Form 8-K

8-K — TRIMAS CORP

Accession: 0000842633-26-000057

Filed: 2026-10-29

Period: 2026-10-29

CIK: 0000842633

SIC: 3460 (METAL FORGING & STAMPINGS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — trs-20261029.htm (Primary)

EX-99.1 (trs_09302026xexhibit991.htm)

GRAPHIC (trimas_logoxpantone-workiva.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: trs-20261029.htm · Sequence: 1

trs-20261029

false000084263300008426332026-10-292026-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 29, 2026

TRIMAS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-10716 38-2687639

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification No.)

38505 Woodward Avenue, Suite 200, Bloomfield Hills, 48304

Michigan

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (248) 631-5450

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of exchange on which registered

Common stock, $0.01 par value TRS The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

TriMas Corporation (the “Company”) issued a press release on October 29, 2026, reporting its financial results for the third quarter ending September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The press release is also available on the Corporation's website at www.trimas.com.

The information presented in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 (the "Securities Act") or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are furnished herewith:

Exhibit No. Description

99.1

Press Release, dated October 29, 2026, reporting financial results for the quarter ended September 30, 2026.

104 Cover Page Interactive File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TRIMAS CORPORATION

Date: October 29, 2026 By: /s/ Paul A. Swart

Name: Paul A. Swart

Title: Chief Financial Officer

EX-99.1

Filename: trs_09302026xexhibit991.htm · Sequence: 2

Document

TRIMAS REPORTS THIRD QUARTER 2026 RESULTS

•Third quarter net sales increased 7.7% year-over-year, driven by organic growth

•Third quarter operating profit increased to $11.5 million, while adjusted operating profit increased 47.9% to $13.6 million

•Third quarter diluted EPS increased to $0.37; adjusted diluted EPS increased to $0.50

•Ended the quarter with $1.16 billion of cash and cash equivalents

•Signed agreement to sell flexible bag-in-box product line, further streamlining the portfolio and enhancing focus on core businesses

BLOOMFIELD HILLS, Michigan, October 29, 2026 - TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2026.

TriMas reported third quarter 2026 net sales of $178.7 million, an increase of 7.7% compared to $166.0 million in third quarter 2025, driven by organic growth within TriMas Packaging and Specialty Products, as well as favorable foreign currency translation. Operating profit was $11.5 million in third quarter 2026, compared to an operating loss of $3.2 million in the prior year period. Adjusting for Special Items(1), third quarter 2026 adjusted operating profit increased 47.9% to $13.6 million from $9.2 million in the prior year period, reflecting the benefits of cost-reduction and organizational streamlining initiatives.

The Company reported third quarter 2026 income from continuing operations of $13.5 million, or $0.37 per diluted share, compared with a loss from continuing operations of $4.9 million, or $0.12 per diluted share, in third quarter 2025. Adjusting for Special Items(1), third quarter 2026 adjusted income(2) from continuing operations was $18.1 million, compared to $6.8 million in the prior year period. Third quarter 2026 adjusted diluted earnings per share(2) from continuing operations was $0.50, an increase of 194.1% compared to $0.17 in third quarter 2025, primarily reflecting interest income earned on the Company’s cash and cash equivalents, the benefits of cost reduction initiatives and a lower share count resulting from the Company's share repurchase activity.

“2026 has been a pivotal year for TriMas as we continue building a stronger, more focused company following the Aerospace divestiture,” said Thomas Snyder, President and Chief Executive Officer. “Throughout the year, we have taken significant actions to strengthen our leadership team, enhance organizational accountability, streamline our cost structure, advance operational excellence initiatives and better position our commercial organization to support future growth. While our third quarter results have not yet fully reflected the benefits of these actions, and continued to be impacted by the temporary throughput challenges at Norris Cylinder, we are encouraged by the progress underway and the foundation we are building for improved performance over time.”

"Our cost-reduction actions are contributing to year-over-year profit improvement, and we continue to advance operational and commercial initiatives designed to position TriMas for sustainable growth. Supported by a strong balance sheet and financial flexibility provided by the divestiture proceeds, we remain committed to a disciplined and balanced approach to capital allocation, as we execute our strategy to create long-term shareholder value and build a stronger TriMas for the future.”

Financial Position

During the third quarter of 2026, the Company returned capital to shareholders through the repurchase of 233,150 shares of its outstanding common stock for $9.3 million. Year to date through September 30, 2026, TriMas has repurchased 2,229,471 shares for $82.7 million, contributing to a 5.3% net reduction in shares outstanding compared to December 31, 2025. Since announcing the decision to divest TriMas Aerospace in November 2025, the Company has repurchased more than 5.4 million shares. As of September 30, 2026, approximately 35.6 million shares were outstanding, with $67.3 million remaining under the Company's share repurchase authorization. TriMas also returned capital to shareholders through its quarterly cash dividend of $0.04 per share.

