TriMas Sales Up Slightly in 2Q - Modern Distribution Management

TriMas Sales Up Slightly in 2Q

During the quarter, TriMas completed the spinoff of its Cequent business into a new publicly traded company, Horizon Global Corp.

TriMas Corp. (Nasdaq: TRS), Bloomfield Hills, MI, a diversified global manufacturer of engineered and applied products, reported second-quarter sales from continuing operations of $224.9 million, a slight increase from the previous year. Profit was $1.7 million, compared to year-ago profit of $26.2 million.

For the six month period ended June 30, sales from continuing operations were $449 million, up 1.7 percent over the same period a year ago. Profit was $15.7 million, compared to $44.8 million a year ago.

During the second quarter, TriMas completed the spinoff of its Cequent business into Horizon Global Corp., a new, independent publicly traded company.

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