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TriMas designs, develops and manufactures a diverse portfolio of products primarily for the consumer products, aerospace and defense, and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. We believe our businesses share important attributes, including: innovative produc t technologies and features; customer-approved processes and qualified…
Operating margin is thin at 6.40%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.4%, essentially flat. This is a business that needs a catalyst.
Net debt of $479M represents 6.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$662M
▲ +2.4% YoY
Net Income (TTM)
$909M
▲ +395.4% YoY
Op. Margin
6.20%
▲ +4.0pp YoY
ROIC
2.59%
▲ +1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$48M
▲ +439.0% YoY
Op. Cash Flow (TTM)
$89M
▲ +84.1% YoY
Net Debt
-$870M
Net Cash Position
Cash & Equiv.
$1.31B
5Y CAGR: -3.5%
5Y CAGR: -4.5%
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