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BLOOMFIELD HILLS, Michigan, August 4, 2026 – ��ɫtv (NASDAQ: TRS) today announced the release of its 2025 Sustainability Report, highlighting meaningful progress across the Company's environmental, social and governance (ESG) priorities. During 2025, ��ɫtv surpassed its 2030 greenhouse gas emissions and water withdrawal intensity reduction targets ahead of schedule, and published its first Scope 3 greenhouse gas emissions inventory, expanding transparency across its value chain.

“At ��ɫtv, sustainability is an important part of how we operate, innovate and create long-term value," said Thomas Snyder, ��ɫtv President and Chief Executive Officer. "We continue to strengthen our capabilities, enhance transparency and embed sustainability considerations into our decision-making across the business. By focusing on operational excellence, responsible resource management and product innovation, we are positioning ��ɫtv to meet the evolving needs of our customers and stakeholders."

2025 Sustainability Highlights

Key accomplishments featured in the Company's 2025 Sustainability Report include:

• Achieved and surpassed 2030 intensity-based greenhouse gas emissions reduction targets ahead of schedule.
• Achieved and surpassed 2030 water withdrawal reduction targets ahead of schedule.
• Published ��ɫtv' first Scope 3 greenhouse gas emissions inventory, establishing a baseline for future measurement and reduction efforts.
• Continued to strengthen environmental data collection, management and reporting capabilities.
• Advanced innovative product solutions focused on recyclability, material efficiency, circularity and performance.
• Continued alignment with leading sustainability frameworks and initiatives, including the United Nations Global Compact, CDP and the Task Force on Climate-related Financial Disclosures (TCFD).

Positioning for Continued Progress

Following the divestiture of ��ɫtv Aerospace, the Company is establishing updated environmental baselines and evaluating future targets that reflect its current portfolio. ��ɫtv will continue to focus on improving sustainability data quality, driving operational efficiencies and developing products that help customers meet their own sustainability objectives.

The Company is also evaluating alignment with the Science Based Targets initiative (SBTi) and expanding its use of tools such as Life Cycle Assessments (LCAs) and Product Carbon Footprint (PCF) analyses to strengthen decision-making and better understand environmental impacts across its value chain.

"Our focus remains on delivering measurable results and building on the progress we have achieved," Snyder added. "We are committed to advancing circular product solutions, increasing the use of recycled and lower-impact materials, improving resource efficiency and strengthening our sustainability reporting. We believe long-term value creation is supported by transparency, collaboration and a commitment to continuous improvement."

Access the Report

The full 2025 Sustainability Report, including ��ɫtv' annual TCFD disclosure, can be accessed through the Sustainability section of the ��ɫtv website at .

About ��ɫtv
��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. Headquartered in Bloomfield Hills, Michigan, ��ɫtv is publicly traded on NASDAQ under the ticker symbol “TRS.”  For more information, please visit .

Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to recognize the benefits of and effectively deploy the net proceeds from the sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2025. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact
Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com         

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Raises Low End and Midpoint of Full Year 2026 EPS Outlook

• Second quarter operating profit increased to $10.9 million, while adjusted operating profit increased 29.1% to $14.9 million
• Second quarter diluted EPS increased to $1.86, with adjusted diluted EPS of $0.52
• Repurchased more than 5 million shares of common stock since November 2025
• Ended the quarter with $1.24 billion of cash and cash equivalents

BLOOMFIELD HILLS, Michigan, July 30, 2026 - ��ɫtv (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2026.

��ɫtv reported second quarter 2026 net sales of $174.6 million, a 1.6% increase compared to $171.8 million in second quarter 2025, driven by organic growth within Specialty Products and the benefit of favorable foreign currency exchange. Operating profit increased to $10.9 million in second quarter 2026, compared to $7.4 million in second quarter 2025. Adjusting for Special Items⁽¹⁾, second quarter 2026 adjusted operating profit was $14.9 million, a 29.1% increase compared to $11.5 million in the prior year period, reflecting the successful execution of cost-reduction and streamlining initiatives.

The Company reported second quarter 2026 income from continuing operations of $67.3 million, or $1.86 per diluted share, compared with $2.4 million, or $0.06 per diluted share, in second quarter 2025. Adjusting for Special Items⁽¹⁾, second quarter 2026 adjusted income⁽²⁾ from continuing operations was $19.0 million, more than double the prior year period of $8.1 million. Second quarter 2026 adjusted diluted earnings per share⁽²⁾ from continuing operations was $0.52, an increase of 160.0% compared to $0.20 in second quarter 2025, primarily reflecting interest income earned on the Company’s cash and cash equivalents, cost reductions, improved operating performance and the benefit of a lower share count resulting from the Company's share repurchase activity.

“Our second quarter results reflect continued progress against the priorities we established at the beginning of 2026,” said Thomas Snyder, ��ɫtv President and Chief Executive Officer. “We delivered improved profitability and operating margin despite a dynamic market environment, driven by the successful execution of our cost-reduction actions and certain operational improvement initiatives. During the quarter, we also strengthened our leadership team, and enhanced organizational alignment and accountability through our strategic planning process, while advancing customer engagement and operational excellence initiatives."

"As we move through the second half of the year, we expect the run-rate benefits of our cost reduction and operational excellence initiatives to continue building, supporting further performance improvement. At the same time, we remain focused on disciplined capital deployment, having repurchased more than five million shares since announcing the Aerospace divestiture, while preserving the flexibility to invest in organic growth initiatives and strategically aligned, high-quality acquisition opportunities that elevate our Packaging and Life Sciences platforms. We believe the actions we have taken to simplify and strengthen ��ɫtv have positioned us well to continue delivering improved results and long-term shareholder value.”

