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, MI, US
Websitetrimascorp.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2020)3,200(-8%)
Job Openings2
Revenue (FY, 2020)$770 M(+7%)
Share Price (Sept 2021)$30.9
Cybersecurity ratingAMore

Key People/Management at TriMas

Scott Mell

Scott Mell

Chief Financial Officer
Jodi Robin

Jodi Robin

General Counsel
Sherry Lauderback

Sherry Lauderback

VP, Investor Relations and Communications
Herbert K. Parker

Herbert K. Parker

Director
Samuel Valenti

Samuel Valenti

Chairman
Fabio Salik

Fabio Salik

President - TriMas Packaging
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TriMas Office Locations

TriMas has an office in Bloomfield Hills
Bloomfield Hills, MI, 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 $769.97 m in FY, 2020
USD

Revenue (Q1, 2021)

206.7m

Gross profit (Q1, 2021)

51.3m

Gross profit margin (Q1, 2021), %

24.8%

Net income (Q1, 2021)

13.1m

EBIT (Q1, 2021)

21.1m

Market capitalization (8-Sept-2021)

1.3b

Closing stock price (8-Sept-2021)

30.9

Cash (31-Mar-2021)

421.1m

EV

1.6b
TriMas's current market capitalization is $1.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

817.7m877.1m723.5m770.0m

Revenue growth, %

3%7%(18%)

Cost of goods sold

598.6m633.0m529.6m587.9m

Gross profit

219.1m244.1m193.9m182.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

217.1m224.9m223.8m221.3m239.4m236.8m182.8m199.6m199.5m206.7m

Cost of goods sold

156.7m160.1m162.1m161.5m174.0m175.6m136.4m162.3m147.5m155.4m

Gross profit

60.4m64.8m61.7m59.8m65.4m61.2m46.4m37.2m51.9m51.3m

Gross profit Margin, %

28%29%28%27%27%26%25%19%26%25%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

27.6m108.2m172.5m74.0m

Accounts Receivable

112.2m123.1m108.9m113.4m

Prepaid Expenses

16.1m7.4m20.1m15.1m

Inventories

155.4m173.1m132.7m149.4m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

31.0m83.3m98.6m(79.8m)

Depreciation and Amortization

48.2m45.3m44.6m49.8m

Inventories

4.4m(18.7m)740.0k4.0m

Accounts Payable

3.6m4.3m(12.8m)4.5m
Quarterly
USDFY, 2017

Revenue/Employee

204.4k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x
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TriMas Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019Feb, 2020Jan, 2021

Facilities Leased (International)

1011996

Facilities Leased (US)

109998

Facilities Owned (US)

67767

Trademarks

555
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TriMas Acquisitions / Subsidiaries

Company NameDateDeal Size
RSA Engineered Products LLCJanuary 30, 2020
Taplast SpAApril 30, 2019$44.6 m
Plastic srlNovember 19, 2018$22.4 m
HammerBlow Towing SystemsJanuary 31, 2003
Allfast Fastening Systems, LLC
Monogram Aerospace Fasteners, Inc.
Norris Cylinder Company
Rieke Corporation

TriMas Revenue Breakdown

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TriMas revenue breakdown by business segment: 23.0% from Specialty Products, 22.8% from Aerospace and 54.2% from Packaging

TriMas revenue breakdown by geographic segment: 76.2% from U.S., 17.0% from Non-U.S. and 6.8% from Other

TriMas Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

TriMas Online and Social Media Presence

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TriMas Blogs

TriMas Reports Second Quarter 2021 Results

TriMas' Packaging Group Posts Record Quarterly Sales and Operating Profit Provides Full Year 2021 Outlook BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)--Jul. 29, 2021-- TriMas (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2021 .

TriMas Packaging Pioneers Fully Recyclable, Single Material Dispenser Pumps

TriMas Packaging Pioneers Fully Recyclable, Single Material Dispenser Pumps Content Import Tue, 07/20/2021 - 09:06 TriMas Packaging Pioneers Fully Recyclable, Single Material Dispenser Pumps Jul 20, 2021 This release is a backfill from a News Wire …

TriMas Packaging Continues to Invest in Sustainable Growth

TriMas Packaging Continues to Invest in Sustainable Growth Content Import Tue, 07/13/2021 - 08:01 TriMas Packaging Continues to Invest in Sustainable Growth Jul 13, 2021 This release is a backfill from a News Wire General Rieke Expan…

TriMas Announces Second Quarter 2021 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)--Jul. 7, 2021-- TriMas (NASDAQ: TRS) announced today that it will host its second quarter 2021 earnings conference call on Thursday, July 29, 2021 . The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of second

TriMas’ Norris Cylinder Achieves “Made in the USA” Designation

TriMas’ Norris Cylinder Achieves “Made in the USA” Designation Content Import Mon, 06/21/2021 - 10:01 TriMas’ Norris Cylinder Achieves “Made in the USA” Designation Jun 21, 2021 This release is a backfill from a News Wire General Nor…

TriMas Appoints Jodi Robin to General Counsel; Hires Dana Pierre-Louis to Oversee Compliance Matters

BLOOMFIELD HILLS, Mich. --(BUSINESS WIRE)--May 13, 2021-- TriMas (NASDAQ: TRS) today announced the appointment of Jodi Robin to TriMas General Counsel, effective May 6, 2021 . In this position, Ms. Robin will report directly to Thomas Amato , TriMas’ President and Chief Executive Officer.
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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 Scott Mell, Jodi Robin and Sherry Lauderback.

  • How many employees does TriMas have?

    TriMas has 3,200 employees.

  • What is TriMas revenue?

    Latest TriMas annual revenue is $770 m.

  • What is TriMas revenue per employee?

    Latest TriMas revenue per employee is $240.6 k.

  • Who are TriMas competitors?

    Competitors of TriMas include AECC Aero-Engine Control, Amcor and Worthington Industries.

  • 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.