TriMas Corp. reported sales in its Aerospace segment, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, RSA Engineered Products (RSA) and Martinic Engineering brands, decreased 13.9% to $42.6 million in the second quarter of 2020, impacted by “significantly lower air travel and reduced commercial and business jet production related to the global pandemic.”

Q2 Aerospace segment operating loss totaled $4.2 million “due to the reduced sales and lower absorption of fixed costs, as well as a less favorable product sales mix and production inefficiencies.”

Aerospace sales during the first six months of 2020 fell 3.7% to $91.5 million, with operating profit totaling $870,000.

Consolidated TriMas sales increased 4.6% to $199.6 million in Q2, boosted by as robust organic sales in Packaging and the impact of recent acquisitions.  Operating loss totaled $18.2 million during the quarter.  Web: TriMasCorp.com