Financial Position

During the second quarter of 2026, the Company returned capital to shareholders through the repurchase of 509,264 shares of its outstanding common stock for $18.9 million. Year to date through June 30, 2026, the Company repurchased 1,996,321 shares for $73.5 million, contributing to a 4.7% net reduction in outstanding shares compared to December 31, 2025. Since announcing the decision to divest ��ɫtv Aerospace in November 2025, the Company has repurchased more than five million shares. As of June 30, 2026, approximately 35.9 million shares were outstanding and $76.5 million remained available under the Company's share repurchase authorization. ��ɫtv also declared and paid a quarterly cash dividend of $0.04 per share.

The Company reported net cash used in operating activities of continuing operations of $38.5 million for second quarter 2026, compared to net cash provided by operating activities of $16.5 million in second quarter 2025. As a result, the Company reported a Free Cash Flow⁽³⁾ use of $12.9 million for second quarter 2026, compared to Free Cash Flow⁽³⁾ of $7.7 million in second quarter 2025, primarily due to the timing of sales and collections in the quarter. Please see Appendix I for further details.

��ɫtv ended second quarter 2026 with $1,242.5 million of cash on hand, $1,446.1 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 1.8x as defined in the Company's credit agreement. As of June 30, 2026, the Company reported total debt of $396.9 million and Net Debt⁽⁴⁾ of $(845.6) million, reflecting cash on hand that significantly exceeded the Company's debt position following the divestiture of ��ɫtv Aerospace, which generated approximately $1.2 billion in net after‑tax proceeds. The remaining proceeds are currently invested in interest‑bearing investments pending further redeployment.

Second Quarter Segment Results

The ��ɫtv Packaging group reported second quarter net sales of $142.9 million, essentially flat compared to the second quarter of 2025. Sales growth in the industrial and life sciences end markets, along with the benefit of favorable foreign currency translation, was largely offset by lower sales in beauty and personal care applications, and food and beverage products. While second quarter operating profit declined, adjusted operating profit and margin both improved year-over-year and sequentially from the first quarter of 2026, reflecting the benefits of cost‑reduction actions, operational improvement initiatives and a more favorable product sales mix. 

��ɫtv' Specialty Products group reported second quarter net sales of $31.7 million, an increase of 10.2% compared to second quarter 2025. Second quarter operating profit and margin declined year-over-year, as the benefits of higher sales volumes were more than offset by a lag in recovering increased raw material costs and temporary manufacturing inefficiencies related to machine downtime and labor ramp-up.

Discontinued Operations

The divestiture of ��ɫtv Aerospace was completed on March 16, 2026, for approximately $1.5 billion in cash, generating net after-tax proceeds of approximately $1.2 billion. To date, proceeds have been used to repay borrowings under the Company's revolving credit facility, fund additional share repurchases and satisfy a portion of transaction-related tax obligations, while the remaining balance has been invested in liquid, interest-bearing accounts. The Company intends to deploy the remaining proceeds in support of capital allocation priorities, which may include organic growth investments, strategic acquisitions and additional share repurchases.

The results of ��ɫtv Aerospace, along with transaction-related costs, have been classified as discontinued operations for all periods presented.

Realignment and Cost-Out Initiatives

��ɫtv has completed the closure and consolidation of its Atkins, Arkansas, packaging facility. The Company remains on track to deliver approximately $10.5 million of savings in 2026 and $16.0 million of annualized savings related to the previously communicated cost-out actions.

2026 Outlook

The Company has raised the low end and midpoint of its previously issued full-year 2026 adjusted diluted earnings per share⁽²⁾ (EPS) outlook and now expects adjusted diluted EPS in the range of $1.60 to $1.70, compared to the prior outlook of $1.50 to $1.70, provided on February 26, 2026. This outlook assumes between $9 million and $10 million of interest income per each remaining quarter of 2026, and assumes no significant change in interest rates or the redeployment of the cash proceeds for the remainder of the year. The Company continues to expect sales growth of 3% to 6% year-over-year across its combined Packaging and Specialty Products businesses, along with more than 300 basis points of adjusted operating profit margin improvement, driven by cost reductions and organizational realignment initiatives.

The above outlook includes the impact of all announced acquisitions and divestitures as of July 30, 2026. The outlook provided assumes no significant impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2026 guidance are after adjusting for any current or future amounts that may be considered Special Items. The inability to predict the amount and timing of the impacts of these Special Items makes a detailed reconciliation of these forward-looking non-GAAP financial measures impracticable.⁽¹⁾

Conference Call Information

��ɫtv will host its second quarter 2026 earnings conference call today, Thursday, July 30, 2026, at 10 a.m. ET. To participate via phone, please dial (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada), and ask to be connected to the ��ɫtv second quarter 2026 earnings conference call. The conference call will also be simultaneously webcast via the ��ɫtv website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the ��ɫtv website or by dialing (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) with a meeting ID of 13761489, beginning July 30, 2026, at 3:00 p.m. ET through August 13, 2026, at 3:00 p.m. ET. 

Notice Regarding Forward-Looking Statements

Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to recognize the benefits of and effectively deploy the net proceeds from the sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2025. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law. 

Non-GAAP Financial Measures

In this release, certain non-GAAP financial measures are used. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure may be found in Appendix I at the end of this release. Management believes that presenting these non-GAAP financial measures provides useful information to investors by helping them identify underlying trends in the Company’s businesses and facilitating comparisons of performance with prior and future periods and to the Company’s peers. These non-GAAP financial measures should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.

Reconciliations of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are provided only for the expected impact of amortization of acquisition-related intangible assets for completed acquisitions, as the Company is unable to provide estimates of future Special Items⁽¹⁾ or amortization from future acquisitions without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items impacting comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. 

Additional information is available at www.trimas.com under the “Investors” section.

⁽¹⁾     Appendix I details certain costs, expenses and other amounts or charges, collectively described as "Special Items," that are included in the determination of net income, earnings per share and/or cash flows from operating activities under GAAP, but that management believes should be separately considered when evaluating the quality of the Company’s core operating results, given they may not reflect the ongoing activities of the business.

