TriMas manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets. The Company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, plastic pail dispensers and plugs, and specialty dispensing products. The Aerospace segment offers fasteners, collars, blind bolts, rivets, and precision-machined components. The Energy segment provides metallic and nonmetallic gaskets, bolts, fasteners, and specialty products for the petrochemical, petroleum refining, oil field, water/waste water treatment, and other industrial markets. The Engineered Components segment offers steel cylinders, various natural gas powered wellhead engines, compressors, and replacement parts for use in oil and natural gas production. 

Employee Rating

2.8More
TypePublic
HQBloomfield Hills, US
Founded1986
Size (employees)4,000 (est)
Websitetrimascorp.com
TriMas was founded in 1986 and is headquartered in Bloomfield Hills, US
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Key People/Management at TriMas

Thomas Amato

Thomas Amato

Director, President and Chief Executive Officer
Richard M. Gabrys

Richard M. Gabrys

Former Vice Chairman
Nancy Gougarty

Nancy Gougarty

CEO
Eugene A. Miller

Eugene A. Miller

Former Chairman and Chief Executive Officer
Herbert K. Parker

Herbert K. Parker

Former Executive Vice President, Operational Excellence
Nick Stanage

Nick Stanage

President and Chief Executive Officer
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TriMas Office Locations

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

TriMas Revenue

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TriMas 's revenue was reported to be $817.74 m in FY, 2017 which is a 3% increase from the previous period.
USD

Revenue (Q3, 2018)

223.8m

Gross profit (Q3, 2018)

61.7m

Gross profit margin (Q3, 2018), %

27.6%

Net income (Q3, 2018)

22.7m

EBIT (Q3, 2018)

29.9m

Market capitalization (17-Dec-2018)

1.2b

Closing stock price (17-Dec-2018)

27.3

Cash (30-Sep-2018)

79.6m

EV

1.5b
TriMas 's current market capitalization is $1.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4b1.5b864.0m794.0m817.7m

Revenue growth, %

7%(42%)(8%)3%

Cost of goods sold

1.0b1.1b627.9m583.5m598.6m

Gross profit

353.4m384.9m236.1m210.5m219.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

355.6m367.7m404.0m380.1m366.5m224.9m222.2m202.9m203.3m202.3m199.8m213.4m209.3m217.1m442.0m223.8m

Cost of goods sold

261.5m271.2m294.2m282.1m268.3m163.2m159.7m147.0m146.2m144.2m148.1m154.0m150.5m156.7m316.9m162.1m

Gross profit

94.2m96.6m109.8m98.1m98.2m61.7m62.5m55.9m57.1m58.1m51.8m59.4m58.8m60.4m125.2m61.7m

Gross profit Margin, %

26%26%27%26%27%27%28%28%28%29%26%28%28%28%28%28%
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

27.0m19.5m20.7m27.6m

Accounts Receivable

112.2m

Prepaid Expenses

16.1m

Inventories

270.7m167.4m160.5m155.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

80.1m69.3m(33.4m)(39.8m)31.0m

Depreciation and Amortization

50.6m56.5m43.5m44.9m46.9m

Inventories

(11.0m)(7.5m)4.4m

Accounts Payable

7.8m14.1m(29.5m)(18.1m)3.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

71.8m19.4m45.6m67.8m14.0m15.7m27.4m8.3m18.8m27.6m7.0m21.8m35.0m24.3m43.9m66.6m

Depreciation and Amortization

36.6m13.5m27.3m40.8m14.8m21.4m32.2m11.0m22.2m33.0m10.8m23.0m33.8m11.2m22.6m33.2m

Inventories

(4.6m)(580.0k)(840.0k)(10.7m)

Accounts Payable

(1.9m)(8.5m)(15.5m)
USDY, 2018

EV/EBIT

49 x

EV/CFO

17.6 x

EV/FCF

21.8 x

Financial Leverage

1.8 x
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TriMas Revenue Breakdown

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TriMas revenue breakdown by business segment: 15.6% from Engineered Components, 19.8% from Energy, 22.5% from Aerospace and 42.1% from Packaging

TriMas revenue breakdown by geographic segment: 14.0% from Non-U.S. and 86.0% from U.S.

