10/30/2015
NEWS BRIEFS
TriMas reported Aerospace segment sales – which consists of Allfast Fastening Systems, Monogram Aerospace Fasteners, Mac Fasteners, and Martinic Engineering – increased 65.6% to $45.4 million, primarily due to the results of Allfast, which was acquired in October 2014, and higher demand from OE customers, partially offset by lower sales to large distribution customers.
Q3 Aerospace segment profit jumped 83% to $7.1 million due to higher sales levels and related operating leverage, continued productivity initiatives and a more favorable product mix.
Aerospace segment sales during the first nine months of 2015 grew 55% to $134.3 million, with segment profit gaining 55.7% to $22.4 million.
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