TriMas Q4 sales rise 12.5%, boosts buyback

Overview

• Industrial products maker's Q4 net sales rose 12.5% yr/yr

• Company repurchased over 3 mln shares, increased buyback authorization

• Aerospace segment moved to discontinued operations, divestiture on track for Q1 2026

Outlook

• TriMas expects 2026 sales growth of 3% to 6% year-over-year

• Company anticipates over 300 basis points improvement in operating profit margin in 2026

• TriMas plans to use Aerospace sale proceeds for growth investments and share repurchases

Result Drivers

• PACKAGING GROWTH - Q4 sales growth driven by higher demand in industrial and life science markets, offset by softer demand in food and beverage packaging

• COST REDUCTION - TriMas implemented cost reduction initiatives expected to generate $15 million in annualized savings

• AEROSPACE DIVESTITURE - Aerospace segment moved to discontinued operations; divestiture on track to close in Q1 2026

Company press release: ID:nBwc21b4wa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

• Wall Street's median 12-month price target for TriMas Corp is $41.50, about 12.6% above its February 25 closing price of $36.85

• The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 14 three months ago

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