TriMas Corp. (TRS) financial statements: income statement, balance sheet and cash flow

TriMas Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), TriMas Corp. reported revenue of $645.7M (-30.2% year on year) and net income of $120.1M (+395.4% year on year).

Income statement

TriMas Corp. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$645.7M	$925.0M	$893.5M	$883.8M
Cost of sales	($507.6M)	($725.5M)	($692.2M)	($675.5M)
Gross profit	$138.2M	$199.5M	$201.3M	$208.3M
Selling, general and administrative expenses	($129.3M)	($153.0M)	($134.6M)	($131.2M)
Asbestos-related benefit (costs), net	$27.8M	—	—	—
Net gain (loss) on dispositions of assets	$4.7M	$1.0M	($180.0K)	$21.9M
Impairment of indefinite-lived intangible assets	$0	($230.0K)	($1.1M)	$0
Operating profit (loss)	$41.3M	$47.2M	$65.4M	$99.1M
Interest expense	($18.0M)	($19.6M)	($15.9M)	($14.1M)
Other income (expense), net	$990.0K	$2.4M	$1.1M	$2.7M
Other expense, net	($17.0M)	($17.1M)	($14.8M)	($11.4M)
Income (loss) before income taxes	$24.3M	$30.0M	$50.6M	$87.7M
Income tax benefit (expense)	$48.0M	($5.8M)	($10.2M)	($21.5M)
Income (loss) from continuing operations	$72.3M	—	—	—
Income from discontinued operations, net of income taxes	$47.8M	—	—	—
Net income (loss)	$120.1M	$24.3M	$40.4M	$66.2M
Continuing operations	$1.79	—	—	—
Discontinued operations	$1.18	—	—	—
Net income (loss) per share	$2.97	$0.60	$0.97	$1.57
Weighted average common shares—basic	40.4M	40.7M	41.4M	42.2M
Continuing operations	$1.78	—	—	—
Discontinued operations	$1.17	—	—	—
Net income (loss) per share	$2.95	$0.59	$0.97	$1.56
Weighted average common shares—diluted	40.8M	41.1M	41.7M	42.5M

TriMas Corp. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$174.6M	$168.3M	$269.3M	$274.8M
Cost of sales	($139.2M)	($131.4M)	($203.3M)	($205.0M)
Gross profit	$35.3M	$36.9M	$65.9M	$69.7M
Selling, general and administrative expenses	($24.5M)	($30.0M)	($41.1M)	($42.6M)
Net gain (loss) on dispositions of assets	$20.0K	$10.0K	($150.0K)	($20.0K)
Operating profit	$10.9M	$6.9M	$16.6M	$27.1M
Interest expense	($4.1M)	($5.2M)	($4.4M)	($4.5M)
Other income, net	$11.3M	$890.0K	($100.0K)	($230.0K)
Other income (expense), net	$7.2M	($4.3M)	($4.5M)	($4.8M)
Income before income tax expense	$18.1M	$2.5M	$12.1M	$22.4M
Income tax expense	$49.2M	($54.3M)	($2.8M)	($5.6M)
Income (loss) from continuing operations	$67.3M	($51.8M)	—	—
Income from discontinued operations, net of tax	($53.9M)	$852.6M	—	—
Net income	$13.4M	$800.8M	$9.3M	$16.7M
Continuing operations	$1.87	($1.38)	—	—
Discontinued operations	($1.5)	$22.78	—	—
Weighted average common shares—basic	35.9M	37.4M	40.7M	40.6M
Continuing operations	$1.86	($1.38)	—	—
Discontinued operations	($1.49)	$22.78	—	—
Net income per share	$0.37	$21.40	$0.23	$0.41
Weighted average common shares—diluted	36.2M	37.4M	41.1M	40.9M

