Intrinsic value of TriMas - TRS

Previous Close

$29.82

  Intrinsic Value

$0.17

stock screener

  Rating & Target

str. sell

-99%

Previous close

$29.82

 
Intrinsic value

$0.17

 
Up/down potential

-99%

 
Rating

str. sell

We calculate the intrinsic value of TRS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.15
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.04
  5.03
  5.03
  5.03
  5.02
  5.02
  5.02
Revenue, $m
  862
  908
  956
  1,007
  1,060
  1,116
  1,174
  1,235
  1,298
  1,365
  1,436
  1,509
  1,586
  1,667
  1,752
  1,841
  1,935
  2,033
  2,136
  2,243
  2,357
  2,476
  2,600
  2,731
  2,869
  3,013
  3,164
  3,323
  3,490
  3,665
Variable operating expenses, $m
  907
  952
  1,000
  1,051
  1,103
  1,158
  1,216
  1,276
  1,340
  1,406
  1,424
  1,497
  1,574
  1,654
  1,738
  1,827
  1,920
  2,017
  2,119
  2,226
  2,338
  2,456
  2,580
  2,710
  2,846
  2,989
  3,140
  3,297
  3,463
  3,637
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  907
  952
  1,000
  1,051
  1,103
  1,158
  1,216
  1,276
  1,340
  1,406
  1,424
  1,497
  1,574
  1,654
  1,738
  1,827
  1,920
  2,017
  2,119
  2,226
  2,338
  2,456
  2,580
  2,710
  2,846
  2,989
  3,140
  3,297
  3,463
  3,637
Operating income, $m
  -45
  -44
  -44
  -43
  -43
  -43
  -42
  -42
  -41
  -41
  11
  12
  12
  13
  14
  14
  15
  16
  17
  18
  18
  19
  20
  21
  22
  24
  25
  26
  27
  29
EBITDA, $m
  38
  40
  42
  44
  46
  49
  51
  54
  57
  60
  63
  66
  70
  73
  77
  81
  85
  89
  94
  98
  103
  109
  114
  120
  126
  132
  139
  146
  153
  161
Interest expense (income), $m
  12
  16
  18
  19
  21
  22
  24
  26
  28
  30
  32
  34
  36
  39
  41
  44
  46
  49
  52
  56
  59
  62
  66
  70
  74
  78
  82
  87
  92
  97
  103
Earnings before tax, $m
  -61
  -62
  -63
  -64
  -66
  -67
  -68
  -70
  -71
  -73
  -23
  -24
  -26
  -28
  -30
  -32
  -34
  -36
  -39
  -41
  -44
  -47
  -49
  -52
  -56
  -59
  -62
  -66
  -70
  -74
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -61
  -62
  -63
  -64
  -66
  -67
  -68
  -70
  -71
  -73
  -23
  -24
  -26
  -28
  -30
  -32
  -34
  -36
  -39
  -41
  -44
  -47
  -49
  -52
  -56
  -59
  -62
  -66
  -70
  -74

