Docoh
Loading...

TRS Trimas

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
CEO
Thomas Amato
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
382687639

TRS stock data

(
)

Calendar

29 Jul 21
1 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Trimas earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 117.41M 117.41M 117.41M 117.41M 117.41M 117.41M
Cash burn (monthly) 101.24M (positive/no burn) (positive/no burn) 3.61M (positive/no burn) (positive/no burn)
Cash used (since last report) 110.45M n/a n/a 3.94M n/a n/a
Cash remaining 6.96M n/a n/a 113.47M n/a n/a
Runway (months of cash) 0.1 n/a n/a 31.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Greene Jeffrey M Common Stock Grant Aquire A No No 30.29 412 12.48K 9,031
1 Jul 21 Scott A Mell Common Stock Grant Aquire A No No 0 14,856 0 14,856
3 May 21 Greene Jeffrey M Common Stock Sell Dispose S No No 32.25 6,500 209.63K 8,619

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

97.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 146 149 -2.0%
Opened positions 19 31 -38.7%
Closed positions 22 15 +46.7%
Increased positions 52 41 +26.8%
Reduced positions 55 59 -6.8%
13F shares
Current Prev Q Change
Total value 1.87B 1.38B +35.9%
Total shares 42.2M 43.43M -2.8%
Total puts 0 0
Total calls 10.8K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 3.94M $119.4M +3.6%
Champlain Investment Partners 3.36M $101.78M +0.6%
BLK Blackrock 3.24M $98.13M +5.1%
Wellington Management 2.99M $90.56M -7.0%
Fiduciary Management 2.81M $85.06M -11.7%
Wasatch Advisors 2.6M $78.81M +195.6%
Dimensional Fund Advisors 2.35M $71.4M -3.5%
WFC Wells Fargo & Co. 2.16M $65.62M +3.3%
Victory Capital Management 2.03M $61.42M +2.2%
Massachusetts Financial Services 1.67M $50.61M -4.0%
Largest transactions
Shares Bought/sold Change
Wasatch Advisors 2.6M +1.72M +195.6%
Mawer Investment Management 0 -1.02M EXIT
Norges Bank 0 -866.5K EXIT
Advisory Research 37.46K -427.73K -91.9%
BK Bank Of New York Mellon 239.42K -376.1K -61.1%
Fiduciary Management 2.81M -372.09K -11.7%
River Road Asset Management 680.29K -314.8K -31.6%
Millennium Management 285.9K +270.84K +1798.9%
Comerica Bank 0 -250.46K EXIT
Wellington Management 2.99M -225.66K -7.0%

Financial report summary

?
Competition
BoeingGreifSilgan
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.
  • 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.
  • Trends in oil and natural gas prices may affect the demand for, and profitability of, our energy-related products and services, which could have an adverse effect on our business, consolidated results of operations, and consolidated financial condition.
  • A growing portion of our sales may be derived from international sources, which exposes us to certain risks which may adversely affect our financial results and impact our ability to service debt.
  • 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.
  • Economic conditions and regulatory changes following the United Kingdom's exit from the European Union could have a material adverse effect on our business and results of operations.
  • 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 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.
  • We depend on the services of key individuals and relationships, the loss of which could materially harm us.
Management Discussion
  • Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations
  • We are a diversified manufacturer and provider of products for customers primarily in the consumer products, aerospace & defense and industrial markets. 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: airplane, boosted, depressed, desire, loan, nominal, peak, spike, stop, unamortized, vending
Removed: adjusted, ASU, begin, bleed, British, clarification, dispenser, FASB, flight, guidance, MarketSM, moderate, performing, potentially, pound, predominantly, reducing, Simplifying, system, Topic, update