TRS

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TRIMAS REPORTS THIRD QUARTER 2026 RESULTS

•Third quarter net sales increased 7.7% year-over-year, driven by organic growth

•Third quarter operating profit increased to $11.5 million, while adjusted operating profit increased 47.9% to $13.6 million

•Third quarter diluted EPS increased to $0.37; adjusted diluted EPS increased to $0.50

•Ended the quarter with $1.16 billion of cash and cash equivalents

•Signed agreement to sell flexible bag-in-box product line, further streamlining the portfolio and enhancing focus on core businesses

BLOOMFIELD HILLS, Michigan, October 29, 2026 - TriMas (NASDAQ: TRS) today announced financial results for the third quarter ended September 30, 2026.

TriMas reported third quarter 2026 net sales of $178.7 million, an increase of 7.7% compared to $166.0 million in third quarter 2025, driven by organic growth within TriMas Packaging and Specialty Products, as well as favorable foreign currency translation. Operating profit was $11.5 million in third quarter 2026, compared to an operating loss of $3.2 million in the prior year period. Adjusting for Special Items(1), third quarter 2026 adjusted operating profit increased 47.9% to $13.6 million from $9.2 million in the prior year period, reflecting the benefits of cost-reduction and organizational streamlining initiatives.

The Company reported third quarter 2026 income from continuing operations of $13.5 million, or $0.37 per diluted share, compared with a loss from continuing operations of $4.9 million, or $0.12 per diluted share, in third quarter 2025. Adjusting for Special Items(1), third quarter 2026 adjusted income(2) from continuing operations was $18.1 million, compared to $6.8 million in the prior year period. Third quarter 2026 adjusted diluted earnings per share(2) from continuing operations was $0.50, an increase of 194.1% compared to $0.17 in third quarter 2025, primarily reflecting interest income earned on the Company’s cash and cash equivalents, the benefits of cost reduction initiatives and a lower share count resulting from the Company's share repurchase activity.

“2026 has been a pivotal year for TriMas as we continue building a stronger, more focused company following the Aerospace divestiture,” said Thomas Snyder, President and Chief Executive Officer. “Throughout the year, we have taken significant actions to strengthen our leadership team, enhance organizational accountability, streamline our cost structure, advance operational excellence initiatives and better position our commercial organization to support future growth. While our third quarter results have not yet fully reflected the benefits of these actions, and continued to be impacted by the temporary throughput challenges at Norris Cylinder, we are encouraged by the progress underway and the foundation we are building for improved performance over time.”

"Our cost-reduction actions are contributing to year-over-year profit improvement, and we continue to advance operational and commercial initiatives designed to position TriMas for sustainable growth. Supported by a strong balance sheet and financial flexibility provided by the divestiture proceeds, we remain committed to a disciplined and balanced approach to capital allocation, as we execute our strategy to create long-term shareholder value and build a stronger TriMas for the future.”

Financial Position

During the third quarter of 2026, the Company returned capital to shareholders through the repurchase of 233,150 shares of its outstanding common stock for $9.3 million. Year to date through September 30, 2026, TriMas has repurchased 2,229,471 shares for $82.7 million, contributing to a 5.3% net reduction in shares outstanding compared to December 31, 2025. Since announcing the decision to divest TriMas Aerospace in November 2025, the Company has repurchased more than 5.4 million shares. As of September 30, 2026, approximately 35.6 million shares were outstanding, with $67.3 million remaining under the Company's share repurchase authorization. TriMas also returned capital to shareholders through its quarterly cash dividend of $0.04 per share.

The Company reported net cash used in operating activities of continuing operations of $66.7 million for third quarter 2026, compared to net cash provided by operating activities of $9.3 million in third quarter 2025. Free Cash Flow(3) totaled $20.9 million for third quarter 2026, compared to $4.0 million in third quarter 2025. Please see Appendix I for further details.

