News/news/2025/feed/atom/2026-06-03T22:35:30-04:0091͵MYOB91͵ Announces New Chief Financial Officer 2025-12-04T13:02:47-05:002025-12-04T13:02:47-05:00/news/2025/trimas-announces-new-chief-financial-officer/Kathryn Lucchese <p><a href="/images/12.4.25_FINAL_Chief_Financial_Officer_Update.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, December 4, 2025 </strong>– 91͵ (NASDAQ: TRS) today announced the appointment of Paul Swart as Chief Financial Officer, effective December 15, 2025. Paul will report to Thomas Snyder, 91͵ President and Chief Executive Officer, and will succeed Teresa Finley, Interim Chief Financial Officer and 91͵ Board Member.</p>
<p>Paul brings more than 25 years of strategic leadership and financial oversight experience, including two decades in key operational and corporate finance and accounting roles at 91͵ prior to his recent tenure at RealTruck. Most recently, he served in the roles of Senior Vice President of Finance and Chief Accounting Officer at RealTruck, where he led all aspects of accounting, financial reporting, tax, treasury and financial transformation. During his tenure, Paul also oversaw financial diligence, planning and integration for multiple acquisitions, driving synergy realization and performance to achieve strategic investment objectives. He partnered closely with executive leadership to implement enterprise-wide initiatives, optimize efficiency across global operations and champion talent development within the finance organization.</p>
<p>“We’re excited to welcome Paul to our leadership team,” said Snyder. “He brings a wealth of experience and a strong history of driving results. His deep expertise across finance, operations and strategy will be a valuable asset as 91͵ continues to expand and sharpen its operational execution. Paul’s global background and previous experience at 91͵, along with his proficiency in finance, accounting, systems and operations, make him a strong fit for our future.”</p>
<p>Prior to joining RealTruck in 2023, Paul spent 20 years at 91͵ serving in a variety of accounting and financial roles of increasing responsibility, including Vice President of Business Planning, Controller and Chief Accounting Officer. While at 91͵, his extensive experience spanned across technical accounting, corporate and operational finance, SEC and financial reporting, SOX compliance, capital allocation, mergers and acquisitions, and risk management. Earlier in his career, Paul was Manager of Assurance and Advisory Business Services at Ernst & Young LLP. A Certified Public Accountant, Paul also holds a bachelor’s degree in business administration from the University of Michigan.</p>
<p>“I want to sincerely thank Teresa for stepping in as Interim CFO during the past nine months,” continued Snyder. “Her leadership, dedication and willingness to serve in this capacity have been invaluable to 91͵ to better position us for the future, and we deeply appreciate her continued commitment to the Company.”</p>
<p><strong><span style="text-decoration: underline;">About 91͵</span> <br></strong>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="http://www.trimas.com">www.trimas.com</a>.</p>
<p><strong><span style="text-decoration: underline;">Notice Regarding Forward-Looking Statements</span><br></strong>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 the Transaction and 91͵’ business, financial condition or future results, involve risks and uncertainties, including, but not limited to: the ability to consummate the previously announced Transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the satisfaction of certain closing conditions, some of which are outside of 91͵’ control; 91͵’s ability to realize the expected benefits of the Transaction; the risk that regulatory approvals that are required to complete the Transaction may not be received, may take longer than expected or may impose adverse conditions; 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a> </p><p><a href="/images/12.4.25_FINAL_Chief_Financial_Officer_Update.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, December 4, 2025 </strong>– 91͵ (NASDAQ: TRS) today announced the appointment of Paul Swart as Chief Financial Officer, effective December 15, 2025. Paul will report to Thomas Snyder, 91͵ President and Chief Executive Officer, and will succeed Teresa Finley, Interim Chief Financial Officer and 91͵ Board Member.</p>
<p>Paul brings more than 25 years of strategic leadership and financial oversight experience, including two decades in key operational and corporate finance and accounting roles at 91͵ prior to his recent tenure at RealTruck. Most recently, he served in the roles of Senior Vice President of Finance and Chief Accounting Officer at RealTruck, where he led all aspects of accounting, financial reporting, tax, treasury and financial transformation. During his tenure, Paul also oversaw financial diligence, planning and integration for multiple acquisitions, driving synergy realization and performance to achieve strategic investment objectives. He partnered closely with executive leadership to implement enterprise-wide initiatives, optimize efficiency across global operations and champion talent development within the finance organization.</p>
<p>“We’re excited to welcome Paul to our leadership team,” said Snyder. “He brings a wealth of experience and a strong history of driving results. His deep expertise across finance, operations and strategy will be a valuable asset as 91͵ continues to expand and sharpen its operational execution. Paul’s global background and previous experience at 91͵, along with his proficiency in finance, accounting, systems and operations, make him a strong fit for our future.”</p>
<p>Prior to joining RealTruck in 2023, Paul spent 20 years at 91͵ serving in a variety of accounting and financial roles of increasing responsibility, including Vice President of Business Planning, Controller and Chief Accounting Officer. While at 91͵, his extensive experience spanned across technical accounting, corporate and operational finance, SEC and financial reporting, SOX compliance, capital allocation, mergers and acquisitions, and risk management. Earlier in his career, Paul was Manager of Assurance and Advisory Business Services at Ernst & Young LLP. A Certified Public Accountant, Paul also holds a bachelor’s degree in business administration from the University of Michigan.</p>
<p>“I want to sincerely thank Teresa for stepping in as Interim CFO during the past nine months,” continued Snyder. “Her leadership, dedication and willingness to serve in this capacity have been invaluable to 91͵ to better position us for the future, and we deeply appreciate her continued commitment to the Company.”</p>
<p><strong><span style="text-decoration: underline;">About 91͵</span> <br></strong>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="http://www.trimas.com">www.trimas.com</a>.</p>
<p><strong><span style="text-decoration: underline;">Notice Regarding Forward-Looking Statements</span><br></strong>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 the Transaction and 91͵’ business, financial condition or future results, involve risks and uncertainties, including, but not limited to: the ability to consummate the previously announced Transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the satisfaction of certain closing conditions, some of which are outside of 91͵’ control; 91͵’s ability to realize the expected benefits of the Transaction; the risk that regulatory approvals that are required to complete the Transaction may not be received, may take longer than expected or may impose adverse conditions; 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a> </p>91͵ Announces Increased Share Repurchase Authorization to $150 Million2025-11-14T08:33:23-05:002025-11-14T08:33:23-05:00/news/2025/trimas-announces-increased-share-repurchase-authorization-to-150-million/Kathryn Lucchese <p><a href="/images/11.14.25_FINAL_Share_Repurchase.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, November 14, 2025 </strong>– 91͵ (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 $65.4 million remaining under the previous authorization.</p>
<p>“Increasing our share repurchase authorization reinforces our long-term commitment to returning capital to shareholders and the Board’s confidence in 91͵’ future,” said Thomas Snyder, 91͵ President and Chief Executive Officer. “While market factors influence our equity market valuation, we believe our current stock price does not fully reflect the underlying value and growth potential of our businesses. We will continue to monitor market conditions and refine our capital allocation strategy as appropriate, particularly in light of the pending sale of our Aerospace business.”</p>
<p>The extent to which 91͵ 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.</p>
<p><strong><span style="text-decoration: underline;">About 91͵</span> <br></strong>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="http://www.trimas.com">www.trimas.com</a>.</p>
<p><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements<br></strong></span>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 the Transaction and 91͵’ business, financial condition or future results, involve risks and uncertainties, including, but not limited to: the ability to consummate the Transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the satisfaction of certain closing conditions, some of which are outside of 91͵’ control; 91͵’s ability to realize the expected benefits of the Transaction; the risk that regulatory approvals that are required to complete the Transaction may not be received, may take longer than expected or may impose adverse conditions; 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><span style="text-decoration: underline;"><strong>Contact<br></strong></span>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a> </p><p><a href="/images/11.14.25_FINAL_Share_Repurchase.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, November 14, 2025 </strong>– 91͵ (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 $65.4 million remaining under the previous authorization.</p>
