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Last $17.77 USD
Change Today +0.63 / 3.68%
Volume 335.6K
TRS On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

trimas corp (TRS) Snapshot

Open
$17.00
Previous Close
$17.14
Day High
$17.80
Day Low
$16.94
52 Week High
12/8/14 - $26.47
52 Week Low
08/24/15 - $15.32
Market Cap
806.9M
Average Volume 10 Days
327.0K
EPS TTM
$1.60
Shares Outstanding
45.4M
EX-Date
--
P/E TM
11.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for TRIMAS CORP (TRS)

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trimas corp (TRS) Details

TriMas Corporation designs, manufactures, and distributes 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 Aerospace Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

TriMas Aerospace reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $43,220,000, operating profit was $7,220,000 and excluding Special Items, operating profit was $8,050,000 against net sales of $31,820,000, operating profit of $5,660,000 and excluding Special Items, operating profit of $5,660,000 for the same period a year ago. Net sales for the second quarter increased 35.8% as compared to the year ago period, primarily due to the results of Allfast, which was acquired in October 2014, partially offset by lower sales to distribution customers. Second quarter operating profit and the related margin percentage increased due to higher sales levels related to Allfast, while also absorbing the impact of purchase accounting and increased selling, general and administrative costs related to the acquisition. For the six months, net sales were $88,960,000, operating profit was $15,300,000 and excluding Special Items, operating profit was $16,920,000 against net sales of $59,010,000, operating profit of $10,520,000 and excluding Special Items, operating profit of $10,520,000 for the same period a year ago.

TriMas Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

TriMas Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported second quarter net sales from continuing operations of $224.9 million, a slight increase as compared to second quarter 2014. The company reported second quarter 2015 income from continuing operations attributable to TriMas Corporation of $8.5 million, or $0.19 per diluted share, as compared to income of $14.4 million, or $0.32 per diluted share, in the second quarter of 2014. Excluding Special Items, second quarter 2015 diluted earnings per share from continuing operations would have been $0.30, as compared to $0.37 in second quarter 2014, primarily as a result of the impact of lower oil prices, currency headwinds and resolution of a legal claim. The company reported second quarter net sales of $224.9 million, a slight increase as compared to $224.7 million in second quarter 2014. Net sales increased due to the result of recent acquisitions and organic initiatives, largely offset by sales declines resulting from the impact of lower oil prices, macroeconomic uncertainty and $3.9 million of unfavorable currency exchange in Packaging and Energy. The company reported operating profit of $19.2 million in second quarter 2015, a decrease of 24.3% as compared to second quarter 2014. Excluding Special Items related to severance and business restructuring, second quarter 2015 operating profit would have been $24.3 million, a decrease of 12.4% as compared to $27.7 million during second quarter 2014. The company reported free cash flow of $9.4 million for second quarter 2015 as compared to $16.6 million in second quarter 2014. Income from continuing operations before income tax expense was $13,230,000 against $21,870,000 a year ago. Capital expenditures was $7.200 million against $7.700 million a year ago. Net cash provided by operating activities of continuing operations was $16,640,000 against $24,250,000 a year ago. For the six months, net sales were $449.030 million against $441.540 million a year ago. Operating profit was $42.230 million against $49.480 million a year ago. Income from continuing operations before income tax expense was $31.480 million against $43.530 million a year ago. Income from continuing operations was $20.430 million against $28.130 million a year ago. Net income attributable to the company was $15.690 million or $0.35 per diluted share against $44.770 million or $0.99 per diluted share a year ago. Net cash provided by operating activities was $6.450 million against $22.990 million a year ago. Capital expenditures was $12.890 million against $12.940 million a year ago. On a year-to-date basis, the company generated $7.6 million in free cash flow as compared to $26.3 million during the first six months of 2014. Net cash provided by operating activities of continuing operations was $20,480,000 against $39,230,000 a year ago. The company ended the period with approximately $464 million in total debt compared to $639 million as of December 31, 2014, and $362 million as of March 31, 2015. The increase from a year ago was related to the incremental term loan and additional borrowings on revolving credit facility, which funded the acquisition of Allfast on October 2014. The decrease from year-end 2014 was due to the use of the cash dividend from Horizon Global to reduce outstanding borrowings. The company is updating 2015 full year outlook as a result of the recent spin-off and to reflect the intensifying external headwinds it believes will continue in the second half of the year. Accordingly, the company now anticipates year-over-year sales growth of up to 2%, as organic and acquisition growth of approximately 10% is expected to be mostly offset by oil price and currency headwinds. It expects full-year 2015 diluted EPS of $1.15 to $1.25 and free cash flow of $30 million to $35 million.

TriMas Energy Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

TriMas Energy reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $50,150,000, operating loss was $7,170,000 and excluding Special Items, operating loss was $3,260,000 against net sales of $52,320,000, operating loss of $630,000 and excluding Special Items, operating profit of $1,720,000 for the same period a year ago. Second quarter net sales decreased 4.1% as compared to the year ago period, as reduced demand levels from upstream customers related to lower oil prices, lower sales in China and Brazil due to restructuring activities in those regions, and the impact of unfavorable currency exchange more than offset increased sales from international branches and new products. Second quarter operating profit and the related margin percentage also decreased as compared to the prior year period as a result of the lower sales levels, higher material sourcing costs related to the impact of the recent port delays, and higher selling, general and administrative costs, including approximately $2.8 million in expenses to resolve an outstanding legal claim. For the six months, net sales were $101,310,000, operating loss was $6,830,000 and excluding Special Items, operating loss was $1,490,000 against net sales of $105,100,000, operating profit of $1,970,000 and excluding Special Items, operating profit of $4,320,000 for the same period a year ago.

 

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Industry Analysis

TRS

Industry Average

Valuation TRS Industry Range
Price/Earnings 13.7x
Price/Sales 0.5x
Price/Book 1.3x
Price/Cash Flow 12.4x
TEV/Sales 0.2x
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