TriMas reported first quarter sales at it Aerospace segment, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems and Mac Fasteners brands, increased 1.4% to $38.3 million due to steady demand levels for fasteners. Segment operating profit rose 25% to $5.7 million due to improved production efficiencies and a more favorable product sales mix.

Consolidated TriMas sales gained 1.9% to $221.3 million in Q1 as organic and acquisition-related sales growth was partially offset by the unfavorable impact of currency exchange.

Q1 operating profit declined 26% to $25.9 million, while adjusted operating profit increased 1.2% to $28.4 million. Adjusted net income grew 10.9% to $21.1 million.

“We are pleased to begin 2019 with another quarter of solid performance, in line with our expectations, and we achieved adjusted earnings per share growth of 12.2% compared to the prior year,” stated CEO Thomas Amato. Web: TriMasCorp.com