On December 11, 2023, Barington Capital Group, L.P. announced that it is urging TriMas Corporation to focus on its packaging business and divest non-core assets because its multi-segment business model isn't delivering value to shareholders. Barington Capital contends that the Company?s aerospace unit, which product fasteners and bolts for aircraft, is a long-term disadvantage because it remains subscale relative to rivals even though it has recovered from the coronavirus pandemic slump. Barington Capital?s Chief Executive Officer James Mitarotonda stated that the Company should improve its margins for the segment and sell it in 2025.
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5-day change | 1st Jan Change | ||
26.45 USD | +0.76% | +1.77% | +4.42% |
30/04 | Tranche Update on TriMas Corporation's Equity Buyback Plan announced on November 10, 2015. | CI |
30/04 | Transcript : TriMas Corporation, Q1 2024 Earnings Call, Apr 30, 2024 |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+4.42% | 1.07B | |
+21.51% | 21.79B | |
+11.35% | 18.04B | |
-8.75% | 10.01B | |
+22.69% | 9.47B | |
+1.31% | 5.29B | |
+2.67% | 5.03B | |
-3.00% | 3.01B | |
+13.25% | 3B | |
-5.69% | 2.35B |
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