瑞奇包装系统 2024年度报告

)FBERVBSUFSFE JO #MPPNmFME )JMMT  .JDIJHBO  5SJ.BTEFTJHOT  EFWFMPQT BOE NBOVGBDUVSFT B EJWFSTF TFU PGQSPEVDUTQSJNBSJMZGPSUIFDPOTVNFSQSPEVDUT BFSPTQBDF EFGFOTF  BOE JOEVTUSJBM NBSLFUT UISPVHI JUT 5SJ.BT1BDLBHJOH  5SJ.BT "FSPTQBDF BOE 4QFDJBMUZ 1SPEVDUTHSPVQT8FCFMJFWFPVSCVTJOFTTFTTIBSFJNQPSUBOUBOE EJTUJOHVJTIJOHDIBSBDUFSJTUJDT JODMVEJOHXFMMSFDPHOJ[FECSBOEOBNFTJOUIFNBSLFUTXFTFSWFJOOPWBUJWFQSPEVDUUFDIOPMPHJFT BOE GFBUVSFT B IJHI EFHSFF PG DVTUPNFSBQQSPWFE QSPDFTTFT BOE RVBMJmFE QSPEVDUT TUSPOHDBTI nPX DPOWFSTJPO DIBSBDUFSJTUJDT MPOHUFSN HSPXUIPQQPSUVOJUJFTBOEBDPNNJUNFOUUPTVTUBJOBCJMJUZ TRIMASBUSINESS MODEL ƒ-FWFSBHFUIF5SJ.BT#VTJOFTT.PEFMƒ*OWFTUJO*OOPWBUJPOƒ"DDFMFSBUF(SPXUIXJUI4USBUFHJD"DRVJTJUJPOTƒ%SJWF&OIBODFE$BTI$POWFSTJPOƒ'PTUFSB$VMUVSFPG,BJ[FOBOE&OHBHFNFOUƒ'PDVTPO4VTUBJOBCJMJUZ Dear Fellow Shareholders, As we reflect on 2024, it becomes evident that the year presented bothmeaningful progress and challenges for TriMas. While we acknowledgeareas of underperformance, the Board remains steadfast in its commitmentto affecting change and enhancing shareholder value. Amidst a leadershiptransition and search for a new CEO to guide us into our next phase, theTriMas Board of Directors, with the help of our financial advisors, is diligentlyassessing various options to accelerate the focus of our business portfolioand identify opportunities for further value creation. 'VSUIFSNPSF  * BN QMFBTFE UP BOOPVODF UIF BEEJUJPO PGB TJHOJmDBOU OFX TIBSFIPMEFS UP PVS #PBSE  XIP TIBSFTPVS WJTJPO PG MPOHUFSN WBMVF DSFBUJPO )JT FYQFSUJTF BOEEFEJDBUJPO XJMM VOEPVCUFEMZ TUSFOHUIFO PVS TUSBUFHJDEJSFDUJPO  BOE XF BSF PQUJNJTUJD BCPVU UIF TVCTUBOUJBMQPUFOUJBMGPS5SJ.BT BTXFQSJPSJUJ[FTVTUBJOBCMFFBSOJOHTHSPXUI BOE TUSJWF UP EFMJWFS JODSFBTFE WBMVF UP BMMTUBLFIPMEFST Overview of 2024 Business Results %VSJOH   5SJ.BT BDIJFWFE UIF GPMMPXJOH SFTVMUT BTDPNQBSFEUP ƒ3FQPSUFEOFUTBMFTPGNJMMJPO BOJODSFBTFPGƒ*ODSFBTFE5SJ.BT"FSPTQBDFHSPVQOFUTBMFTCZUP  NJMMJPO  XIJMF NPSF UIBO EPVCMJOH GVMMZFBSPQFSBUJOHQSPmUUPNJMMJPOƒ*ODSFBTFE 5SJ.BT 1BDLBHJOH HSPVQ OFU TBMFT CZUPNJMMJPO XIJMFJNQSPWJOHGVMMZFBSPQFSBUJOHQSPmUUPNJMMJPOƒ'VSUIFS JOUFHSBUFE BOE HSFX PVS  