On Mar 16, we issued an updated research report on TriMas Corporation TRS. The company’s performance will be driven by focus on leveraging the TriMas Business Model. Segment restructuring, focus on improving manufacturing footprint, and debt-reduction strategies are other tailwinds.TriMas Business Model to Spur GrowthTriMas will continue to focus on leveraging the TriMas Business Model in order to drive the company’s performance. Its innovative solutions through product, process or service, as well as extensive resources will help strengthen business. The company will also benefit from connectivity, resource sharing, capitalization and planning. Thus, by refocusing on these efforts under the business model, TriMas will continue to recognize synergies which will aid results.Segment Restructuring Remains a CatalystTriMas will combine the company’s Engineered Components and Energy segments into a single reporting segment — Specialty Products. The company will report results in the new segment structure from first-quarter 2018. TriMas expects the new segment to attain sales growth of nearly 5% in 2018.The Lamons, Arrow Engine and Norris Cylinder industrial businesses from the previous segments will be incorporated into the new segment. It will benefit from improved performance of these businesses on the back of recovering energy and industrial end-markets.Focus on Strategies Supports TriMasTriMas remains committed to exploring actions in order to improve its manufacturing footprint and strategies. In the Packaging segment, the company has invested in technical and manufacturing capacity to launch a line of e-commerce lotion pumps and trigger sprayers. Further, its Rieke business has developed a unique and innovative locking technology. TriMas has also passed Amazon.com, Inc.’s AMZN rigorous shipping test standards and is actively working on e-commerce opportunities. It also consolidated 13 facilities which will further develop production efficiency and customer support.Debt Reduction to Drive GrowthTriMas generated more than $100 million of free cash flow in 2017 and posted a record level of free cash flow conversion. The company primarily used its cash balance to reinvest in businesses and pay down debt. It reduced its net debt over the year by $78.4 million to $275 million. TriMas reduced its leverage ratio by 0.7x backed by improved earnings performance and free cash flow.Share Price PerformanceTriMas has outperformed its industry with respect to price performance over the past year. The stock has appreciated around 22.6%, while the industry has recorded growth of 6.5% during the same time frame.Zacks Rank & Other Stocks to ConsiderTriMas carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the same sector are Kaiser Aluminum Corporation KALU and The Timken Company TKR. Both the stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Kaiser Aluminum has a long-term earnings growth rate of 15%. The company’s shares have rallied 31.5% during the same time frame.Timken has a long-term earnings growth rate of 11.6%. The stock has gained 1.5% in a year’s time.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report TriMas Corporation (TRS): Free Stock Analysis Report Timken Company (The) (TKR): Free Stock Analysis Report Kaiser Aluminum Corporation (KALU): Free Stock Analysis Report To read this article on Zacks.com click here.