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

TriMas Corp.

TriMas Corp. - S&P Global Ratings’ Credit Research
TriMas Corp.
Published Jun 28, 2024
11 pages (3832 words) — Published Jun 28, 2024
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. At the beginning of the year, TriMas announced its plan to sell its Arrow Engine business. Arrow Engine, which manufactures natural gas-powered engines used in oil and natural gas production and other industrial markets, is expected to generate about $30 million of sales and $5 million of company-adjusted

  
Brief Excerpt:

...In our view, TriMas Corp.'s sale of its Arrow Engine business results in a modest decrease in its scale and product diversification; however, it also eliminates the company's exposure to the volatile oil and gas end market. At the beginning of the year, TriMas announced its plan to sell its Arrow Engine business. Arrow Engine, which manufactures natural gas-powered engines...

  
Report Type:

Full Report

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


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "TriMas Corp." Jun 28, 2024. Alacra Store. Nov 08, 2026. <http://www.alacrastore.com/s-and-p-credit-research/TriMas-Corp-3204893>
  
APA:
S&P Global Ratings’ Credit Research. (). TriMas Corp. Jun 28, 2024. New York, NY: Alacra Store. Retrieved Nov 08, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/TriMas-Corp-3204893>
  
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