Trimas Corp (TRS)
NASDAQ:TRS
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Trimas
(NASDAQ:TRS)
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Rating:61Neutral
Price Target:
$41.00
▲(5.05% Upside)
Action:ReiteratedDate:03/19/26
Overall score reflects solid valuation and a positive earnings outlook (growth, margin expansion and cost savings), offset by only mid-range underlying financial performance (weaker recent margins and uneven cash conversion) and currently weak technical momentum.
Positive Factors
Large cash proceeds and strategic divestiture
The completed Aerospace sale generates roughly $1.1–1.2 billion of net proceeds that materially boost liquidity and strategic optionality. That capital allows durable paydown of revolver borrowings, funded buybacks, targeted M&A or reinvestment in higher‑ROIC packaging/specialty businesses, changing the firm’s structural capital flexibility and risk profile.
Negative Factors
Volatile and weak cash conversion
The company’s historical cash conversion is inconsistent and generally well below net income, meaning earnings have not reliably translated into free cash flow. This structural weakness constrains the firm’s ability to self‑fund investments, sustain buybacks, or rapidly de‑lever without one‑off asset sales or improved working capital discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Large cash proceeds and strategic divestiture
The completed Aerospace sale generates roughly $1.1–1.2 billion of net proceeds that materially boost liquidity and strategic optionality. That capital allows durable paydown of revolver borrowings, funded buybacks, targeted M&A or reinvestment in higher‑ROIC packaging/specialty businesses, changing the firm’s structural capital flexibility and risk profile.
Read all positive factors
Trimas (TRS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.46B
Dividend Yield0.45%
Average Volume (3M)494.89K
Price to Earnings (P/E)11.9
Beta (1Y)0.82
Revenue Growth11.83%
EPS Growth67.28%
CountryUS
Employees3,900
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)0.40
Shares Outstanding37,652,600
10 Day Avg. Volume458,670
30 Day Avg. Volume494,892
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.03
Price to Sales (P/S)2.22
P/FCF Ratio20.72
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue2.01
Enterprise Value/Gross Profit8.83
Enterprise Value/Ebitda12.17
Forecast
1Y Price Target
$45.00Price Target Upside15.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.37
Revenue Forecast (FY)$665.51M
Trimas Business Overview & Revenue Model
Company Description
TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offe...
How the Company Makes Money
TriMas makes money primarily by manufacturing and selling engineered products to business customers, generating revenue when products are shipped/delivered under customer contracts and purchase orders. Its key revenue streams align to its operatin...
Trimas Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call communicated a positive strategic inflection: strong top-line growth, margin expansion, substantial cash generation, meaningful operational improvements and a transformative pending $1.45 billion Aerospace divestiture that provides significant capital flexibility. Management outlined concrete cost-savings, commercial and operational initiatives and repurchased shares while maintaining disciplined priorities for capital deployment. Near-term headwinds include a weaker Q4 packaging mix, a modest EPS drag in Q4 from incentive timing and FX, a temporary increase in leverage to fund buybacks, and expected low margins in Q1 2026 as cost actions ramp. Overall, the company projects multi-quarter margin improvement and growth for the remaining businesses, and highlights outweigh the short-term execution and comparability challenges.Positive Updates
Pending Divestiture of TriMas Aerospace and Proceeds
TriMas announced a pending sale of its Aerospace business for approximately $1.45 billion in cash, expected to generate about $1.2 billion in net after-tax proceeds upon close (mid- to late-March). Management plans to use proceeds to pay down revolver borrowings, hold ~ $1.1 billion in interest-bearing accounts short-term, and redeploy capital to buybacks, M&A and reinvestment.
Negative Updates
Q4 EPS Pressure from Compensation and FX
Adjusted EPS declined by $0.03 year-over-year in Q4 despite higher operating performance, due to timing and higher levels of incentive compensation and unfavorable foreign currency exchange effects in 2025 versus 2024.
Read all updates
Q4-2025 Updates
Positive
Negative
Pending Divestiture of TriMas Aerospace and Proceeds
TriMas announced a pending sale of its Aerospace business for approximately $1.45 billion in cash, expected to generate about $1.2 billion in net after-tax proceeds upon close (mid- to late-March). Management plans to use proceeds to pay down revolver borrowings, hold ~ $1.1 billion in interest-bearing accounts short-term, and redeploy capital to buybacks, M&A and reinvestment.