⁽²⁾    The Company defines adjusted net income (and on a per diluted share basis, adjusted diluted earnings per share) as net income (per GAAP), plus or minus the after-tax impact of Special Items⁽¹⁾, plus the after-tax impacts of non-cash acquisition-related intangible asset amortization and non-cash compensation expense. While the acquisition-related intangible assets aid in the Company’s revenue generation, the Company adjusts for the non-cash amortization expense and non-cash compensation expense because the Company believes it (i) enhances management’s and investors’ ability to analyze underlying business performance, (ii) facilitates comparisons of financial results over multiple periods, and (iii) provides more relevant comparisons of financial results with the results of other companies as the amortization expense associated with these assets may fluctuate significantly from period to period based on the timing, size, nature, and number of acquisitions.    

⁽³⁾      The Company defines Free Cash Flow as Net Cash Provided by/Used for Operating Activities, excluding the cash impact of Special Items, less Capital Expenditures. Please see Appendix I for additional details.   

⁽⁴⁾      The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.

About ��ɫtv

��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging, life sciences and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. Headquartered in Bloomfield Hills, Michigan, ��ɫtv is publicly traded on NASDAQ under the ticker symbol “TRS.”  For more information, please visit www.trimas.com.

Contact

Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com

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BLOOMFIELD HILLS, Michigan, July 23, 2026 – ��ɫtv (NASDAQ: TRS) announced today that its Board of Directors declared a quarterly cash dividend of $0.04 per share of ��ɫtv Corporation stock. The quarterly dividend is payable on August 13, 2026, to shareholders of record as of the close of business on August 6, 2026.

About ��ɫtv
��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging, life sciences and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. ��ɫtv is publicly traded on NASDAQ under the ticker “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit .

Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to recognize the benefits of and effectively deploy the net proceeds from the sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2025. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law. 

Contact
Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com          

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BLOOMFIELD HILLS, Michigan, June 30, 2026 – ��ɫtv (NASDAQ: TRS) today announced that it will hold its second quarter 2026 earnings conference call on Thursday, July 30, 2026, at 10 a.m. Eastern Time. The call will follow the Company’s release of its earnings results earlier that morning at 8:00 a.m. Eastern Time.

Earnings Call Access:

• U.S. & Canada: (877) 407‑0890
• International: +1 (201) 389‑0918
• Request: ��ɫtv Second Quarter 2026 Earnings Call
• Webcast & slides: Available at www.trimas.com under Investors

Replay Access (July 30 – August 13):

• U.S. & Canada: (877) 660‑6853
• International: +1 (201) 612‑7415
• Meeting ID: 13761489
• Or visit the Investors section at www.trimas.com

About ��ɫtv
��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging, life sciences and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. ��ɫtv is publicly traded on NASDAQ under the ticker “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit .

Contact
Sherry Lauderback
Vice President, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com        

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Company Provides 2026 Full-Year Earnings Outlook

• First quarter sales growth increased 10.4% compared to prior year, including organic growth of 7.3%
• First quarter operating profit totaled $6.9 million, with adjusted operating profit of $12.7 million, up 32.2%
• Repurchased nearly 1.5 million of outstanding shares during first quarter
• Completed the divestiture of ��ɫtv Aerospace in March, generating $1.2 billion in net proceeds

BLOOMFIELD HILLS, Michigan, April 30, 2026 - ��ɫtv (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2026.

��ɫtv reported first quarter 2026 net sales of $168.3 million, a 10.4% increase compared to $152.5 million in first quarter 2025, driven by organic growth in both Packaging and Specialty Products, as well as the benefit of favorable foreign currency exchange. The Company reported operating profit of $6.9 million in first quarter 2026, compared to $7.2 million in first quarter 2025. Adjusting for Special Items⁽¹⁾, first quarter 2026 adjusted operating profit was $12.7 million, a 32.2% increase compared to $9.6 million in the prior year period, driven by stronger sales and the successful execution of cost-out and operational improvement initiatives.

The Company reported a first quarter 2026 loss from continuing operations of $51.8 million, or $1.38 per diluted share, compared to income from continuing operations of $1.9 million, or $0.05 per diluted share, in first quarter 2025. The decline was primarily attributable to a $53.9 million non-cash tax impact related to the divestiture of ��ɫtv Aerospace. Adjusting for Special Items⁽¹⁾ including this tax item, first quarter 2026 adjusted income⁽²⁾ from continuing operations was $9.0 million, representing an increase of 50.8% compared to $5.9 million in the prior year period. First quarter 2026 adjusted diluted earnings per share⁽²⁾ from continuing operations was $0.24, an increase of 60.0% compared to $0.15 in first quarter 2025.

“We delivered first quarter results consistent with our expectations, while successfully completing the divestiture of ��ɫtv Aerospace in March, an important milestone in the continued transformation of ��ɫtv,” said Thomas Snyder, ��ɫtv President and Chief Executive Officer. “We entered 2026 with a clear focus on strengthening our core businesses, and the decisive cost actions implemented in January are expected to support improved operating leverage as we move through the year. With a more focused portfolio, enhanced financial flexibility and disciplined execution across the organization, we believe ��ɫtv is well positioned to deliver improved performance and drive sustainable long‑term value for our stakeholders.”

Financial Position

During the first quarter of 2026, the Company repurchased 1,487,057 shares of its outstanding common stock for $54.5 million, contributing to a 3.4% net reduction in shares outstanding compared to December 31, 2025. As of March 31, 2026, $95.5 million remained available under the repurchase authorization, with approximately 36.3 million shares outstanding. In addition, ��ɫtv declared and paid a quarterly cash dividend of $0.04 per share.

The Company reported net cash used in operating activities of continuing operations of $19.1 million for first quarter 2026, compared to net cash provided by operating activities of continuing operations of $7.0 million in first quarter 2025. As a result, the Company reported a Free Cash Flow⁽³⁾ use of $16.1 million for first quarter 2026, compared to Free Cash Flow⁽³⁾ of $0.9 million in first quarter 2025, driven by higher levels of investment to position the business for future growth. Please see Appendix I for further details.

