TriMas Corp. - S&P Global Ratings’ Credit Research

TriMas Corp.

TriMas Corp. - S&P Global Ratings’ Credit Research
TriMas Corp.
Published May 12, 2022
11 pages (3844 words) — Published May 12, 2022
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Overview Key strengths Key risks Portfolio of established brands with good market position in somewhat diversified end markets. Operates in cyclical and highly competitive industries. Long-term relationships with blue-chip customers and distribution partners. Concentrated customer base and geographic exposure, particularly in the packaging and aerospace segments. Above-average margins and good cash flow generation help fund business reinvestment and contribute to the company's solid liquidity position. Relatively small scale and scope of operations. TriMas experienced strong demand for its caps and closures used in rebounding sectors through the first quarter. Caps and closures used in food and beverage applications, pumps used in quick-service restaurants, and caps and closures used in industrial and agricultural end markets demonstrated solid revenue growth. The combination

  
Brief Excerpt:

...We forecast demand will remain robust across consumer packaging and industrial end markets. TriMas experienced strong demand for its caps and closures used in rebounding sectors through the first quarter. Caps and closures used in food and beverage applications, pumps used in quick-service restaurants, and caps and closures used in industrial and agricultural end markets demonstrated solid revenue growth. The combination of growth in these end markets more than offset the impact of normalizing sales of dispensing products that helped fight the spread of germs, which saw a surge in demand beginning in the second quarter of 2020. The specialty products segment also continued to experience very strong demand for its steel cylinders...

  
Report Type:

Full Report

Ticker
2730Q
Issuer
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

TriMas Corp. – 2023/05/22 – US$ 500.00

TriMas Corp. – 2024/06/28 – US$ 500.00

TriMas Corp. – 2025/08/06 – US$ 500.00

Tear Sheet: TriMas Corp. – 2026/11/06 – US$ 500.00

TriMas Corp. – 2021/02/26 – US$ 500.00

TriMas Corp. – 2020/02/12 – US$ 500.00

TriMas Corp. – 2019/01/30 – US$ 500.00

Summary: TriMas Corp. – 2019/01/30 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "TriMas Corp." May 12, 2022. Alacra Store. Nov 09, 2026. <http://www.alacrastore.com/s-and-p-credit-research/TriMas-Corp-2838005>
  
APA:
S&P Global Ratings’ Credit Research. (). TriMas Corp. May 12, 2022. New York, NY: Alacra Store. Retrieved Nov 09, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/TriMas-Corp-2838005>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.