TriMas Announces Increased Share Repurchase Authorization to $250 Million
TriMas Corporation (TRS)
Last trimas corporation earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
ir.trimascorp.com
Company Research
Source: Business Wire
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its Board of Directors increased the Company’s common stock share repurchase authorization to $250 million, adding $100 million to the previous share repurchase authorization approved in November 2019.“During the past year, we successfully completed a strategic repositioning of our business portfolio into the more attractive packaging and aerospace end markets, and through a divestiture, reduced our exposure to the oil and gas end markets to less than 5% of our sales,” said Thomas Amato, TriMas President and Chief Executive Officer. “In addition to our priority of investing in projects to grow our businesses through innovation and strategic bolt-on packaging and aerospace acquisitions, our capital allocation priorities continue to include returning capital to shareholders through share repurchases. We appreciate the support of our Board and our investors as we execute our long-term strategies.”As o
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TRS
Earnings
- 2/29/24 - Miss
TRS
Sec Filings
- 4/11/24 - Form 4
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- TRS's page on the SEC website