered engines and replacement parts for oil field applications, with an estimated 2024 revenue of approximately $20 million. The business primarily serves the United States and Canada through its worldwide distribution network.
Following the sale, Arrow Engine will operate under IES's Infrastructure Solutions segment while maintaining the Arrow name. The 2025 segment reporting for TriMas's Specialty Products will now only include Norris Cylinder's financial performance, along with one month of Arrow Engine's results.
TriMas Packaging (NASDAQ: TRS) has maintained its Gold level rating from EcoVadis for Environmental, Social and Governance (ESG) initiatives, positioning its U.S.-based sites (Rieke ) in the top 5% of over 130,000 globally assessed companies.
The EcoVadis assessment evaluates 21 criteria across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The methodology aligns with international sustainability standards, including the UN Global Compact, ILO conventions, GRI standards, and ISO 26000.
TriMas Packaging, with approximately 2,200 employees across 26 locations worldwide, serves various markets including beauty and personal care, food and beverage, home care, pharmaceutical, and industrial sectors. The company operates through market-leading brands such as Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl, and Aarts Packaging, focusing on dispensing, closure, and flexible packaging solutions.
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