TRIMAS CORPORATION (NASDAQ:TRS) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
TriMas Corporation (the “Corporation”) issued a press release on February28, 2019, reporting its financial results for the fourth quarter and year ending December31, 2018. A copy of the press release is attached hereto a an exhibit and is incorporated herein by reference. The press release is also available on the Corporation’s website at www.trimascorp.com.
In addition, on February 28, 2019, the Company announced, effective in the first quarter of 2019, it will begin reporting its machined components operations, located in Stanton, California and Tolleson, Arizona, in its Specialty Products reportable segment, as it has transitioned leadership responsibilities from TriMas Aerospace to Specialty Products. This modification allows the Company to better leverage the machining competencies and resources of these operations with the other businesses within the Specialty Products reportable segment, as well as provide the Company with the opportunity to expand sales of these products to customers outside of the aerospace market. In addition, this change enables the Company’s Aerospace reportable segment to better focus on driving growth and innovation in its aerospace fastener and related product lines.
This realignment has no impact on the Company’s historical consolidated balance sheet, statement of operations or cash flows. To provide historical information on a basis consistent with its new reporting structure, the Company has recast certain historical segment information in the attached Exhibit 99.2 for the years ended December 31, 2018, 2017 and 2016, as well as the quarterly periods in the years ended December 31, 2018 and 2017. This information should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.
The information furnished to this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Corporation under the Securities Act of 1933 or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits. The following exhibits are furnished herewith:
TRIMAS CORP Exhibit
EX-99.1 2 trs_123118xexhibit991.htm EXHIBIT 99.1 Exhibit CONTACT:Sherry LauderbackVP,…
To view the full exhibit click here
About TRIMAS CORPORATION (NASDAQ:TRS)
TriMas Corporation is a designer, manufacturer and distributor of engineered and applied products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications. The Aerospace segment is a designer and manufacturer of a range of products for use in the aerospace industry. The Energy segment is a manufacturer and distributor of metallic and non-metallic gaskets, bolts, industrial fasteners and specialty products for the petroleum refining, petrochemical, oil field and industrial markets. The Engineered Components segment is a designer, manufacturer and distributor of high-pressure and acetylene cylinders for the transportation, storage and dispensing of compressed gases.
