TRS on Nasdaq

TRIMAS CORP

TRIMAS CORP is an American metal forgings and stampings company based in Bloomfield Hills.1 Its shares trade on Nasdaq under the symbol TRS.1

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Last updated Oct 21, 2026.

Overview

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  • TickerTRS on Nasdaq1
  • IndustryMetal Forgings & Stampings1
  • HeadquartersBloomfield Hills, Michigan1
  • Incorporated inDE2
  • Business address38505 Woodward Avenue, Suite 200, Bloomfield Hills, Mi 483042
  • Filer categoryLarge accelerated filer2

TriMas designs, develops and manufactures a diverse portfolio of products primarily for the consumer products, aerospace and defense, and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. We believe our businesses share important attributes, including: innovative produc t technologies and features; customer-approved processes and qualified products; demonstrated operating discipline; strong cash generation; long-term growth opportunities; and a commitment to sustainability. Headquartered in Bloomfield Hills, Michigan, TriMas, including our Aerospace operations, has approximately 3,700 employees who serve our customers from 37 manufacturing and support locations in 13 countries.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.4%Gross margin5
6.4%Operating margin5
18.6%Net margin5
2.4%Revenue growth, 20255
17.0%Return on equity5
0.67×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue63¢$507.6M
  • Selling, general and admin16¢$129.3M
  • Income tax6¢$48.0M
  • Profit15¢$120.1M

Out of $645.7M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid6¢$6.6M
  • Share buybacks88¢$103.3M
  • Kept or used elsewhere6¢$7.5M

Out of $117.5M of cash from operations.5

Financial statements

Revenue67895$645.7M in 2025−11% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $723.5M$723.5M20192020: $770.0M$770.0M2020+6%2021: $857.1M$857.1M2021+11%2022: $883.8M$883.8M2022+3%2023: $652.1M$652.1M2023−26%2024: $630.8M$630.8M2024−3%2025: $645.7M$645.7M2025+2%
Gross profit67895$138.2M in 2025−29% since 2019
0$100.0M$200.0M$300.0M2019: $193.9M$193.9M20192020: $182.1M$182.1M2020−6%2021: $217.2M$217.2M2021+19%2022: $208.3M$208.3M2022−4%2023: $153.3M$153.3M2023−26%2024: $129.5M$129.5M2024−15%2025: $138.2M$138.2M2025+7%
Operating income67895$41.3M in 2025−55% since 2019
-$100.0M-$50.0M0$50.0M$100.0M2019: $91.2M$91.2M20192020: -$88.3M-$88.3M20202021: $95.1M$95.1M20212022: $99.1M$99.1M2022+4%2023: $50.7M$50.7M2023−49%2024: $15.2M$15.2M2024−70%2025: $41.3M$41.3M2025+172%
Net income67895$120.1M in 2025+22% since 2019
-$100.0M-$50.0M0$50.0M$100.0M$150.0M2019: $98.6M$98.6M20192020: -$79.8M-$79.8M20202021: $57.3M$57.3M20212022: $66.2M$66.2M2022+15%2023: $40.4M$40.4M2023−39%2024: $24.2M$24.2M2024−40%2025: $120.1M$120.1M2025+395%
Fiscal year2019202020212022202320242025
Revenue$723.5M6$770.0M7$857.1M8$883.8M9$652.1M5$630.8M5$645.7M5
Cost of revenue$529.6M6$587.9M7$639.9M8$675.5M9$498.9M5$501.3M5$507.6M5
Gross profit$193.9M6$182.1M7$217.2M8$208.3M9$153.3M5$129.5M5$138.2M5
Selling, general and admin$102.5M6$134.5M7$122.0M8$131.2M9$102.5M5$109.7M5$129.3M5
Operating income$91.2M6-$88.3M7$95.1M8$99.1M9$50.7M5$15.2M5$41.3M5
Interest$13.9M6$14.7M7$14.5M8$14.1M8$15.9M8
Income before tax$69.1M8$87.7M9$35.9M5-$4.2M5$24.3M5
Income tax$16.3M6-$22.9M7$11.8M8$21.5M9$6.3M5-$2.2M5-$48.0M5
Net income$98.6M6-$79.8M7$57.3M8$66.2M9$40.4M5$24.2M5$120.1M5
Earnings per share$2.186-$1.837$1.338$1.579$0.975$0.605$2.975
Earnings per share (diluted)$2.166-$1.837$1.328$1.569$0.975$0.605$2.955
Shares (weighted, basic)43.0M shares842.2M shares941.4M shares540.7M shares540.4M shares5
Shares (weighted, diluted)43.3M shares842.5M shares941.7M shares540.7M shares540.8M shares5