<p>“Increasing our share repurchase authorization reinforces our long-term commitment to returning capital to shareholders and the Board’s confidence in 91͵’ future,” said Thomas Snyder, 91͵ President and Chief Executive Officer. “While market factors influence our equity market valuation, we believe our current stock price does not fully reflect the underlying value and growth potential of our businesses. We will continue to monitor market conditions and refine our capital allocation strategy as appropriate, particularly in light of the pending sale of our Aerospace business.”</p>
<p>The extent to which 91͵ 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.</p>
<p><strong><span style="text-decoration: underline;">About 91͵</span> <br></strong>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="http://www.trimas.com">www.trimas.com</a>.</p>
<p><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements<br></strong></span>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 the Transaction and 91͵’ business, financial condition or future results, involve risks and uncertainties, including, but not limited to: the ability to consummate the Transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the satisfaction of certain closing conditions, some of which are outside of 91͵’ control; 91͵’s ability to realize the expected benefits of the Transaction; the risk that regulatory approvals that are required to complete the Transaction may not be received, may take longer than expected or may impose adverse conditions; 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><span style="text-decoration: underline;"><strong>Contact<br></strong></span>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a> </p>91͵ Enters into Agreement to Sell 91͵ Aerospace2025-11-04T08:49:49-05:002025-11-04T08:49:49-05:00/news/2025/trimas-enters-into-agreement-to-sell-trimas-aerospace/Kathryn Lucchese <p><a href="/images/FINAL_11.4.25_91͵_Enters_Agreement_to_Sell_91͵_Aerospace.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, November 4, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that it has entered into a definitive agreement to sell its Aerospace segment for an all-cash purchase price of approximately $1.45 billion to an affiliate of Tinicum L.P. (the “Transaction”). Funds managed by Blackstone will be a minority investor in the Transaction. The purchase price represents an enterprise value multiple of approximately 18x last twelve months (LTM) third quarter 2025 adjusted EBITDA<sup>(1)</sup>.</p>
<p>“As previously communicated, the 91͵ Board of Directors has been actively evaluating strategic options to optimize our business portfolio and unlock greater value for our shareholders,” commented Herbert Parker, 91͵’ Board of Directors Chair. “We are pleased to announce this agreement, which we believe represents a compelling valuation and validates the strength of the aerospace business we’ve built. Over the past several years, our aerospace leadership team has executed a significant transformation, delivering sustained sales growth, deepening customer partnerships and driving meaningful operational improvements. This transaction reflects the high-quality nature of the business and its continued strong momentum.”<br><br>“This transaction represents a win for our employees, our shareholders and the future of our business,” said Thomas Snyder, 91͵ President & Chief Executive Officer. “Upon completion of this divestiture, we will be centered around a more focused, high-margin packaging platform that will enable us to capitalize on long-term growth and deliver superior value. Our top priority is reinvesting to drive profitable growth, including through targeted high-quality acquisitions. In support of that, we’ve established a Strategic Investment Committee, which will guide disciplined evaluation and prioritization of potential acquisitions that best align with our growth strategy. This committee will also actively evaluate additional options, including returning capital to shareholders and strengthening our balance sheet.”<br><br>The closing is expected to occur by the end of the first quarter of 2026, subject to customary regulatory approvals and closing conditions. PJT Partners and BofA Securities are serving as financial advisors and have led the sale process, while Jones Day is serving as outside legal counsel for 91͵. Solomon Partners acted as financial advisor to the Purchaser. Kirkland & Ellis served as legal counsel to Takeoff Buyer, Inc. and to Blackstone, while Goodwin Procter advised Tinicum.<br><br>“We would like to thank the 91͵ Aerospace team for its contributions to 91͵ and its leadership throughout the sale process. We are also extremely proud of the great work our broader team has done to strengthen and improve its business, and we remain committed to delivering the highest level of service to 91͵ Aerospace customers during this transition,” concluded Snyder.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>About 91͵ Aerospace</strong></span><br>91͵ Aerospace is a leading provider of highly-engineered fasteners and precision-machined components for mission-critical applications across the global commercial aerospace and defense industries. Backed by a portfolio of trusted brands, including Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, TFI Aerospace, 91͵ Aerospace Germany, Martinic Engineering™, RSA Engineered Products™ and Weldmac Manufacturing Company, 91͵ Aerospace delivers innovative solutions that meet the most rigorous industry standards. With approximately $374 million in revenue over the last twelve months, the business operates nine manufacturing facilities and employs around 1,250 dedicated team members, all focused on supporting the evolving needs of aerospace customers worldwide.<br><br><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements</strong></span><br>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 the Transaction and 91͵’ business, financial condition or future results, involve risks and uncertainties, including, but not limited to: the ability to consummate the Transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the satisfaction of certain closing conditions, some of which are outside of 91͵’ control; 91͵’s ability to realize the expected benefits of the Transaction; the risk that regulatory approvals that are required to complete the Transaction may not be received, may take longer than expected or may impose adverse conditions; 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><sup>(1)</sup> Adjusted EBITDA for the last twelve months ended September 30, 2025, is defined as net income plus expense (benefit) for interest, taxes, depreciation, amortization and non-cash stock compensation, all as adjusted for the impact of Special Items, and including an estimate of standalone costs.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p><p><a href="/images/FINAL_11.4.25_91͵_Enters_Agreement_to_Sell_91͵_Aerospace.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, November 4, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that it has entered into a definitive agreement to sell its Aerospace segment for an all-cash purchase price of approximately $1.45 billion to an affiliate of Tinicum L.P. (the “Transaction”). Funds managed by Blackstone will be a minority investor in the Transaction. The purchase price represents an enterprise value multiple of approximately 18x last twelve months (LTM) third quarter 2025 adjusted EBITDA<sup>(1)</sup>.</p>
<p>“As previously communicated, the 91͵ Board of Directors has been actively evaluating strategic options to optimize our business portfolio and unlock greater value for our shareholders,” commented Herbert Parker, 91͵’ Board of Directors Chair. “We are pleased to announce this agreement, which we believe represents a compelling valuation and validates the strength of the aerospace business we’ve built. Over the past several years, our aerospace leadership team has executed a significant transformation, delivering sustained sales growth, deepening customer partnerships and driving meaningful operational improvements. This transaction reflects the high-quality nature of the business and its continued strong momentum.”<br><br>“This transaction represents a win for our employees, our shareholders and the future of our business,” said Thomas Snyder, 91͵ President & Chief Executive Officer. “Upon completion of this divestiture, we will be centered around a more focused, high-margin packaging platform that will enable us to capitalize on long-term growth and deliver superior value. Our top priority is reinvesting to drive profitable growth, including through targeted high-quality acquisitions. In support of that, we’ve established a Strategic Investment Committee, which will guide disciplined evaluation and prioritization of potential acquisitions that best align with our growth strategy. This committee will also actively evaluate additional options, including returning capital to shareholders and strengthening our balance sheet.”<br><br>The closing is expected to occur by the end of the first quarter of 2026, subject to customary regulatory approvals and closing conditions. PJT Partners and BofA Securities are serving as financial advisors and have led the sale process, while Jones Day is serving as outside legal counsel for 91͵. Solomon Partners acted as financial advisor to the Purchaser. Kirkland & Ellis served as legal counsel to Takeoff Buyer, Inc. and to Blackstone, while Goodwin Procter advised Tinicum.<br><br>“We would like to thank the 91͵ Aerospace team for its contributions to 91͵ and its leadership throughout the sale process. We are also extremely proud of the great work our broader team has done to strengthen and improve its business, and we remain committed to delivering the highest level of service to 91͵ Aerospace customers during this transition,” concluded Snyder.