��ɫtv ended first quarter 2026 with $1,309.6 million of cash on hand, $1,499.7 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 1.8x as defined in the Company's credit agreement. As of March 31, 2026, the Company reported total debt of $396.6 million and Net Debt⁽⁴⁾ of $(913.0) million, reflecting cash on hand that significantly exceeded the Company's debt position following the divestiture of ��ɫtv Aerospace, which generated approximately $1.2 billion in net after‑tax proceeds. The Company utilized a portion of the proceeds to repurchase outstanding shares and to repay revolver borrowings related to fourth quarter 2025 share repurchase activity. The remaining proceeds are currently invested in interest‑bearing investments pending further redeployment.

First Quarter Segment Results

The ��ɫtv Packaging group reported first quarter net sales of $139.2 million, an increase of 9.1% compared to first quarter 2025. Sales growth was primarily driven by higher demand for products serving the beauty and personal care, and life science end markets, as well as the benefit of favorable foreign currency exchange. This growth was partially offset by lower sales for products used in industrial closure applications. First quarter operating profit was relatively consistent with the prior year period. Operating profit margins improved sequentially compared to the fourth quarter of 2025, reflecting higher sales levels and the impact of cost‑reduction and operational improvement initiatives. On a year‑over‑year basis, margins declined, primarily due to a less favorable product sales mix.

��ɫtv' Specialty Products group reported first quarter net sales of $29.1 million, an increase of 17.0% compared to first quarter 2025, as strong year-over-year sales growth at Norris Cylinder more than offset the impact of lost sales related to the divestiture of Arrow Engine in January 2025. First quarter operating profit and margins increased compared to the prior year period, with operating margins expanding 940 basis points year-over-year, primarily reflecting the benefit of prior restructuring actions and operating leverage on higher sales volumes at Norris Cylinder.

Discontinued Operations

The divestiture of ��ɫtv Aerospace was completed on March 16, 2026, with the sale of the business to PennAero, a portfolio company of Tinicum L.P. and funds managed by Blackstone, Inc., for approximately $1.5 billion in cash. Net after‑tax proceeds from the transaction totaled approximately $1.2 billion in cash. Following the closing, the Company repaid outstanding borrowings under its revolving credit facility related to share repurchase activity during the fourth quarter of 2025, and utilized a portion of the proceeds toward additional share repurchases. The remaining proceeds were invested in liquid, interest‑bearing accounts. The Company intends to maintain these investments until the proceeds are deployed for organic growth initiatives, strategic acquisition opportunities or additional share repurchases.

The results of operations for ��ɫtv Aerospace, which were previously reported within the Aerospace segment, along with one-time transaction-related costs, have been classified as discontinued operations for all periods presented.

Realignment and Cost-Out Initiatives

��ɫtv continues to advance its realignment and cost‑out initiatives, which are simplifying the organization and improving operating efficiency. As previously announced, actions taken in January 2026 are expected to generate more than $10 million of savings in 2026 and approximately $15 million on an annualized basis. Building on this progress, in March 2026, the Company announced plans to consolidate its Atkins, Arkansas, packaging facility into other locations by mid‑year 2026, an action expected to deliver an additional $0.5 million of savings in 2026 and approximately $1 million in annual cost savings.

2026 Outlook

The Company is reaffirming the full year 2026 sales and margin outlook previously provided on February 26, 2026. For 2026, the Company continues to expect sales growth of 3% to 6% year-over-year across its combined Packaging and Specialty Products businesses and more than 300 basis points of adjusted operating profit margin improvement, driven by cost reductions and realignment initiatives. In addition, the Company is providing full year 2026 adjusted diluted earnings per share⁽²⁾ from continuing operations guidance, which is expected to be in the range of $1.50 to $1.70, representing an approximate 191% increase at the midpoint compared to $0.55 in 2025. This outlook assumes approximately $9 million of interest income per each remaining quarter and assumes no significant change in interest rates or the redeployment of the cash proceeds for the remainder of the year.

“With the divestiture of ��ɫtv Aerospace now complete, ��ɫtv is operating as a more focused and agile company,” said Snyder. “This portfolio simplification allows us to concentrate on our Packaging and Specialty Products businesses, where we see opportunities for continued growth, operational improvement and margin expansion. Our realignment and cost‑out initiatives are strengthening our operating foundation, and as we progress through 2026, we expect these actions to drive meaningful year‑over‑year EPS growth."

“We are also actively monitoring global conditions and working with our customers, suppliers and operating teams to mitigate potential impacts related to the conflict in the Middle East, including potential supply chain constraints and cost volatility. In parallel, the successful completion of the Aerospace transaction has enhanced our financial flexibility, enabling disciplined capital deployment to support organic growth investments, pursue strategically aligned acquisitions in packaging and life sciences, and return capital to shareholders through share repurchases.”

The above outlook includes the impact of all announced acquisitions and divestitures as of April 30, 2026. The outlook provided assumes no significant impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2026 guidance are after adjusting for any current or future amounts that may be considered Special Items. The inability to predict the amount and timing of the impacts of these Special Items makes a detailed reconciliation of these forward-looking non-GAAP financial measures impracticable.⁽¹⁾

Conference Call Information

��ɫtv will host its first quarter 2026 earnings conference call today, Thursday, April 30, 2026, at 10 a.m. ET. To participate via phone, please dial (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada), and ask to be connected to the ��ɫtv first quarter 2026 earnings conference call. The conference call will also be simultaneously webcast via the ��ɫtv website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the ��ɫtv website or by dialing (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) with a meeting ID of 13759871, beginning April 30, 2026, at 3:00 p.m. ET through May 14, 2026, at 3:00 p.m. ET. 

