Attached files
| file | filename |
|---|---|
| 8-K - 8-K - TRIMAS CORP | trs_123117x8k.htm |
| EX-99.1 - EXHIBIT 99.1 - TRIMAS CORP | trs_123117xexhibit991.htm |
Exhibit 99.2
TriMas Corporation
Supplemental Business Segment Financial Information - Specialty Products
(Unaudited, dollars in thousands)
2017 quarterly periods ended | ||||||||||||||||||||
March 31 | June 30 | September 30 | December 31 | Year ended December 31, 2017 | ||||||||||||||||
Energy | ||||||||||||||||||||
Net sales | $ | 40,930 | $ | 43,490 | $ | 40,440 | $ | 36,720 | $ | 161,580 | ||||||||||
Operating profit (loss) | $ | (3,900 | ) | $ | 110 | $ | 1,240 | $ | (2,860 | ) | $ | (5,410 | ) | |||||||
Special Items(1) to consider in evaluating operating profit: | ||||||||||||||||||||
Business restructuring and severance costs | 6,440 | 3,890 | 470 | 3,950 | 14,750 | |||||||||||||||
Excluding Special Items, operating profit would have been | $ | 2,540 | $ | 4,000 | $ | 1,710 | $ | 1,090 | $ | 9,340 | ||||||||||
Engineered Components | ||||||||||||||||||||
Net sales | $ | 32,520 | $ | 33,560 | $ | 30,780 | $ | 30,420 | $ | 127,280 | ||||||||||
Operating profit | $ | 4,980 | $ | 4,710 | $ | 3,310 | $ | 2,740 | $ | 15,740 | ||||||||||
Special Items to consider in evaluating operating profit: | ||||||||||||||||||||
Business restructuring and severance costs | — | — | — | 600 | 600 | |||||||||||||||
Excluding Special Items, operating profit would have been | $ | 4,980 | $ | 4,710 | $ | 3,310 | $ | 3,340 | $ | 16,340 | ||||||||||
Specialty Products | ||||||||||||||||||||
Net sales | $ | 73,450 | $ | 77,050 | $ | 71,220 | $ | 67,140 | $ | 288,860 | ||||||||||
Operating profit | $ | 1,080 | $ | 4,820 | $ | 4,550 | $ | (120 | ) | $ | 10,330 | |||||||||
Special Items to consider in evaluating operating profit: | ||||||||||||||||||||
Business restructuring and severance costs | 6,440 | 3,890 | 470 | 4,550 | 15,350 | |||||||||||||||
Excluding Special Items, operating profit would have been | $ | 7,520 | $ | 8,710 | $ | 5,020 | $ | 4,430 | $ | 25,680 | ||||||||||
(1) Certain costs, expenses and other amounts or charges, collectively described as "Special Items," that are included in the determination of net income, earnings per share and/or cash flows from operating activities under GAAP, but that management believes should be separately considered when evaluating the quality of the Company’s core operating results, given they may not reflect the ongoing activities of the business. Management believes that presenting these non-GAAP financial measures, on an after Special Items basis, provides useful information to investors by helping them identify underlying trends in the Company’s businesses and facilitating comparisons of performance with prior and future periods. These non-GAAP financial measures should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP financial measures.
TriMas Corporation
Supplemental Business Segment Financial Information - Specialty Products
(Unaudited, dollars in thousands)
2016 quarterly periods ended | ||||||||||||||||||||
March 31 | June 30 | September 30 | December 31 | Year ended December 31, 2016 | ||||||||||||||||
Energy | ||||||||||||||||||||
Net sales | $ | 44,750 | $ | 39,950 | $ | 38,230 | $ | 36,060 | $ | 158,990 | ||||||||||
Operating loss | $ | (3,610 | ) | $ | (3,090 | ) | $ | (1,870 | ) | $ | (5,270 | ) | $ | (13,840 | ) | |||||
Special Items to consider in evaluating operating profit: | ||||||||||||||||||||
Business restructuring and severance costs | 4,700 | 4,890 | 3,640 | 6,230 | 19,460 | |||||||||||||||
Excluding Special Items, operating profit would have been | $ | 1,090 | $ | 1,800 | $ | 1,770 | $ | 960 | $ | 5,620 | ||||||||||
Engineered Components | ||||||||||||||||||||
Net sales | $ | 37,520 | $ | 31,170 | $ | 26,300 | $ | 23,780 | $ | 118,770 | ||||||||||
Operating profit | $ | 5,580 | $ | 3,860 | $ | 3,180 | $ | 2,680 | $ | 15,300 | ||||||||||
Special Items to consider in evaluating operating profit: | ||||||||||||||||||||
Business restructuring and severance costs | 150 | 20 | 230 | 130 | 530 | |||||||||||||||
Excluding Special Items, operating profit would have been | $ | 5,730 | $ | 3,880 | $ | 3,410 | $ | 2,810 | $ | 15,830 | ||||||||||
Specialty Products | ||||||||||||||||||||
Net sales | $ | 82,270 | $ | 71,120 | $ | 64,530 | $ | 59,840 | $ | 277,760 | ||||||||||
Operating profit (loss) | $ | 1,970 | $ | 770 | $ | 1,310 | $ | (2,590 | ) | $ | 1,460 | |||||||||
Special Items to consider in evaluating operating profit: | ||||||||||||||||||||
Business restructuring and severance costs | 4,850 | 4,910 | 3,870 | 6,360 | 19,990 | |||||||||||||||
Excluding Special Items, operating profit would have been | $ | 6,820 | $ | 5,680 | $ | 5,180 | $ | 3,770 | $ | 21,450 | ||||||||||
TriMas Corporation
Supplemental Business Segment Financial Information - Specialty Products
(Unaudited, dollars in thousands)
Year ended December 31, 2015 | ||||
Energy | ||||
Net sales | $ | 193,390 | ||
Operating loss | $ | (97,160 | ) | |
Special Items to consider in evaluating operating profit: | ||||
Business restructuring and severance costs | 23,140 | |||
Impairment of goodwill and indefinite-lived intangible assets | 72,500 | |||
Excluding Special Items, operating loss would have been | $ | (1,520 | ) | |
Engineered Components | ||||
Net sales | $ | 159,840 | ||
Operating profit | $ | 18,240 | ||
Special Items to consider in evaluating operating profit: | ||||
Business restructuring and severance costs | 280 | |||
Impairment of goodwill and indefinite-lived intangible assets | 3,180 | |||
Excluding Special Items, operating profit would have been | $ | 21,700 | ||
Specialty Products | ||||
Net sales | $ | 353,230 | ||
Operating loss | $ | (78,920 | ) | |
Special Items to consider in evaluating operating profit: | ||||
Business restructuring and severance costs | 23,420 | |||
Impairment of goodwill and indefinite-lived intangible assets | 75,680 | |||
Excluding Special Items, operating profit would have been | $ | 20,180 | ||