TriMas is a global manufacturer and provider of products for customers primarily in the consumer products, aerospace and industrial markets, with approximately 3,500 dedicated employees in 11 countries. We provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the end markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol "TRS," and is headquartered inBloomfield Hills, Michigan.

Company profile
Ticker
TRS
Exchange
Website
CEO
Thomas Amato
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Allfast Fastening Systems, LLC (California limited • Monogram Aerospace Fasteners, Inc. • Norris Cylinder Company • Rieke Corporation ...
IRS number
382687639
TRS stock data
Press releases
TriMas Aerospace Receives Supplier Performance Recognition From Boeing
2 Aug 22
TriMas Reports Second Quarter 2022 Results
28 Jul 22
TriMas Announces Second Quarter 2022 Earnings Conference Call Date
7 Jul 22
TriMas Aerospace Awarded Boeing T-7A Defense Contract
8 Jun 22
TriMas Packaging Wins New Business Awards
2 Jun 22
Calendar
28 Jul 22
20 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 49.09M | 49.09M | 49.09M | 49.09M | 49.09M | 49.09M |
Cash burn (monthly) | 3.24M | 5.69M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 5.46M | 9.59M | n/a | n/a | n/a | n/a |
Cash remaining | 43.63M | 39.5M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 13.5 | 6.9 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Aug 22 | Daniel P Tredwell | Common Stock | Acquire L | No | No | 28.279 | 4.272 | 120.81 | 43,198.641 | |
1 Aug 22 | Fabio Leandro Matheus Salik | Common Stock | Payment of exercise | Dispose F | No | No | 29.94 | 1,331 | 39.85K | 17,756 |
1 Jul 22 | Scott A Mell | Common Stock | Payment of exercise | Dispose F | No | No | 27.95 | 1,417 | 39.61K | 22,301 |
7 Jun 22 | John Philip Schaefer | Common Stock | Sell | Dispose S | No | No | 29.91 | 6,800 | 203.39K | 11,087 |
10 May 22 | Daniel P Tredwell | Common Stock | Acquire L | No | No | 27.613 | 4.369 | 120.64 | 43,194.369 | |
29 Apr 22 | John Philip Schaefer | Common Stock | Payment of exercise | Dispose F | No | No | 29.54 | 1,243 | 36.72K | 17,887 |
29 Apr 22 | John Philip Schaefer | Common Stock | Grant | Acquire A | No | No | 0 | 2,378 | 0 | 19,130 |
Institutional ownership, Q2 2022
46.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 139 |
Opened positions | 18 |
Closed positions | 13 |
Increased positions | 42 |
Reduced positions | 48 |
13F shares | Current |
---|---|
Total value | 1.17B |
Total shares | 42.09M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 4.09M | $113.33M |
Champlain Investment Partners | 3.19M | $88.37M |
Wasatch Advisors | 3.05M | $84.45M |
Victory Capital Management | 3.01M | $83.22M |
Fiduciary Management | 2.91M | $80.48M |
BLK Blackrock | 2.9M | $80.36M |
Wellington Management | 2.63M | $72.87M |
Allspring Global Investments | 2.58M | $71.51M |
Dimensional Fund Advisors | 2.28M | $63.19M |
PZN Pzena Investment Management | 1.72M | $47.61M |
Financial report summary
?Risks
- The COVID-19 pandemic has had, and is expected to continue to have, a significant impact on the Company's operations and results.
- Our businesses depend upon general economic conditions and we serve some customers in highly cyclical industries; as such, we may be subject to the loss of sales and margins due to an economic downturn or recession.
- Many of the markets we serve are highly competitive, which could limit sales volumes and reduce our operating margins.
- We may be unable to successfully implement our business strategies and achieve our strategic and financial objectives.
- We have significant goodwill and intangible assets, and future impairment of our goodwill and intangible assets could have a material negative impact on our financial results.
- Increases in our raw material or energy costs or the loss of critical suppliers could adversely affect our profitability and other financial results.
- Our business may be exposed to risks associated with an increasingly concentrated customer base.
- We are dependent on our manufacturing facilities for the production of our highly engineered products, which subjects us to risks associated with disruptions and changing technology and manufacturing techniques that could place us at a competitive disadvantage.
- A major failure of our information systems could harm our business; increased IT security threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, and products.
- Our ability to deliver products that satisfy customer requirements is dependent on the performance of our subcontractors and suppliers, as well as on the availability of raw materials and other components.
- Our acquisition and disposition agreements by which we have acquired or sold companies, include indemnification provisions that may not fully protect us and may result in unexpected liabilities.
- We could be negatively impacted by stakeholder and market focus on ESG matters.
- Significant developments from the recent and potential changes in U.S. trade policies could have a material adverse effect on us and our financial condition and results of operations.