Notice Regarding Forward-Looking Statements

Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to recognize the benefits of and effectively deploy the net proceeds from the sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2025. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law. 

Non-GAAP Financial Measures

In this release, certain non-GAAP financial measures are used. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure may be found in Appendix I at the end of this release. Management believes that presenting these non-GAAP financial measures provides useful information to investors by helping them identify underlying trends in the Company’s businesses and facilitating comparisons of performance with prior and future periods and to the Company’s peers. These non-GAAP financial measures should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.

Reconciliations of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are provided only for the expected impact of amortization of acquisition-related intangible assets for completed acquisitions, as the Company is unable to provide estimates of future Special Items⁽¹⁾ or amortization from future acquisitions without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items impacting comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. 

Additional information is available at www.trimas.com under the “Investors” section.

⁽¹⁾     Appendix I details certain costs, expenses and other amounts or charges, collectively described as "Special Items," that are included in the determination of net income, earnings per share and/or cash flows from operating activities under GAAP, but that management believes should be separately considered when evaluating the quality of the Company’s core operating results, given they may not reflect the ongoing activities of the business.

⁽²⁾     The Company defines adjusted net income (and on a per diluted share basis, adjusted diluted earnings per share) as net income (per GAAP), plus or minus the after-tax impact of Special Items⁽¹⁾, plus the after-tax impacts of non-cash acquisition-related intangible asset amortization and non-cash compensation expense. While the acquisition-related intangible assets aid in the Company’s revenue generation, the Company adjusts for the non-cash amortization expense and non-cash compensation expense because the Company believes it (i) enhances management’s and investors’ ability to analyze underlying business performance, (ii) facilitates comparisons of financial results over multiple periods, and (iii) provides more relevant comparisons of financial results with the results of other companies as the amortization expense associated with these assets may fluctuate significantly from period to period based on the timing, size, nature, and number of acquisitions.    

⁽³⁾      The Company defines Free Cash Flow as Net Cash Provided by/Used for Operating Activities, excluding the cash impact of Special Items, less Capital Expenditures. Please see Appendix I for additional details.   

⁽⁴⁾    The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.

About ��ɫtv

��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging, life sciences and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. Headquartered in Bloomfield Hills, Michigan, ��ɫtv is publicly traded on NASDAQ under the ticker symbol “TRS.”  For more information, please visit www.trimas.com.

Contact
Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com

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BLOOMFIELD HILLS, Michigan, April 23, 2026 – ��ɫtv (NASDAQ: TRS) announced today that its Board of Directors declared a quarterly cash dividend of $0.04 per share of ��ɫtv Corporation stock. The quarterly dividend is payable on May 14, 2026, to shareholders of record as of the close of business on May 7, 2026.

About ��ɫtv
��ɫtv designs, manufactures and supplies a broad range of innovative and high-quality products for the consumer packaging, life sciences and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long-term value for all stakeholders. ��ɫtv is publicly traded on NASDAQ under the ticker “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit .

Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to recognize the benefits of and effectively deploy the net proceeds from the sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2025. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact
Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com

Download Press Release 

BLOOMFIELD HILLS, Michigan, April 7, 2026 – ��ɫtv (NASDAQ: TRS) today announced that it will hold its first quarter 2026 earnings conference call on Thursday, April 30, 2026, at 10 a.m. Eastern Time. The call will follow the Company’s release of its earnings results earlier that morning at 8:00 a.m. Eastern Time.

Earnings Call Access:

• U.S. & Canada: (877) 407‑0890
• International: +1 (201) 389‑0918
• Request: ��ɫtv First Quarter 2026 Earnings Call
• Webcast & slides: Available at www.trimas.com under Investors

Replay Access (April 30 – May 14):

• U.S. & Canada: (877) 660‑6853
• International: +1 (201) 612‑7415
• Meeting ID: 13759871
• Or visit the Investors section at www.trimas.com

About ��ɫtv
��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging, life sciences and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. ��ɫtv is publicly traded on NASDAQ under the ticker “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit .

Contact
Sherry Lauderback
Vice President, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com        

Transaction Sharpens Company Focus and Strengthens Platform for Future Growth

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BLOOMFIELD HILLS, Michigan, March 16, 2026 – ��ɫtv (NASDAQ: TRS) today announced that it has completed the previously announced divestiture of the ��ɫtv Aerospace business (“��ɫtv Aerospace”) to PennAero, a portfolio company of Tinicum L.P. and funds managed by Blackstone, Inc. The transaction, first disclosed on November 4, 2025, was completed for approximately $1.45 billion in cash, subject to customary post-closing adjustments, with estimated net after-tax proceeds of approximately $1.2 billion.

“This transaction represents a significant milestone in ��ɫtv’ ongoing transformation, further sharpening our focus and enhancing our financial flexibility,” said Thomas Snyder, President and Chief Executive Officer. “As we noted previously, we expect to use the net proceeds to support organic growth investments, pursue strategically aligned acquisition opportunities and repurchase shares. Whether through customer-focused innovation, operational excellence, productivity improvements or strategic acquisitions focused on attractive packaging and life sciences opportunities, this step strengthens our ability to pursue long‑term growth that elevates the overall ��ɫtv portfolio. Guided by our Strategic Investment Committee, we will continue to evaluate opportunities that advance our vision for a more customer-centric, growth‑focused ��ɫtv, while delivering strong returns for our shareholders.”

��ɫtv will provide certain transitional services to the buyer under a Transition Services Agreement (TSA), for which the company will be reimbursed. The transaction is the result of ��ɫtv’ evaluation of strategic alternatives for the business, which was first announced on February 10, 2025. PJT Partners and BofA Securities served as financial advisors, and Jones Day served as outside legal counsel to ��ɫtv.

Snyder continued, “We extend our sincere gratitude to Vitaliy Rusakov and the entire ��ɫtv Aerospace team. Their relentless focus on performance improvement, operational discipline and customer excellence has positioned the aerospace business for future success and ensured a smooth transition. We deeply appreciate their leadership and dedication throughout this process and are confident the business is well-prepared for its next phase of growth under new ownership.”