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>About 91͵ Aerospace</strong></span><br>91͵ Aerospace is a leading provider of highly-engineered fasteners and precision-machined components for mission-critical applications across the global commercial aerospace and defense industries. Backed by a portfolio of trusted brands, including Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, TFI Aerospace, 91͵ Aerospace Germany, Martinic Engineering™, RSA Engineered Products™ and Weldmac Manufacturing Company, 91͵ Aerospace delivers innovative solutions that meet the most rigorous industry standards. With approximately $374 million in revenue over the last twelve months, the business operates nine manufacturing facilities and employs around 1,250 dedicated team members, all focused on supporting the evolving needs of aerospace customers worldwide.<br><br><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements</strong></span><br>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 the Transaction and 91͵’ business, financial condition or future results, involve risks and uncertainties, including, but not limited to: the ability to consummate the Transaction on the expected terms and within the anticipated time period, or at all, which is dependent on the satisfaction of certain closing conditions, some of which are outside of 91͵’ control; 91͵’s ability to realize the expected benefits of the Transaction; the risk that regulatory approvals that are required to complete the Transaction may not be received, may take longer than expected or may impose adverse conditions; 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><sup>(1)</sup> Adjusted EBITDA for the last twelve months ended September 30, 2025, is defined as net income plus expense (benefit) for interest, taxes, depreciation, amortization and non-cash stock compensation, all as adjusted for the impact of Special Items, and including an estimate of standalone costs.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>91͵ Reports Third Quarter 2025 Results2025-10-28T08:05:50-04:002025-10-28T08:05:50-04:00/news/2025/trimas-reports-third-quarter-2025-results/Super User<p><a href="/images/202510/FINAL102825-Q3-Earnings-Release.pdf" class="wf_file" title="Download Press Release"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a></p>
<p><strong><em>Aerospace Sales Up 45.8%; Company Raises 2025 Full-Year Earnings Outlook</em></strong></p>
<ul>
<li>Third quarter diluted EPS of $0.23, with adjusted diluted EPS of $0.61, up 41.9%</li>
<li>Third quarter operating profit of $16.6 million, with adjusted operating profit of $30.3 million, up 33.9%</li>
<li>Consolidated sales growth of 17.4%, with organic growth, net of currency impact, of 16.1%</li>
</ul>
<p><strong>BLOOMFIELD HILLS, Michigan, October 28, 2025</strong> - 91͵ (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2025. The Company reported third quarter 2025 net income of $9.3 million, or $0.23 per diluted share, compared to $2.5 million, or $0.06 per diluted share, in third quarter 2024. Adjusting for Special Items<sup>(1)</sup>, third quarter 2025 adjusted net income<sup>(2)</sup> was $25.1 million, compared to $17.7 million in third quarter 2024. Third quarter 2025 adjusted diluted earnings per share<sup>(2) </sup>was $0.61, an increase of 41.9% compared to $0.43 in the prior year period.</p>
<p>91͵ reported third quarter 2025 net sales of $269.3 million, a 17.4% increase compared to $229.4 million in third quarter 2024, with growth across all three business segments, led by continued strong performance in Aerospace. The Company reported operating profit of $16.6 million in third quarter 2025, compared to $8.3 million in third quarter 2024. Adjusting for Special Items<sup>(1)</sup>, third quarter 2025 adjusted operating profit was $30.3 million, a 33.9% increase compared to $22.7 million in the prior year period, driven by stronger sales and the successful execution of commercial and operational improvement initiatives within 91͵ Aerospace.</p>
<p>“We delivered another strong quarter, led by robust performance in our Aerospace group and top-line growth across all three of our businesses," said Thomas Snyder, 91͵ President and Chief Executive Officer. "As we close out the year and lay the groundwork for the future, we remain committed to operational excellence and disciplined commercial execution to drive sustained growth that will deliver long-term value for our stakeholders. Given our strong performance to date, we are raising our full-year 2025 earnings outlook. Looking ahead, we remain confident in the growth potential of our two largest segments, Aerospace and Packaging, and are encouraged by the ongoing recovery in our Specialty Products business.”</p>
<p><strong>Financial Position</strong></p>
<p>The Company reported net cash provided by operating activities of $36.5 million for third quarter 2025, compared to $22.0 million in third quarter 2024, driven by improved performance and continued working capital management. As a result, the Company reported Free Cash Flow<sup>(3)</sup> of $26.4 million for third quarter 2025, compared to $15.4 million in third quarter 2024. On a year-to-date basis, the Company reported net cash provided by operating activities of $75.9 million through third quarter 2025, compared to $36.7 million through third quarter 2024. As a result, the Company reported year-to-date Free Cash Flow<sup>(3)</sup> of $43.9 million for third quarter 2025, compared to $12.6 million for third quarter 2024.</p>
<p>91͵ ended third quarter 2025 with $33.6 million of cash on hand, $270.7 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 2.3x as defined in the Company's credit agreement. As of September 30, 2025, 91͵ reported total debt of $407.1 million and Net Debt<sup>(4)</sup> of $373.4 million. With a solid balance sheet and no near-term debt maturities, the Company remains committed to its capital allocation priorities of investing in business growth and consistently returning capital to shareholders.</p>
<p>During the first nine months of 2025, the Company repurchased 106,220 shares of its outstanding common stock for $2.3 million. As of September 30, 2025, the Company had $65.4 million remaining under the repurchase authorization. 91͵ also paid a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock.</p>
<p><strong>Third Quarter Segment Results</strong></p>
<p>91͵ Packaging group's net sales for the third quarter were $135.7 million, an increase of 4.2% compared to third quarter 2024, primarily driven by growth in beauty and personal care dispensers and the impact of favorable currency exchange, partially offset by softer demand for closures and flexible packaging products for food and beverage applications. Third quarter operating profit and margin declined slightly, primarily due to a challenging year-over-year comparison related to gains on the sale of non-core properties of $1.1 million in Q3 2024 that did not recur.</p>
<p>91͵ Aerospace group's net sales for the third quarter were $103.2 million, an increase of 45.8% compared to third quarter 2024, primarily due to an increase in industry build rates, new awards, commercial actions and the acquisition of 91͵ Aerospace Germany (TAG) during first quarter 2025. Third quarter 2025 adjusted operating profit margin increased 860 basis points over the same period in 2024, primarily driven by improved sales conversion, commercial actions and operational excellence initiatives. The year-over-year increases also reflect the absence of a work stoppage at a manufacturing facility that impacted results in the third quarter of 2024.</p>
<p>91͵ Specialty Products group's net sales for the third quarter were $30.3 million, an increase of 7.2% compared to third quarter 2024, as a 31.3% year-over-year sales increase for Norris Cylinder more than offset the loss of sales related to the divestiture of Arrow Engine in January 2025. Third quarter operating profit and margins were relatively flat as compared to the same period in 2024, as higher absorption of fixed costs and previous restructuring actions at Norris Cylinder offset most of the profit lost related to the divestiture of Arrow Engine.</p>
<p><strong>2025 Outlook</strong></p>
<p>The Company has raised its full-year 2025 adjusted diluted earnings per share<sup>(2)</sup> (EPS) outlook. The Company now expects to deliver full year 2025 adjusted diluted EPS in the range of $2.02 to $2.12, an increase from the previously announced range of $1.95 to $2.10, provided on July 29, 2025. Additionally, 91͵ now anticipates consolidated sales growth to reach the higher end of its previously projected full-year 2025 outlook of 8% to 10%, compared to 2024.</p>
<p><strong>Conference Call Information</strong></p>
<p>91͵ will host its third quarter 2025 earnings conference call today, Tuesday, October 28, 2025, 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 91͵ third quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via the 91͵ website at <a href="/index.php?Itemid=101">www.trimas.com</a>, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the <a href="/index.php?Itemid=101">91͵ website</a> 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 13756458, beginning October 28, 2025, at 3:00 p.m. ET through November 11, 2025, at 3:00 p.m. ET. </p>
<p><strong>Notice Regarding Forward-Looking Statements</strong></p>
<p>The above outlook includes the impact of all announced acquisitions. The outlook provided assumes no detrimental impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2025 guidance are after adjusting for any current or future amounts that may be considered Special Items, and in the case of adjusted diluted earnings per share, acquisition-related intangible asset amortization expense for deals that have not yet been consummated. 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.<sup>(1)</sup></p>
<p>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 91͵’ 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><strong>Non-GAAP Financial Measures</strong></p>
<p>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.</p>
<p>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<sup>(1)</sup> 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. </p>