Compare TRIMAS CORP with another company

Corporate structure

TRIMAS CORP sits at the top of its group. 26 entities, 11 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TRIMAS CORP

  • TRIMAS CORP Bloomfield Hills, Michigan
    • Aarts Packaging B.V. Subsidiary · Netherlands
    • Affaba & Ferrari S.r.L Subsidiary · Italy
    • Allfast Fastening Systems, LLC Subsidiary · California, United States
    • Boost Holdco Company Subsidiary · Delaware, United States
    • Haining Rieke Packaging Systems Co., Ltd. Subsidiary · China
    • Intertech Medical, LLC Subsidiary · Colorado, United States
    • Intertech Plastics, LLC Subsidiary · Colorado, United States
    • Mac Fasteners, Inc. Subsidiary · Kansas, United States
    • Martinic Engineering, Inc. Subsidiary · California, United States
    • Monogram Aerospace Fasteners, Inc. Subsidiary · Delaware, United States
    • Norris Cylinder Company Subsidiary · Delaware, United States
    • Omega Plastics, Inc. Subsidiary · Michigan, United States
    • Plastic S.r.L. Subsidiary · Italy
    • Rapak, LLC Subsidiary · Delaware, United States
    • Rieke de Mexico Manufacturing, S. de R.L. de C.V. Subsidiary · Mexico
    • Rieke Germany Holdings GmbH Subsidiary · Germany
    • Rieke LLC Subsidiary · Indiana, United States
    • Rieke Packaging India Private Limited Subsidiary · India
    • Rieke Packaging Systems Limited Subsidiary · United Kingdom
    • RSA Engineered Products, LLC Subsidiary · Delaware, United States
    • Taplast S.r.L. Subsidiary · Italy
    • Taplast SK, s.r.o. Subsidiary · Slovakia
    • TFI Aerospace ULC Subsidiary · Alberta, Canada
    • TriMas Aerospace Germany GmbH Subsidiary · Germany
    • TriMas Packaging Brasil Ltda. Subsidiary · Brazil

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TRIMAS CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$524.8M5 Dec 31, 2025$490.4M5 Dec 31, 2024+7.0%
Accumulated depreciation$277.3M5 Dec 31, 2025$252.7M5 Dec 31, 2024+9.8%
Property and equipment, net$247.5M5 Dec 31, 2025$237.7M5 Dec 31, 2024+4.1%
Finance-lease assets$2.1M5 Dec 31, 2025$2.1M5 Dec 31, 2024+1.9%
Operating-lease assets (leased space)$31.8M5 Dec 31, 2025$32.4M5 Dec 31, 2024−2.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$30.0M5 Dec 31, 2025$23.1M5 Dec 31, 2024+30.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$300.3M5 Dec 31, 2025$287.1M5 Dec 31, 2024+4.6%
Intangible assets, net (excluding goodwill)$76.5M5 Dec 31, 2025$78.4M5 Dec 31, 2024−2.3%
Accumulated amortization$163.0M5 Dec 31, 2025$156.4M5 Dec 31, 2024+4.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$108.7M5 Dec 31, 2025$110.4M5 Dec 31, 2024−1.6%
Raw materials$39.0M5 Dec 31, 2025$43.8M5 Dec 31, 2024−10.9%
Work in process$24.1M5 Dec 31, 2025$22.7M5 Dec 31, 2024+6.4%
Finished goods$45.5M5 Dec 31, 2025$43.9M5 Dec 31, 2024+3.6%

Properties, in its own words

Our principal manufacturing facilities range in size from approximately 10,000 square feet to approximately 255,000 square feet. Except as set forth in the table below, all of our manufacturing facilities are owned. The leases for our manufacturing facilities have terms that expire from 2026 through 2033 and are generally renewable, at our option, for various terms, provided that we are not in default under the lease agreements. Substantially all of our owned U.S. real properties are subject to liens in connection with our credit facility. TriMas' corporate executive office is located in Bloomfield Hills, Michigan, which is leased through June 2033. Our buildings have been generally well maintained, are in good operating condition and are adequate for current production requirements.

