BLOOMFIELD HILLS, Michigan, February 7, 2025 – TriMas (NASDAQ: TRS) announced today that it will host its fourth quarter and full year 2024 earnings conference call on Thursday, February 27, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of fourth quarter and full year 2024 earnings results at 8 a.m. that day.
To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas fourth quarter and full year 2024 earnings conference call. The conference call will also be simultaneously webcast via TriMas’ website at www.trimas.com, under the “Investors” section, with an accompanying slide presentation.
If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning February 27 at 3 p.m. Eastern Time through March 13 at 3 p.m. Eastern Time. To access the replay, please dial: (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) and use meeting ID 13751681 to access or visit the “Investors” section of the Company’s website.
About TriMas
TriMas designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets, through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Sherry Lauderback
Vice President, Investor Relations & Communications
(248) 631-5506
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BLOOMFIELD HILLS, Michigan, January 31, 2025 – TriMas (NASDAQ: TRS) today announced the successful completion of the previously announced sale of its Arrow Engine business, thereby exiting its direct presence in the oil and gas market sector. The sale was finalized with IES Infrastructure Solutions LLC, a division of IES Holdings, Inc. (NASDAQ: IESC), and a provider of electrical and mechanical apparatus services, custom steel fabrication and custom-engineered solutions, including generator enclosures and bus systems to customers both in the United States and abroad. The transaction closed on January 31, 2025.
“Founded in 1955, Arrow Engine was a legacy TriMas business and part of the TriMas portfolio for several decades,” said Thomas Amato, TriMas President and Chief Executive Officer. “We are pleased to place this business with IES Infrastructure Solutions, the right partner to take Arrow Engine to the next level. This move is another important step in optimizing TriMas’ business portfolio.”
Arrow Engine is a provider of natural gas-powered engines, typically used in remote applications such as for oil field pump jacks, compressors and replacement parts, which are engineered for use in oil and natural gas production and other industrial markets. Arrow Engine distributes its products through a worldwide distribution network, primarily focused on the United States and Canada. Arrow Engine manufactures its own engine line and also offers a wide variety of spare parts for various industrial engines not manufactured by Arrow Engine. Arrow Engine, with an estimated 2024 revenue of approximately $20 million, will become part of IES’s Infrastructure Solutions segment and continue to operate under the Arrow name.
“We would like to thank the Arrow Engine management team for its contributions to TriMas and its leadership throughout the sale process. We remain committed to ensuring a smooth transition to IES Infrastructure Solutions, while continuing to deliver the highest level of service to Arrow Engine’s customers,” concluded Amato.
Woodward Park Partners acted as exclusive financial advisor and led the sale process, while Holland & Knight served as outside legal counsel for TriMas.
As a result of this transaction’s successful completion, the 2025 segment reporting for Specialty Products will include only Norris Cylinder’s financial performance, along with one month of Arrow Engine’s results.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; pressures on our supply chain, including
availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance (“ESG”) goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises, the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; our ability to successfully complete the sale of our Arrow Engine business; and other risks that are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.
Contact
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
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U.S.-based Sites Earn Gold for Second Consecutive Year
BLOOMFIELD HILLS, Michigan, January 29, 2025 – TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has retained the Gold level rating for its Environment, Social and Governance (ESG) initiatives. This achievement places TriMas Packaging’s U.S.-based sites, assessed under the name Rieke LLC, in the top 5% of more than 130,000 companies assessed by EcoVadis globally, highlighting the company’s commitment to sustainable and responsible business practices.
EcoVadis is a globally trusted leader in business sustainability assessments and its methodology is based on international sustainability standards, including the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The EcoVadis scorecard evaluates companies across 21 criteria, grouped into four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. These assessments provide an evidence-based analysis of sustainability performance and an actionable roadmap to support continuous improvement and drive impactful change.
“Sustainability and corporate social responsibility are fundamental principles that drive our daily operations,” commented Fabio Salik, TriMas Packaging Group President. “Achieving EcoVadis Gold reflects the shared commitment of our employees, customers, suppliers and stakeholders. Together, we are making significant progress that strengthens our business while positively impacting the environment and the communities we serve.”
For more information about TriMas’ sustainability initiatives, please visit trimas.com/sustainability.
About TriMas Packaging
TriMas Packaging serves its global customers with its market-leading brands, consisting of Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl and Aarts Packaging. TriMas Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 26 locations worldwide, TriMas Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit www.trimaspackaging.com.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
This email address is being protected from spambots. You need JavaScript enabled to view it.
BLOOMFIELD HILLS, Michigan, January 21, 2025 – TriMas Packaging, the largest operating group of TriMas (NASDAQ: TRS), is excited to announce its participation in two upcoming trade shows, where the Company will showcase its diverse portfolio of innovative and sustainable dispensing and closure product solutions.