<p>Additional information is available at <a href="/index.php?Itemid=101">www.trimas.com</a> under the “Investors” section.</p>
<p><sup>(1) </sup>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.</p>
<p><sup>(2) </sup>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<sup>(1)</sup>, 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.<sup> </sup></p>
<p><sup>(3) </sup>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.<sup> </sup></p>
<p><sup>(4) </sup>The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.</p>
<p><strong>About 91͵</strong></p>
<p>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="/index.php?Itemid=101">www.trimas.com</a>.</p>
<p><strong>Contact</strong></p>
<p>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-4.png" alt="91͵ Q3 Earnings Release page 4" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-5.png" alt="91͵ Q3 Earnings Release page 5" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-6.png" alt="91͵ Q3 Earnings Release page 6" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-7.png" alt="91͵ Q3 Earnings Release page 7" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-8.png" alt="91͵ Q3 Earnings Release page 8" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-9.png" alt="91͵ Q3 Earnings Release page 9" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-10.png" alt="91͵ Q3 Earnings Release page 10" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p><p><a href="/images/202510/FINAL102825-Q3-Earnings-Release.pdf" class="wf_file" title="Download Press Release"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a></p>
<p><strong><em>Aerospace Sales Up 45.8%; Company Raises 2025 Full-Year Earnings Outlook</em></strong></p>
<ul>
<li>Third quarter diluted EPS of $0.23, with adjusted diluted EPS of $0.61, up 41.9%</li>
<li>Third quarter operating profit of $16.6 million, with adjusted operating profit of $30.3 million, up 33.9%</li>
<li>Consolidated sales growth of 17.4%, with organic growth, net of currency impact, of 16.1%</li>
</ul>
<p><strong>BLOOMFIELD HILLS, Michigan, October 28, 2025</strong> - 91͵ (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2025. The Company reported third quarter 2025 net income of $9.3 million, or $0.23 per diluted share, compared to $2.5 million, or $0.06 per diluted share, in third quarter 2024. Adjusting for Special Items<sup>(1)</sup>, third quarter 2025 adjusted net income<sup>(2)</sup> was $25.1 million, compared to $17.7 million in third quarter 2024. Third quarter 2025 adjusted diluted earnings per share<sup>(2) </sup>was $0.61, an increase of 41.9% compared to $0.43 in the prior year period.</p>
<p>91͵ reported third quarter 2025 net sales of $269.3 million, a 17.4% increase compared to $229.4 million in third quarter 2024, with growth across all three business segments, led by continued strong performance in Aerospace. The Company reported operating profit of $16.6 million in third quarter 2025, compared to $8.3 million in third quarter 2024. Adjusting for Special Items<sup>(1)</sup>, third quarter 2025 adjusted operating profit was $30.3 million, a 33.9% increase compared to $22.7 million in the prior year period, driven by stronger sales and the successful execution of commercial and operational improvement initiatives within 91͵ Aerospace.</p>
<p>“We delivered another strong quarter, led by robust performance in our Aerospace group and top-line growth across all three of our businesses," said Thomas Snyder, 91͵ President and Chief Executive Officer. "As we close out the year and lay the groundwork for the future, we remain committed to operational excellence and disciplined commercial execution to drive sustained growth that will deliver long-term value for our stakeholders. Given our strong performance to date, we are raising our full-year 2025 earnings outlook. Looking ahead, we remain confident in the growth potential of our two largest segments, Aerospace and Packaging, and are encouraged by the ongoing recovery in our Specialty Products business.”</p>
<p><strong>Financial Position</strong></p>
<p>The Company reported net cash provided by operating activities of $36.5 million for third quarter 2025, compared to $22.0 million in third quarter 2024, driven by improved performance and continued working capital management. As a result, the Company reported Free Cash Flow<sup>(3)</sup> of $26.4 million for third quarter 2025, compared to $15.4 million in third quarter 2024. On a year-to-date basis, the Company reported net cash provided by operating activities of $75.9 million through third quarter 2025, compared to $36.7 million through third quarter 2024. As a result, the Company reported year-to-date Free Cash Flow<sup>(3)</sup> of $43.9 million for third quarter 2025, compared to $12.6 million for third quarter 2024.</p>
<p>91͵ ended third quarter 2025 with $33.6 million of cash on hand, $270.7 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 2.3x as defined in the Company's credit agreement. As of September 30, 2025, 91͵ reported total debt of $407.1 million and Net Debt<sup>(4)</sup> of $373.4 million. With a solid balance sheet and no near-term debt maturities, the Company remains committed to its capital allocation priorities of investing in business growth and consistently returning capital to shareholders.</p>
<p>During the first nine months of 2025, the Company repurchased 106,220 shares of its outstanding common stock for $2.3 million. As of September 30, 2025, the Company had $65.4 million remaining under the repurchase authorization. 91͵ also paid a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock.</p>
<p><strong>Third Quarter Segment Results</strong></p>
<p>91͵ Packaging group's net sales for the third quarter were $135.7 million, an increase of 4.2% compared to third quarter 2024, primarily driven by growth in beauty and personal care dispensers and the impact of favorable currency exchange, partially offset by softer demand for closures and flexible packaging products for food and beverage applications. Third quarter operating profit and margin declined slightly, primarily due to a challenging year-over-year comparison related to gains on the sale of non-core properties of $1.1 million in Q3 2024 that did not recur.</p>
<p>91͵ Aerospace group's net sales for the third quarter were $103.2 million, an increase of 45.8% compared to third quarter 2024, primarily due to an increase in industry build rates, new awards, commercial actions and the acquisition of 91͵ Aerospace Germany (TAG) during first quarter 2025. Third quarter 2025 adjusted operating profit margin increased 860 basis points over the same period in 2024, primarily driven by improved sales conversion, commercial actions and operational excellence initiatives. The year-over-year increases also reflect the absence of a work stoppage at a manufacturing facility that impacted results in the third quarter of 2024.</p>
<p>91͵ Specialty Products group's net sales for the third quarter were $30.3 million, an increase of 7.2% compared to third quarter 2024, as a 31.3% year-over-year sales increase for Norris Cylinder more than offset the loss of sales related to the divestiture of Arrow Engine in January 2025. Third quarter operating profit and margins were relatively flat as compared to the same period in 2024, as higher absorption of fixed costs and previous restructuring actions at Norris Cylinder offset most of the profit lost related to the divestiture of Arrow Engine.</p>
<p><strong>2025 Outlook</strong></p>
<p>The Company has raised its full-year 2025 adjusted diluted earnings per share<sup>(2)</sup> (EPS) outlook. The Company now expects to deliver full year 2025 adjusted diluted EPS in the range of $2.02 to $2.12, an increase from the previously announced range of $1.95 to $2.10, provided on July 29, 2025. Additionally, 91͵ now anticipates consolidated sales growth to reach the higher end of its previously projected full-year 2025 outlook of 8% to 10%, compared to 2024.</p>
<p><strong>Conference Call Information</strong></p>
<p>91͵ will host its third quarter 2025 earnings conference call today, Tuesday, October 28, 2025, 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 91͵ third quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via the 91͵ website at <a href="/index.php?Itemid=101">www.trimas.com</a>, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the <a href="/index.php?Itemid=101">91͵ website</a> 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 13756458, beginning October 28, 2025, at 3:00 p.m. ET through November 11, 2025, at 3:00 p.m. ET. </p>
<p><strong>Notice Regarding Forward-Looking Statements</strong></p>
<p>The above outlook includes the impact of all announced acquisitions. The outlook provided assumes no detrimental impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2025 guidance are after adjusting for any current or future amounts that may be considered Special Items, and in the case of adjusted diluted earnings per share, acquisition-related intangible asset amortization expense for deals that have not yet been consummated. 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.<sup>(1)</sup></p>
<p>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 91͵’ 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; 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 discussed in Part I, Item 1A, "Risk Factors," 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 in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q 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.</p>
<p><strong>Non-GAAP Financial Measures</strong></p>
<p>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.</p>
<p>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<sup>(1)</sup> 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. </p>
<p>Additional information is available at <a href="/index.php?Itemid=101">www.trimas.com</a> under the “Investors” section.</p>
<p><sup>(1) </sup>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.</p>