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TriMas News and Updates

TriMas Announces Appointment of Jeff Greene to Board of Directors

BLOOMFIELD HILLS, Mich., Dec. 13, 2018 (GLOBE NEWSWIRE) -- TriMas (NASDAQ: TRS) announced today that its Board of Directors has appointed Jeffrey Greene as a new director. Mr. Greene currently serves as an advisor, and is the founding partner, of Orion Advisors Group, a firm specializing in suppor…

TriMas Announces Agreement to Acquire Plastic Srl

BLOOMFIELD HILLS, Mich., Nov. 19, 2018 (GLOBE NEWSWIRE) -- TriMas (NASDAQ: TRS) announced today that it has signed an agreement to acquire Plastic Srl, a privately-owned manufacturer of polymeric caps and closures for home care product applications, located in Forlì, Italy. The transaction is expe…

TriMas Reports Third Quarter 2018 Results

Delivers Solid Sales and Earnings Growth; Raises 2018 Sales and EPS Guidance

TriMas Announces Third Quarter 2018 Earnings Conference Call Date

BLOOMFIELD HILLS, Mich., Oct. 04, 2018 (GLOBE NEWSWIRE) -- TriMas (NASDAQ: TRS) announced today that it will host its third quarter 2018 earnings conference call on Tuesday, October 30, 2018. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of third quar…
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TriMas Blogs

TriMas Reports Second Quarter 2018 Results

Company Delivers Sales and Earnings Growth; Raises 2018 Sales Guidance and EPS Midpoint Download Press Release BLOOMFIELD HILLS, Michigan, August 7, 2018 - TriMas (NASDAQ: TRS) today announced financial results for the quarter ended June 30, 2018. Second Quarter 2018 Highlights Increased net sales …

TriMas’ Norris Cylinder Business Receives Favorable Trade Finding

Download Press Release BLOOMFIELD HILLS, Michigan, July 19, 2018 – TriMas (NASDAQ: TRS) today announced that the United States Department of Commerce has issued a preliminary finding to increase countervailing duties on high pressure steel cylinders imported from China, initiated at the request of T…

TriMas’ Rieke Business Introduces New Trigger Sprayer

Innovative Design Targeted for Use in E-commerce Applications Download Press Release BLOOMFIELD HILLS, Michigan, July 6, 2018 – TriMas (NASDAQ: TRS) today announced that its Rieke business has engineered a new trigger sprayer to meet rigorous testing criteria and design features for e-commerce appli…

TriMas Announces Second Quarter 2018 Earnings Conference Call Date

Download Press Release BLOOMFIELD HILLS, Michigan, June 6, 2018 – TriMas (NASDAQ: TRS) announced today that it will host its second quarter 2018 earnings conference call on Tuesday, August 7, 2018. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of second…

TriMas Company Life and Culture

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TriMas Frequently Asked Questions

  • When was TriMas founded?

    TriMas was founded in 1986.

  • Who are TriMas key executives?

    TriMas 's key executives are Thomas Amato, Richard M. Gabrys and Nancy Gougarty.

  • How many employees does TriMas have?

    TriMas has 4,000 employees.

  • What is TriMas revenue?

    Latest TriMas annual revenue is $817.7 m.

  • What is TriMas revenue per employee?

    Latest TriMas revenue per employee is $204.4 k.

  • Who are TriMas competitors?

    Competitors of TriMas include Amcor, AptarGroup and Constellium.

  • Where is TriMas headquarters?

    TriMas headquarters is located at 38505 Woodward Avenue, Suite 200, Bloomfield Hills.

  • Where are TriMas offices?

    TriMas has an office in Bloomfield Hills.

  • How many offices does TriMas have?

    TriMas has 1 office.