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Stock impact report

TriMas Announces Continued Review of Portfolio Actions to Maximize Shareholder Value

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: Business Wire
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS), a leading global provider of engineered products that goes to market through its leading brands within its TriMas Packaging, TriMas Aerospace and Specialty Products groups, today announced that the Company is taking continued actions toward the goal of streamlining and optimizing the business portfolio. The TriMas Board of Directors regularly reviews the Company’s strategic priorities and remains open-minded to opportunities to enhance shareholder value.The TriMas Board and management team have been actively exploring a range of potential options, particularly over the past year, to accelerate the focus of its business portfolio. On January 31, 2025, the Company announced that it had completed the sale of its Arrow Engine business, facilitating the exit of its only remaining business in the oil and gas end market. As a next step and part of the Board’s ongoing review of strategic priorities, TriMas is further assessin Show less Read more
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