<p><sup>(2) </sup>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<sup>(1)</sup>, 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.<sup> </sup></p>
<p><sup>(3) </sup>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.<sup> </sup></p>
<p><sup>(4) </sup>The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.</p>
<p><strong>About 91͵</strong></p>
<p>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="/index.php?Itemid=101">www.trimas.com</a>.</p>
<p><strong>Contact</strong></p>
<p>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-4.png" alt="91͵ Q3 Earnings Release page 4" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-5.png" alt="91͵ Q3 Earnings Release page 5" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-6.png" alt="91͵ Q3 Earnings Release page 6" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-7.png" alt="91͵ Q3 Earnings Release page 7" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-8.png" alt="91͵ Q3 Earnings Release page 8" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-9.png" alt="91͵ Q3 Earnings Release page 9" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>
<p><img src="/images/202510/FINAL102825-Q3-Earnings-Release-10.png" alt="91͵ Q3 Earnings Release page 10" width="773" height="1000" style="display: block; margin-left: auto; margin-right: auto;"></p>91͵ Declares Quarterly Dividend 2025-10-23T09:02:48-04:002025-10-23T09:02:48-04:00/news/2025/trimas-declares-quarterly-dividend-4/Kathryn Lucchese <p><a href="/images/FINAL_10.23.25_Quarterly_Dividend_Announcement.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a> </p>
<p><strong>BLOOMFIELD HILLS, Michigan, October 23, 2025</strong> – 91͵ (NASDAQ: TRS) today declared a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock. The quarterly dividend is payable on November 13, 2025, to shareholders of record as of the close of business on November 6, 2025.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements</strong></span><br>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 91͵’ 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; 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 goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition 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 discussed in Part I, Item 1A, "Risk Factors," in our Annual Report on Form 10-K for the year ended December 31, 2024, and in the Second Quarter 2025 report on Form 10-Q. The risks described in our Annual Report on Form 10-K and in the Second Quarter 2025 report on Form 10-Q 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. 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.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p><p><a href="/images/FINAL_10.23.25_Quarterly_Dividend_Announcement.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a> </p>
<p><strong>BLOOMFIELD HILLS, Michigan, October 23, 2025</strong> – 91͵ (NASDAQ: TRS) today declared a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock. The quarterly dividend is payable on November 13, 2025, to shareholders of record as of the close of business on November 6, 2025.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements</strong></span><br>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 91͵’ 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; 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 goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition 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 discussed in Part I, Item 1A, "Risk Factors," in our Annual Report on Form 10-K for the year ended December 31, 2024, and in the Second Quarter 2025 report on Form 10-Q. The risks described in our Annual Report on Form 10-K and in the Second Quarter 2025 report on Form 10-Q 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. 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.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>91͵ Announces Third Quarter 2025 Earnings Conference Call Date 2025-10-07T10:03:43-04:002025-10-07T10:03:43-04:00/news/2025/trimas-announces-third-quarter-2025-earnings-conference-call-date/Kathryn Lucchese <p><a href="/images/FINAL_10.7.25_Announcing_Earnings_Date_Release.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, October 7, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that it will host its third quarter 2025 earnings conference call on Tuesday, October 28, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of third quarter 2025 earnings results at 8 a.m. that day.</p>
<p>To participate on the earnings conference call, 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 91͵ third quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via 91͵’ website at www.trimas.com, under the “Investors” section, with an accompanying slide presentation.</p>
<p>If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning October 28 at 3 p.m. Eastern Time through November 11 at 3 p.m. Eastern Time. To access the replay, please dial: (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) and use meeting ID 13756458 to access or visit the “Investors” section of the Company’s website.</p>
<p><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets, through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>. </p>
<p><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>Vice President, Investor Relations, Communications & Sustainability <br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>
<p> </p><p><a href="/images/FINAL_10.7.25_Announcing_Earnings_Date_Release.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, October 7, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that it will host its third quarter 2025 earnings conference call on Tuesday, October 28, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of third quarter 2025 earnings results at 8 a.m. that day.</p>
<p>To participate on the earnings conference call, 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 91͵ third quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via 91͵’ website at www.trimas.com, under the “Investors” section, with an accompanying slide presentation.</p>
<p>If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning October 28 at 3 p.m. Eastern Time through November 11 at 3 p.m. Eastern Time. To access the replay, please dial: (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) and use meeting ID 13756458 to access or visit the “Investors” section of the Company’s website.</p>
<p><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets, through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>. </p>
<p><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>Vice President, Investor Relations, Communications & Sustainability <br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>
<p> </p>91͵ Packaging to Exhibit at Two Leading Global Trade Shows2025-09-10T10:04:49-04:002025-09-10T10:04:49-04:00/news/2025/trimas-packaging-to-exhibit-at-two-global-trade-shows/Kathryn Lucchese <h6><span style="font-size: 14pt;"><strong><em>Company to Attend Drinktec and LUXE PACK Monaco in September</em></strong></span></h6>
<p style="text-align: left;"><a href="/images/FINAL_9.10.25_91͵_Packaging_to_Exhibit_at_Drinktec_and_LUXE_PACK_Monaco_2025.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, September 10, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that its 91͵ Packaging group is participating in two premier international trade shows in September. At these events, the Company will showcase its broad portfolio of innovative and sustainable dispensing, closure and flexible packaging solutions for the global markets.<br><br><strong>Drinktec</strong><br>• Date: September 15–19, 2025<br>• Location: Trade Fair Center Messe München, Munich, Germany<br>• Booth: #424 in Hall C6<br><br>Making its debut at the world’s leading trade fair for the beverage and liquid food industry, 91͵ Packaging will present its comprehensive range of caps, closures, dispensing and flexible packaging solutions for the food and beverage market. Highlights will include a range of tethered beverage caps, featuring both sports and flat caps, as well as high-performance dispensing pumps and bag-in-box systems. The Company will also introduce its newest innovations, including the GME 30.40-compatible lightweight, aseptic two-piece flip-top sports cap, engineered to advance performance, support sustainability goals and enhance the end-user experience.<br><br><strong>LUXE PACK Monaco</strong><br>• Date: September 29–October 1, 2025<br>• Location: Grimaldi Forum, Monaco<br>• Booth: #RD10 in the Ravel Hall<br><br>As the premier global event for luxury packaging, LUXE PACK Monaco will provide the stage for 91͵ Packaging to showcase its extensive product portfolio for the beauty, cosmetics and personal care sectors. The exhibit will feature the Company’s latest high-performance fragrance pumps and premium closures, as well as new additions to the Singolo™ fully recyclable, all-plastic product line. New innovations include 2cc and 4cc dispensing pumps, foaming pumps, treatment pumps and airless dispensing systems, each designed and engineered to combine sustainability with exceptional quality and user satisfaction.<br><br>“At 91͵ Packaging, we are committed to delivering solutions that help our customers enhance product performance, minimize environmental impact and enrich the consumer experience,” said Fabio Salik, President, 91͵ Packaging. “These two events provide excellent opportunities to present our technologies to a diverse global audience across food and beverage, beauty and luxury markets.”<br><br><span style="text-decoration: underline;"><strong>About 91͵ Packaging</strong></span><br>91͵ Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets, including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 22 locations worldwide, 91͵ Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit <a href="https://www.trimaspackaging.com">www.trimaspackaging.com</a>.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Kristin Reim<br>Communications Specialist<br>(615) 927-1908<br><a href="mailto:kristin.reim@trimas.com">kristin.reim@trimas.com</a></p><h6><span style="font-size: 14pt;"><strong><em>Company to Attend Drinktec and LUXE PACK Monaco in September</em></strong></span></h6>
