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TriMas Corp (TRS.OQ)

TRS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Trimas Q4 Earnings Per Share $0.31 Excluding Items
Tuesday, 27 Feb 2018 08:00am EST 

Feb 27 (Reuters) - Trimas Corp ::TRIMAS REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.31 EXCLUDING ITEMS.Q4 SALES ROSE 5.2 PERCENT TO $195.2 MILLION.SEES FY 2018 EARNINGS PER SHARE $1.60 TO $1.75.Q4 LOSS PER SHARE $0.09.‍Q4 2017 INCLUDED ONE-TIME TAX CHARGES OF APPROXIMATELY $12.7 MILLION, OR $0.28 PER SHARE​ DUE TO U.S. TAX REFORM.‍EFFECTIVE WITH Q1 2018, CO TO REALIGN ITS REPORTING SEGMENT STRUCTURE FROM FOUR SEGMENTS TO THREE​.‍WILL COMBINE ENERGY & ENGINEERED COMPONENTS SEGMENTS INTO SINGLE SEGMENT, TITLED SPECIALTY PRODUCTS.‍ANTICIPATE ORGANIC SALES TO INCREASE ABOUT 3%, FREE CASH FLOW TO BE GREATER THAN 120% OF NET INCOME IN 2018​.Q4 EARNINGS PER SHARE VIEW $0.32, REVENUE VIEW $192.3 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Trimas reports Q3 earnings per share $0.29
Thursday, 26 Oct 2017 08:00am EDT 

Oct 26 (Reuters) - Trimas Corp :Trimas reports third quarter 2017 results.Sees FY 2017 earnings per share $1.37 to $1.43 excluding items.Q3 earnings per share $0.29 excluding items.Q3 sales $209.3 million versus I/B/E/S view $209 million.Q3 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Sees fy 2017 sales up 2 to 4 percent.Q3 earnings per share $0.29.FY2017 earnings per share view $1.42, revenue view $813.7 million -- Thomson Reuters I/B/E/S.  Full Article

Trimas Corp says Trimas LLC entered into a replacement facility amendment to credit agreement - SEC Filing
Wednesday, 20 Sep 2017 04:46pm EDT 

Sept 20 (Reuters) - Trimas Corp :Trimas Corp - On September 20 Trimas LLC entered into a replacement facility amendment to credit agreement - SEC Filing.Trimas Corp - Pursuant to amendment, $500.0 million revolving credit facility was replaced with a new $300.0 million revolving credit facility.Trimas Corp - Pursuant to amendment ,credit facility ‍will mature on September 20, 2022 - SEC Filing​.  Full Article

Trimas announces pricing of $300 million of debt offering
Wednesday, 13 Sep 2017 08:56pm EDT 

Sept 13 (Reuters) - Trimas Corp :Trimas announces pricing of $300 million of debt offering.Priced its offering of $300 million in aggregate principal of senior unsecured notes due 2025.Notes will bear interest at an annual rate of 4.875%.  Full Article

Trimas Corp announces launch of debt offering
Monday, 11 Sep 2017 06:24am EDT 

Sept 11 (Reuters) - Trimas Corp :Trimas announces launch of debt offering.Initiated an offering of $300 million in aggregate principal of senior unsecured notes due 2025​.Intends to use net proceeds from offering to partly repay outstanding obligations of its term loan a facility due 2020 under credit agreement​.  Full Article

Trimas relocates headquarters to Bloomfield Hills, Michigan​
Friday, 25 Aug 2017 11:30am EDT 

Aug 25 (Reuters) - Trimas Corp ::Trimas announces headquarters relocation.Announced that it has relocated its corporate headquarters to a newly renovated space in Bloomfield Hills, Michigan​.  Full Article

TriMas sees FY 2017 earnings per share $1.35 to $1.45 excluding items
Thursday, 27 Jul 2017 08:00am EDT 

July 27 (Reuters) - Trimas Corp :Trimas reports second quarter 2017 results.Sees fy 2017 earnings per share $1.35 to $1.45 excluding items.Q2 earnings per share $0.40 excluding items.Q2 earnings per share $0.32.Q2 sales $213.4 million versus i/b/e/s view $205.2 million.Q2 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.Sees fy 2017 sales up 2 to 4 percent.Trimas corp says remain committed to achieving 2017 operating plan and reaffirming full year outlook provided in february.  Full Article

Trimas reports Q1 EPS $0.15
Thursday, 27 Apr 2017 08:00am EDT 

April 27 (Reuters) - Trimas Corp :Trimas corp says reported free cash flow of $17.7 million for Q1 2017, compared to a use of $5.9 million in Q1 2016.Trimas reports first quarter 2017 results; diluted EPS, excluding special items, increased by 11 pct to $0.30.Q1 earnings per share $0.30 excluding items.Q1 earnings per share $0.15.Q1 sales fell 1.5 percent to $199.8 million.Reported total debt of $366.9 million as of March 31, 2017, compared to $374.7 million as of December 31, 2016, and $437.9 million as of March 31, 2016.Reaffirms FY 2017 earnings per share view $1.35 to $1.45 excluding items.Q1 earnings per share view $0.28, revenue view $200.4 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.39 -- Thomson Reuters I/B/E/S.  Full Article

Trimas says exited manufacturing plant in Wolverhampton, UK
Monday, 3 Apr 2017 11:12am EDT 

Trimas Corp : Exited manufacturing plant located in Wolverhampton, United Kingdom, taken actions to cease production at a plant located in Reynosa, Mexico . Charges associated with exit of Reynosa facility will range from $2.0 million to $2.5 million . Company estimates charges associated with exiting Wolverhampton facility to range from $3.0 million to $3.5 million during Q1 of 2017 .Lamons business expects to exit Reynosa facility by June 30, 2017.  Full Article

Trimas Corp Q4 loss per share $1.48 from continuing operations
Tuesday, 28 Feb 2017 08:00am EST 

Trimas Corp : Trimas reports fourth quarter and full year 2016 results . Sees FY 2017 earnings per share $1.35 to $1.45 excluding items . Q4 loss per share $1.48 from continuing operations . Q4 sales $185.5 million versus I/B/E/S view $191.2 million . Q4 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales up 2 to 4 percent . Q4 earnings per share $0.30 from continuing operations excluding items .Company is targeting 2017 free cash flow to be greater than 100% of net income.  Full Article

BRIEF-Trimas Q4 Earnings Per Share $0.31 Excluding Items

* ‍Q4 2017 INCLUDED ONE-TIME TAX CHARGES OF APPROXIMATELY $12.7 MILLION, OR $0.28 PER SHARE​ DUE TO U.S. TAX REFORM