Good market positions in relatively diversified and niche end markets; Production disruptions, operational issues, and industry trends have led to some challenges in the aerospace segment over the past year; Expected strength in the company's packaging and aerospace segments going forward are expected to offset weakness in energy and engineered components; Limited geographic diversity, with over 75% of revenues generated in the U.S.; and Operates in competitive and cyclical industries. History of free cash flow generation; Moderate leverage that provides substantial debt capacity for acquisitions; Strategy to pursue debt-financed, bolt-on acquisitions; and We assume no dividends or share repurchases over the next 12 months in our projections. S&P Global Ratings' outlook is stable. TriMas Corp.?s good market position, steady operating
