---
schema_version: "secwatch.filing_event.v1"
accession: "0000842633-24-000003"
form_type: "8-K"
ticker: "TRS"
cik: "0000842633"
company_name: "TRIMAS CORP"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:39:32.699003+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TriMas Q4 net sales up 3.1% to $209.6M; adj. EPS $0.37; guides FY24 adj. EPS $1.95-$2.15

## Summary
- Q4 net income $7.9M ($0.19 diluted) vs $18.8M ($0.45) prior year; adjusted diluted EPS $0.37 vs $0.62.
- Full year net sales $893.6M (+1.1%); adjusted diluted EPS $1.74 vs $2.12 (prior year benefited $0.39 from property gains).
- Packaging segment Q4 sales +7.5%, Aerospace +26.1%; Specialty Products -31.8% on customer inventory rebalancing.
- Initiated sale process for Arrow Engine to exit oil and gas end market.
- 2024 guidance: sales up 5-8% YoY, adjusted diluted EPS $1.95-$2.15; definition expanded to add back non-cash compensation.

## SEC filing metadata
- accession: 0000842633-24-000003
- form_type: 8-K
- ticker: TRS
- cik: 0000842633
- company_name: TRIMAS CORP
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842633/000084263324000003/0000842633-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842633/000084263324000003/trs-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842633-24-000003
- JSON: https://secwatch.observer/filing/0000842633-24-000003.json
- Plain text: https://secwatch.observer/filing/0000842633-24-000003.txt

## Key facts
- Earnings Releases
  TRIMAS CORP reported Fourth quarter ended December 31, 2023 results: revenue $209.6 million, net income $7.9 million, EPS $0.19 per diluted share.
  - Period: Fourth quarter ended December 31, 2023
  - Revenue: $209.6 million
  - Net income: $7.9 million
  - EPS: $0.19 per diluted share
  - Result: reported results
  source text: TriMas reported fourth quarter 2023 net sales of $209.6 million, an increase of 3.1% compared to $203.3 million in fourth quarter 2022, as organic growth in aerospace and defense, and certain packaging product lines, as well as acquisition-related sales, more than offset lower market demand for products used in certain industrial, and oil and gas applications. The Company reported operating profit of $11.6 million in fourth quarter 2023 compared to $26.3 million in fourth quarter 2022. Adjusting for Special Items (1) , fourth quarter 2023 adjusted operating profit was $18.8 million compared to $36.3 million in the prior year period, as the favorable impacts of higher sales, operational efficiencies and costs savings gains in fourth quarter 2023 were more than offset by the $17.6 million pre-tax gain related to the non-core property divestiture in fourth quarter 2022 that did not repeat. Further adjusting for the fourth quarter 2022 property sale gain, fourth quarter 2023 adjusted opera
  evidence_url: https://www.sec.gov/Archives/edgar/data/842633/000084263324000003/0000842633-24-000003-index.htm
- Earnings Releases
  TRIMAS CORP reported Year ended December 31, 2023 results: revenue $893.6 million, net income $40.4 million, EPS $0.97 per diluted share.
  - Period: Year ended December 31, 2023
  - Revenue: $893.6 million
  - Net income: $40.4 million
  - EPS: $0.97 per diluted share
  - Result: reported results
  source text: For full year 2023, TriMas reported net sales of $893.6 million, an increase of 1.1% compared to $883.8 million in 2022, as organic sales growth in TriMas' Aerospace and Specialty Products groups, and acquisition-related sales, more than offset the lower market demand for certain TriMas Packaging products, primarily used in personal care, 1 food and industrial applications. The Company reported operating profit of $65.4 million in 2023, as compared to $99.1 million in 2022. Adjusting for Special Items (1) , 2023 adjusted operating profit was $89.5 million compared to $116.2 million in the prior year, primarily as a result of a less favorable sales mix, supply and labor constraints, and the 2022 impact of more than $22.4 million of pre-tax property divestiture gains that did not repeat in 2023. Further adjusting for the 2022 property sale gains, 2023 adjusted operating profit would have decreased by 4.6% on a comparable basis. The Company reported full year 2023 net income of $40.4 mill
  evidence_url: https://www.sec.gov/Archives/edgar/data/842633/000084263324000003/0000842633-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.