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TriMas Reports First Quarter 2021 Results | Digital Media Net


TriMas’ Packaging Group Posts Record First Quarter Sales and Operating Profit
BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–TriMas (NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2021.
TriMas Highlights
Increased first quarter net sales by 13.1%, driven by record first quarter sales in TriMas’ Packaging segment
Increased operating profit due to continued momentum in TriMas’ Packaging segment and margin expansion in the Specialty Products segment
Completed the successful refinancing of its capital structure, extending maturities on both its credit facility and senior notes, and locking in a historically low rate on its fixed rate debt
Announced Chief Financial Officer transition as part of succession planning ....

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