The Company reported net cash used in operating activities of continuing operations of $66.7 million for third quarter 2026, compared to net cash provided by operating activities of $9.3 million in third quarter 2025. Free Cash Flow(3) totaled $20.9 million for third quarter 2026, compared to $4.0 million in third quarter 2025. Please see Appendix I for further details.

TriMas ended third quarter 2026 with $1,158.5 million of cash on hand, $1,372.8 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 1.7x as defined in the Company's credit agreement. As of September 30, 2026, the Company reported total debt of $397.1 million and Net Debt(4) of $(761.4) million, reflecting a substantial net cash position following the divestiture of TriMas Aerospace, which generated approximately $1.2 billion in net after-tax proceeds. The remaining proceeds are currently invested in interest‑bearing investments pending further redeployment.

Third Quarter Segment Results

The TriMas Packaging group reported third quarter net sales of $147.6 million, an increase of 8.8% compared to the third quarter of 2025. Net sales increased as a result of growth across all major end markets, including beauty and personal care, food and beverage, life sciences and industrial applications, as well as favorable foreign currency translation. Adjusted operating profit and margin improved year-over-year, reflecting the benefits of cost-reduction actions, operational improvement initiatives and raw material cost recovery. In October 2026, the Company signed an agreement to sell Rapak®, a provider of flexible bag-in-box packaging, dispensing and liquid filling solutions. The transaction is expected to close in November 2026 and further advances the Company's portfolio optimization strategy.

TriMas' Specialty Products group reported third quarter net sales of $31.2 million, an increase of 2.7% compared to third quarter 2025. Third quarter operating profit and margin declined year-over-year, as the benefits of higher sales volumes were more than offset by a lag in recovering increased raw material costs and continued temporary manufacturing inefficiencies, primarily related to machine downtime and labor ramp-up. The Company has strengthened operational leadership and is executing targeted operational initiatives to improve throughput, increase machine and labor productivity, and enhance overall cost efficiency.

Discontinued Operations

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

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

2026 Outlook

The Company has reaffirmed its adjusted diluted earnings per share(2) (EPS) outlook for full-year 2026 of $1.60 to $1.70. This outlook assumes approximately $10 million of interest income during the fourth quarter of 2026 and no significant changes in interest rates or the redeployment of cash proceeds for the remainder of the year. The Company now expects 4% to 6% year-over-year sales growth across its combined Packaging and Specialty Products businesses, a modest increase from its prior outlook of 3% to 6%. The Company also expects approximately 250 basis points of adjusted operating profit margin expansion year-over-year, reflecting the benefits of cost-reduction actions and organizational realignment initiatives, partially offset by the extended throughput challenges within Specialty Products.

The above outlook includes the impact of all announced acquisitions and divestitures as of October 29, 2026. The outlook provided assumes no significant impact related to input costs or end market demand associated with global conflicts or geopolitical actions. All of the above amounts considered as 2026 guidance are after adjusting for any current or future amounts that may be considered Special Items. The inability to predict the amount and timing of the impacts of these Special Items makes a detailed reconciliation of these forward-looking non-GAAP financial measures impracticable.(1)

Conference Call Information

TriMas will host its third quarter 2026 earnings conference call today, Thursday, October 29, 2026, at 10 a.m. ET. To participate via phone, please dial (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada), and ask to be connected to the TriMas third quarter 2026 earnings conference call. The conference call will also be simultaneously webcast via the TriMas website at www.trimas.com, under the "Investors" section, with an accompanying slide presentation. A replay of the conference call will be available on the TriMas 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 13763096, beginning October 29, 2026, at 3:00 p.m. ET through November 11, 2026, at 3:00 p.m. ET.

Notice Regarding Forward-Looking Statements

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

Non-GAAP Financial Measures

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

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

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

(1) Appendix I details certain costs, expenses and other amounts or charges, collectively described as "Special Items," that are included in the determination of net income, earnings per share and/or cash flows from operating activities under

GAAP, but that management believes should be separately considered when evaluating the quality of the Company’s core operating results, given they may not reflect the ongoing activities of the business.