TriMas Packaging will be attending the following trade shows:
Paris Packaging Week
• Date: January 28-29th, 2025
• Location: Paris Porte de Versailles, Paris, France
• Booth: #Q62 in the PCD showcase
TriMas Packaging’s family of brands will present their core dispensing and closure product offerings alongside their latest sustainable innovations. Featured products include the new Singolo™ fully recyclable foaming dispenser pump, an enhanced version of the original Singolo™ 2cc dispenser, 100% polyethylene terephthalate (PET) jars for hair care applications, and advanced color cosmetic packaging, such as 100% polypropylene (PP) lip gloss containers and compacts. The exhibit will also feature high-end fragrance pumps and closures, complete with a full range of decoration options, including metallization, high-gloss coating and hot stamping.
LUXE PACK
• Date: February 12-13th, 2025
• Location: L.A. Convention Center, Los Angeles, California
• Booth: #B23
Making its debut at this event, TriMas Packaging will spotlight its comprehensive beauty and personal care portfolio, with a focus on customizable color cosmetic packaging and versatile lotion pumps, specialty treatment pumps and airless dispensing systems. Airless dispensing is used in packaging applications to protect critical lotion formulas from oxidation so consumers may better enjoy the beauty and skin care benefits. Additionally, the showcase will feature sustainable packaging solutions designed to meet the growing demand for eco-conscious options in the beauty sector.
“These events provide valuable opportunities for TriMas Packaging as we continue to expand our presence in the growing beauty, cosmetic and personal care markets,” said Fabio Salik, TriMas Packaging Group President. “From prestige fragrance pumps and fully recyclable dispensing solutions to advanced makeup and skin care packaging, our offerings reflect our commitment to innovation, sustainability and meeting the evolving demands of our customers worldwide.”
About TriMas Packaging
TriMas Packaging serves its global customers with its market-leading brands, consisting of Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl and Aarts Packaging. TriMas Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 26 locations worldwide, TriMas Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit www.trimaspackaging.com.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Kristin Reim
Communications Specialist
(615) 927-1908
This email address is being protected from spambots. You need JavaScript enabled to view it.
Fully Recyclable Dispenser Added to its Singolo™ Product Line
BLOOMFIELD HILLS, Michigan, January 14, 2025 – TriMas Packaging, the largest operating group of TriMas (NASDAQ: TRS), today announced that it has added to its breadth of commercially available, fully recyclable, all-plastic dispensers with the launch of a new foaming pump under its patented Singolo™ product line.
The new foaming dispenser offers a sustainable alternative to traditional pump designs by incorporating an innovative polymeric spring, replacing a conventional metallic spring, thereby facilitating direct recyclability. While maintaining a familiar look, feel and smooth actuation for ease of use, the foaming dispenser is fully customizable with various neck sizes, head shapes and colors. Importantly, it also accommodates different liquid viscosities and container designs. Approved by the Association of Plastic Recyclers (APR), this versatile foaming dispenser is ideal for a wide range of beauty, personal care and home care applications, including hand soaps and body washes, hair care products and kitchen soaps. The Singolo foamer pump is made solely from recyclable plastic materials, providing consumers with excellent dispensing performance, while also making it post-consumer recyclable (“PCR”) ready. TriMas Packaging’s Singolo product line includes PCR-ready dispensers ranging from 2 cc to 4 cc, in addition to the new Singolo foaming dispenser with functionality in the 0.8 cc to 1.5 cc range.
“At TriMas Packaging, we are dedicated to advancing sustainability across all aspects of our packaging solutions, and our fully recyclable Singolo product family of dispensers exemplifies our commitment to this effort,” said Fabio Salik, TriMas Packaging Group President. “As a leader in innovative packaging solutions, we prioritize designs that benefit our customers and the environment. This new Singolo foaming dispenser, with its outstanding performance and wide-ranging compatibility, enables our customers’ brand owners in beauty, personal care and home care to deliver exceptional consumer experiences while meeting their sustainability goals.”
TriMas Packaging’s new foaming dispenser will debut at the Paris Packaging Week trade show on January 28-29, showcased alongside the company’s extensive portfolio of innovative and sustainable dispensing and closure solutions for beauty, personal care and cosmetic applications.
About TriMas Packaging
TriMas Packaging serves its global customers with its market-leading brands, consisting of Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl and Aarts Packaging. TriMas Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 26 locations worldwide, TriMas Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit www.trimaspackaging.com.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ
under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit
www.trimas.com.
Contact
Kristin Reim
Communications Specialist
(615) 927-1908
This email address is being protected from spambots. You need JavaScript enabled to view it.