- Compliance with and changes in tax laws, including tax reform legislation in the United States, could materially and adversely impact our financial condition, results of operations and cash flows.
- We may face liability associated with the use of products for which patent ownership or other intellectual property rights are claimed.
- We may be unable to adequately protect our intellectual property.
- We may incur material losses and costs as a result of product liability, recall and warranty claims brought against us.
- Our business may be materially and adversely affected by compliance obligations and liabilities under environmental laws and regulations, including related to climate change.
- Our reputation, ability to do business, and results of operations may be impaired by legal compliance risks.
- We have debt principal and interest payment requirements that may restrict our future operations and impair our ability to meet our obligations.
- Our borrowing costs may be impacted by our credit ratings developed by various rating agencies.
- We have significant operating lease obligations and our failure to meet those obligations could adversely affect our financial condition.
- We depend on the services of key individuals and relationships, the loss of which could materially harm us.
- We may be subject to further unionization and work stoppages at our facilities or our customers may be subject to work stoppages, which could seriously impact the profitability of our business.
- Healthcare costs for active employees may exceed projections and may negatively affect our financial results.
Management Discussion
- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
- TriMas designs, develops and manufactures a diverse set of products primarily for the consumer products, aerospace & defense and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our wide range of innovative products are designed and engineered to solve application-specific challenges that our customers face. We believe our businesses share important and distinguishing characteristics, including: well-recognized and leading brand names in the focused markets we serve; innovative product technologies and features; a high-degree of customer approved processes and qualifications; established distribution networks; relatively low ongoing capital investment requirements; strong cash flow conversion and long-term growth opportunities. While the majority of our revenue is in the United States, we manufacture and supply products globally to a wide range of companies. We report our business activity in three segments: Packaging, Aerospace and Specialty Products.
- Our businesses and results of operations depend upon general economic conditions. We serve customers in industries that are highly competitive, cyclical and that may be significantly impacted by changes in economic or geopolitical conditions.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. senior Avg
|
New words:
absorb, August, ease, freight, led, wage
Removed:
ample, assigned, leveraging, line
Financial reports
Current reports
8-K
Trimas Reports Second Quarter 2022 Results
28 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
11 May 22
8-K
Trimas Reports First Quarter 2022 Results
28 Apr 22
8-K
Trimas Reports Fourth Quarter and Full Year 2021 Results
1 Mar 22
8-K
Trimas Reports Third Quarter 2021 Results
28 Oct 21
8-K
Departure of Directors or Certain Officers
11 Aug 21
8-K
Trimas Reports Second Quarter 2021 Results
29 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
12 May 21
8-K
Trimas Reports First Quarter 2021 Results
29 Apr 21
8-K
Trimas Announces Closing of Debt Refinancing
30 Mar 21
Registration and prospectus
S-8
Registration of securities for employees
20 Jun 17
FWP
Free writing prospectus
27 May 15
424B5
Prospectus supplement for primary offering
10 Sep 13
424B5
Prospectus supplement for primary offering
8 Sep 13
S-8
Registration of securities for employees
15 Aug 13
S-8
Registration of securities for employees
15 Aug 13
424B3
Prospectus supplement
31 Jul 13
424B3
Prospectus supplement
28 Feb 13
424B3
Prospectus supplement
15 Aug 12
424B5
Prospectus supplement for primary offering
3 May 12
Other
SD
Conflict minerals disclosure
26 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
2 Aug 17
CORRESP
Correspondence with SEC
20 Jul 17
UPLOAD
Letter from SEC
29 Jun 17
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
26 May 16
Ownership
4
TRIMAS / Daniel P Tredwell ownership change
15 Aug 22
4
TRIMAS / Fabio Leandro Matheus Salik ownership change
2 Aug 22
4
TRIMAS / Scott A Mell ownership change
7 Jul 22
4
TRIMAS / John Philip Schaefer ownership change
9 Jun 22
4
TRIMAS / John Philip Schaefer ownership change
3 May 22
4
TRIMAS / THOMAS A AMATO ownership change
3 May 22
4
TRIMAS / Paul Swart ownership change
3 May 22
4
TRIMAS / Herbert K Parker ownership change
15 Mar 22
4
TRIMAS / Teresa Finley ownership change
15 Mar 22
4
TRIMAS / Samuel Valenti III ownership change
15 Mar 22
Transcripts
2022 Q2
Earnings call transcript
30 Jul 22
2022 Q1
Earnings call transcript
30 Apr 22
2021 Q4
Earnings call transcript
1 Mar 22
2021 Q3
Earnings call transcript
30 Oct 21
2021 Q2
Earnings call transcript
31 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
27 Feb 21
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
2 May 20
Reddit threads
Most shorted stocks and least shorted stocks
9 Aug 22
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
How does raising interest rates affect margin trading
22 Jun 22
Some people never learn…
7 Jun 22