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Stock impact report

TriMas Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

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: Yahoo! Finance
BLOOMFIELD HILLS, Mich., February 29, 2024 BUSINESS WIRE )--TriMas (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2023. TriMas Highlights Achieved quarterly net sales of $209.6 million, or growth of 3.1%, as compared to the prior year quarter Increased net sales within TriMas' Packaging and Aerospace groups by 7.5% and 26.1%, respectively, as compared to fourth quarter 2022 Initiated a sale process for Arrow Engine, which when completed, would facilitate the Company's exit from the oil and gas end market Delivered an approximate 2.2% return of capital to shareholders through share buybacks and dividends in 2023 "As we concluded 2023, we were pleased by the ongoing upward trend in our order intake, sales and conversion within our TriMas Aerospace group, and also by our TriMas Packaging group's gains in order intake momentum," said Thomas Amato, TriMas President and Chief Executive Officer. "While this positive moment Show less Read more
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