$1.3 B

TRS Mkt cap, 17-Jan-2019

$223.8 M

TriMas Revenue Q3, 2018
TriMas Gross profit (Q3, 2018)61.7 M
TriMas Gross profit margin (Q3, 2018), %27.6%
TriMas Net income (Q3, 2018)22.7 M
TriMas EBIT (Q3, 2018)29.9 M
TriMas Cash, 30-Sep-201879.6 M
TriMas EV1.5 B

TriMas Revenue

TriMas revenue was $817.74 m in FY, 2017 which is a 3% year over year increase from the previous period.

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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.

TriMas Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

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

Cost of goods sold

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

Gross profit

353.4m384.9m236.1m210.5m219.1m

Gross profit Margin, %

25%26%27%27%27%

General and administrative expense

153.7m129.6m

Operating expense total

153.7m130.7m

EBIT

120.5m124.6m(4.2m)(44.0m)88.5m

EBIT margin, %

9%8%0%(6%)11%

Interest expense

18.3m15.0m14.1m13.7m14.4m

Pre tax profit

(58.2m)66.2m

Income tax expense

(18.4m)(32.9m)(6.5m)18.4m35.3m

Net Income

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

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%

General and administrative expense

61.2m64.0m65.7m65.5m70.7m42.5m40.9m39.5m38.4m40.3m36.0m33.2m30.7m25.2m58.4m31.8m

Operating expense total

61.2m64.0m65.7m65.5m70.7m42.5m40.9m39.5m38.4m40.3m36.0m33.2m30.7m25.2m58.4m31.8m

EBIT

43.3m32.6m44.0m32.3m27.5m19.2m21.6m16.5m18.7m17.8m15.7m26.3m28.1m35.2m66.7m29.9m

EBIT margin, %

12%9%11%8%8%9%10%8%9%9%8%12%13%16%15%13%

Interest expense

5.6m3.5m3.4m3.4m4.7m3.7m3.4m3.4m3.3m3.5m3.6m3.4m3.4m3.7m7.2m3.5m

Pre tax profit

28.1m38.7m26.5m20.3m11.6m22.9m17.9m31.0m56.8m26.8m

Income tax expense

(10.1m)(8.7m)(12.5m)(8.1m)(6.3m)(4.7m)(5.7m)(4.6m)(5.0m)(5.3m)(4.6m)(8.0m)(4.8m)(6.6m)(12.9m)(4.1m)

Net Income

30.0m19.4m26.2m22.2m14.0m1.7m11.7m8.3m10.5m8.8m7.0m14.9m13.1m24.3m43.9m22.7m

TriMas Balance Sheet

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

Current Assets

515.0m326.6m308.8m311.3m

PP&E

206.2m181.1m179.2m190.3m

Goodwill

309.7m378.9m315.1m319.4m

Total Assets

1.3b1.2b1.1b1.0b

Accounts Payable

166.1m88.4m72.3m72.4m

Current Liabilities

261.5m152.8m133.3m121.9m

Long-term debt

295.5m405.8m360.8m303.1m

Total Debt

295.5m405.8m360.8m303.1m

Total Liabilities

721.9m623.1m551.9m489.2m

Common Stock

460.0k

Additional Paid-in Capital

816.5m812.2m817.6m823.9m

Retained Earnings

(295.3m)(254.1m)(293.9m)(263.0m)

Total Equity

549.4m547.2m499.7m544.0m

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.4 x2.1 x2.1 x1.9 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

31.8m38.4m30.1m26.2m22.5m25.4m23.7m22.6m22.6m22.7m24.8m36.7m53.4m79.6m

Inventories

269.9m261.0m262.8m179.7m176.4m167.3m165.8m171.3m159.0m156.3m160.2m156.6m160.7m165.5m

Current Assets

566.2m582.8m552.2m388.9m380.1m334.4m321.5m331.8m308.9m312.6m319.2m332.9m353.5m386.1m

PP&E

208.4m212.1m214.6m177.0m174.3m179.7m178.7m182.0m184.0m183.8m185.8m188.4m187.1m185.1m

Goodwill

310.7m312.3m321.6m457.7m455.4m379.3m377.4m377.4m316.1m317.9m318.7m320.2m317.7m316.7m

