8/5/2009
NEWS BRIEFS
TriMas Aerospace Fastener Sales Down

TriMas Corp. reported sales at its Aerospace and Defense segment, including Monogram Fasteners, decreased 15.6% to $18.3 million during the second quarter of 2009, “due primarily to lower blind-bolt fastener sales resulting from program delays at commercial airframe manufacturers and inventory reductions at distribution customers.” Operating profit slipped 9% to $6.4 million. As a percentage of sales Q2 operating profit improved 250 basis points compared to the second quarter of 2008, up to 35.1%.

During the first half of 2009, Aerospace and Defense segment sales declined 1.8% to $40.5 million, while operating profit dropped 2.7% to $13.2 million.

Overall Q2 TriMas sales fell 26% to $208.6 million, while net income declined 4% to $8.99 million.

In recent weeks Monogram Aerospace has increased its capability to produce seven types of titanium screws used by commercial airframe manufacturers.

During Q2 TriMas’ Lamons business unit opened a new sales and service center facility in Rotterdam, The Netherlands. Houston, TX-based Lamons produces and distributes metallic and non-metallic industrial gaskets and complementary fasteners for petroleum refining, petrochemical and other industrial uses. ©2009 GlobalFastenerNews.com

Related Links:

• TriMas Corp.