<p style="text-align: left;"><a href="/images/FINAL_9.10.25_91͵_Packaging_to_Exhibit_at_Drinktec_and_LUXE_PACK_Monaco_2025.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, September 10, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that its 91͵ Packaging group is participating in two premier international trade shows in September. At these events, the Company will showcase its broad portfolio of innovative and sustainable dispensing, closure and flexible packaging solutions for the global markets.<br><br><strong>Drinktec</strong><br>• Date: September 15–19, 2025<br>• Location: Trade Fair Center Messe München, Munich, Germany<br>• Booth: #424 in Hall C6<br><br>Making its debut at the world’s leading trade fair for the beverage and liquid food industry, 91͵ Packaging will present its comprehensive range of caps, closures, dispensing and flexible packaging solutions for the food and beverage market. Highlights will include a range of tethered beverage caps, featuring both sports and flat caps, as well as high-performance dispensing pumps and bag-in-box systems. The Company will also introduce its newest innovations, including the GME 30.40-compatible lightweight, aseptic two-piece flip-top sports cap, engineered to advance performance, support sustainability goals and enhance the end-user experience.<br><br><strong>LUXE PACK Monaco</strong><br>• Date: September 29–October 1, 2025<br>• Location: Grimaldi Forum, Monaco<br>• Booth: #RD10 in the Ravel Hall<br><br>As the premier global event for luxury packaging, LUXE PACK Monaco will provide the stage for 91͵ Packaging to showcase its extensive product portfolio for the beauty, cosmetics and personal care sectors. The exhibit will feature the Company’s latest high-performance fragrance pumps and premium closures, as well as new additions to the Singolo™ fully recyclable, all-plastic product line. New innovations include 2cc and 4cc dispensing pumps, foaming pumps, treatment pumps and airless dispensing systems, each designed and engineered to combine sustainability with exceptional quality and user satisfaction.<br><br>“At 91͵ Packaging, we are committed to delivering solutions that help our customers enhance product performance, minimize environmental impact and enrich the consumer experience,” said Fabio Salik, President, 91͵ Packaging. “These two events provide excellent opportunities to present our technologies to a diverse global audience across food and beverage, beauty and luxury markets.”<br><br><span style="text-decoration: underline;"><strong>About 91͵ Packaging</strong></span><br>91͵ Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets, including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 22 locations worldwide, 91͵ Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit <a href="https://www.trimaspackaging.com">www.trimaspackaging.com</a>.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Kristin Reim<br>Communications Specialist<br>(615) 927-1908<br><a href="mailto:kristin.reim@trimas.com">kristin.reim@trimas.com</a></p>91͵ Reports Second Quarter 2025 Results2025-07-28T16:21:11-04:002025-07-28T16:21:11-04:00/news/2025/trimas-reports-second-quarter-2025-results/Super User<h2><em>Aerospace Sales Up 32.5%; Company Raises 2025 Full-year Earnings Outlook</em></h2>
<ul>
<li>Second quarter diluted EPS of $0.41, with adjusted diluted EPS of $0.61, up 41.9%</li>
<li>Second quarter operating profit of $27.1 million, with adjusted operating profit of $31.8 million, up 53.2%</li>
<li>Consolidated sales growth of 14.2%, with organic growth, net of currency impact, of 13.4%</li>
</ul>
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<p><strong>BLOOMFIELD HILLS, Michigan, July 29, 2025</strong> - 91͵ (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2025. The Company reported second quarter 2025 net income of $16.7 million, or $0.41 per diluted share, compared to $10.9 million, or $0.27 per diluted share, in second quarter 2024. Adjusting for Special Items<sup>(1)</sup>, second quarter 2025 adjusted net income<sup>(2)</sup> was $25.1 million, compared to $17.5 million in second quarter 2024. Second quarter 2025 adjusted diluted earnings per share<sup>(2) </sup>was $0.61, an increase of 41.9% compared to $0.43 in the prior year period.</p>
<p>91͵ reported second quarter 2025 net sales of $274.8 million, an increase of 14.2% compared to $240.5 million in second quarter 2024, as sales growth in its Packaging and Aerospace segments more than offset the loss of sales related to the divestiture of Arrow Engine in its Specialty Products segment. The Company reported operating profit of $27.1 million in second quarter 2025, compared to $17.9 million in second quarter 2024. Adjusting for Special Items<sup>(1)</sup>, second quarter 2025 adjusted operating profit was $31.8 million, an increase of 53.2% compared to $20.8 million in the prior year period, as a result of the favorable impacts of higher sales, and commercial and operational improvement actions.</p>
<p>“Our team delivered another strong quarter, driven by solid top-line growth with improving margins in both our Aerospace and Packaging segments," said Thomas Snyder, newly appointed President and Chief Executive Officer of 91͵. "I look forward to building upon this success and driving long-term value by aligning our strategies to advance our commercial opportunities in the marketplace and to accelerate our performance around operational excellence. Given our momentum, we are raising our full-year 2025 sales and earnings outlook. As we look ahead, we remain confident in the long-term growth potential of our two largest segments, Packaging and Aerospace, as well as the ongoing recovery within our Specialty Products business.”</p>
<p><strong>Financial Position</strong></p>
<p>The Company reported net cash provided by operating activities of $30.3 million for second quarter 2025, compared to $18.4 million in second quarter 2024, driven by improved performance and continued working capital management. As a result, the Company reported Free Cash Flow<sup>(3)</sup> of $16.9 million for second quarter 2025, compared to $11.4 million in second quarter 2024. </p>
<p>91͵ ended second quarter 2025 with $30.3 million of cash on hand, $249.4 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 2.6x as defined in the Company's credit agreement. As of June 30, 2025, 91͵ reported total debt of $424.5 million and Net Debt<sup>(4)</sup> of $394.3 million. With a strong balance sheet and no near-term maturities, the Company remains committed to its capital allocation priorities of investing for growth in its businesses and returning capital to shareholders.</p>
<p>During the first six months of 2025, the Company repurchased 106,220 shares of its outstanding common stock for $2.3 million. As of June 30, 2025, the Company had $65.4 million remaining under the repurchase authorization. 91͵ also paid a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock.</p>
<p><strong>Second Quarter Segment Results</strong></p>
<p>91͵ Packaging group's net sales for the second quarter were $143.0 million, an increase of 8.4% compared to second quarter 2024, primarily due to organic growth of 7.9% related to the beauty & personal care and industrial end markets, partially offset by lower sales of products used in food & beverage applications. Second quarter operating profit and margin improved slightly compared to the prior year period, as a result of the improved performance and cost management activities.</p>
<p>91͵ Aerospace group's net sales for the second quarter were $103.0 million, an increase of 32.5% compared to second quarter 2024, primarily due to an increase in industry build rates, new awards, commercial actions and the acquisition of 91͵ Aerospace Germany (TAG) during first quarter 2025. Second quarter 2025 operating profit margin increased 650 basis points over the same period in 2024, primarily due to higher sales conversion, commercial actions and operational excellence initiatives.</p>
<p>91͵ Specialty Products group's net sales for the second quarter were $28.7 million, a decrease of 6.8% compared to second quarter 2024, as a 13.0% year-over-year sales increase for Norris Cylinder was more than offset by the loss of sales related to the divestiture of Arrow Engine in January 2025. Second quarter operating profit and margin increased as compared to the same period in 2024, as higher absorption of fixed costs and previous restructuring actions at Norris Cylinder more than offset the loss of profit related to Arrow Engine and higher inventory capitalized variances in the quarter.</p>
<p><strong>2025 Outlook</strong></p>
<p>The Company raised its full year 2025 outlook originally provided on February 27, 2025. The Company now expects to generate full year 2025 adjusted diluted earnings per share<sup>(2)</sup> in the range of $1.95 to $2.10, as compared to the previous range of $1.70 to $1.85. The Company is also now estimating that 91͵’ 2025 consolidated sales growth will range between 8% to 10%, as compared to full year 2024, and as compared to the previously provided sales growth range of 4% to 6%.</p>
<p>“Following a strong first half of the year, we are increasing our full-year guidance, supported by sustained momentum in our Aerospace business and positive trends within Specialty Products. Our Packaging group remains on track, delivering continued growth and margin expansion that further supports our outlook. We continue to closely monitor the evolving impacts of tariffs and remain focused on driving ongoing performance improvements,” concluded Snyder.</p>
<p><strong>Conference Call Information</strong></p>
<p>91͵ will host its second quarter 2025 earnings conference call today, Tuesday, July 29, 2025, 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 91͵ second quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via the 91͵ website at <a href="/index.php?Itemid=101">www.trimas.com</a>, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the 91͵ 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 13754837, beginning July 29, 2025, at 3:00 p.m. ET through August 12, 2025, at 3:00 p.m. ET. </p>