The following list sets forth the location of our principal owned and leased manufacturing and other facilities used in continuing operations and identifies the principal segment utilizing such facilities as of December 31, 2025:

The rest of Item 2

Packaging · Specialty Products

United States:

Alabama · Huntsville

Arkansas · Atkins(1)

Colorado · Denver(1)

Illinois · Woodridge(1)

Indiana · AuburnHamilton(1)Indianapolis(1)

Michigan · Clinton Township(1)

Ohio · New Albany(1)

Texas · Longview

International:

Brazil · Sao Paulo(1)

China · Haining City(1)

Germany · Neunkirchen

India · BaddiNew Delhi(1)

Italy · Borgo San Giovanni(1)ForliPieve Fissiraga(1)Povolaro

Mexico · San Miguel de Allende(1)

Netherlands · Waalwijk(1)

Slovakia · Levice(1)

United Kingdom · Leicester

Vietnam · Tan Uyen(1)

______________________

(1)Represents a leased facility. All such leases are operating leases.

Item 2 of the 10-K filed Mar 2, 2026.4

Leadership

Who has led TRIMAS CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Aarts Packaging B.V. Netherlands3
  • Affaba & Ferrari S.r.L Italy3
  • Allfast Fastening Systems, LLC California3
  • Boost Holdco Company Delaware3
  • Haining Rieke Packaging Systems Co., Ltd. China3
  • Intertech Medical, LLC Colorado3
  • Intertech Plastics, LLC Colorado3
  • Mac Fasteners, Inc. Kansas3
  • Martinic Engineering, Inc. California3
  • Monogram Aerospace Fasteners, Inc. Delaware3
  • Norris Cylinder Company Delaware3
  • Omega Plastics, Inc. Michigan3
  • Plastic S.r.L. Italy3
  • RSA Engineered Products, LLC Delaware3
  • Rapak, LLC Delaware3
  • Rieke Germany Holdings GmbH Germany3
  • Rieke LLC Indiana3
  • Rieke Packaging India Private Limited India3
  • Rieke Packaging Systems Limited United Kingdom3
  • Rieke de Mexico Manufacturing, S. de R.L. de C.V. Mexico3
  • TFI Aerospace ULC Alberta3
  • Taplast S.r.L. Italy3
  • Taplast SK, s.r.o. Slovakia3
  • TriMas Aerospace Germany GmbH Germany3
All 27 listed subsidiaries
  • TriMas Company LLC Delaware3
  • TriMas Corporation Limited United Kingdom3
  • TriMas Packaging Brasil Ltda. Brazil3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 30, 20268-K Results of operations51
  2. May 21, 20268-K Shareholder vote52
  3. Apr 30, 20268-K Results of operations53
  4. Mar 18, 20268-K Completed an acquisition or sale; Regulation FD disclosure54
  5. Mar 12, 20268-K Executive or director change55
  6. Feb 27, 20268-K Executive or director change56
  7. Feb 26, 20268-K Results of operations57
  8. Dec 4, 20258-K Executive or director change58
  9. Nov 5, 20258-K Entered a material agreement; Regulation FD disclosure59
  10. Oct 28, 20258-K Results of operations60
  11. Jul 29, 20258-K Results of operations61
  12. Jun 9, 20258-K Executive or director change62
  13. Aug 2, 2016New chief executive Thomas A. Amato becomes CEO14
  14. Jan 23, 2009New chief executive David M. Wathen becomes CEO15
  15. May 17, 2007New chief executive Grant H. Beard becomes CEO16

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.61 a share, on Oct 28, 2025.63

