7/28/2011 2:41:00 PM
NEWS BRIEFS
Monogram Aerospace Sales Rise on Improved Demand

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Trimas Corp. reported sales for its Aerospace and Defense segment, including Monogram Fasteners, increased 23.9% to $21.33 million, “due primarily to improved demand for blind bolts and temporary fasteners from aerospace distribution customers.”
 

Segment operating profit gained 27.5% to $4.86 million, primarily due to the sales increase and more favorable product sales mix, partially offset by higher selling, general and administrative expenses. 
 

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.”
 

Aerospace and Defense segment sales improved 16% to $39.83 million during the opening half of 2011, while operating profit climbed 11.8% to $8.58 million.
 

Overall second-quarter revenue rose 18.9% to $299.7 million, with operating profit growing 16% to $42.5 million.
 

Six-month Trimas sales increased 20% to $569.4 million, with operating profit rising 17.8% to $72.53 million. ©2011 GlobalFastenerNews.com