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Segment Information (Notes)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company defines its segments consistent with how internally reported financial information is regularly reviewed by TriMas' President and Chief Executive Officer (chief operating decision maker) to analyze financial performance, make decisions, and allocate resources. TriMas reports its operations in two segments: Packaging and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by the chief operating decision maker. The chief operating decision maker uses segment operating profit when assessing segment performance, determining resource and capital allocation and developing overall strategic direction of the Company. The chief operating decision maker analyzes segment operating profit on a monthly basis by comparing actual results to forecasted and budgeted expectations to assess performance.
See below for more information regarding the types of products and services provided within each reportable segment:
Packaging – TriMas' Packaging business develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion, hand soap and sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (such as food lids, flip-top closures, child resistant caps, beverage closures, fragrance and cosmetic caps, drum and pail closures, and flexible spouts), polymeric jar products, fully integrated dispensers for fill-ready bag-in-box applications, and consumable vascular delivery and diagnostic test components. These products serve a variety of consumer products submarkets including, but not limited to, beauty and personal care, food and beverage, home care, and life sciences (such as pharmaceutical, nutraceutical and medical), as well as industrial markets (including agricultural).
Specialty Products – TriMas' Specialty Products segment, which includes the Norris Cylinder business, designs, manufactures and distributes highly-engineered steel cylinders for use within industrial and aerospace markets. On January 31, 2025, the Company completed the divestiture of its Arrow Engine business within its Specialty Products segment. The Arrow Engine business manufactured and distributed natural gas-fired engines for remote power generation applications and compression systems for use within the North American industrial oil and gas markets.
Corporate consists of the corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate assets consist primarily of cash and cash equivalents, unallocated deferred tax assets and prepaid assets. Corporate expenses and assets reconcile reportable segment information to the consolidated totals.
Segment activity is as follows (dollars in thousands):
 PackagingSpecialty ProductsTotal
Three Months Ended March 31, 2026
Net sales$139,170 $29,110 $168,280 
Cost of sales(106,510)(24,900)
Selling, general and administrative expenses(18,100)(1,370)
Other segment items (a)
(10)20 
Segment operating profit$14,550 $2,860 $17,410 
Corporate (b)
(10,520)
Interest expense(5,240)
Other income (expense), net890 
Income before income tax expense$2,540 
Three Months Ended March 31, 2025
Net sales$127,570 $24,890 $152,460 
Cost of sales(96,110)(23,520)
Selling, general and administrative expenses(14,210)(2,520)
Other segment items (a)
(10)— 
Segment operating profit (loss)$17,240 $(1,150)$16,090 
Corporate (c)
(8,940)
Interest expense(4,520)
Other income (expense), net(40)
Income before income tax expense$2,590 
__________________________
(a) Other segment items for each reportable segment includes net gain (loss) on dispositions of assets.
(b) Includes $1.4 million of realignment and severance costs and $1.2 million of system implementation costs.
(c) Includes $5.3 million gain on the sale of Arrow Engine, $4.7 million of realignment, severance and consulting costs, $0.9 million of system implementation costs and $0.3 million of mergers, acquisition, diligence and transaction costs.
Three months ended
March 31,
20262025
Capital expenditures
Packaging$3,760 $7,980 
Specialty Products1,430 1,060 
Corporate490 1,410 
Total$5,680 $10,450 
Depreciation and amortization
Packaging$8,790 $8,330 
Specialty Products730 820 
Corporate110 80 
Total$9,630 $9,230 

March 31, 2026December 31, 2025
Total Assets
Packaging$861,290 $855,080 
Specialty Products86,950 73,890 
Corporate(a)
1,348,890 112,660 
Total$2,297,130 $1,041,630 
(a) Corporate total assets as of March 31, 2026, includes $1,282.3 million of cash, primarily due to proceeds received on the sale of the Company's Aerospace segment and a $34.3 million asbestos-related insurance recovery asset. Corporate total assets as of December 31, 2025, includes a $53.9 million deferred tax asset as a result of the planned divestiture of Aerospace and a $34.7 million asbestos-related insurance recovery asset.