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results51
  2. Apr 30, 2026Reported quarterly or annual results53
  3. Feb 26, 2026Reported quarterly or annual results57
  4. Oct 28, 2025Reported quarterly or annual results60
  5. Jul 29, 2025Reported quarterly or annual results61
  6. Apr 29, 2025Reported quarterly or annual results64
  7. Feb 27, 2025Reported quarterly or annual results65
  8. Nov 4, 2024Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

321 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 168 insider forms, 50 large holders, 43 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 7, 2026SCHEDULE 13G/A EDGAR
  3. Aug 14, 20264 EDGAR
  4. Jul 31, 202610-Q EDGAR
  5. Jul 30, 20268-K EDGAR
  6. Jul 16, 20264 EDGAR
  7. Jul 1, 20264 EDGAR
  8. Jun 30, 2026144 EDGAR
  9. Jun 25, 20264 EDGAR
  10. Jun 8, 2026SCHEDULE 13D/A EDGAR
  11. May 27, 2026SD EDGAR
  12. May 21, 20268-K EDGAR
  13. May 15, 20264 EDGAR
  14. May 7, 20264 EDGAR
  15. May 7, 2026144 EDGAR
  16. May 5, 2026144 EDGAR
  17. Apr 30, 202610-Q EDGAR
  18. Apr 30, 20268-K EDGAR
  19. Apr 16, 20264 EDGAR
  20. Mar 31, 2026ARS EDGAR

The 321 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

75 open-market trades by officers, directors and large owners since October 2021: 55 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 12, 2026Tredwell Daniel PDirectorBuy64$39.63$2.5KForm 4
Jun 30, 2026Parker Herbert KDirectorSale15,000$45.03$675.5KForm 4
May 13, 2026Tredwell Daniel PDirectorBuy62$40.58$2.5KForm 4
May 7, 2026Robin Jodi F.General Counsel and SecretarySale2,000$41.61$83.2KForm 4
May 5, 2026Robin Jodi F.General Counsel and SecretarySale3,000$41.10$123.3KForm 4
Mar 5, 2026Tredwell Daniel PDirectorBuy60$39.38$2.4KForm 4
Nov 12, 2025Tredwell Daniel PDirectorBuy74$31.94$2.4KForm 4
Nov 11, 2025Fielkow Jeffrey ADirectorBuy2,000$31.46$62.9KForm 4
Aug 11, 2025Tredwell Daniel PDirectorBuy66$35.39$2.3KForm 4
Jun 5, 2025SHAPIRA ADRIANNEDirectorBuy4,000$25.82$103.3KForm 4
Jun 4, 2025SHAPIRA ADRIANNEDirectorBuy1,200$26.31$31.6KForm 4
May 22, 2025Trend International Holding AG10% ownerBuy72,937$26.16$1.9MForm 4
May 21, 2025Trend International Holding AG10% ownerBuy410,172$25.43$10.4MForm 4
May 20, 2025SEDAGHAT SHAWNDirectorBuy104,957$25.70$2.7MForm 4
May 19, 2025SEDAGHAT SHAWNDirectorBuy254,400$25.39$6.5MForm 4
May 19, 2025Fielkow Jeffrey ADirectorBuy500$24.98$12.5KForm 4
May 12, 2025Tredwell Daniel PDirectorBuy95$24.72$2.3KForm 4
May 1, 2025Trend International Holding AG10% ownerBuy16,930$23.99$406.2KForm 4
Apr 30, 2025Trend International Holding AG10% ownerBuy123,388$23.83$2.9MForm 4
Mar 10, 2025SEDAGHAT SHAWNDirectorBuy554,149$24.07$13.3MForm 4