<p><strong>Notice Regarding Forward-Looking Statements</strong></p>
<p>The above outlook includes the impact of all announced acquisitions. The outlook provided assumes no detrimental impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2025 guidance are after adjusting for any current or future amounts that may be considered Special Items, and in the case of adjusted diluted earnings per share, acquisition-related intangible asset amortization expense for deals that have not yet been consummated. 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.<sup>(1)</sup></p>
<p>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 91͵’ 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; 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 goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition 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 discussed in Part I, Item 1A, "Risk Factors," in our Annual Report on Form 10-K for the year ended December 31, 2024 and in the Second Quarter 2025 report on Form 10-Q. The risks described in our Annual Report on Form 10-K and in the Second Quarter 2025 report on Form 10-Q 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.</p>
<p><strong>Non-GAAP Financial Measures</strong></p>
<p>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.</p>
<p>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<sup>(1)</sup> 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. </p>
<p>Additional information is available at <a href="/index.php?Itemid=101">www.trimas.com</a> under the “Investors” section.</p>
<p><sup>(1) </sup>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.</p>
<p><sup>(2) </sup>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<sup>(2)</sup>, 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.<sup> </sup></p>
<p><sup>(3) </sup>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.<sup> </sup></p>
<p><sup>(4) </sup>The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.</p>
<p><strong>About 91͵</strong></p>
<p>91͵ manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 91͵ family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 91͵ Business Model. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="/index.php?Itemid=101">www.trimas.com</a>.</p>
<p><strong>Contact<br></strong>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-5.png" alt="FINAL 7.29.25 Q2 Earnings Release page 5" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-6.png" alt="FINAL 7.29.25 Q2 Earnings Release page 6" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-7.png" alt="FINAL 7.29.25 Q2 Earnings Release page 7" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
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<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-9.png" alt="FINAL 7.29.25 Q2 Earnings Release page 9" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-10.png" alt="FINAL 7.29.25 Q2 Earnings Release page 10" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-11.png" alt="FINAL 7.29.25 Q2 Earnings Release page 11" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p><h2><em>Aerospace Sales Up 32.5%; Company Raises 2025 Full-year Earnings Outlook</em></h2>
<ul>
<li>Second quarter diluted EPS of $0.41, with adjusted diluted EPS of $0.61, up 41.9%</li>
<li>Second quarter operating profit of $27.1 million, with adjusted operating profit of $31.8 million, up 53.2%</li>
<li>Consolidated sales growth of 14.2%, with organic growth, net of currency impact, of 13.4%</li>
</ul>
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<p><strong>BLOOMFIELD HILLS, Michigan, July 29, 2025</strong> - 91͵ (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2025. The Company reported second quarter 2025 net income of $16.7 million, or $0.41 per diluted share, compared to $10.9 million, or $0.27 per diluted share, in second quarter 2024. Adjusting for Special Items<sup>(1)</sup>, second quarter 2025 adjusted net income<sup>(2)</sup> was $25.1 million, compared to $17.5 million in second quarter 2024. Second quarter 2025 adjusted diluted earnings per share<sup>(2) </sup>was $0.61, an increase of 41.9% compared to $0.43 in the prior year period.</p>
<p>91͵ reported second quarter 2025 net sales of $274.8 million, an increase of 14.2% compared to $240.5 million in second quarter 2024, as sales growth in its Packaging and Aerospace segments more than offset the loss of sales related to the divestiture of Arrow Engine in its Specialty Products segment. The Company reported operating profit of $27.1 million in second quarter 2025, compared to $17.9 million in second quarter 2024. Adjusting for Special Items<sup>(1)</sup>, second quarter 2025 adjusted operating profit was $31.8 million, an increase of 53.2% compared to $20.8 million in the prior year period, as a result of the favorable impacts of higher sales, and commercial and operational improvement actions.</p>
<p>“Our team delivered another strong quarter, driven by solid top-line growth with improving margins in both our Aerospace and Packaging segments," said Thomas Snyder, newly appointed President and Chief Executive Officer of 91͵. "I look forward to building upon this success and driving long-term value by aligning our strategies to advance our commercial opportunities in the marketplace and to accelerate our performance around operational excellence. Given our momentum, we are raising our full-year 2025 sales and earnings outlook. As we look ahead, we remain confident in the long-term growth potential of our two largest segments, Packaging and Aerospace, as well as the ongoing recovery within our Specialty Products business.”</p>
<p><strong>Financial Position</strong></p>
<p>The Company reported net cash provided by operating activities of $30.3 million for second quarter 2025, compared to $18.4 million in second quarter 2024, driven by improved performance and continued working capital management. As a result, the Company reported Free Cash Flow<sup>(3)</sup> of $16.9 million for second quarter 2025, compared to $11.4 million in second quarter 2024. </p>
<p>91͵ ended second quarter 2025 with $30.3 million of cash on hand, $249.4 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 2.6x as defined in the Company's credit agreement. As of June 30, 2025, 91͵ reported total debt of $424.5 million and Net Debt<sup>(4)</sup> of $394.3 million. With a strong balance sheet and no near-term maturities, the Company remains committed to its capital allocation priorities of investing for growth in its businesses and returning capital to shareholders.</p>
<p>During the first six months of 2025, the Company repurchased 106,220 shares of its outstanding common stock for $2.3 million. As of June 30, 2025, the Company had $65.4 million remaining under the repurchase authorization. 91͵ also paid a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock.</p>
<p><strong>Second Quarter Segment Results</strong></p>
<p>91͵ Packaging group's net sales for the second quarter were $143.0 million, an increase of 8.4% compared to second quarter 2024, primarily due to organic growth of 7.9% related to the beauty & personal care and industrial end markets, partially offset by lower sales of products used in food & beverage applications. Second quarter operating profit and margin improved slightly compared to the prior year period, as a result of the improved performance and cost management activities.</p>
<p>91͵ Aerospace group's net sales for the second quarter were $103.0 million, an increase of 32.5% compared to second quarter 2024, primarily due to an increase in industry build rates, new awards, commercial actions and the acquisition of 91͵ Aerospace Germany (TAG) during first quarter 2025. Second quarter 2025 operating profit margin increased 650 basis points over the same period in 2024, primarily due to higher sales conversion, commercial actions and operational excellence initiatives.</p>
<p>91͵ Specialty Products group's net sales for the second quarter were $28.7 million, a decrease of 6.8% compared to second quarter 2024, as a 13.0% year-over-year sales increase for Norris Cylinder was more than offset by the loss of sales related to the divestiture of Arrow Engine in January 2025. Second quarter operating profit and margin increased as compared to the same period in 2024, as higher absorption of fixed costs and previous restructuring actions at Norris Cylinder more than offset the loss of profit related to Arrow Engine and higher inventory capitalized variances in the quarter.</p>
<p><strong>2025 Outlook</strong></p>
<p>The Company raised its full year 2025 outlook originally provided on February 27, 2025. The Company now expects to generate full year 2025 adjusted diluted earnings per share<sup>(2)</sup> in the range of $1.95 to $2.10, as compared to the previous range of $1.70 to $1.85. The Company is also now estimating that 91͵’ 2025 consolidated sales growth will range between 8% to 10%, as compared to full year 2024, and as compared to the previously provided sales growth range of 4% to 6%.</p>
<p>“Following a strong first half of the year, we are increasing our full-year guidance, supported by sustained momentum in our Aerospace business and positive trends within Specialty Products. Our Packaging group remains on track, delivering continued growth and margin expansion that further supports our outlook. We continue to closely monitor the evolving impacts of tariffs and remain focused on driving ongoing performance improvements,” concluded Snyder.</p>
<p><strong>Conference Call Information</strong></p>
<p>91͵ will host its second quarter 2025 earnings conference call today, Tuesday, July 29, 2025, 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 91͵ second quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via the 91͵ website at <a href="/index.php?Itemid=101">www.trimas.com</a>, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the 91͵ 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 13754837, beginning July 29, 2025, at 3:00 p.m. ET through August 12, 2025, at 3:00 p.m. ET. </p>
