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Last $23.12 USD
Change Today +0.49 / 2.17%
Volume 115.8K
TRS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

trimas corp (TRS) Snapshot

Open
$22.60
Previous Close
$22.63
Day High
$23.19
Day Low
$22.60
52 Week High
07/30/14 - $27.08
52 Week Low
10/3/14 - $18.86
Market Cap
1.0B
Average Volume 10 Days
203.4K
EPS TTM
$1.95
Shares Outstanding
45.3M
EX-Date
--
P/E TM
11.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for TRIMAS CORP (TRS)

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trimas corp (TRS) Details

TriMas Corporation designs, manufactures, and distributes engineered and applied products for commercial, industrial, and consumer markets worldwide. Its Packaging segment offers steel and plastic closure caps, drum enclosures, 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 segment offers blind bolts, fasteners, and other precision machined parts for commercial, business, and military aerospace 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. The company sells its products through direct sales force, third-party agents, distributors, and licensees. TriMas Corporation is based in Bloomfield Hills, Michigan.

7,000 Employees
Last Reported Date: 02/26/15

trimas corp (TRS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $731.9K
Chief Financial Officer
Total Annual Compensation: $294.4K
Chief Compliance Officer, Vice President and ...
Total Annual Compensation: $396.4K
Compensation as of Fiscal Year 2014.

trimas corp (TRS) Key Developments

TriMas Corporation Announces Closing of Amended Credit Facilities

TriMas Corporation announced the closing of an amendment to its existing credit facilities in conjunction with the recent spin-off of its Cequent businesses. The amended credit facilities are comprised of a $500 million Senior Secured Revolving Credit facility and a $275 million Senior Secured Term Loan A facility. Under the provisions of the amended credit agreement, the Term Loan A and revolving loans initially bear interest at LIBOR plus 1.625% (subject to a maximum step-up to LIBOR plus 2.00% or minimum step-down to LIBOR plus 1.375% based on the leverage ratio). In addition, maturities of the Term Loan A and the Revolving facilities were extended to June 30, 2020, from October 16, 2018. The refinancing process was led by J.P. Morgan. Proceeds from the dividend and the borrowings under the amended facilities were used to partially reduce amounts outstanding on the company's existing Senior Secured Revolving Credit facility, to reduce the amount outstanding on the Term Loan A from $435 million to $275 million, and to pay fees and expenses related to the refinance.

TriMas' Spinoff Horizon Seeks Acquisitions

Proposed TriMas Corporation (NasdaqGS:TRS) spinoff Horizon Global Corporation will be a Delaware company. Horizon also will not assume any TriMas debt, but pay a dividend back to the parent company, which is likely to go to debt service. The company will pursue mainly modest acquisitions of companies that either immediately improve margins and earnings per share or are "on a clear path to becoming so" at closing.

TriMas Corporation Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-27-2015

TriMas Corporation Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-27-2015 . Venue: InterContinental Boston, 510 Atlantic Ave, Boston, MA 02210, United States.

 

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Industry Analysis

TRS

Industry Average

Valuation TRS Industry Range
Price/Earnings 16.7x
Price/Sales 0.7x
Price/Book 1.7x
Price/Cash Flow 11.6x
TEV/Sales 0.2x
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