About ��ɫtv
��ɫtv designs, manufactures and supplies a broad range of innovative and high‑quality products for the consumer packaging and industrial markets through its ��ɫtv Packaging and Specialty Products groups. With approximately 2,500 employees in 12 countries, ��ɫtv is committed to empowering customer success through deep partnerships, strong technical expertise, focused innovation, and exceptional quality and service. Guided by a culture of continuous improvement and operational excellence, ��ɫtv invests in its people and capabilities to deliver long‑term value for all stakeholders. Headquartered in Bloomfield Hills, Michigan, ��ɫtv is publicly traded on NASDAQ under the ticker symbol “TRS.” For more information, please visit .

Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to recognize the benefits of and effectively deploy the net proceeds from the sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2025. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact
Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com

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BLOOMFIELD HILLS, Michigan, February 26, 2026 – ��ɫtv (NASDAQ: TRS) today announced that its Board of Directors has increased the Company’s common stock share repurchase authorization to a total of up to $150 million, adding to the $48.9 million remaining under the previous authorization.

During 2025, ��ɫtv repurchased 3,124,866 shares of its outstanding common stock for $103.3 million, with more than three million shares repurchased since the announcement of the Aerospace divestiture. As of December 31, 2025, the Company had approximately 37.6 million shares outstanding.

“Increasing our share repurchase authorization to $150 million reflects our confidence in ��ɫtv’ long‑term value,” said Thomas Snyder, ��ɫtv President and Chief Executive Officer. “As we continue to focus our portfolio and deploy capital with discipline, this expanded authorization provides additional flexibility to repurchase shares as we advance our strategic priorities and complete the pending divestiture.”

The extent to which ��ɫtv repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, share price, regulatory requirements, other available uses of capital and other corporate considerations. The share repurchase program does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice.

About ��ɫtv
��ɫtv designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its ��ɫtv Packaging, ��ɫtv Aerospace and Specialty Products groups. Powered by 3,700 dedicated employees in 13 countries, we provide customers with a wide range of innovative and high-quality product solutions through our market-leading businesses. We are publicly traded on the NASDAQ under the ticker symbol “TRS” and are headquartered in Bloomfield Hills, Michigan. For more information, please visit .

Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to successfully complete the planned sale of our ��ɫtv Aerospace business (“��ɫtv Aerospace”) within the expected time frame or at all; our ability to recognize the benefits of and effectively deploy the proceeds from the planned sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in our Annual Report on Form 10-K for the year ended December 31, 2024, and Part II, Item 1A, "Risk Factors," in our subsequent Quarterly Reports on Form 10-Q. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact
Sherry Lauderback
VP, Investor Relations, Communications & Sustainability
(248) 631-5506
sherry.lauderback@trimas.com        

Download Press Release

• Full‑year and fourth quarter 2025 results in line with Company expectations
• Repurchased more than three million shares during fourth quarter; today announced an increase in share repurchase authorization
• Implemented cost reduction initiatives expected to generate $15 million in annualized savings
• Aerospace moved to Discontinued Operations; divestiture on track to close in first quarter 2026

BLOOMFIELD HILLS, Michigan, February 26, 2026 - ��ɫtv (NASDAQ: TRS) today announced financial results for the fourth quarter and full year ended December 31, 2025.

Summary

($ in millions, except per share amounts)

"We finished 2025 with a solid performance at the upper end of our earnings per share guidance range, supported by continued strong top-line growth and disciplined execution across our businesses,” said Thomas Snyder, ��ɫtv President and Chief Executive Officer. “Since stepping into the CEO role last June, my focus has been on building momentum and positioning ��ɫtv for its next chapter. Our previously announced Aerospace transaction continues to progress as planned, with completion expected in mid-to-late March. In parallel, we are realigning ��ɫtv for the future, streamlining our operating structure, executing cost-out initiatives and creating a more agile, customer-centric organization. The proceeds of the Aerospace divestiture will enable us to invest in our business, expand further into attractive packaging and life sciences opportunities, accelerate value creation and deliver compelling long-term returns for our shareholders."

Total Company Results (Before Consideration of Discontinued Operations)

��ɫtv reported full year 2025 total company net sales of $1,042.2 million, up 12.7% from 2024, with growth in the Packaging and Aerospace groups. Operating profit increased to $108.3 million, compared to $47.2 million in 2024. Adjusting for Special Items⁽¹⁾, operating profit was $106.7 million, a 28.8% increase over $82.8 million in the prior year. ��ɫtv total company full year 2025 net income was $120.1 million, or $2.95 per diluted share, compared to $24.3 million, or $0.60 per diluted share, in 2024. Total company 2025 adjusted net income⁽²⁾ was $85.3 million, up from $67.7 million in 2024. As a result, adjusted diluted earnings per share⁽²⁾ increased 26.7% to $2.09, compared to $1.65 in the prior year, driven primarily by higher sales levels and continued operational improvement initiatives.

For fourth quarter 2025, total company net sales were $256.5 million, up 12.5% from $228.1 million in fourth quarter 2024. Fourth quarter 2025 operating profit was $42.8 million, compared to $8.6 million in fourth quarter 2024. Adjusting for Special Items⁽¹⁾, operating profit was $20.2 million, compared to $23.2 million in fourth quarter 2024. ��ɫtv reported total company net income of $81.7 million, or $2.03 per diluted share, compared to $5.6 million, or $0.14 per diluted share, in fourth quarter 2024. Fourth quarter 2025 adjusted net income⁽²⁾ was $16.3 million, compared to $17.5 million in the prior year period. Adjusted diluted earnings per share⁽²⁾ was $0.40, compared to $0.43 in fourth quarter 2024, primarily reflecting the timing and levels of incentive compensation between periods.