Balance sheet

TriMas Corp. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$30.0M	$23.1M	$34.9M	$112.1M
Receivables, net	$111.3M	$164.8M	$148.0M	$132.4M
Inventories	$108.7M	$209.2M	$192.4M	$163.4M
Prepaid expenses and other current assets	$36.4M	$29.6M	$22.0M	$14.8M
Current assets, held for sale	$176.3M	—	—	—
Total current assets	$462.7M	$426.6M	$397.4M	$422.7M
Property and equipment, net	$247.5M	$318.6M	$330.0M	$277.8M
Operating lease right-of-use assets	$31.8M	$40.5M	$43.2M	$47.3M
Goodwill	$300.3M	$356.4M	$363.8M	$339.8M
Other intangibles, net	$76.5M	$161.1M	$181.0M	$188.1M
Deferred income taxes	$53.7M	$10.8M	$10.2M	$9.4M
Other assets	$45.4M	$10.2M	$16.1M	$20.0M
Non-current assets, held for sale	$267.2M	—	—	—
Total assets	$1.5B	$1.3B	$1.3B	$1.3B
Accounts payable	$72.3M	$91.0M	$91.9M	$85.2M
Accrued liabilities	$59.6M	$60.3M	$59.6M	$46.7M
Lease liabilities, current portion	$4.1M	$8.0M	$7.9M	—
Current liabilities, held for sale	$47.6M	—	—	—
Total current liabilities	$183.7M	$159.4M	$159.4M	$140.2M
Long-term debt, net	$469.2M	$398.1M	$395.7M	$394.7M
Lease liabilities	$31.8M	$36.7M	$39.7M	—
Deferred income taxes	$17.7M	$20.1M	$23.3M	$20.9M
Other long-term liabilities	$65.8M	$42.5M	$40.6M	$56.3M
Non-current liabilities, held for sale	$11.3M	—	—	—
Total liabilities	$779.5M	$656.9M	$658.7M	$653.2M
Preferred stock $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None	0	0	0	0
Common stock, $0.01 par: Authorized 400,000,000 shares; Issued and outstanding: 37,630,206 shares at December 31, 2025 and 40,574,847 shares at December 31, 2024	380.0K	410.0K	410.0K	420.0K
Paid-in capital	$577.8M	$663.8M	$677.7M	$696.2M
Retained earnings	$127.4M	$21.7M	$4.2M	($36.1M)
Accumulated other comprehensive income (loss)	($10.0K)	($18.6M)	$650.0K	($8.6M)
Total shareholders' equity	$705.6M	$667.3M	$683.0M	$651.8M
Total liabilities and shareholders' equity	$1.5B	$1.3B	$1.3B	$1.3B

TriMas Corp. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$1.2B	$1.3B	$33.6M	$30.3M
Receivables, net of reserves of $1.3 million as of June 30, 2026 and December 31, 2025	$153.6M	$128.6M	$192.1M	$203.8M
Inventories	$116.5M	$117.3M	$227.2M	$216.9M
Prepaid expenses and other current assets	$34.5M	$34.5M	$30.3M	$38.2M
Current assets, discontinued operations	$0	$0	—	—
Total current assets	$1.5B	$1.6B	$483.2M	$489.1M
Property and equipment, net	$240.8M	$243.5M	$340.5M	$337.3M
Operating lease right-of-use assets	$36.5M	$38.6M	$43.3M	$45.8M
Goodwill	$296.7M	$297.9M	$387.0M	$388.5M
Other intangibles, net	$73.0M	$74.5M	$158.3M	$163.1M
Deferred income taxes	$6.9M	$7.3M	$9.3M	$9.8M
Other assets	$44.7M	$45.3M	$12.2M	$11.9M
Non-current assets, discontinued operations	$0	$0	—	—
Total assets	$2.2B	$2.3B	$1.4B	$1.4B
Accounts payable	$223.4M	$267.2M	$90.3M	$102.7M
Accrued liabilities	$52.7M	$53.2M	$80.1M	$76.4M
Lease liabilities, current portion	$8.0M	$7.2M	$9.6M	$9.7M
Current liabilities, discontinued operations	$0	$0	—	—
Total current liabilities	$284.2M	$327.5M	$180.1M	$188.8M
Long-term debt, net	$396.9M	$396.6M	$407.1M	$424.5M
Lease liabilities	$32.9M	$35.5M	$38.2M	$40.6M
Deferred income taxes	$28.4M	$26.2M	$21.2M	$20.8M
Other long-term liabilities	$60.7M	$61.5M	$62.3M	$55.4M
Non-current liabilities, discontinued operations	$0	$0	—	—
Total liabilities	$803.0M	$847.3M	$708.8M	$730.1M
Preferred stock $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None	0	0	0	0
Common stock, $0.01 par: Authorized 400,000,000 shares; Issued and outstanding: 35,871,612 shares at June 30, 2026 and 37,630,206 shares at December 31, 2025	360.0K	360.0K	410.0K	410.0K
Paid-in capital	$527.0M	$532.5M	$668.0M	$664.8M
Retained earnings	$917.0M	$917.1M	$55.1M	$47.4M
Accumulated other comprehensive income (loss)	($1.8M)	($210.0K)	$1.5M	$2.6M
Total shareholders' equity	$1.4B	$1.4B	$725.0M	$715.3M
Total liabilities and shareholders' equity	$2.2B	$2.3B	$1.4B	$1.4B

