Last $32.23 USD
Change Today -0.53 / -1.62%
Volume 159.0K
TRS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

trimas corp (TRS) Snapshot

Open
$32.62
Previous Close
$32.76
Day High
$32.77
Day Low
$32.06
52 Week High
10/24/13 - $42.09
52 Week Low
02/20/14 - $30.73
Market Cap
1.5B
Average Volume 10 Days
192.7K
EPS TTM
$1.89
Shares Outstanding
45.3M
EX-Date
--
P/E TM
17.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for TRIMAS CORP (TRS)

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trimas corp (TRS) Details

TriMas Corporation designs, manufactures, and distributes various products for commercial, industrial, and consumer markets worldwide. Its Packaging segment offers steel and plastic closure caps, drum enclosures, rings and levers, and specialty plastic closures, as well as dispensing systems, such as foamers, pumps, and specialty sprayers to store, transport, process, and dispense products for agricultural, beverage, cosmetic, food, household products, industrial, medical, nutraceutical, personal care, and pharmaceutical markets. The company’s Energy segment provides metallic and non-metallic gaskets, bolts, industrial fasteners, and specialty products for petroleum refining, petrochemical, oil field, and industrial markets. Its Aerospace and Defense segment offers aerospace fasteners and military munitions components for the aerospace and defense industries. The company’s Engineered Components segment provides natural gas powered engines and parts, gas compressors, gas production equipment, meter runs, engine electronics, and chemical pumps for use in oil and natural gas production, as well as high-pressure and low-pressure cylinders for the transportation, storage, and dispensing of compressed gases. Its Cequent APEA and Cequent Americas segments offer custom-engineered towing, trailering, and electrical products, including trailer couplers, winches, jacks, trailer brakes and brake control solutions, lighting accessories, and roof racks for recreational vehicle, agricultural/utility, marine, automotive, and commercial trailer markets; and functional vehicle accessories and cargo management solutions, including vehicle hitches and receivers, sway controls, weight distribution and fifth-wheel hitches, hitch-mounted accessories, and other accessory components. The company sells its products through direct sales force, third-party agents, distributors, licensees, and independent sales representatives. TriMas Corporation is headquartered in Bloomfield Hills, Michigan.

6,000 Employees
Last Reported Date: 02/20/14

trimas corp (TRS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $875.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $515.6K
President of Cequent Performance Products
Total Annual Compensation: $330.9K
Chief Compliance Officer, Vice President, Gen...
Total Annual Compensation: $437.5K
Compensation as of Fiscal Year 2013.

trimas corp (TRS) Key Developments

TriMas Corporation Announces Executive Changes

On August 18, 2014, TriMas Corporation announced the retirement of Lynn Brooks, effective as of August 15, 2014, from the position of president of the Packaging Systems segment of the Company. On August 18, 2014, the Company also announced the appointment of David M. Pritchett as president of the Packaging Systems segment to succeed Mr. Brooks, effective as of such date. Brooks will remain with the company in an advisory role. Pritchett will report directly to TriMas President and Chief Executive Officer David Wathen. Brooks was appointed to his current role in 1996, and is also an executive officer of TriMas Corporation. Since joining Rieke in 1978, Brooks has served in a number of executive positions including corporate controller, vice president and general manager. Before joining Rieke, he was a Certified Public Accountant with Ernst & Young in Toledo, Ohio and Fort Wayne, Indiana. Pritchett joined Rieke in 1996 as business development director, and has held various positions of increasing responsibility, including vice president of the dispensing group, vice president of corporate development and vice president of product/business development. Prior to joining Rieke, he spent seven years at TI Group and two years at Rolls Royce Aerospace.

TriMas Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

TriMas Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $403,980,000 against $378,030,000 a year ago. Operating profit was $44,040,000 against $41,640,000 a year ago. Income from continuing operations before income tax expense was $38,690,000 against $36,400,000 a year ago. Income from continuing operations was $26,200,000 against $27,100,000 a year ago. Net income was $26,200,000 against $27,800,000 a year ago. Net income attributable to company was $26, 200,000 or $0.58 per share diluted against $26,890,000 or $0.65 per share a year ago. Net income per share was $0.58 against $0.67 per share a year ago. The company generated more than $36 million in free cash flow and is ahead of its 2013 year-to-date performance. For the six months, the company reported net sales of $771,720,000 against $715,810,000 a year ago. Operating profit was $76,630,000 against $65,380,000 a year ago. Income from continuing operations before income tax expense was $66,790,000 against $52,700,000 a year ago. Income from continuing operations was $45,580,000 against $41,140,000 a year ago. Net income was $45,580,000 against $27,800,000 a year ago. Net income attributable to company was $44,770,000 or $0.99 per share diluted against $40,070,000 or $0.99 per share a year ago. Net income per share was $0.99 against $1.01 per share a year ago. Net cash provided by operating activities, net of acquisition impact was $22,990,000 against $13,540,000 a year ago. Capital expenditures was $20,490,000 against $25,920,000 a year ago. For the year 2014, the company expects 2014 sales will increase 6% to 8% as compared to 2013. The company expects full-year 2014 diluted earnings per share to be between $2.15 and $2.25 per share, while absorbing approximately 9% higher weighted average shares outstanding for 2014 as compared to 2013 and excluding any future events that may be considered Special Items. In addition, the company expects to generate between $55 million and $65 million of free cash flow, defined as cash flow from operating activities less capital Expenditures, for 2014. The company's tax rate guidance for the year was 27% to 29%.

TriMas Mulls Acquisitions

TriMas Corporation (NasdaqGS:TRS) is seeking acquisition opportunities. TriMas continues to invest in Aerospace & Defense segment by developing and marketing highly-engineered products for aerospace applications and leveraging bolt-on acquisitions.

 

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Industry Analysis

TRS

Industry Average

Valuation TRS Industry Range
Price/Earnings 18.0x
Price/Sales 1.0x
Price/Book 2.5x
Price/Cash Flow 14.7x
TEV/Sales 0.7x
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