Total Assets

1.3b1.4b1.3b1.3b1.3b1.2b1.2b1.2b1.1b1.1b1.1b1.0b1.1b1.1b

Accounts Payable

159.5m175.3m166.2m106.4m84.1m75.1m77.8m76.1m76.9m77.1m77.7m73.0m81.0m77.8m

Current Liabilities

253.7m269.3m263.5m176.7m159.8m130.8m133.3m135.9m131.5m133.0m119.3m117.7m126.0m128.0m

Long-term debt

384.2m353.9m329.7m453.5m445.6m424.0m392.5m388.6m353.1m332.7m336.6m301.7m293.0m293.3m

Total Debt

384.2m353.9m329.7m453.5m445.6m424.0m392.5m388.6m353.1m332.7m336.6m301.7m293.0m293.3m

Total Liabilities

794.1m778.4m740.5m732.9m705.1m620.9m592.0m591.4m542.8m524.7m506.4m479.4m468.2m469.1m

Additional Paid-in Capital

801.0m803.5m806.0m808.5m810.2m812.9m815.1m815.9m818.6m820.4m822.2m822.8m821.2m822.3m

Retained Earnings

(276.7m)(250.5m)(228.3m)(205.0m)(193.3m)(245.8m)(235.3m)(226.6m)(286.9m)(272.1m)(258.9m)(238.6m)(219.0m)(196.4m)

Total Equity

554.9m586.3m600.7m602.1m607.9m550.7m558.2m567.0m510.1m528.5m547.0m565.8m585.7m607.5m

Debt to Equity Ratio

0.5 x0.5 x

Debt to Assets Ratio

0.3 x0.3 x

Financial Leverage

2.4 x2.3 x2.2 x2.2 x2.2 x2.1 x2.1 x2 x2.1 x2 x1.9 x1.8 x1.8 x1.8 x

TriMas Cash Flow

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

Accounts Receivable

1.2m

Inventories

(11.0m)(7.5m)4.4m

Accounts Payable

7.8m14.1m(29.5m)(18.1m)3.6m

Cash From Operating Activities

80.5m120.1m

Cash From Investing Activities

(130.3m)(410.1m)(39.5m)(31.1m)(32.3m)

Long-term Borrowings

(775.2m)

Cash From Financing Activities

49.2m284.1m(28.0m)(48.1m)(80.8m)

Net Change in Cash

6.9m

Interest Paid

16.8m10.9m15.2m11.8m9.4m

Income Taxes Paid

37.7m41.1m30.6m17.2m16.2m

Free Cash Flow

49.1m83.3m

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)

Cash From Operating Activities

(23.3m)6.5m32.9m46.4m22.0m49.6m72.7m16.2m51.6m83.1m

Cash From Investing Activities

(8.8m)(20.2m)(48.3m)(7.4m)(14.7m)(21.2m)(5.9m)(12.8m)(22.3m)(10.7m)(15.1m)(22.3m)(2.9m)(11.1m)(15.6m)

Cash From Financing Activities

227.9m38.3m8.6m(13.5m)30.0m10.0m4.5m15.2m(15.9m)(21.0m)(9.3m)(32.5m)(46.3m)(4.2m)(14.7m)(15.4m)

Interest Paid

12.6m3.0m5.6m8.0m4.7m9.7m12.3m3.0m5.9m8.9m3.1m6.1m9.0m470.0k7.6m7.8m

Income Taxes Paid

29.9m2.7m10.7m25.6m8.3m17.4m22.3m1.8m3.2m9.1m1.2m10.6m13.1m970.0k3.2m5.0m

Free Cash Flow

(31.3m)(6.4m)20.0m24.0m11.2m32.7m48.5m13.1m40.3m67.2m

TriMas Ratios

USDY, 2018

EV/EBIT

49.9 x

EV/CFO

17.9 x

EV/FCF

22.2 x

Financial Leverage

1.8 x
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TriMas Employee Rating

2.817 votes
Culture & Values
2.3
Work/Life Balance
2.7
Senior Management
2.2
Salary & Benefits
2.9
Career Opportunities
2.3
Source