��ɫtv Aerospace Divestiture Update and Discontinued Operations

The previously announced sale of ��ɫtv Aerospace (the “Transaction”) to an affiliate of Tinicum L.P. and funds managed by Blackstone under the definitive agreement entered into on November 4, 2025, remains on track for completion. ��ɫtv Aerospace is expected to be sold for approximately $1.45 billion in cash, subject to customary post-closing adjustments, resulting in estimated net after-tax proceeds of approximately $1.2 billion. The Company currently expects to use the proceeds to support organic growth investments, pursue strategically aligned acquisition opportunities and repurchase shares. The Company also plans to repay the borrowings outstanding on its revolving credit facility resulting from the recent share repurchase activity and hold the remaining proceeds in interest‑bearing accounts until deployed.

Beginning in the fourth quarter of 2025, the Company began reporting the quarterly and full year results of ��ɫtv Aerospace, previously included in the Aerospace segment, as Discontinued Operations. In addition, at closing, the parties will enter into a customary transition services agreement covering certain support services. Following completion of the Transaction, ��ɫtv will operate in two segments: Packaging, representing the ��ɫtv Packaging business, and the Specialty Products segment, which includes Norris Cylinder.

To provide historical information on a basis that reflects the planned sale of ��ɫtv Aerospace, the Company has recast certain historical results, included as Exhibit 99.2 to the Form 8-K being filed today.

Results from Continuing Operations

For full year 2025, ��ɫtv reported net sales from continuing operations of $645.7 million, an increase of 2.4% compared to 2024, as sales growth in the Packaging group was partially offset by a 7.0% decline in Specialty Products due to the Arrow Engine sale. Full year 2025 income from continuing operations was $72.3 million, or $1.78 per diluted share, compared to a loss of $2.0 million, or $0.05 per diluted share, in 2024. Adjusting for Special Items⁽¹⁾, full year 2025 adjusted income⁽²⁾ from continuing operations was $22.4 million, compared to $31.6 million in 2024. Adjusted diluted earnings per share⁽²⁾ from continuing operations was $0.55, compared to $0.77 in the prior year, primarily reflecting the differences in timing and levels of incentive compensation between periods, as well as the lower operating profit related to the sale of Arrow Engine in early 2025.

For fourth quarter 2025, ��ɫtv reported fourth quarter 2025 net sales from continuing operations of $155.5 million, an increase of 3.8% over $149.7 million in fourth quarter 2024, driven by continued growth in the Packaging group. ��ɫtv reported income from continuing operations of $72.9 million, or $1.81 per diluted share, compared to a loss of $3.5 million, or $0.09 per diluted share, in fourth quarter 2024. Adjusting for Special Items⁽¹⁾, adjusted income⁽²⁾ from continuing operations was $1.6 million, compared to $7.1 million in the prior year period. Adjusted diluted earnings per share⁽²⁾ from continuing operations was $0.04, compared to $0.17 in fourth quarter 2024.

Share Repurchases

During 2025, ��ɫtv repurchased 3,124,866 shares of its outstanding common stock for $103.3 million, with more than three million of these shares repurchased since the announcement of the Aerospace divestiture. As of December 31, 2025, the Company had approximately $48.9 million remaining under its share repurchase authorization and approximately 37.6 million shares outstanding.

Today, the Company announced that its Board of Directors has increased its common stock share repurchase authorization to a total of up to $150 million, adding to the $48.9 million remaining under the previous authorization. The Board will continue to assess adding to the Company's existing share repurchase authorization.

Financial Position

The Company generated $41.5 million of net cash provided by operating activities in fourth quarter 2025, compared to $27.1 million in fourth quarter 2024. As a result, total company Free Cash Flow⁽³⁾ for the quarter was $43.3 million, up from $16.8 million in fourth quarter 2024. On a full year basis, ��ɫtv reported net cash provided by operating activities of $117.5 million, compared to $63.8 million for 2024. As a result, total company full year Free Cash Flow⁽³⁾ was $87.2 million, an increase of 197.6% from $29.3 million in 2024, driven by improved operating performance and continued working capital discipline. Please see Appendix I for further details.

��ɫtv ended 2025 with $30.0 million of cash on hand, $205.2 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 2.7x as defined in its credit agreement. As of December 31, 2025, ��ɫtv reported total debt of $469.2 million and Net Debt⁽⁴⁾ of $439.2 million, including borrowings of $72.8 million under its revolving credit facility used primarily to fund share repurchases. As noted above, the Company expects to receive approximately $1.2 billion in net after‑tax proceeds upon completion of the sale of ��ɫtv Aerospace, which will significantly enhance liquidity and financial flexibility.

Fourth Quarter Segment Results

��ɫtv Packaging group reported fourth quarter net sales of $129.3 million, a 5.0% increase compared to fourth quarter 2024. Growth was primarily driven by higher demand for products for industrial and life science markets, and the benefit of favorable foreign currency exchange, partially offset by continued softer demand for closures and flexible packaging products used in food and beverage applications. Fourth quarter operating profit and margins declined year-over-year, primarily as a result of a less favorable sales mix.

��ɫtv' Specialty Products group reported fourth quarter net sales of $26.2 million, a slight decline of 1.4% compared to fourth quarter 2024, as a 13.8% year-over-year sales increase at Norris Cylinder was more than offset by the loss of sales related to the Arrow Engine divestiture in January 2025. Fourth quarter operating profit and margins improved over the prior year period, driven by the benefit of prior restructuring actions at Norris Cylinder, which helped offset the profit loss from the Arrow Engine sale.

��ɫtv Aerospace group, which is now reported in Discontinued Operations, generated fourth quarter net sales of $101.0 million, an increase of 28.9% compared to fourth quarter 2024. This strong growth was primarily driven by higher industry build rates, new contract awards, commercial actions and the first‑quarter 2025 acquisition of ��ɫtv Aerospace Germany (TAG). Fourth quarter operating profit and margins increased significantly over the prior year period, driven by improved sales conversion, commercial actions and operational excellence initiatives, even with incremental allocations related to the pending sale of the business.