<p><strong>Notice Regarding Forward-Looking Statements</strong></p>
<p>The above outlook includes the impact of all announced acquisitions. The outlook provided assumes no detrimental impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2025 guidance are after adjusting for any current or future amounts that may be considered Special Items, and in the case of adjusted diluted earnings per share, acquisition-related intangible asset amortization expense for deals that have not yet been consummated. 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.<sup>(1)</sup></p>
<p>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 91͵’ 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; 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 goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition 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 discussed in Part I, Item 1A, "Risk Factors," in our Annual Report on Form 10-K for the year ended December 31, 2024 and in the Second Quarter 2025 report on Form 10-Q. The risks described in our Annual Report on Form 10-K and in the Second Quarter 2025 report on Form 10-Q 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.</p>
<p><strong>Non-GAAP Financial Measures</strong></p>
<p>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.</p>
<p>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<sup>(1)</sup> 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. </p>
<p>Additional information is available at <a href="/index.php?Itemid=101">www.trimas.com</a> under the “Investors” section.</p>
<p><sup>(1) </sup>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.</p>
<p><sup>(2) </sup>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<sup>(2)</sup>, 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.<sup> </sup></p>
<p><sup>(3) </sup>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.<sup> </sup></p>
<p><sup>(4) </sup>The Company defines Net Debt as Total Debt less Cash and Cash Equivalents. Please see Appendix I for additional details.</p>
<p><strong>About 91͵</strong></p>
<p>91͵ manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 91͵ family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 91͵ Business Model. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="/index.php?Itemid=101">www.trimas.com</a>.</p>
<p><strong>Contact<br></strong>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-5.png" alt="FINAL 7.29.25 Q2 Earnings Release page 5" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-6.png" alt="FINAL 7.29.25 Q2 Earnings Release page 6" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-7.png" alt="FINAL 7.29.25 Q2 Earnings Release page 7" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-8.png" alt="FINAL 7.29.25 Q2 Earnings Release page 8" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-9.png" alt="FINAL 7.29.25 Q2 Earnings Release page 9" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-10.png" alt="FINAL 7.29.25 Q2 Earnings Release page 10" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>
<p><img src="/images/202507/FINAL-7.29.25-Q2-Earnings-Release-11.png" alt="FINAL 7.29.25 Q2 Earnings Release page 11" width="1000" height="1294" style="display: block; margin-left: auto; margin-right: auto; margin-bottom: 1rem;"></p>91͵ Declares Quarterly Dividend 2025-07-22T09:04:12-04:002025-07-22T09:04:12-04:00/news/2025/trimas-declares-quarterly-dividend-3/Kathryn Lucchese <p><a href="/images/FINAL_7.22.25_Quarterly_Dividend_Announcement.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, July 22, 2025</strong> – 91͵ (NASDAQ: TRS) today declared a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock. The quarterly dividend is payable on August 12, 2025, to shareholders of record as of the close of business on August 5, 2025.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 91͵ family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 91͵ Business Model. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements</strong></span><br>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 91͵’ 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; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; 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; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability goals and achieve our sustainability goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition 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 Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. 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.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p><p><a href="/images/FINAL_7.22.25_Quarterly_Dividend_Announcement.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;"><span class="wf_file_text">Download Press Release</span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, July 22, 2025</strong> – 91͵ (NASDAQ: TRS) today declared a quarterly cash dividend of $0.04 per share of 91͵ Corporation stock. The quarterly dividend is payable on August 12, 2025, to shareholders of record as of the close of business on August 5, 2025.<br><br><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br>91͵ manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 91͵ family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 91͵ Business Model. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br><br><span style="text-decoration: underline;"><strong>Notice Regarding Forward-Looking Statements</strong></span><br>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 91͵’ 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; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; 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; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability goals and achieve our sustainability goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition 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 Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. 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.<br><br><span style="text-decoration: underline;"><strong>Contact</strong></span><br>Sherry Lauderback<br>VP, Investor Relations, Communications & Sustainability<br>(248) 631-5506<br><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>91͵ Announces Second Quarter 2025 Earnings Conference Call Date 2025-07-09T10:03:27-04:002025-07-09T10:03:27-04:00/news/2025/trimas-announces-second-quarter-2025-earnings-conference-call-date/Kathryn Lucchese <p><a href="/images/FINAL_7.9.25_Announcing_Earning_Date_Release.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;" /><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, July 9, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that it will host its second quarter 2025 earnings conference call on Tuesday, July 29, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of second quarter 2025 earnings results at 8 a.m. that day.<br /><br />To participate on the earnings conference call, 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 91͵ second quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via 91͵’ website at www.trimas.com, under the “Investors” section, with an accompanying slide presentation.<br /><br />If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning July 29 at 3 p.m. Eastern Time through August 12 at 3 p.m. Eastern Time. To access the replay, please dial: (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) and use meeting ID 13754837 to access or visit the “Investors” section of the Company’s website.<br /><br /><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br />91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets, through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 91͵ family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 91͵ Business Model. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br /><br /><span style="text-decoration: underline;"><strong>Contact</strong></span><br />Sherry Lauderback<br />Vice President, Investor Relations, Communications & Sustainability<br />(248) 631-5506<br /><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p><p><a href="/images/FINAL_7.9.25_Announcing_Earning_Date_Release.pdf" class="wf_file"><img src="/media/jce/icons/pdf.png" alt="pdf" class="wf_file_icon" style="border: 0px; vertical-align: middle; max-width: inherit;" /><span class="wf_file_text">Download Press Release </span></a></p>
<p><strong>BLOOMFIELD HILLS, Michigan, July 9, 2025</strong> – 91͵ (NASDAQ: TRS) announced today that it will host its second quarter 2025 earnings conference call on Tuesday, July 29, 2025. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of second quarter 2025 earnings results at 8 a.m. that day.<br /><br />To participate on the earnings conference call, 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 91͵ second quarter 2025 earnings conference call. The conference call will also be simultaneously webcast via 91͵’ website at www.trimas.com, under the “Investors” section, with an accompanying slide presentation.<br /><br />If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning July 29 at 3 p.m. Eastern Time through August 12 at 3 p.m. Eastern Time. To access the replay, please dial: (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) and use meeting ID 13754837 to access or visit the “Investors” section of the Company’s website.<br /><br /><span style="text-decoration: underline;"><strong>About 91͵</strong></span><br />91͵ designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets, through its 91͵ Packaging, 91͵ Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 91͵ family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 91͵ Business Model. 91͵ is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit <a href="https://www.trimas.com">www.trimas.com</a>.<br /><br /><span style="text-decoration: underline;"><strong>Contact</strong></span><br />Sherry Lauderback<br />Vice President, Investor Relations, Communications & Sustainability<br />(248) 631-5506<br /><a href="mailto:sherry.lauderback@trimas.com">sherry.lauderback@trimas.com</a></p>