TriMas Enhances Operational Efficiency With Facility Launch in China

TriMas Corporation TRS announced that it opened a highly developed 225,000-square-foot facility in Haining, China, for its TriMas Packaging group . This move reflects the company’s commitment to offering its customers high-quality packaging solutions, focusing on operational excellence and innovation.Details of TriMas’ New FacilityTriMas announced last year that it would consolidate two manufacturing facilities into one to better serve customers across China and the wider Asia markets. The company closed two facilities in Hangzhou and Haining, and merged them into a single facility in Haining. The cutting-edge facility is outfitted with modern injection molding, assembly capabilities and autonomous robots, including Automated Guided Vehicles. The facility is furnished with robotic auto palletizing and an innovative Warehouse Management System . TriMas’ new facility is also home to an advanced quality lab and a 100,000-level clean room.TRS Benefits From Its Facility in HainingThe addition of innovative, streamlined material handling processes will reduce labor expenses and minimize safety risks for the company . The facility will help TriMas achieve its sustainability goals through energy-efficient systems and waste-reduction methods.The new site in China manufactures e-commerce lotion pumps that will help the company meet the growing demand in the online retail sector.With the addition of the location, the company has advanced flagship locations in the United States, Mexico and China. This positions TRS for expansion in these key markets.TriMas’ Q3 PerformanceTriMas reported third-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 57 cents. The bottom line declined 31.7% from the prior-year quarter due to weak demand in the Specialty Products segment and delayed shipments due to a 10-week work stoppage at an aerospace location.The company's revenues decreased 2.5% year over year to $229 million. Organic sales growth in packaging and aerospace product lines was offset by lower market demand in the Specialty Products segment. Overall, organic sales fell 2.3% in the quarter. The top line missed the Zacks Consensus Estimate of $241 million.TRS’ Share Price PerformanceTRS shares have gained 11.6% in the past year compared with the industry’s 68.3% growth. Image Source: Zacks Investment Research TriMas’ Zacks Rank & Stocks to ConsiderTRS currently carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks from the Industrial Products sector are Graham Corporation GHM, Federal Signal Corporation FSS and RBC Bearings Incorporated RBC. GHM sports Zacks Rank #1 (Strong Buy), and FSS and RBC have a Zacks Rank #2 (Buy) each at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Graham has an average trailing four-quarter earnings surprise of 101.85%. The Zacks Consensus Estimate for GHM’s 2024 earnings is pinned at $1.03 per share, which indicates year-over-year growth of 145.2%. The company’s shares have gained 136.8% in a year.Federal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’ 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 40% in a year.The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing four-quarter average earnings surprise of 2.5%. RBC shares have gained 37.5% in a year.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RBC Bearings Incorporated (RBC): Free Stock Analysis Report Federal Signal Corporation (FSS): Free Stock Analysis Report Graham Corporation (GHM): Free Stock Analysis Report TriMas Corporation (TRS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks