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-0.00636739891754216 -0.00509391913403375 -0.00350206940464818 0.0117796879974531 0.00668576886341932 0.00111429481056989 0.00795924864692773 -0.00477554918815659
Stock impact report

TriMas Announces Increased Share Repurchase Authorization to $150 Million

TriMas Corporation (TRS) 
Last trimas corporation earnings: 4/30 08:00 am Check Earnings Report
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 has increased the Company’s common stock share repurchase authorization to a total of up to $150 million, adding to the $65.4 million remaining under the previous authorization.“Increasing our share repurchase authorization reinforces our long-term commitment to returning capital to shareholders and the Board’s confidence in TriMas’ future,” said Thomas Snyder, TriMas President and Chief Executive Officer. “While market factors influence our equity market valuation, we believe our current stock price does not fully reflect the underlying value and growth potential of our businesses. We will continue to monitor market conditions and refine our capital allocation strategy as appropriate, particularly in light of the pending sale of our Aerospace business.”The extent to which TriMas repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors Show less Read more
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