Key Developments: TriMas Corp (TRS.O)

TRS.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

TriMas Corp reaffirms FY 2014 guidance
Thursday, 31 Jul 2014 08:00am EDT 

TriMas Corp:Maintains FY 2014 outlook originally provided on Feb. 20, 2014.Estimates FY 2014 sales to increase 6pct to 8pct as compared to FY 2013.Expects FY 2014 diluted earnings per share to be between $2.15 and $2.25 per share.Reports revenue of $1.395 billion in FY 2013.FY 2014 revenue of $1.495 billion and EPS of $2.24 - Thomson Reuters I/B/E/S.  Full Article

TriMas Corp Acquires Lion Holdings Pvt. Ltd and expands packaging footprint in Asia
Monday, 28 Jul 2014 10:00am EDT 

TriMas Corp:Acquires Lion Holdings Pvt. Ltd. for $27 mln, paid in cash at closing.Transaction closed July 25, 2014, at which time Lion Holdings became part of company's Packaging segment.  Full Article

TriMas Corp reaffirms FY 2014 outlook
Tuesday, 29 Apr 2014 08:00am EDT 

TriMas Corp:Reaffirms FY 2014 guidance.Expects FY 2014 sales will increase 6- 8 pct as compared to FY 2013.Expects FY 2014 diluted earnings per share to be between $2.15 and $2.25 per share.Reports revenue of $1.395 bln in FY 2013.FY 2014 EPS of $2.21 - Thomson Reuters I/B/E/S.  Full Article

TriMas Corp acquires Arminak & Associates LLC
Monday, 17 Mar 2014 08:00am EDT 

TriMas Corp:Has acquired the remaining 30 percent interest of Arminak & Associates LLC for cash, plus an earn-out based on the future success of the business.The transaction closed on March 11.Helga Arminak will remain as president of Arminak and the company will continue to operate as part of the company's Packaging segment.TriMas had previously acquired a 70 percent share of the business in Feb. 2012.  Full Article

TriMas Corp gives FY 2014 guidance; EPS guidance below analysts' estimates
Thursday, 20 Feb 2014 08:00am EST 

TriMas Corp:Estimates fiscal 2014 sales to increase 6 pct. to 8 pct. as compared to fiscal 2013.Expects fiscal 2014 diluted earnings per share (EPS) from continuing operations to be between $2.15 and $2.25 per share.Reports net sales from continuing operations of $1.395 billion in fiscal 2013.Fiscal 2014 revenue of $1.500 billion and EPS of $2.44 - Thomson Reuters I/B/E/S.  Full Article

TriMas Corp's cequent performance products wins dismissal of patent infringement and trade secret misappropriation suit
Tuesday, 28 Jan 2014 10:00am EST 

TriMas Corp:Says that the Federal District Court for the Eastern District of Arkansas granted summary judgment for Cequent Performance Products in a patent infringement and trade secret misappropriation lawsuit filed by MCB Sales & Installation Services, Inc.The suit alleged that Cequent infringed a U.S. patent owned by MCB and trade secret misappropriation.Says further, MCB sought a declaratory judgment finding that two of Cequent's design patents, D560,324 and D561,424 for Cequent's Bulldog Drive Kit, are invalid.Say the suit also sought money damages and injunctive relief.  Full Article

TriMas Corp Raises FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance
Monday, 28 Oct 2013 08:00am EDT 

TriMas Corp updated its fiscal 2013 guidance and expects sales from an increase of 6% to 8% to a range of 8% to 10% compared to fiscal 2012. As a result of the Company's September 2013 equity offering and related increased number of shares, as well as the disposition of Rieke Italy, the Company expects fiscal 2013 diluted earnings per share (EPS) from continuing operations to be between $2.10 and $2.15 per share, excluding any current and future events that may be considered Special Items. The Company reported revenue of $1.273 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.18 for fiscal 2013.  Full Article

TriMas Corp Announces Acquisition of Mac Fasteners in Aerospace & Defense Segment
Monday, 28 Oct 2013 07:55am EDT 

TriMas Corp announced that it has acquired Mac Fasteners, Inc. for $34 million, with additional contingent consideration of up to $6 million, payable based on attainment of future operating results. The purchase price is subject to a net working capital adjustment as of the closing date. The transaction closed on October 25, 2013, at which time Mac Fasteners became part of the Company's Aerospace & Defense segment.  Full Article

TriMas Corp Announces Closing of Common Stock Offering
Monday, 16 Sep 2013 12:15pm EDT 

TriMas Corp announced that it has closed its previously announced public offering of 5,175,000 shares of its common stock (which includes 675,000 shares issued pursuant to the underwriters` exercise of their option to purchase additional shares). TriMas received net proceeds from this offering of approximately $174.6 million after deducting underwriters` discounts and commissions and estimated offering expenses. TriMas expects to use its proceeds from the sale of the common stock for general corporate purposes. Deutsche Bank Securities and J.P. Morgan acted as joint bookrunners for the offering. BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities also acted as joint bookrunners for the offering. KeyBanc Capital Markets, Barrington Research, Roth Capital Partners and Sidoti & Company, LLC acted as the co-managers for the offering.  Full Article

TriMas Corp Announces Upsizing And Pricing Of Common Stock Offering
Tuesday, 10 Sep 2013 06:48pm EDT 

TriMas Corp announced that it has upsized its previously announced public offering from 3,750,000 to 4,500,000 shares of its common stock and priced the offering at a price to the public of $35.40. The underwriters have a 30-day option to purchase up to an additional 675,000 shares from TriMas. Settlement of the offering is expected to occur on September 16, 2012. TriMas expects to use its proceeds from the sale of the common stock for general corporate purposes. Deutsche Bank Securities and J.P. Morgan are acting as joint bookrunners for the offering. BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities are also acting as joint bookrunners for the offering. KeyBanc, Barrington Research Associates, Roth Capital Partners and Sidoti & Company are acting as the co-managers for the offering.  Full Article

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