All 75 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Thomas J. SnyderPresident and CEO59$415.4K$12.1M81
2025Thomas A. AmatoFormer President and CEO$387.7K$4.4M81
2025Jodi F. RobinGeneral Counsel and Secretary45$414.9K$1.8M81
2025Jill S. StressFormer CHRO$366.2K$1.5M81
2025Scott A. MellFormer CFO$110.6K$1.3M81
2025Teresa M. FinleyFormer Interim CFO$443.1K$1.1M81
2025Paul A. SwartCFO50$17.3K$129.3K81
2024Thomas A. AmatoFormer President and CEO$778.1K$4.0M81
2024Scott A. MellFormer CFO$476.6K$1.2M81
2024Jodi F. RobinGeneral Counsel and Secretary45$388.8K$792.6K81
2024Jill S. StressFormer CHRO$342.5K$703.7K81
2023Thomas A. AmatoFormer President and CEO$741.2K$4.0M81
2023Scott A. MellFormer CFO$440.3K$1.1M81
2023Jodi F. RobinGeneral Counsel and Secretary45$342.9K$719.3K81
2023Jill S. StressFormer CHRO$295.1K$669.8K81

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,530,345$113.9M0.0%+33,302
Dimensional Fund Advisors LP2,259,471$101.7M0.0%−420
Allspring Global Investments Holdings, LLC1,904,393$82.4M0.1%−605,526
Vanguard Portfolio Management LLC1,681,687$75.7M0.0%−93,625
Vanguard Capital Management LLC1,408,899$63.4M0.0%−172,440
Advisory Research Inc1,211,587$54.6M5.4%+91,901
Permian Investment Partners, LP1,165,414$52.5M6.0%−37,086
American Century Companies Inc1,150,388$51.8M0.0%+919,944
Geode Capital Management, LLC1,019,286$45.9M0.0%+146,749
Jefferies Financial Group Inc.981,933$44.2M0.4%−567,729
Punch & Associates Investment Management, Inc.807,292$36.4M1.8%+562,573
State Street Corp784,145$35.3M0.0%−32,460
First Eagle Investment Management, LLC663,112$29.9M0.0%+345,106
Arrowstreet Capital, Limited Partnership579,276$26.1M0.0%+221,889
Nuveen, LLC566,498$25.5M0.0%+1,657
Massachusetts Financial Services Co /ma/543,685$24.5M0.0%−78,400
Two Sigma Investments, LP453,425$20.4M0.0%−16,966
Citadel Advisors LLC432,376$19.5M0.0%−12,507
Loomis Sayles & Co L P430,537$19.4M0.0%−6,384
Charles Schwab Investment Management Inc424,865$19.1M0.0%−58,976
Morgan Stanley395,385$17.8M0.0%−1,095,727
Bank of New York Mellon Corp365,929$16.5M0.0%+184,781
Oberweis Asset Management Inc/362,000$16.3M0.3%New
First Manhattan Co. Llc.329,720$14.8M0.0%−11,250
Jane Street Group, LLC319,484$14.4M0.0%−70,822

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How TRIMAS CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTRIMAS CORP1
  • CIK0000842633
  • Employer ID (EIN)38-26876394
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3460 Metal Forgings & Stampings1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address38505 Woodward Avenue, Suite 200, Bloomfield Hills, MI 483041
  • Phone24863154001
  • Shares outstanding35,873,873 as of Jul 23, 202611
  • Public float$1.0B as of Jun 30, 20254
  • AuditorDeloitte & Touche LLP, Detroit, Michigan PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceFeb 11, 19941
  • Filings1,485 in all: 4 (708), 8-K (254), SC 13G/A (86), 10-Q (83), 3 (41), SC 13G (36), UPLOAD (25), 10-K (24)1
    All 52 form types

    144 (23), DEF 14A (22), CORRESP (17), SD (13), SC 13D/A (11), SCHEDULE 13G/A (11), 424B3 (9), S-1/A (9), S-8 (9), 4/A (8), DEFA14A (8), SC 13E3/A (7), S-4/A (6), SC 14D1/A (6), 10-Q/A (5), 8-K/A (5), S-3 (5), SCHEDULE 13G (5), 424B5 (4), ARS (4), EFFECT (4), SCHEDULE 13D/A (4), 10-K405 (3), S-3/A (3), SC 13D (3), 3/A (2), DEFR14A (2), RW (2), S-1 (2), S-4 (2), 10-K/A (1), 144/A (1), 15-12B (1), 25 (1), 424B4 (1), 8-A12B (1), 8-A12G (1), CERTNAS (1), FWP (1), NT 10-K (1), S-3MEF (1), SC 13E3 (1), SC 14D1 (1), SC 14D9 (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Mar 31, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.01 par valueTRSThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks TRIMAS CORP names in Item 1A of its 10-K filed Mar 2, 2026: 29 risks under these headings, as written.4

