TriMas Corp

trimas.com

What Do They Do?

Makes dispensing systems, closures and steel cylinders for consumer products, life sciences and industrial customers.

How Do They Make Money?

Customers pay for dispensing and closure products and steel cylinders, usually when the goods ship; most sales are one-time shipments under standard payment terms.

revenue

Segment	Share	Revenue	How money arrives
Packaging Sold outright	83% FY2022: 59%		Sold outright
Specialty Products Sold outright	17% FY2022: 20%		Sold outright

Who Are Their Customers?

Packaging sells to consumer products, life sciences and industrial companies directly and through distributors, agents, and filling or packaging intermediaries. Specialty Products sells to industrial and government customers through direct sales and distributors.

Do Revenues Turn Into Profits?

Yes. It kept 19 cents of every revenue dollar as net income in FY2025 and turned 11 cents into free cash flow.

Operating income, FY2025

6% of revenue

▲ +172% vs FY2024 ($15.2M, 2%)

Net income, FY2025

19% of revenue

▲ +395% vs FY2024 ($24.3M, 4%)

Free cash flow, FY2025

11% of revenue

▲ +439% vs FY2024 ($12.8M, 2%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +2%; vs $171.8M in Q2 FY2025
Net income: ▼ −20%; vs $16.7M in Q2 FY2025

Packaging share of revenue vs 83.3% in Q2 FY2025

Mar 18, 2026 TriMas completed the sale of its aerospace business The sale closed for $1.45 billion in cash, subject to customary adjustments.

Shrinking. Revenue fell 25% in 4 years, from $857.1M in FY2021 to $645.7M in FY2025, about 7% a year.

Aerospace sale The older report included Aerospace as a reportable segment; the latest report treated it as discontinued, and TriMas completed its sale after the report.

Arrow Engine divestiture The older report listed Arrow Engine within Specialty Products; the latest report says TriMas sold Arrow Engine and exited direct participation in oil and gas.

Revenue over time

Packaging Specialty Products Aerospace

$1B$500M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Amcor, Aptar, Bericap, Greif, Mold-Rite, Phoenix Closures, Silgan, Technocraft, Beijing Tianhai Industry, ENK, Everest Kanto Cylinder, Faber, MAT S/A Gas Cylinders, Zhejiang Jindun Pressure Vessel, Ateliers de la Haute Garonne, Precision Castparts, Howmet Aerospace, LISI Aerospace, and Senior Aerospace

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