TRIMAS CORP

TriMas reported strong second-quarter 2026 results, with adjusted diluted EPS increasing 160% to $0.52 and adjusted operating profit up 29.1% to $14.9 million. Net sales rose 1.6% to $174.6 million. The company raised the low end and midpoint of its full-year 2026 adjusted diluted EPS outlook to $1.60-$1.70. TriMas also repurchased over 5 million shares since November 2025 and ended the quarter with $1.24 billion in cash, reflecting proceeds from the Aerospace divestiture.

TRIMAS CORP completed the sale of its Aerospace segment on March 16, 2026, for approximately $1,456.9 million in cash, recognizing a pre-tax gain of $1,040.0 million. This divestment significantly boosted Q1 2026 net income to $800.8 million, up from $12.4 million in Q1 2025, and increased cash and cash equivalents to over $1.3 billion. The company intends to deploy the net proceeds for organic growth, acquisitions, or share repurchases.

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.