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,088
  1,147
  1,208
  1,272
  1,338
  1,409
  1,482
  1,559
  1,640
  1,724
  1,813
  1,906
  2,003
  2,105
  2,212
  2,325
  2,443
  2,567
  2,696
  2,833
  2,976
  3,126
  3,283
  3,449
  3,622
  3,804
  3,995
  4,196
  4,407
  4,628
Adjusted assets (=assets-cash), $m
  1,088
  1,147
  1,208
  1,272
  1,338
  1,409
  1,482
  1,559
  1,640
  1,724
  1,813
  1,906
  2,003
  2,105
  2,212
  2,325
  2,443
  2,567
  2,696
  2,833
  2,976
  3,126
  3,283
  3,449
  3,622
  3,804
  3,995
  4,196
  4,407
  4,628
Revenue / Adjusted assets
  0.792
  0.792
  0.791
  0.792
  0.792
  0.792
  0.792
  0.792
  0.791
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
Average production assets, $m
  469
  494
  520
  548
  577
  607
  638
  672
  706
  743
  781
  821
  863
  907
  953
  1,002
  1,052
  1,106
  1,162
  1,220
  1,282
  1,347
  1,415
  1,486
  1,561
  1,639
  1,721
  1,808
  1,899
  1,994
Working capital, $m
  171
  180
  189
  199
  210
  221
  232
  244
  257
  270
  284
  299
  314
  330
  347
  365
  383
  402
  423
  444
  467
  490
  515
  541
  568
  597
  627
  658
  691
  726
Total debt, $m
  329
  356
  385
  415
  447
  480
  515
  551
  589
  629
  671
  715
  761
  810
  860
  914
  969
  1,028
  1,089
  1,154
  1,221
  1,292
  1,367
  1,445
  1,527
  1,613
  1,704
  1,799
  1,898
  2,003
Total liabilities, $m
  515
  542
  571
  601
  633
  666
  701
  737
  775
  815
  857
  901
  947
  996
  1,046
  1,100
  1,155
  1,214
  1,275
  1,340
  1,407
  1,478
  1,553
  1,631
  1,713
  1,799
  1,890
  1,985
  2,084
  2,189
Total equity, $m
  574
  604
  636
  670
  705
  742
  781
  822
  864
  909
  955
  1,004
  1,056
  1,109
  1,166
  1,225
  1,287
  1,353
  1,421
  1,493
  1,568
  1,647
  1,730
  1,817
  1,909
  2,005
  2,106
  2,211
  2,322
  2,439
Total liabilities and equity, $m
  1,089
  1,146
  1,207
  1,271
  1,338
  1,408
  1,482
  1,559
  1,639
  1,724
  1,812
  1,905
  2,003
  2,105
  2,212
  2,325
  2,442
  2,567
  2,696
  2,833
  2,975
  3,125
  3,283
  3,448
  3,622
  3,804
  3,996
  4,196
  4,406
  4,628
Debt-to-equity ratio
  0.570
  0.590
  0.610
  0.620
  0.630
  0.650
  0.660
  0.670
  0.680
  0.690
  0.700
  0.710
  0.720
  0.730
  0.740
  0.750
  0.750
  0.760
  0.770
  0.770
  0.780
  0.780
  0.790
  0.800
  0.800
  0.800
  0.810
  0.810
  0.820
  0.820
Adjusted equity ratio
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -61
  -62
  -63
  -64
  -66
  -67
  -68
  -70
  -71
  -73
  -23
  -24
  -26
  -28
  -30
  -32
  -34
  -36
  -39
  -41
  -44
  -47
  -49
  -52
  -56
  -59
  -62
  -66
  -70
  -74
Depreciation, amort., depletion, $m
  82
  84
  86
  88
  90
  92
  94
  96
  98
  101
  52
  54
  57
  60
  63
  66
  70
  73
  77
  81
  85
  89
  94
  98
  103
  109
  114
  120
  126
  132
Funds from operations, $m
  21
  22
  23
  23
  24
  25
  26
  26
  27
  28
  29
  30
  31
  32
  33
  34
  35
  37
  38
  40
  41
  43
  44
  46
  48
  50
  52
  54
  56
  58
Change in working capital, $m