Read all positive updates
Company Guidance
Management guided that continuing TriMas (post‑Aerospace) expects 2026 sales growth of 3–6% from the ~$646M 2025 baseline, with more than 300 basis points of adjusted operating‑margin improvement and at least $10M of corporate cash‑expense savings in 2026 (>$15M annualized); Q1 is expected to show 3–6% sales growth with adjusted operating margin improving just over 100 bps year‑over‑year (and sequentially >400 bps vs. Q4 2025). Packaging is forecast to grow 3–6% with margins of 14–15% (FY25 packaging: organic +4%, operating profit $71M, margin 13.3%; Q4: sales $— $15M op profit, 11.6% margin, sales +5% YoY), and Specialty Products (Norris) is expected to grow 3–6% with 8–10% margins (FY25 Norris: sales +9.5%, op profit $5.4M, margin 4.9%; Q4 sales ~+14%, margin 6.5%). The Aerospace divestiture (purchase price ~ $1.45B; ~ $1.2B net after‑tax proceeds) is expected to close mid‑to‑late March; ~ $1.1B of proceeds would be parked in interest‑bearing accounts (potentially earning up to ~$30M over the last three quarters of the year), the company has repurchased >3M shares for ~ $100M, and the Board re‑authorized up to $150M of buybacks; management will provide full‑year EPS guidance on the Q1 call after close (FY25 adjusted EPS was $2.09; continuing‑business EPS $0.55; continuing net sales $645M; adjusted EBITDA $79M, ~12% margin).Trimas Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 645.72M | 925.01M | 893.55M | 883.83M | 857.11M |
| Gross Profit | 138.16M | 185.35M | 194.86M | 194.31M | 202.43M |
| EBITDA | 99.32M | 114.52M | 124.10M | 155.00M | 137.07M |
| Net Income | 120.14M | 24.25M | 40.36M | 66.17M | 57.31M |
Balance Sheet | |||||
| Total Assets | 1.49B | 1.32B | 1.34B | 1.30B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 30.02M | 23.07M | 34.89M | 112.09M | 140.74M |
| Total Debt | 505.08M | 442.84M | 443.25M | 444.02M | 445.72M |
| Total Liabilities | 779.49M | 656.88M | 658.71M | 653.17M | 672.79M |
| Stockholders Equity | 705.59M | 667.30M | 682.95M | 651.83M | 630.85M |
Cash Flow | |||||
| Free Cash Flow | 69.10M | 12.82M | 33.97M | 26.61M | 89.16M |
| Operating Cash Flow | 117.45M | 63.78M | 88.16M | 72.57M | 134.22M |
| Investing Cash Flow | -64.05M | -46.96M | -134.42M | -55.04M | -79.18M |
| Financing Cash Flow | -46.45M | -28.64M | -30.94M | -46.18M | 11.75M |
Trimas Technical Analysis
Positive
39.03
Price Trends
36.55
Positive
35.44
Positive
35.39
Positive
Market Momentum
0.62
Negative
64.06
Neutral
93.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRS, the sentiment is Positive. The current price of 39.03 is above the 20-day moving average (MA) of 36.34, above the 50-day MA of 36.55, and above the 200-day MA of 35.39, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 64.06 is Neutral, neither overbought nor oversold. The STOCH value of 93.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRS.
Trimas Risk Analysis
Trimas disclosed 29 risk factors in its most recent earnings report. Trimas reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The planned sale of TriMas Aerospace may not occur at all or may not occur in the expected time frame, which may negatively affect the trading price of our common stock and our future business and financial results. Q4, 2025
2.
We may be unable to achieve some or all of the benefits that we expect to achieve from the planned sale of TriMas Aerospace. Q4, 2025
3.
Our choices about the use of anticipated net proceeds from the sale of TriMas Aerospace may not be effective. Q4, 2025
Trimas Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $5.43B | 10.96 | 32.44% | 4.33% | 8.31% | -99.39% | |
64 Neutral | $838.21M | 20.03 | 12.22% | 2.80% | 0.26% | 78.05% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $1.46B | 11.92 | 16.97% | 0.45% | 11.83% | 67.28% | |
60 Neutral | ― | ― | 48.39% | 1.94% | -1.22% | -0.76% | |
57 Neutral | $2.48B | 222.79 | -2.78% | 9.90% | 10.34% | 87.86% | |
49 Neutral | $1.67B | -17.57 | -10.38% | ― | -2.82% | 65.31% |
* Consumer Cyclical Sector Average
TRS
Trimas
39.03
18.84
93.34%
MYE
Myers Industries
22.15
13.07
143.94%
OI
O-I Glass
10.83
<0.01
0.09%
SEE
Sealed Air
42.15
16.83
66.50%
SON
Sonoco Products
54.86
13.39
32.28%
AMBP
Ardagh Metal Packaging
4.09
1.71
72.21%
Trimas Corporate Events
Business Operations and StrategyM&A Transactions
TriMas Completes Aerospace Divestiture to Refocus on Packaging
Positive
Mar 18, 2026
On March 16, 2026, TriMas completed the divestiture of its TriMas Aerospace business to PennAero, a portfolio company of Tinicum L.P. and funds managed by Blackstone Inc., for approximately $1.45 billion in cash, generating an estimated $1.2 billi...
Executive/Board Changes
TriMas Announces Executive Officer Jill Stress’s Planned Departure
Neutral
Mar 12, 2026
TriMas Corporation announced on March 9, 2026, that named executive officer Jill S. Stress will depart the company effective March 27, 2026. In connection with her departure, she is expected to receive severance and equity-related benefits under t...
Executive/Board ChangesShareholder Meetings
TriMas Announces Planned Board Transition as Director Departs
Neutral
Feb 27, 2026
On February 26, 2026, TriMas Corporation announced that director Teresa M. Finley informed the board she will not stand for re-election at the company’s annual meeting of shareholders, expected around May 20, 2026. The company stated that Fi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.