10/27/2011 11:41:00 AM
NEWS BRIEFS
Monogram Aerospace Sales Climb on Higher Demand
Trimas Corp. reported sales for its Aerospace and Defense segment, including Monogram Fasteners, increased 6% to $20.33 million during the third quarter of 2011, “due primarily to improved demand for blind bolts and temporary fasteners from aerospace distribution customers.” Q3 segment operating profit improved 1.3% to $5.42 million.
Trimas said it continues to invest in “this high-margin segment by developing and marketing highly- engineered products for aerospace applications, as well as expanding its offerings to military and defense customers.”
Nine-month Aerospace and Defense revenue rose 12.5% to $60.16 million, with operating income gaining 7.5% to $14 million.
Overall Q3 sales climbed 16.8% to $277.7 million, while operating profit improved 13% to $35.8 million. ©2011 GlobalFastenerNews.com
Trimas Corp. reported sales for its Aerospace and Defense segment, including Monogram Fasteners, increased 6% to $20.33 million during the third quarter of 2011, “due primarily to improved demand for blind bolts and temporary fasteners from aerospace distribution customers.”
Q3 segment operating profit improved 1.3% to $5.42 million.
Trimas said it continues to invest in “this high-margin segment by developing and marketing highly- engineered products for aerospace applications, as well as expanding its offerings to military and defense customers.”
Nine-month Aerospace and Defense revenue rose 12.5% to $60.16 million, with operating income gaining 7.5% to $14 million.
Overall Q3 sales climbed 16.8% to $277.7 million, while operating profit improved 13% to $35.8 million. ©2011 GlobalFastenerNews.com
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