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

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

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

About TriMas

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

Contact

Sherry Lauderback

VP, Investor Relations, Communications & Sustainability

(248) 631-5506

sherry.lauderback@trimas.com

TriMas Corporation

Condensed Consolidated Balance Sheet

(Dollars in thousands)

September 30,

2026 December 31,

2025

Assets (unaudited)

Current assets:

Cash and cash equivalents $ 1,158,540 $ 30,020

Receivables, net 150,200 111,270

Inventories 117,900 108,720

Prepaid expenses and other current assets 31,880 36,380

Current assets, discontinued operations — 176,280

Total current assets 1,458,520 462,670

Property and equipment, net 238,690 247,510

Operating lease right-of-use assets 34,740 31,800

Goodwill 295,730 300,280

Other intangibles, net 71,460 76,550

Deferred income taxes 6,200 53,670

Other assets 43,720 45,430

Non-current assets, discontinued operations — 267,170

Total assets $ 2,149,060 $ 1,485,080

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable $ 115,410 $ 72,280

Accrued liabilities 58,020 59,640

Lease liabilities, current portion 8,060 4,100

Current liabilities, discontinued operations — 47,650

Total current liabilities 181,490 183,670

Long-term debt, net 397,140 469,170

Lease liabilities 31,150 31,810

Deferred income taxes 30,050 17,710

Other long-term liabilities 57,700 65,840

Non-current liabilities, discontinued operations — 11,290

Total liabilities 697,530 779,490

Total shareholders' equity 1,451,530 705,590

Total liabilities and shareholders' equity $ 2,149,060 $ 1,485,080

TriMas Corporation

Consolidated Statement of Income

(Unaudited - dollars in thousands, except per share amounts)

Three months ended

September 30, Nine months ended

September 30,

2026 2025 2026 2025

Net sales $ 178,740 $ 166,020 $ 521,600 $ 490,230

Cost of sales (142,310) (131,550) (412,960) (384,980)

Gross profit 36,430 34,470 108,640 105,250

Selling, general and administrative expenses (24,820) (29,640) (79,310) (91,150)

Asbestos-related costs — (8,030) — (8,030)

Net gain (loss) on dispositions of assets (100) 20 (70) 5,290

Operating profit (loss) 11,510 (3,180) 29,260 11,360

Other expense, net:

Interest expense (4,140) (4,360) (13,500) (13,430)

Other income, net 9,920 1,080 22,140 1,310

Other income (expense), net 5,780 (3,280) 8,640 (12,120)

Income (loss) before income tax expense 17,290 (6,460) 37,900 (760)

Income tax (expense) benefit (3,830) 1,570 (8,930) 220

Income (loss) from continuing operations 13,460 (4,890) 28,970 (540)

Income from discontinued operations, net of tax 5,900 14,190 804,590 38,980

Net income $ 19,360 $ 9,300 $ 833,560 $ 38,440

Basic earnings (loss) per share:

Continuing operations $ 0.38 $ (0.12) $ 0.80 $ (0.01)

Discontinued operations 0.16 0.35 22.13 0.96

Net income per share $ 0.54 $ 0.23 $ 22.93 $ 0.95

Weighted average common shares—basic 35,759,542 40,650,933 36,354,394 40,634,527

Diluted earnings (loss) per share:

Continuing operations $ 0.37 $ (0.12) $ 0.79 $ (0.01)

Discontinued operations 0.16 0.35 21.90 0.96

Net income per share $ 0.53 $ 0.23 $ 22.69 $ 0.95

Weighted average common shares—diluted 36,063,656 40,650,933 36,738,157 40,634,527

TriMas Corporation

Consolidated Statement of Cash Flow

(Unaudited - dollars in thousands)

Nine months ended

September 30,

2026 2025

Cash Flows from Operating Activities:

Income (loss) from continuing operations $ 28,970 $ (540)

Income from discontinued operations 804,590 38,980

Net income 833,560 38,440

Adjustments to reconcile net income to net cash provided by (used for) operating activities, net of acquisition impact:

Net gain on dispositions of assets (1,040,140) (5,120)

Depreciation 27,160 29,770

Amortization of intangible assets 6,570 12,940

Amortization of debt issue costs 720 710

Deferred income taxes 4,840 4,140

Non-cash compensation expense 6,960 8,300

Provision for losses on accounts receivable 350 (930)

Change in asbestos liability estimate — 8,030

Increase in receivables (46,320) (18,280)

Increase in inventories (17,510) (8,390)

Decrease in prepaid expenses and other assets 12,520 8,250

Increase in accounts payable and accrued liabilities 85,920 3,340

Other operating activities 740 (5,270)

Net cash provided by (used for) operating activities, net of acquisition impact (124,630) 75,930

Cash Flows from Investing Activities:

Capital expenditures (20,160) (43,650)

Acquisition of business, net of cash acquired — (37,730)

Net proceeds from disposition of business, property and equipment 1,437,660 21,780

