Key Developments For TriMas Corporation
TriMas Corporation (TRS.O) (Consolidated Issue listed on NASDAQ Global Market)
Trimas Corporation Reaffirms Q4, FY 2009 Revenue Guidance-Conference Call
Trimas Corporation announced that for fourth quarter of 2009, it still expects revenues to be down year-over-year, but less than in previous quarters. It expect fourth quarter of 2009 revenues to be down 15% to 20%. And it continue to project fiscal 2009 revenues to be down 20% to 25% compared to fiscal 2008. The Company reported revenue of $1.021 billion for fiscal 2008; revenues of $213.14 million in fourth quarter of 2008; revenues of $203.73 million in third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenues of $209.15 million for fourth quarter of 2009; revenues of $830.45 million for fiscal 2009.
Trimas Corporation's Cequent Group Announces Contract
Trimas Corporation announced that Cequent Performance Products, Inc. reached an agreement with Ford Motor Company to supply a patented cross bed towing system to be offered as an option on 2011 production Super Duty trucks.
Trimas Corporation to Move Stock Listing to NASDAQ Global Market
Trimas Corporation announced that it will voluntarily transfer its stock exchange listing in the U.S. from The New York Stock Exchange to The NASDAQ Global Market effective August 24, 2009. The Company's stock will continue to trade under the symbol "TRS."
Trimas Corporation Opens New Lamons Sales and Service Center in Rotterdam
Trimas Corporation announced that its Lamons business unit has opened a new sales and service center facility in Rotterdam, The Netherlands.
Trimas Corporation Reaffirms FY 2009 Revenue Guidance
Trimas Corporation announced that it still expects overall sales decline to be 15% to 20% in fiscal 2009, as compared to the prior year. The Company reported revenue of $1.021 billion for fiscal 2008.
