Revenue: As of FY2026 Q2, the actual value is USD 174.58 M.

EPS: As of FY2026 Q2, the actual value is USD 0.37, missing the estimate of USD 0.48.

EBIT: As of FY2026 Q2, the actual value is USD 14.98 M.

Consolidated Performance

TriMas Corporation reported second quarter 2026 net sales of $174.6 million, a 1.6% increase compared to $171.8 million in the second quarter of 2025. Operating profit increased to $10.9 million in the second quarter of 2026, up from $7.4 million in the second quarter of 2025. Adjusted operating profit for the second quarter of 2026 was $14.9 million, a 29.1% increase compared to $11.5 million in the prior year period. Income from continuing operations reached $67.3 million in the second quarter of 2026, compared with $2.4 million in the second quarter of 2025. Adjusted income from continuing operations for the second quarter of 2026 was $19.0 million, more than double the $8.1 million reported in the prior year period.

Segment Revenue and Operating Profit

TriMas Packaging

Net sales for the second quarter were $142.9 million, essentially flat compared to $143.01 million in the second quarter of 2025. The segment’s operating profit was $18.72 million for the second quarter of 2026, compared to $19.99 million in the second quarter of 2025. Adjusted operating profit improved to $21.19 million in the second quarter of 2026 from $20.43 million in the second quarter of 2025.

TriMas Specialty Products

This segment reported second quarter net sales of $31.7 million, an increase of 10.2% compared to $28.74 million in the second quarter of 2025. Operating profit for the segment was $0.69 million in the second quarter of 2026, down from $1.26 million in the second quarter of 2025. Adjusted operating profit remained $0.69 million in the second quarter of 2026, compared to $1.26 million in the second quarter of 2025.

Cash Flow

Net cash used in operating activities of continuing operations was - $38.5 million for the second quarter of 2026, compared to net cash provided by operating activities of $16.5 million in the second quarter of 2025. Free cash flow was - $12.9 million for the second quarter of 2026, compared to $7.7 million in the second quarter of 2025. For the six months ended June 30, 2026, net cash used in operating activities was - $57.57 million, compared to $23.44 million in the same period of 2025. Free cash flow for the six months ended June 30, 2026, was - $28.96 million, compared to $8.67 million in the same period of 2025.

Financial Position

As of June 30, 2026, TriMas Corporation ended the quarter with $1,242.5 million of cash on hand. Total debt was $396.9 million, and Net Debt was - $845.6 million.

Share Repurchases

The Company repurchased 509,264 shares of common stock for $18.9 million during the second quarter of 2026. Year to date through June 30, 2026, TriMas Corporation repurchased 1,996,321 shares for $73.5 million. Approximately 35.9 million shares were outstanding as of June 30, 2026.

Discontinued Operations and Cost Initiatives

The divestiture of TriMas Aerospace was completed on March 16, 2026, generating approximately $1.2 billion in net after-tax proceeds. TriMas Corporation expects to deliver approximately $10.5 million of savings in 2026 and $16.0 million of annualized savings from cost-out actions related to the closure and consolidation of its Atkins, Arkansas, packaging facility.

2026 Outlook

TriMas Corporation has raised the low end and midpoint of its full-year 2026 adjusted diluted earnings per share outlook to a range of $1.60 to $1.70. The Company continues to expect sales growth of 3% to 6% year-over-year across its combined Packaging and Specialty Products businesses, along with more than 300 basis points of adjusted operating profit margin improvement. This outlook assumes $9 million to $10 million of interest income per each remaining quarter of 2026 and no significant change in interest rates or the redeployment of cash proceeds for the remainder of the year.