1

TriMas ended third quarter 2026 with $1,158.5 million of cash on hand, $1,372.8 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 1.7x as defined in the Company's credit agreement. As of September 30, 2026, the Company reported total debt of $397.1 million and Net Debt(4) of $(761.4) million, reflecting a substantial net cash position following the divestiture of Tr

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TRIMAS REPORTS SECOND QUARTER 2026 RESULTS

Raises Low End and Midpoint of Full Year 2026 EPS Outlook

•Second quarter operating profit increased to $10.9 million, while adjusted operating profit increased 29.1% to $14.9 million

•Second quarter diluted EPS increased to $1.86, with adjusted diluted EPS of $0.52

•Repurchased more than 5 million shares of common stock since November 2025

•Ended the quarter with $1.24 billion of cash and cash equivalents

BLOOMFIELD HILLS, Michigan, July 30, 2026 - TriMas (NASDAQ: TRS) today announced financial results for the second quarter ended June 30, 2026.

TriMas reported second quarter 2026 net sales of $174.6 million, a 1.6% increase compared to $171.8 million in second quarter 2025, driven by organic growth within Specialty Products and the benefit of favorable foreign currency exchange. Operating profit increased to $10.9 million in second quarter 2026, compared to $7.4 million in second quarter 2025. Adjusting for Special Items(1), second quarter 2026 adjusted operating profit was $14.9 million, a 29.1% increase compared to $11.5 million in the prior year period, reflecting the successful execution of cost-reduction and streamlining initiatives.

The Company reported second quarter 2026 income from continuing operations of $67.3 million, or $1.86 per diluted share, compared with $2.4 million, or $0.06 per diluted share, in second quarter 2025. Adjusting for Special Items(1), second quarter 2026 adjusted income(2) from continuing operations was $19.0 million, more than double the prior year period of $8.1 million. Second quarter 2026 adjusted diluted earnings per share(2) from continuing operations was $0.52, an increase of 160.0% compared to $0.20 in second quarter 2025, primarily reflecting interest income earned on the Company’s cash and cash equivalents, cost reductions, improved operating performance and the benefit of a lower share count resulting from the Company's share repurchase activity.

“Our second quarter results reflect continued progress against the priorities we established at the beginning of 2026,” said Thomas Snyder, TriMas President and Chief Executive Officer. “We delivered improved profitability and operating margin despite a dynamic market environment, driven by the successful execution of our cost-reduction actions and certain operational improvement initiatives. During the quarter, we also strengthened our leadership team, and enhanced organizational alignment and accountability through our strategic planning process, while advancing customer engagement and operational excellence initiatives."

"As we move through the second half of the year, we expect the run-rate benefits of our cost reduction and operational excellence initiatives to continue building, supporting further performance improvement. At the same time, we remain focused on disciplined capital deployment, having repurchased more than five million shares since announcing the Aerospace divestiture, while preserving the flexibility to invest in organic growth initiatives and strategically aligned, high-quality acquisition opportunities that elevate our Packaging and Life Sciences platforms. We believe the actions we have taken to simplify and strengthen TriMas have positioned us well to continue delivering improved results and long-term shareholder value.”

Financial Position

During the second quarter of 2026, the Company returned capital to shareholders through the repurchase of 509,264 shares of its outstanding common stock for $18.9 million. Year to date through June 30, 2026, the Company repurchased 1,996,321 shares for $73.5 million, contributing to a 4.7% net reduction in outstanding shares compared to December 31, 2025. Since announcing the decision to divest TriMas Aerospace in November 2025, the Company has repurchased more than five million shares. As of June 30, 2026, approximately 35.9 million shares were outstanding and $76.5 million remained available under the Company's share repurchase authorization. TriMas also declared and paid a quarterly cash dividend of $0.04 per share.

The Company reported net cash used in operating activities of continuing operations of $38.5 million for second quarter 2026, compared to net cash provided by operating activities of $16.5 million in second quarter 2025. As a result, the Company reported a Free Cash Flow(3) use of $12.9 million for second quarter 2026, compared to Free Cash Flow(3) of $7.7 million in second quarter 2025, primarily due to the timing of sales and collections in the quarter. Please see Appendix I for further details.

1

TriMas ended second quarter 2026 with $1,242.5 million of cash on hand, $1,446.1 million of cash and available borrowing capacity under its revolving credit facility, and a net leverage ratio of 1.8x as defined in the Company's credit agreement. As of June 30, 2026, the Company reported total debt of $396.9 million and Net Debt(4) of $(8

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