Net cash provided by (used for) investing activities 1,417,500 (59,600)

Cash Flows from Financing Activities:

Proceeds from borrowings on revolving credit facilities 233,000 169,300

Repayments of borrowings on revolving credit facilities (305,730) (164,770)

Debt financing fees — (1,260)

Payments to purchase common stock (82,730) (2,260)

Shares surrendered upon exercise and vesting of equity awards to cover taxes (4,490) (1,850)

Dividends paid (4,400) (4,950)

Other financing activities — 30

Net cash used for financing activities (164,350) (5,760)

Cash and Cash Equivalents:

Increase for the period 1,128,520 10,570

At beginning of period 30,020 23,070

At end of period $ 1,158,540 $ 33,640

Supplemental disclosure of cash flow information:

Cash paid for interest $ 10,180 $ 9,920

Cash paid for taxes $ 132,470 $ 11,290

Non-cash property additions $ 1,900 $ —

Appendix I

TriMas Corporation

Additional Information Regarding Special Items Impacting

Reported GAAP Financial Measures

Continuing Operations

(Unaudited - dollars in thousands)

Three months ended

September 30, Nine months ended

September 30,

2026 2025 2026 2025

Packaging

Net sales $ 147,590 $ 135,700 $ 429,680 $ 406,280

Operating profit $ 18,860 $ 16,290 $ 52,130 $ 53,520

Special Items to consider in evaluating operating profit:

Business restructuring and severance costs 1,500 1,900 7,090 2,920

Adjusted operating profit $ 20,360 $ 18,190 $ 59,220 $ 56,440

Specialty Products

Net sales $ 31,150 $ 30,320 $ 91,920 $ 83,950

Operating profit $ 80 $ 2,370 $ 3,630 $ 2,480

Special Items to consider in evaluating operating profit:

Business restructuring and severance costs — — — 1,240

Adjusted operating profit $ 80 $ 2,370 $ 3,630 $ 3,720

Corporate Expenses

Operating loss $ (7,430) $ (21,840) $ (26,500) $ (44,640)

Special Items to consider in evaluating operating loss:

Asbestos-related costs — 8,030 — 8,030

M&A diligence and transaction costs 150 60 1,080 390

System implementation costs 820 1,940 2,700 4,300

Business restructuring and severance costs (340) 550 1,100 7,500

Gain on sale of Arrow Engine — (80) — (5,380)

Adjusted operating loss $ (6,800) $ (11,340) $ (21,620) $ (29,800)

TriMas Continuing Operations

Net sales $ 178,740 $ 166,020 $ 521,600 $ 490,230

Operating profit (loss) $ 11,510 $ (3,180) $ 29,260 $ 11,360

Total Special Items to consider in evaluating operating profit 2,130 12,400 11,970 19,000

Adjusted operating profit $ 13,640 $ 9,220 $ 41,230 $ 30,360

Appendix I

TriMas Corporation

Additional Information Regarding Special Items Impacting

Reported GAAP Financial Measures

Continuing Operations

(Unaudited - dollars in thousands, except per share amounts)

Three months ended

September 30, Nine months ended

September 30,

2026 2025 2026 2025

Income (loss) from continuing operations, as reported $ 13,460 $ (4,890) $ 28,970 $ (540)

Special Items to consider in evaluating quality of income (loss) from continuing operations:

Asbestos-related costs — 8,030 — 8,030

Business restructuring and severance costs 1,160 2,450 8,190 11,660

M&A diligence and transaction costs 150 (960) 1,080 (630)

System implementation costs 820 1,940 2,700 4,300

Write-off of deferred financing fees — — — 100

Gain on sale of Arrow Engine — (80) — (5,380)

Amortization of acquisition-related intangible assets 1,260 1,710 3,880 4,980

Non-cash compensation expense 1,890 2,880 6,910 5,540

Income tax effect of net income adjustments(1)

(630) (4,270) (5,670) (7,260)

Adjusted income from continuing operations $ 18,110 $ 6,810 $ 46,060 $ 20,800

Three months ended

September 30, Nine months ended

September 30,

2026 2025 2026 2025

Diluted earnings (loss) per share from continuing operations, as reported $ 0.37 $ (0.12) $ 0.79 $ (0.01)

Special Items to consider in evaluating quality of EPS from continuing operations:

Asbestos-related costs — 0.20 — 0.20

Business restructuring and severance costs 0.03 0.06 0.22 0.28

M&A diligence and transaction costs 0.01 (0.02) 0.03 (0.02)

System implementation costs 0.02 0.05 0.07 0.11

Write-off of deferred financing fees — — — —

Gain on sale of Arrow Engine — — — (0.13)