  9
  9
  10
  10
  10
  11
  12
  12
  13
  13
  14
  15
  15
  16
  17
  18
  18
  19
  20
  21
  22
  24
  25
  26
  27
  29
  30
  31
  33
  35
Cash from operations, $m
  13
  13
  13
  13
  14
  14
  14
  14
  15
  15
  15
  15
  16
  16
  16
  17
  17
  17
  18
  18
  19
  19
  19
  20
  21
  21
  22
  22
  23
  23
Maintenance CAPEX, $m
  -29
  -31
  -33
  -34
  -36
  -38
  -40
  -42
  -44
  -47
  -49
  -52
  -54
  -57
  -60
  -63
  -66
  -70
  -73
  -77
  -81
  -85
  -89
  -94
  -98
  -103
  -109
  -114
  -120
  -126
New CAPEX, $m
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -59
  -62
  -65
  -68
  -71
  -75
  -78
  -82
  -86
  -91
  -95
Cash from investing activities, $m
  -53
  -56
  -59
  -62
  -65
  -68
  -72
  -75
  -79
  -83
  -87
  -92
  -96
  -101
  -106
  -111
  -117
  -123
  -129
  -136
  -143
  -150
  -157
  -165
  -173
  -181
  -191
  -200
  -211
  -221
Free cash flow, $m
  -40
  -43
  -46
  -49
  -52
  -55
  -58
  -61
  -65
  -68
  -72
  -76
  -81
  -85
  -90
  -95
  -100
  -106
  -111
  -117
  -124
  -131
  -138
  -145
  -153
  -161
  -169
  -178
  -188
  -198
Issuance/(repayment) of debt, $m
  26
  28
  29
  30
  32
  33
  35
  36
  38
  40
  42
  44
  46
  48
  51
  53
  56
  59
  61
  64
  68
  71
  75
  78
  82
  86
  90
  95
  100
  105
Issuance/(repurchase) of shares, $m
  90
  93
  95
  98
  101
  104
  107
  110
  113
  117
  69
  73
  78
  82
  87
  91
  96
  102
  107
  113
  119
  126
  132
  140
  147
  155
  163
  172
  181
  190
Cash from financing (excl. dividends), $m  
  116
  121
  124
  128
  133
  137
  142
  146
  151
  157
  111
  117
  124
  130
  138
  144
  152
  161
  168
  177
  187
  197
  207
  218
  229
  241
  253
  267
  281
  295
Total cash flow (excl. dividends), $m
  76
  77
  78
  80
  81
  82
  84
  85
  87
  89
  39
  41
  43
  45
  47
  50
  52
  55
  57
  60
  63
  66
  69
  73
  77
  80
  84
  88
  93
  98
Retained Cash Flow (-), $m
  -90
  -93
  -95
  -98
  -101
  -104
  -107
  -110
  -113
  -117
  -69
  -73
  -78
  -82
  -87
  -91
  -96
  -102
  -107
  -113
  -119
  -126
  -132
  -140
  -147
  -155
  -163
  -172
  -181
  -190
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -15
  -16
  -17
  -18
  -20
  -21
  -23
  -25
  -27
  -28
  -30
  -32
  -35
  -37
  -39
  -42
  -44
  -47
  -50
  -53
  -56
  -60
  -63
  -67
  -71
  -75
  -79
  -83
  -88
  -93
Discount rate, %
  5.00
  5.25
  5.51
  5.79
  6.08
  6.38
  6.70
  7.04
  7.39
  7.76
  8.14
  8.55
  8.98
  9.43
  9.90
  10.39
  10.91
  11.46
  12.03
  12.63
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
PV of cash for distribution, $m
  -14
  -14
  -14
  -15
  -15
  -15
  -15
  -14
  -14
  -13
  -13
  -12
  -11
  -10
  -10
  -9
  -8
  -7
  -6
  -5
  -4
  -3
  -3
  -2
  -2
  -1
  -1
  -1
  0
  0
Current shareholders' claim on cash, %
  93.8
  88.1
  82.9
  78.1
  73.7
  69.6
  65.9
  62.4
  59.1
  56.1
  54.4
  52.8
  51.3
  49.7
  48.2
  46.8
  45.3
  44.0
  42.6
  41.3
  40.0
  38.8
  37.6
  36.4
  35.3
  34.2
  33.1
  32.1
  31.1
  30.1

TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications. The Aerospace segment is a designer and manufacturer of a range of products for use in the aerospace industry. The Energy segment is a manufacturer and distributor of metallic and non-metallic gaskets, bolts, industrial fasteners and specialty products for the petroleum refining, petrochemical, oil field and industrial markets. The Engineered Components segment is a designer, manufacturer and distributor of high-pressure and acetylene cylinders for the transportation, storage and dispensing of compressed gases.

FINANCIAL RATIOS  of  TriMas (TRS)

Valuation Ratios
P/E Ratio -33.9
Price to Sales 1.7
Price to Book 2.7
Price to Tangible Book
Price to Cash Flow 17
Price to Free Cash Flow 27.7
Growth Rates
Sales Growth Rate -8.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 6.9%
Cap. Spend. - 3 Yr. Gr. Rate -4.5%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 72.2%
Total Debt to Equity 75%
Interest Coverage -4
Management Effectiveness
Return On Assets -2.9%
Ret/ On Assets - 3 Yr. Avg. 0.5%
Return On Total Capital -4.3%
Ret/ On T. Cap. - 3 Yr. Avg. -0.3%
Return On Equity -7.6%
Return On Equity - 3 Yr. Avg. -0.5%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 26.4%
Gross Margin - 3 Yr. Avg. 26.8%
EBITDA Margin -0.3%
EBITDA Margin - 3 Yr. Avg. 5.8%
Operating Margin -5.5%
Oper. Margin - 3 Yr. Avg. 1%
Pre-Tax Margin -7.3%
Pre-Tax Margin - 3 Yr. Avg. -0.7%
Net Profit Margin -5%
Net Profit Margin - 3 Yr. Avg. -0.4%
Effective Tax Rate 31%
Eff/ Tax Rate - 3 Yr. Avg. 10.7%
Payout Ratio 0%

TRS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TRS stock intrinsic value calculation we used $817.74 million for the last fiscal year's total revenue generated by TriMas. The default revenue input number comes from 0001 income statement of TriMas. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TRS stock valuation model: a) initial revenue growth rate of 5.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5%, whose default value for TRS is calculated based on our internal credit rating of TriMas, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of TriMas.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TRS stock the variable cost ratio is equal to 105.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TRS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for TriMas.

Corporate tax rate of 27% is the nominal tax rate for TriMas. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TRS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TRS are equal to 54.4%.

Life of production assets of 15.1 years is the average useful life of capital assets used in TriMas operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TRS is equal to 19.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $544.02 million for TriMas - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 45.847 million for TriMas is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of TriMas at the current share price and the inputted number of shares is $1.4 billion.

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COMPANY NEWS

▶ TriMas: 3Q Earnings Snapshot   [08:15AM  Associated Press]
▶ TriMas Reports Third Quarter 2018 Results   [08:00AM  GlobeNewswire]
▶ TriMas Rieke Business Honored for Innovation   [Sep-12-18 10:00AM  GlobeNewswire]
▶ TriMas: 2Q Earnings Snapshot   [09:33AM  Associated Press]
▶ TriMas Reports Second Quarter 2018 Results   [08:00AM  GlobeNewswire]
▶ TriMas Rieke Business Introduces New Trigger Sprayer   [Jul-06-18 11:15AM  GlobeNewswire]
▶ TriMas: 1Q Earnings Snapshot   [Apr-26-18 08:58AM  Associated Press]
▶ TriMas Reports First Quarter 2018 Results   [08:00AM  GlobeNewswire]
▶ Benzinga's Top Analyst Calls From April 3, 2018   [Apr-03-18 02:53PM  Benzinga]
▶ TriMas Aerospace Receives Supplier Award From Airbus   [Mar-15-18 02:00PM  GlobeNewswire]
▶ TriMas reports 4Q loss   [09:33AM  Associated Press]
▶ ETFs with exposure to TriMas Corp. : November 9, 2017   [Nov-09-17 01:17PM  Capital Cube]
▶ TriMas meets 3Q profit forecasts   [Oct-26-17 08:16AM  Associated Press]
▶ TriMas Reports Third Quarter 2017 Results   [08:00AM  GlobeNewswire]
▶ What You Must Know About TriMas Corporations (TRS) Risks   [Oct-03-17 03:46PM  Simply Wall St.]
▶ TriMas Announces Closing of Debt Refinancing   [Sep-20-17 12:00PM  GlobeNewswire]
▶ TriMas Announces Launch of Debt Offering   [06:24AM  GlobeNewswire]
▶ TriMas Announces Headquarters Relocation   [Aug-25-17 11:30AM  GlobeNewswire]
▶ TriMas beats Street 2Q forecasts   [Jul-27-17 04:13PM  Associated Press]
▶ TriMas Reports Second Quarter 2017 Results   [08:00AM  GlobeNewswire]
▶ ETFs with exposure to TriMas Corp. : July 25, 2017   [Jul-25-17 01:44PM  Capital Cube]
▶ TriMas Corp. Value Analysis (NASDAQ:TRS) : July 14, 2017   [Jul-14-17 06:27PM  Capital Cube]
▶ ETFs with exposure to TriMas Corp. : July 12, 2017   [Jul-12-17 03:02PM  Capital Cube]
▶ ETFs with exposure to TriMas Corp. : June 15, 2017   [Jun-15-17 03:33PM  Capital Cube]

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