  • Risks Relating to Our Business
  • Our businesses depend upon general economic conditions and we serve some customers in highly cyclical industries; as such, we may be subject to the loss of sales and margins due to an economic downturn or recession.
  • Many of the markets we serve are highly competitive, which could limit sales volumes and reduce our operating margins.
  • We may be unable to successfully implement our business strategies and achieve our strategic and financial objectives.
  • Increases in our raw material or energy costs or the loss of critical suppliers could adversely affect our profitability and other financial results.
  • Our ability to deliver products that satisfy customer requirements is dependent on the performance of our subcontractors and suppliers, as well as on the availability of raw materials and other components.
  • We have significant goodwill and intangible assets, and future impairment of our goodwill and intangible assets could have a material negative impact on our financial results.
  • Our business may be exposed to risks associated with an increasingly concentrated customer base.
  • We are dependent on our manufacturing facilities for the production of our highly-engineered products, which subjects us to risks associated with disruptions and changing technology and manufacturing techniques that could place us at a competitive disadvantage.
  • A major failure of our information systems could harm our business; increased cybersecurity threats and more sophisticated and targeted cybersecurity attacks could pose a risk to our systems, networks and products.
  • A growing portion of our sales and earnings may be derived from international sources, which exposes us to certain risks which may adversely affect our financial results and impact our ability to service debt.
  • Our acquisition and disposition agreements by which we have acquired or sold companies, include indemnification provisions that may not fully protect us and may result in unexpected liabilities.
The other 18 risks
  • Expectations relating to sustainability and ESG considerations could expose us to potential liabilities, increased costs, reputational harm and other adverse effects on our business.
  • Regulatory, Legal and Environmental Risks
  • Significant developments in U.S. trade policies could have a material adverse effect on us and our financial condition and results of operations.
  • Compliance with and changes in tax laws, including tax reform legislation in the United States, could materially and adversely impact our financial condition, results of operations and cash flows.
  • We may face liability associated with the use of products for which patent ownership or other intellectual property rights are claimed.
  • We may be unable to adequately protect our intellectual property.
  • We may incur material losses and costs as a result of product liability, recall and warranty claims brought against us.
  • Our business may be materially and adversely affected by compliance obligations and liabilities under environmental laws and regulations, including related to climate change.
  • Our reputation, ability to do business, and results of operations may be impaired by legal compliance risks.
  • Risks Related to our Debt and Other Financial Obligations
  • We have debt principal and interest payment requirements that may restrict our future operations and impair our ability to meet our obligations.
  • Restrictions in our debt instruments limit our ability to take certain actions and breaches thereof could impair our liquidity.
  • Our borrowing costs may be impacted by our credit ratings developed by various rating agencies.
  • We have significant operating and finance lease obligations and our failure to meet those obligations could adversely affect our financial condition.
  • Human Capital Risks
  • We depend on the services of key individuals and relationships, the loss of which could materially harm us.
  • We may be subject to further unionization and work stoppages at our facilities or our customers may be subject to work stoppages, which could seriously impact the profitability of our business.
  • Healthcare costs for active employees may exceed projections and may negatively affect our financial results.
  • Risks Related to the Planned Sale of TriMas Aerospace
  • The planned sale of TriMas Aerospace may not occur at all or may not occur in the expected time frame, which may negatively affect the trading price of our common stock and our future business and financial results.
  • We may be unable to achieve some or all of the benefits that we expect to achieve from the planned sale of TriMas Aerospace.
  • Our choices about the use of anticipated net proceeds from the sale of TriMas Aerospace may not be effective.

Legal proceedings

See Note 16, "Commitments and Contingencies" included in Item 8, "Financial Statements and Supplementary Data," within this Form 10-K.

The opening of Item 3, Legal Proceedings.4

Sources

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