Amortization of acquisition-related intangible assets 0.04 0.04 0.10 0.12

Non-cash compensation expense 0.05 0.07 0.19 0.14

Income tax effect of net income adjustments(1)

(0.02) (0.11) (0.15) (0.18)

Adjusted diluted EPS from continuing operations $ 0.50 $ 0.17 $ 1.25 $ 0.51

Weighted-average shares outstanding 36,063,656 41,113,322 36,738,157 41,004,160

(1) Income tax effect of net income adjustments is calculated on an item-by-item basis, utilizing the statutory income tax rate in the jurisdiction where the adjustments occurred. For the three and nine month periods ended September 30, 2026 and 2025, the income tax effect on the cumulative net income adjustments varied from the tax rate inherent in the Company's reported GAAP results, primarily as a result of certain discrete items that occurred during the period for GAAP reporting purposes.

Appendix I

TriMas Corporation

Additional Information Regarding Special Items Impacting

Reported GAAP Financial Measures

Continuing Operations

(Unaudited - dollars in thousands)

Three months ended September 30,

2026 2025

As reported Special Items As adjusted As reported Special Items As adjusted

Net cash provided by (used for) operating activities $ (66,730) $ 94,630 $ 27,900 $ 9,310 $ 3,560 $ 12,870

Less: Capital expenditures (7,040) — (7,040) (8,920) — (8,920)

Free Cash Flow $ (73,770) $ 94,630 $ 20,860 $ 390 $ 3,560 $ 3,950

Nine months ended September 30,

2026 2025

As reported Special Items As adjusted As reported Special Items As adjusted

Net cash provided by (used for) operating activities $ (124,300) $ 133,550 $ 9,250 $ 32,750 $ 11,360 $ 44,110

Less: Capital expenditures (17,350) — (17,350) (31,490) — (31,490)

Free Cash Flow $ (141,650) $ 133,550 $ (8,100) $ 1,260 $ 11,360 $ 12,620

September 30,

2026 December 31, 2025 September 30,

2025

Long-term debt, net $ 397,140 $ 469,170 $ 407,070

Less: Cash and cash equivalents 1,158,540 30,020 33,640

Net Debt $ (761,400) $ 439,150 $ 373,430

YOY Sales Growth %

Organic Divestitures Foreign Exchange Total

Q3 2026 vs. Q3 2025

Consolidated TriMas Corporation 7.2 % — % 0.5 % 7.7 %

Packaging 8.2 % — % 0.6 % 8.8 %

Specialty Products 2.7 % — % — % 2.7 %

YTD Q3 2026 vs. YTD Q3 2025

Consolidated TriMas Corporation 4.7 % (0.3) % 2.0 % 6.4 %

Packaging 3.4 % — % 2.4 % 5.8 %

Specialty Products 11.2 % (1.7) % — % 9.5 %

Appendix I

TriMas Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

Forecasted Diluted Earnings Per Share Guidance

Continuing Operations

(Unaudited - dollars per share)

Twelve months ended

December 31, 2026

Low High

Diluted earnings per share (GAAP) $ 1.06 $ 1.13

Pre-tax amortization of acquisition-related intangible assets(1)

0.14 0.14

Income tax benefit on amortization of acquisition-related intangible assets (0.04) (0.04)

Pre-tax non-cash compensation expense 0.25 0.28

Income tax benefit on non-cash compensation expense (0.06) (0.06)

Impact of Special Items(2)

0.25 0.25

Adjusted diluted earnings per share $ 1.60 $ 1.70

(1) These amounts relate to acquisitions completed as of October 29, 2026. The Company is unable to provide forward-looking estimates of future acquisitions, if any, that have not yet been consummated.

(2) The Company is unable to provide forward-looking estimates of Special Items without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items 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.

GRAPHIC

Filename: trimas_logoxpantone-workiva.jpg · Sequence: 6

Binary file (39032 bytes)

Download trimas_logoxpantone-workiva.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.3

Cover Cover

Oct. 29, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Oct. 29, 2026

Entity Registrant Name

TRIMAS CORPORATION

Entity Incorporation, State or Country Code

Entity File Number

001-10716

Entity Tax Identification Number

38-2687639

Entity Address, Address Line One

38505 Woodward Avenue,

Entity Address, Address Line Two

Suite 200,

Entity Address, City or Town

Bloomfield Hills,

Entity Address, State or Province

Entity Address, Postal Zip Code

48304

City Area Code

248

Local Phone Number

631-5450

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common stock, $0.01 par value

Trading Symbol

TRS

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Amendment Flag

false

Entity Central Index Key

0000842633

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration