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Segment Information (Notes)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company defines its segments consistent with how internally reported financial information is regularly reviewed by TriMas' President and Chief Executive Officer (chief operating decision maker) to analyze financial performance, make decisions, and allocate resources. TriMas reports its operations in three segments: Packaging, Aerospace and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by the chief operating decision maker. The chief operating decision maker uses segment operating profit when assessing segment performance, determining resource and capital allocation and developing overall strategic direction of the Company. The chief operating decision maker analyzes segment operating profit on a monthly basis by comparing actual results to forecasted and budgeted expectations to assess performance. During the three months ended September 30, 2025, the Company updated its key reports used by its chief operating decision maker to include segment operating profit.
See below for more information regarding the types of products and services provided within each reportable segment:
Packaging – TriMas' Packaging business develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion, hand soap and sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (such as food lids, flip-top closures, child resistant caps, beverage closures, fragrance and cosmetic caps, drum and pail closures, and flexible spouts), polymeric jar products, fully integrated dispensers for fill-ready bag-in-box applications, and consumable vascular delivery and diagnostic test components, all for a variety of consumer products submarkets including, but not limited to, beauty and personal care, food and beverage, home care, and life sciences, including, but not limited to, pharmaceutical, nutraceutical, and medical, as well as industrial markets (including agricultural).
Aerospace – TriMas' Aerospace business develops, qualifies and manufactures highly-engineered, precision fasteners, tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market. TriMas' Aerospace segment includes GMT Aerospace, acquired on February 17, 2025, which the Company has renamed TriMas Aerospace Germany.
Specialty Products – TriMas' Specialty Products segment, which includes the Norris Cylinder business, designs, manufactures and distributes highly-engineered steel cylinders for use within industrial and aerospace markets. On January 31, 2025, the Company completed the divestiture of its Arrow Engine business within its Specialty Products segment. The Arrow Engine business manufactured and distributed natural gas-fired engines for remote power generation applications and compression systems for use within the North American industrial oil and gas markets.
Corporate consists of the corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate assets consist primarily of cash and cash equivalents, unallocated deferred tax assets and prepaid assets. Corporate expenses and assets reconcile reportable segment information to the consolidated totals.
Segment activity is as follows (dollars in thousands):
 PackagingAerospaceSpecialty ProductsTotal
Three Months Ended September 30, 2025
Net sales$135,700 $103,240 $30,320 $269,260 
Cost of sales(104,980)(71,800)(26,570)
Selling, general and administrative expenses(14,440)(11,070)(1,310)
Other segment items (a)
10 (170)(70)
Segment operating profit$16,290 $20,200 $2,370 $38,860 
Corporate (b)
(22,270)
Interest expense(4,370)
Other income (expense), net(100)
Income before income tax expense$12,120 
Three Months Ended September 30, 2024
Net sales$130,240 $70,830 $28,290 $229,360 
Cost of sales(99,240)(54,330)(24,070)
Selling, general and administrative expenses(14,190)(10,180)(1,840)
Other segment items (a)
1,120 (10)(90)
Segment operating profit$17,930 $6,310 $2,290 $26,530 
Corporate (c)
(18,250)
Interest expense(4,860)
Other income (expense), net(30)
Income before income tax expense$3,390 
Nine Months Ended September 30, 2025
Net sales$406,280 $295,460 $83,950 $785,690 
Cost of sales(308,550)(208,050)(76,430)
Selling, general and administrative expenses(44,190)(31,830)(4,970)
Other segment items (a)
(20)(170)(70)
Segment operating profit$53,520 $55,410 $2,480 $111,410 
Corporate (d)
(45,910)
Interest expense(13,440)
Other income (expense), net(430)
Income before income tax expense$51,630 
 PackagingAerospaceSpecialty ProductsTotal
Nine Months Ended September 30, 2024
Net sales$389,190 $215,890 $91,880 $696,960 
Cost of sales(293,820)(164,550)(80,170)
Selling, general and administrative expenses(43,430)(27,480)(6,140)
Other segment items (a)
1,120 10 (90)
Segment operating profit$53,060 $23,870 $5,480 $82,410 
Corporate (e)
(43,840)
Interest expense(15,010)
Other income (expense), net(310)
Income before income tax expense$23,250 
__________________________
(a) Other segment items for each reportable segment includes net gain (loss) on dispositions of assets.
(b) Includes $8.0 million of asbestos-related costs, $1.9 million of system implementation costs, and $0.5 million of realignment, severance and consulting costs.
(c) Includes $5.5 million of asbestos-related costs, $1.8 million of system implementation costs, $1.8 million of environmental remediation costs, $0.8 million of mergers, acquisition, diligence and transaction costs, and $0.8 million of consulting costs.
(d) Includes $8.0 million of asbestos-related costs, $7.5 million of realignment, severance and consulting costs, a $5.4 million gain on the sale of Arrow Engine, $4.3 million of system implementation costs and $0.4 million of mergers, acquisition, diligence and transaction costs.
(e) Includes $5.5 million of asbestos-related costs, $3.6 million of system implementation costs, $3.0 million of mergers, acquisition, diligence and transaction costs, $2.5 million of environmental remediation costs, and $1.5 million of consulting costs.

Three months ended
September 30,
Nine months ended
September 30,
2025202420252024
Capital expenditures
Packaging$6,460 $7,710 $22,550 $23,540 
Aerospace4,750 2,430 12,160 5,090 
Specialty Products990 1,100 4,850 5,460 
Corporate1,470 630 4,090 1,890 
Total$13,670 $11,870 $43,650 $35,980 
Depreciation and amortization
Packaging$9,060 $8,640 $26,100 $25,750 
Aerospace4,670 4,460 14,000 13,610 
Specialty Products690 1,000 2,340 3,080 
Corporate100 50 270 140 
Total$14,520 $14,150 $42,710 $42,580 
September 30, 2025December 31, 2024
Total Assets
Packaging$868,800 $811,190 
Aerospace451,220 390,980 
Specialty Products78,840 89,210 
Corporate35,020 32,800 
Total$1,433,880 $1,324,180