Quarterly ResultApr 30, 2026, 09:36 AM
TRIMAS Q1 Sales +10.4% to $168.3M; Adj EPS $0.24; Aerospace Divestment
AI Summary
TriMas reported Q1 2026 net sales of $168.3 million, a 10.4% increase year-over-year, with adjusted operating profit up 32.2% to $12.7 million. Adjusted diluted EPS from continuing operations rose 60.0% to $0.24. The company completed the divestiture of TriMas Aerospace in March, generating $1.2 billion in net proceeds, and repurchased 1.5 million shares. TriMas reaffirmed its 2026 full-year sales and margin outlook and provided adjusted diluted EPS guidance of $1.50 to $1.70.
Key Highlights
- Completed divestiture of TriMas Aerospace in March, generating $1.2 billion in net after-tax proceeds.
- Q1 2026 net sales increased 10.4% to $168.3 million, including 7.3% organic growth.
- Q1 2026 adjusted operating profit rose 32.2% to $12.7 million.
- Q1 2026 adjusted diluted earnings per share from continuing operations increased 60.0% to $0.24.
- Repurchased 1,487,057 shares of common stock for $54.5 million during Q1 2026.
- Ended Q1 2026 with $1,309.6 million of cash on hand.
- Reaffirmed 2026 full-year sales growth outlook of 3% to 6% and adjusted diluted EPS guidance of $1.50 to $1.70.
- Packaging group Q1 net sales increased 9.1% to $139.2 million.
- Specialty Products group Q1 net sales grew 17.0% to $29.1 million.