TriMas (TRS) investor relations material

Executive summary

• Achieved solid execution in Q2 2026, with profitability and earnings growth driven by cost-reduction initiatives, operational excellence, and the divestiture of the Aerospace segment, which generated $1.04 billion pre-tax gain and $1.2 billion net after-tax proceeds.

• Leadership team strengthened with key hires and strategic planning frameworks, enhancing commercial alignment and customer engagement across business pillars.

• Integration of legacy packaging brands under a unified identity and ongoing One TriMas initiative improved efficiency and customer focus.

• Over 5 million shares repurchased since November 2025, reducing outstanding shares to 35.9 million as of June 30, 2026.

• Realignment actions, including the closure of the Atkins, Arkansas facility, incurred $2.1 million in Q2 2026 and are expected to yield significant cost savings.

Financial highlights

• Q2 2026 net sales rose 1.6% year-over-year to $174.6 million, with Specialty Products driving growth and Packaging flat; adjusted operating profit up 29% to $14.9 million.

• Adjusted EPS grew to $0.52 from $0.20 in the prior year, driven by operating improvements, higher interest income, and share repurchases.

• First half 2026 net sales up 5.8% to $342.9 million; operating profit up over 30%; adjusted EPS more than doubled to $0.75.

• Ended Q2 with $1.24 billion in cash and a net cash position of $846 million.

• Free cash flow was a use of $12.9 million in Q2 2026, compared to a source of $7.7 million in the prior year, due to timing of sales and collections.

Outlook and guidance

• Full-year 2026 sales growth expected at 3%-6%, with adjusted operating profit margin improvement of over 300 bps versus 2025.

• Raised lower end of full-year adjusted EPS guidance to $1.60-$1.70 (from $1.50-$1.70), reflecting cost reduction progress and stronger interest income.

• Expects $9–$10 million of interest income per quarter for the remainder of 2026; effective tax rate forecasted at 27%–29%.

• Realignment actions expected to generate over $10.5 million in savings in 2026 and $16 million annualized.

• Guidance includes all announced acquisitions and divestitures as of July 30, 2026.