Cash flow statement

TriMas Corp. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Income (loss) from continuing operations	$72.3M	—	—	—
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$47.8M	—	—	—
Net income (loss)	$120.1M	$24.3M	$40.4M	$66.2M
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$0	—	—	—
(Gain) loss on dispositions of assets	($4.5M)	($1.0M)	$180.0K	($21.9M)
Depreciation	$39.7M	$48.1M	$39.4M	$34.1M
Amortization of intangible assets	$17.3M	$16.8M	$18.2M	$19.1M
Amortization of debt issue costs	$950.0K	$960.0K	$930.0K	$910.0K
Deferred income taxes	($37.4M)	($3.2M)	($1.7M)	($1.4M)
Non-cash compensation expense	$11.5M	$7.0M	$9.7M	$9.8M
Provision for losses on accounts receivable	($1.3M)	($1.0M)	$2.5M	—
Asbestos-related (benefit) costs, net	($27.8M)	$5.5M	$0	$5.6M
Provision for environmental liabilities	$6.5M	$3.3M	—	—
(Increase) decrease in receivables	$1.8M	($20.5M)	($5.5M)	($6.7M)
Increase in inventories	($4.3M)	($21.2M)	($7.1M)	($7.0M)
Increase (Decrease) in Prepaid Expense and Other Assets	$4.0M	($2.3M)	$4.8M	$6.1M
Increase (decrease) in accounts payable and accrued liabilities	($2.4M)	$560.0K	($14.5M)	($29.1M)
Other operating activities	($7.0M)	$6.3M	($80.0K)	($3.2M)
Net cash provided by operating activities	$117.5M	$63.8M	$88.2M	$72.6M
Capital expenditures	($48.4M)	($51.0M)	($54.2M)	($46.0M)
Acquisition of businesses, net of cash acquired	($37.7M)	$0	($77.3M)	($64.1M)
Cross-currency swap terminations	$0	($3.8M)	($3.4M)	$26.2M
Settlement of foreign currency exchange forward contract	$0	$3.8M	—	—
Net proceeds from dispositions businesses, property and equipment	$22.0M	$4.0M	$480.0K	$28.8M
Net cash used for investing activities	($64.0M)	($47.0M)	($134.4M)	($55.0M)
Proceeds from borrowings on revolving credit facilities	$356.3M	$308.9M	$118.0M	$12.0M
Repayments of borrowings on revolving credit facilities	($289.9M)	($307.6M)	($117.4M)	($12.0M)
Debt financing fees and senior notes redemption premium	($1.3M)	—	$0	$0
Payments to purchase common stock	($103.3M)	($19.3M)	($18.8M)	($36.9M)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	-2.0M	-1.8M	-2.7M	-2.4M
Dividends paid	($6.6M)	($6.6M)	($6.7M)	($6.9M)
Other financing activities	$290.0K	($2.3M)	($3.3M)	—
Net cash provided by (used for) financing activities	($46.5M)	($28.6M)	($30.9M)	($46.2M)
Increase (decrease) for the year	$7.0M	($11.8M)	($77.2M)	($28.6M)
At beginning of year	$23.1M	$34.9M	$112.1M	$140.7M
At end of year	$30.0M	$23.1M	$34.9M	$112.1M
Cash paid for interest	$18.8M	$18.7M	$14.3M	$13.0M
Cash paid for income taxes	$10.6M	$11.9M	$16.8M	$20.1M
Non-cash property additions	$5.2M	—	—	—

TriMas Corp. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Income (loss) from continuing operations	$15.5M	($51.8M)	—	—
Income from discontinued operations, net of tax	$798.7M	$852.6M	—	—
Net income	$814.2M	$800.8M	$38.4M	$29.1M
Net gain on dispositions of assets	($1.0B)	($1.0B)	($5.1M)	($5.3M)
Depreciation	$19.2M	$10.4M	$29.8M	$19.6M
Amortization of intangible assets	$5.3M	$4.1M	$12.9M	$8.5M
Amortization of debt issue costs	$480.0K	$240.0K	$710.0K	$480.0K
Deferred income taxes	$2.8M	$53.8M	$4.1M	$3.3M
Non-cash compensation expense	$5.4M	$3.1M	$8.3M	$5.0M
Provision for losses on accounts receivable	($50.0K)	($70.0K)	($930.0K)	($1.1M)
Increase in receivables	($48.7M)	($23.0M)	($18.3M)	($29.7M)
(Increase) decrease in inventories	($15.5M)	($16.6M)	($8.4M)	$1.3M
(Increase) decrease in prepaid expenses and other assets	$7.4M	$4.6M	$8.3M	($1.4M)
Increase in accounts payable and accrued liabilities	$191.2M	$182.8M	$3.3M	$14.5M
Other operating activities	$510.0K	$460.0K	($5.3M)	($4.9M)
Net cash provided by (used for) operating activities, net of acquisition impact	($57.9M)	($19.4M)	$75.9M	$39.4M
Capital expenditures	($13.1M)	($5.2M)	($43.6M)	($30.0M)
Acquisition of businesses, net of cash acquired	$0	$0	($37.7M)	($37.2M)
Net proceeds from disposition of business, property and equipment	$1.4B	$1.4B	$21.8M	$21.2M
Net cash provided by (used for) investing activities	$1.4B	$1.4B	($59.6M)	($46.0M)
Proceeds from borrowings on revolving credit facilities	$233.0M	$233.0M	$169.3M	$140.9M
Repayments of borrowings on revolving credit facilities	($305.7M)	($305.7M)	($164.8M)	($118.8M)
Debt financing fees	$0	$0	($1.3M)	($1.3M)
Payments to purchase common stock	($73.5M)	($54.5M)	($2.3M)	($2.3M)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	-4.4M	-3.5M	-1.9M	-1.8M
Dividends paid	($3.0M)	($1.5M)	($5.0M)	($3.3M)
Other financing activities	$130.0K	($130.0K)	$30.0K	$160.0K
Net cash provided by (used for) financing activities	($153.4M)	($132.3M)	($5.8M)	$13.7M
Increase for the period	$1.2B	$1.3B	$10.6M	$7.2M
At beginning of period	$30.0M	$30.0M	$23.1M	$23.1M
At end of period	$1.2B	$1.3B	$33.6M	$30.3M
Cash paid for interest	$10.0M	$1.5M	$9.9M	$9.5M
Cash paid for taxes	$33.9M	$230.0K	$11.3M	$9.2M
Non-cash property additions	$1.8M	$3.3M	—	—

TriMas Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.