TriMas Corp. reported sales for its Aerospace segment, which is comprised of the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners and Martinic Engineering brands, increased 1.8% to $42.9 million in the fourth quarter of 2015, boosted by incremental sales related to the November 2015 acquisition of a machined components facility in Arizona.

Q4 Aerospace segment operating profit dropped due to less favorable sales mix, inventory variances and customer contractual adjustments. During the quarter, TriMas recorded pre-tax non-cash goodwill and intangible asset impairment charges of approximately $98.9 million related to this segment.

Full-year Aerospace segment sales fell 0.8% to $174.9 million, with a segment loss of $90.8 million.

Overall TriMas sales declined 8% to $794 million in 2016, hurt by lower sales related to the oil and gas and general industrial end markets. Gross profit dipped 10.8% to $210.5 million and results from operations produced a net loss of $39.8 million. Web: trimascorp.com