TriMas increases share buyback authorization to $150 million

TriMas Corporation (NASDAQ: TRS) announced its board of directors has increased the company's share repurchase authorization to $150 million, adding to the $48.9 million remaining under the previous authorization.

The Bloomfield Hills, Michigan-based company repurchased 3,124,866 shares of its common stock for $103.3 million during 2025, with more than three million shares bought back since announcing its aerospace business divestiture. As of December 31, 2025, TriMas had approximately 37.6 million shares outstanding.

"Increasing our share repurchase authorization to $150 million reflects our confidence in TriMas' long-term value," said Thomas Snyder, president and chief executive officer. "As we continue to focus our portfolio and deploy capital with discipline, this expanded authorization provides additional flexibility to repurchase shares as we advance our strategic priorities and complete the pending divestiture."

The company stated that the timing and extent of future share repurchases will depend on various factors including market conditions, share price, regulatory requirements, other capital uses and corporate considerations. The program does not require purchasing any minimum number of shares and may be suspended, modified or discontinued without prior notice.

TriMas designs and manufactures products for consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. The company operates with 3,700 employees across 13 countries.

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