Realignment and Cost-Out Initiatives

��ɫtv executed a comprehensive organizational realignment to streamline operations, strengthen customer responsiveness and drive sustainable cost savings. The realignment integrates select corporate and business functions to simplify the structure, eliminates duplication and improves operational efficiency. These initiatives are expected to generate more than $10 million in savings in 2026 and approximately $15 million on an annualized basis, with additional cost-reduction initiatives underway.

As part of this effort, ��ɫtv Packaging is restructuring its commercial and operational model to eliminate silos, accelerate decision‑making, and deliver more integrated customer solutions. The changes include unifying sales teams, standardizing operations across facilities and reducing management layers to improve speed, accountability and innovation. Key initiatives include brand unification, expanded operational excellence programs, technology implementations and manufacturing footprint optimization. Collectively, these actions are expected to strengthen ��ɫtv’ operating model, enhance customer satisfaction and support sustainable long‑term value creation.

2026 Outlook

For 2026, the Company expects sales growth of 3% to 6% year-over-year across the combined Packaging and Specialty Products businesses. In addition, ��ɫtv anticipates more than 300 basis points of adjusted operating profit margin improvement, driven by the cost reduction and organizational realignment initiatives underway. Additional assumptions and modeling considerations will be discussed on the earnings call later this morning.

"As we prepare to complete the sale of ��ɫtv Aerospace, we are excited about the future of ��ɫtv as a more focused and agile company. This transaction allows us to intensify our attention on our Packaging and Specialty Products businesses, both of which are well-positioned for continued growth and operational improvement. Our realignment and cost‑out initiatives are already creating a stronger and more efficient foundation, and we expect these actions to drive meaningful margin expansion as we progress through 2026. We also look forward to deploying the Aerospace sale proceeds in ways that enhance long‑term value for our shareholders, employees and customers. Consistent with this approach, we expect to use the proceeds to support organic growth investments, pursue strategically aligned acquisition opportunities and repurchase shares,” continued Snyder.

Conference Call Information

��ɫtv will host its fourth quarter and full year 2025 earnings conference call today, Thursday, February 26, 2026, at 10:00 a.m. ET. To participate via phone, please dial (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the ��ɫtv fourth quarter and full year 2025 earnings conference call. The conference call will also be simultaneously webcast via ��ɫtv' website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the ��ɫtv website or by dialing (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) with a meeting ID of 13758505, beginning February 26, 2026, at 3:00 p.m. ET through March 12, 2026, at 3:00 p.m. ET. 

Notice Regarding Forward-Looking Statements

The above outlook includes the impact of all announced acquisitions and divestitures as of February 26, 2026. All of the above amounts considered as 2026 guidance are after adjusting for any current or future amounts that may be considered Special Items. The inability to predict the amount and timing of the impacts of these Special Items makes a detailed reconciliation of these forward-looking non-GAAP financial measures impracticable.⁽¹⁾

Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to ��ɫtv’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; government and regulatory actions, including, without limitation, the impact of current and future tariffs and reciprocal tariffs, quotas and surcharges, as well as climate change legislation and other environmental regulations; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; our ability to successfully complete the planned sale of our ��ɫtv Aerospace business (“��ɫtv Aerospace”) within the expected time frame or at all; our ability to recognize the benefits of and effectively deploy the proceeds from the planned sale of ��ɫtv Aerospace; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance ("ESG") goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition and disposition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Annual Report on Form 10-K for the year ended December 31, 2024, and Part II, Item 1A, "Risk Factors," in our subsequent Quarterly Reports on Form 10-Q. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.

Non-GAAP Financial Measures

In this release, certain non-GAAP financial measures are used. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure may be found in Appendix I at the end of this release. Management believes that presenting these non-GAAP financial measures provides useful information to investors by helping them identify underlying trends in the Company’s businesses and facilitating comparisons of performance with prior and future periods and to the Company’s peers. These non-GAAP financial measures should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.

Reconciliations of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are provided only for the expected impact of amortization of acquisition-related intangible assets for completed acquisitions, as the Company is unable to provide estimates of future Special Items⁽¹⁾ or amortization from future acquisitions without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items impacting comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.

Additional information is available at www.trimas.com under the “Investors” section.

⁽¹⁾     Appendix I details certain costs, expenses and other amounts or charges, collectively described as "Special Items," that are included in the determination of net income, earnings per share and/or cash flows from operating activities under GAAP, but that management believes should be separately considered when evaluating the quality of the Company’s core operating results, given they may not reflect the ongoing activities of the business.

⁽²⁾     The Company defines adjusted net income (and on a per diluted share basis, adjusted diluted earnings per share) as net income (per GAAP), plus or minus the after-tax impact of Special Items⁽¹⁾, plus the after-tax impacts of non-cash acquisition-related intangible asset amortization and non-cash compensation expense. While the acquisition-related intangible assets aid in the Company’s revenue generation, the Company adjusts for the non-cash amortization expense and non-cash compensation expense because the Company believes it (i) enhances management’s and investors’ ability to analyze underlying business performance, (ii) facilitates comparisons of financial results over multiple periods, and (iii) provides more relevant comparisons of financial results with the results of other companies as the amortization expense associated with these assets may fluctuate significantly from period to period based on the timing, size, nature, and number of acquisitions.    

⁽³⁾      The Company defines Free Cash Flow as Net Cash Provided by/Used for Operating Activities, excluding the cash impact of Special Items, less Capital Expenditures. Please see Appendix I for additional details.   

⁽⁴⁾    The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.

About ��ɫtv

��ɫtv designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its ��ɫtv Packaging, ��ɫtv Aerospace and Specialty Products groups. Powered by 3,700 dedicated employees in 13 countries, we provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. ��ɫtv is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.

Contact

Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
sherry.lauderback@trimas.com