OverviewSuggest Edit

TriMas is a diversified global manufacturer and provider of products for customers in the consumer products, aerospace, industrial, petrochemical, and oil and gas markets. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment develops and manufactures specialty dispensing and closure applications for the health, beauty and home care, food and beverage, and industrial markets. The Aerospace segment designs, qualifies, and manufactures precision fasteners for commercial aircraft companies, distributors, suppliers, and military clients. The Specialty Products segment designs, manufactures, and distributes high-pressure and low-pressure steel cylinders, industrial sealing and fastener products, natural gas-powered engines and gas compressors primarily for the oil and gas markets, as well as precision machined components for the aerospace market.

TypePublic
Founded1989
HQBloomfield Hills, US
Websitetrimascorp.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Dec 2019)3,500(-12%)
Job Openings2
Revenue (FY, 2019)$723.5 M(-17%)
Share Price (Oct 2020)$25.5 (+2%)
Cybersecurity ratingAMore

Key People/Management at TriMas

Thomas A. Amato

Thomas A. Amato

Director, President and Chief Executive Officer
Robert Zalupski

Robert Zalupski

Chief Financial Officer
Joshua Sherbin

Joshua Sherbin

SVP, General Counsel and Chief Compliance Officer
Sherry Lauderback

Sherry Lauderback

VP, Investor Relations and Communications
Herbert K. Parker

Herbert K. Parker

Director
Samuel Valenti

Samuel Valenti

Chairman
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TriMas Office Locations

TriMas has an office in Bloomfield Hills
Bloomfield Hills, US (HQ)
38505 Woodward Ave #200
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TriMas Financials and Metrics

TriMas Revenue

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TriMas's revenue was reported to be $723.53 m in FY, 2019 which is a 17.5% decrease from the previous period.
USD

Revenue (Q2, 2020)

199.6m

Gross profit (Q2, 2020)

37.2m

Gross profit margin (Q2, 2020), %

18.7%

Net income (Q2, 2020)

(15.7m)

EBIT (Q2, 2020)

(18.1m)

Market capitalization (23-Oct-2020)

1.2b

Closing stock price (23-Oct-2020)

25.5

Cash (30-Jun-2020)

65.3m

EV

1.4b
TriMas's current market capitalization is $1.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

794.0m817.7m877.1m723.5m

Revenue growth, %

(8%)3%7%(18%)

Cost of goods sold

583.5m598.6m633.0m529.6m

Gross profit

210.5m219.1m244.1m193.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

199.8m213.4m209.3m217.1m224.9m223.8m221.3m239.4m236.8m182.8m199.6m

Cost of goods sold

148.1m154.0m150.5m156.7m160.1m162.1m161.5m174.0m175.6m136.4m162.3m

Gross profit

51.8m59.4m58.8m60.4m64.8m61.7m59.8m65.4m61.2m46.4m37.2m

Gross profit Margin, %

26%28%28%28%29%28%27%27%26%25%19%
Annual
USDFY, 2016FY, 2018FY, 2018FY, 2019

Cash

20.7m27.6m108.2m172.5m

Accounts Receivable

111.6m112.2m123.1m108.9m

Prepaid Expenses

16.1m16.1m7.4m20.1m

Inventories

160.5m155.4m173.1m132.7m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(39.8m)31.0m83.3m98.6m

Depreciation and Amortization

44.9m46.9m44.0m43.5m

Inventories

5.2m4.4m(18.7m)740.0k

Accounts Payable

(18.1m)3.6m4.3m(12.8m)
USDFY, 2016

Revenue/Employee

198.5k

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x
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TriMas Operating Metrics

FY, 2015FY, 2016FY, 2017Feb, 2020

Facilities Leased (International)

10 11 9

Facilities Leased (US)

10 9 9

Facilities Owned (US)

6 7 7

Trademarks

5 5
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TriMas Acquisitions / Subsidiaries

Company NameDateDeal Size
RSA Engineered Products LLCJanuary 30, 2020
Taplast SpAApril 30, 2019$44.60 m
Plastic srlNovember 19, 2018$22.40 m
HammerBlow Towing SystemsJanuary 31, 2003
Allfast Fastening Systems, LLC
Arrow Engine Company
Lamons Gasket Company
Monogram Aerospace Fasteners, Inc.
Norris Cylinder Company
Rieke Corporation

TriMas Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

TriMas Revenue Breakdown

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TriMas revenue breakdown by business segment: 36.8% from Specialty Products, 21.2% from Aerospace and 42.0% from Packaging

TriMas revenue breakdown by geographic segment: 5.1% from Asia Pacific, 7.1% from Europe, 86.1% from U.S. and 1.7% from Other

TriMas Online and Social Media Presence

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TriMas Blogs

TriMas Aerospace’s RSA Named Outstanding Supplier by Northrop Grumman

BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)--Jun. 4, 2020-- TriMas (NASDAQ: TRS) today announced that TriMas Aerospace’s RSA Engineered Products (RSA) has been selected by Northrop Grumman (NYSE: NOC) as an Outstanding Supplier supporting the OmegA rocket, which will launch national security missions

TriMas Reports First Quarter 2020 Results

TriMas Reports First Quarter 2020 Results Content Import Thu, 04/30/2020 - 08:01 TriMas Reports First Quarter 2020 Results Apr 30, 2020 This release is a backfill from a News Wire Earnings BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-…

TriMas Announces First Quarter 2020 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)--Apr. 13, 2020-- TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2020 earnings conference call on Thursday, April 30, 2020 . The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of first

TriMas Announces Increased Share Repurchase Authorization to $250 Million

BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)-- TriMas (NASDAQ: TRS) today announced that its Board of Directors increased the Company’s common stock share repurchase authorization to $250 million , adding $100 million to the previous share repurchase authorization approved in November 2019 .

TriMas Closes on Acquisition of RSA Engineered Products

TriMas Closes on Acquisition of RSA Engineered Products Content Import Mon, 03/02/2020 - 13:30 TriMas Closes on Acquisition of RSA Engineered Products Mar 2, 2020 This release is a backfill from a News Wire General BLOOMFIELD HILL…

TriMas Reports Fourth Quarter and Full Year 2019 Results

Achieves High End of EPS Guidance Range for 2019 Increases Share Repurchase Cadence; Provides 2020 Outlook BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)--Feb. 27, 2020-- TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2019 .
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TriMas Frequently Asked Questions

  • When was TriMas founded?

    TriMas was founded in 1989.

  • Who are TriMas key executives?

    TriMas's key executives are Thomas A. Amato, Robert Zalupski and Joshua Sherbin.

  • How many employees does TriMas have?

    TriMas has 3,500 employees.

  • What is TriMas revenue?

    Latest TriMas annual revenue is $723.5 m.

  • What is TriMas revenue per employee?

    Latest TriMas revenue per employee is $206.7 k.

  • Who are TriMas competitors?

    Competitors of TriMas include Worthington Industries, Berry Global and Boeing Distribution Services.

  • Where is TriMas headquarters?

    TriMas headquarters is located at 38505 Woodward Ave #200, Bloomfield Hills.

  • Where are TriMas offices?

    TriMas has an office in Bloomfield Hills.

  • How many offices does TriMas have?

    TriMas has 1 office.