8/5/2015 1:01:00 AM
NEWS BRIEFS
TriMas Fastener Segment Sees Growth
TriMas Corp. reported second quarter revenue in its Aerospace segment – which consists of Allfast Fastening Systems, Monogram Aerospace Fasteners, Mac Fasteners, and Martinic Engineering – increased 35.8% to $43.2 million, primarily due to the results of Allfast, which was acquired for $360 million in October 2014. Segment operating profit gained 27.5% to $7.2 million.
Six-month Aerospace segment sales rose 50.7% to $88.9 million, while operating profit improved 45% to $15.3 million.
Overall TriMas revenue increased slightly to $224.9 million in Q2, with operating profit declining 24.3% to $19.2 million.
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