BDRVJTJUJPOT PG"BSUT 1BDLBHJOH #7  B MVYVSZ QBDLBHJOH TPMVUJPOTQSPWJEFSGPSCFBVUZBOEMJGFTUZMFCSBOET BOE8FMENBD.BOVGBDUVSJOH$PNQBOZ BEFTJHOFSBOENBOVGBDUVSFSPGDPNQMFYNFUBMGBCSJDBUFEDPNQPOFOUTBOEBTTFNCMJFTGPSUIFBFSPTQBDFBOEEFGFOTFNBSLFUTƒ8PSLFE EJMJHFOUMZ PO UIF EJWFTUJUVSF PG "SSPX &OHJOFXJUIJO 4QFDJBMUZ 1SPEVDUT  XIJDI XBT DPNQMFUFE JO+BOVBSZ UPFYJUPVSEJSFDUQSFTFODFJOUIFPJMBOEHBTNBSLFUTFDUPSƒ3FEVDFEmYFEDPTUTXJUIJO4QFDJBMUZ1SPEVDUT TQFDJmDBMMZUIF/PSSJT$ZMJOEFSCVTJOFTT UPQPTJUJPOUIF$PNQBOZGPSCFUUFSDPOWFSTJPOJOƒ3FQPSUFE MPXFS  OFU JODPNF BOE EJMVUFE FBSOJOHTQFSTIBSFBTDPNQBSFEUP QSJNBSJMZBTBSFTVMUPGUIFMPXFSTBMFTBOESFMBUFEBCTPSQUJPOPGmYFEDPTUTJO4QFDJBMUZ1SPEVDUT 8IJMFESJWJOH5SJ.BTGVUVSFTUSBUFHZ‰UISPVHIMFBEFSTIJQUSBOTJUJPOT  FWBMVBUJOH TUSBUFHJD PQUJPOT BOE PUIFS LFZJOJUJBUJWFT‰PVS NBOBHFNFOU UFBN SFNBJOFE GPDVTFE POFOIBODJOHUIFCVTJOFTT8FQSJPSJUJ[FEHSPXUIJOJUJBUJWFT FOHBHFE DMPTFMZ XJUI DVTUPNFST UP BOUJDJQBUF UIFJS MPOHUFSNOFFET BOEJNQMFNFOUFEPQFSBUJPOBMJNQSPWFNFOUTXIJMFPQUJNJ[JOHPVSDPTUTUSVDUVSFXIFSFGFBTJCMF‰CVJMEJOHBTUSPOHGPVOEBUJPOGPSBOECFZPOE$PODVSSFOUMZ XFJOWFTUFEJOLFZGVODUJPOBMDBQBCJMJUJFTFTTFOUJBMGPSGVUVSFHSPXUI  QSJPSJUJ[JOH JOOPWBUJPO  FGmDJFODZ  TVTUBJOBCMFTPMVUJPOTBOEEJHJUBMUSBOTGPSNBUJPO.PSFPWFS XFSFUVSOFENPSF UIBO  PG DBQJUBM UP TIBSFIPMEFST UISPVHI TIBSFCVZCBDLTBOERVBSUFSMZEJWJEFOETJO SFJOGPSDJOHPVSDPNNJUNFOUUPBCBMBODFEBQQSPBDIUPDBQJUBMBMMPDBUJPO XIJMF NBJOUBJOJOH B TUSPOH mOBODJBM QPTJUJPO 5ISPVHIPVUUIF ZFBS  5SJ.BT BMTP NBEF TJHOJmDBOU QSPHSFTT JOTVTUBJOBCJMJUZFGGPSUT SFBGmSNJOHPVSPOHPJOHDPNNJUNFOUUP ESJWJOH QPTJUJWF TPDJFUBM JNQBDU BOE FOWJSPONFOUBMTUFXBSETIJQ 4JODFMBVODIJOHPVSDPNQBOZXJEFTVTUBJOBCJMJUZJOJUJBUJWF XF IBWF DPOUJOVPVTMZ JNQMFNFOUFE TUSBUFHJFT UP CFOFmUPVS TUBLFIPMEFST 5SJ.BT JT BDUJWFMZ XPSLJOH UP QSPUFDUOBUVSBMSFTPVSDFTBOENJOJNJ[FPVSFOWJSPONFOUBMJNQBDU8FGPDVTPOEFWFMPQJOHJOOPWBUJWF TVTUBJOBCMFQSPEVDUTCZ SFEVDJOH NBUFSJBM VTF BOE PQUJNJ[JOH EFTJHOT GPSHSFBUFS SFDZDMBCJMJUZ  BMM XIJMF NBJOUBJOJOH QFSGPSNBODFBOE RVBMJUZ 5IFTF FGGPSUT QPTJUJPO VT UP DSFBUF MBTUJOHWBMVFGPSPVSDVTUPNFST FNQMPZFFT TIBSFIPMEFSTBOEUIFHMPCBMDPNNVOJUZ ƒ&OEFE  XJUI  NJMMJPO PG DBTI BOE BWBJMBCMFCPSSPXJOHDBQBDJUZVOEFSJUTSFWPMWJOHD