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TriMas Corporation

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace and defense, and industrial markets worldwide. The company operates through Packaging and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Aarts Packaging, Intertech, Omega Plastics, and Rapak brands. The Specialty Products segment designs, manufactures, and distributes steel cylinders for use in transportation, storage, and dispensing of packaged and compressed gases under the Norris Cylinder brand. It sells its products through a direct sales force, third-party agents, and distributors. The company was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.

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Five Nasdaq Stocks Go Ex-Dividend August 6, Requiring Purchase by Today

Five Nasdaq-listed companies—Wintrust Financial, Silicon Motion Technology, Franklin Electric, TriMas, and Eagle Bancorp—all go ex-dividend on August 6, 2026, meaning investors must buy shares by market close today, August 5, to qualify for their upcoming quarterly payouts. Wintrust Financial raised its dividend 10% to $0.55 per share, yielding 1.32%, while Franklin Electric extended a multi-decade streak of increases with a $0.28 payout. Silicon Motion Technology offers a $0.50 dividend but has surged 184% year to date on AI storage demand, making its 0.79% yield a thin label on a high-growth stock. Eagle Bancorp slashed its dividend 94% to just $0.01 amid negative earnings and $47.9 million in net charge-offs, flagging it as a credit turnaround bet rather than an income play. TriMas pays a token $0.04 quarterly dividend, unchanged for years, representing a modest capital-return feature.
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TriMas Raises Lower End of 2026 Adjusted EPS Guidance to $1.60-$1.70

TriMas Corporation raised the lower end of its full-year 2026 adjusted EPS guidance to a range of $1.60 to $1.70, citing confidence in cost-reduction progress and higher interest income. The company expects full-year sales growth of 3% to 6% and operating profit margin expansion of over 300 basis points, driven by a $10.5 million cost-reduction program and operational excellence initiatives. Organic sales were flat as growth in industrial and life sciences markets was offset by consumer spending pressures, while the recently divested Aerospace segment has left the company with significant cash flexibility for disciplined M&A in packaging and life sciences. Free cash flow is expected to strengthen in the second half of the year after a Q2 use of cash tied to a high concentration of June sales, and the company began funding an estimated $200 million tax liability related to the Aerospace transaction, with $30 million paid in Q2. The Atkins, Arkansas facility closure temporarily impacted food and beverage sales, but management expects beauty and personal care demand to normalize in the second half.
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