Jason Sandefur

Fastener sales at TriMas Corp. increased 14.2% to $44.2 million during the first quarter of 2005, boosted by steel hike recoveries from customers. Adjusting for that increase, the company said sales increased about 3.5%.
Aerospace fastener sales grew 8.9%, driven by inventory replenishment by customers. Industrial fastener sales improved 18%, adding $4.6 million to segment results. Operating profit from fasteners improved to $800,000 from an operating loss of $1.6 million in the first quarter 2004.
Overall Q1 sales jumped 12.2% to $292.7 million, while operating profit gained 15.4% to $23.3 million. Web: trimascorp.com �2005 FastenerNews.com