EX-99.2 3 segmentreclassificationex992.htm EXHIBIT 99.2 Exhibit


Exhibit 99.2
TriMas Corporation
Supplemental Business Segment Financial Information - Segment Reclassification
(Unaudited, dollars in thousands)
 
 
2018 quarterly periods ended
 
 
 
 
March 31
 
June 30
 
September 30
 
December 31
 
Year ended December 31, 2018
Aerospace
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
45,810

 
$
45,620

 
$
49,070

 
$
45,420

 
$
185,920

Operating profit
 
$
5,080

 
$
7,310

 
$
8,290

 
$
6,610

 
$
27,290

Special Items(1) to consider in evaluating operating profit:
 
 
 
 
 
 
 
 
 
 
Business restructuring and severance costs
 
—

 
—

 
—

 
250

 
250

Adjusted operating profit
 
$
5,080

 
$
7,310

 
$
8,290

 
$
6,860

 
$
27,540

 
 
 
 
 
 
 
 
 
 
 
Specialty Products
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
83,090

 
$
84,200

 
$
79,460

 
$
76,270

 
$
323,020

Operating profit
 
$
9,650

 
$
9,240

 
$
7,720

 
$
7,650

 
$
34,260

Special Items to consider in evaluating operating profit:
 
 
 
 
 
 
 
 
 
 
Business restructuring and severance costs
 
1,030

 
580

 
270

 
30

 
1,910

Adjusted operating profit
 
$
10,680

 
$
9,820

 
$
7,990

 
$
7,680

 
$
36,170

 
 
 
 
 
 
 
 
 
 
 
Aerospace - Recast
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
37,790

 
$
39,100

 
$
40,890

 
$
38,600

 
$
156,380

Operating profit
 
$
4,590

 
$
6,450

 
$
7,680

 
$
6,190

 
$
24,910

Special Items to consider in evaluating operating profit:
 
 
 
 
 
 
 
 
 
 
Business restructuring and severance costs
 
—

 
—

 
—

 
250

 
250

Adjusted operating profit
 
$
4,590

 
$
6,450

 
$
7,680

 
$
6,440

 
$
25,160

 
 
 
 
 
 
 
 
 
 
 
Specialty Products - Recast
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
91,110

 
$
90,720

 
$
87,640

 
$
83,090

 
$
352,560

Operating profit
 
$
10,140

 
$
10,100

 
$
8,330

 
$
8,070

 
$
36,640

Special Items to consider in evaluating operating profit:
 
 
 
 
 
 
 
 
 
 
Business restructuring and severance costs
 
1,030

 
580

 
270

 
30

 
1,910

Adjusted operating profit
 
$
11,170

 
$
10,680

 
$
8,600

 
$
8,100

 
$
38,550

(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, adjusted to remove the impact of Special Items, 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 - Segment Reclassification
(Unaudited, dollars in thousands)
 
 
2017 quarterly periods ended
 
 
 
 
March 31
 
June 30
 
September 30
 
December 31
 
Year ended December 31, 2017
Aerospace
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
45,420

 
$
47,580

 
$
48,550

 
$
42,760

 
$
184,310

Operating profit
 
$
5,060

 
$
6,990

 
$
7,810

 
$
6,550

 
$
26,410

 
 
 
 
 
 
 
 
 
 
 
Specialty Products
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
73,450

 
$
77,050

 
$
71,220

 
$
67,140

 
$
288,860

Operating profit
 
$
1,510

 
$
5,260

 
$
5,000

 
$
510

 
$
12,280

Special Items to consider in evaluating operating profit:
 
 
 
 
 
 
 
 
 
 
Business restructuring and severance costs
 
6,440

 
3,890

 
470

 
4,550

 
15,350

Adjusted operating profit
 
$
7,950

 
$
9,150

 
$
5,470

 
$
5,060

 
$
27,630

 
 
 
 
 
 
 
 
 
 
 
Aerospace - Recast
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
38,440

 
$
39,880

 
$
40,230

 
$
35,500

 
$
154,050

Operating profit
 
$
5,510

 
$
6,410

 
$
7,470

 
$
5,570

 
$
24,960

 
 
 
 
 
 
 
 
 
 
 
Specialty Products - Recast
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
80,430

 
$
84,750

 
$
79,540

 
$
74,400

 
$
319,120

Operating profit
 
$
1,060

 
$
5,840

 
$
5,340

 
$
1,490

 
$
13,730

Special Items to consider in evaluating operating profit:
 
 
 
 
 
 
 
 
 
 
Business restructuring and severance costs
 
6,440

 
3,890

 
470

 
4,550

 
15,350

Adjusted operating profit
 
$
7,500

 
$
9,730

 
$
5,810

 
$
6,040

 
$
29,080





TriMas Corporation
Supplemental Business Segment Financial Information - Segment Reclassification
(Unaudited, dollars in thousands)
 
 
 
 
 
Year ended December 31, 2016
Aerospace
 
 
Net sales
 
$
174,920

Operating loss
 
$
(90,540
)
Special Items to consider in evaluating operating profit:
 
 
Business restructuring and severance costs
 
9,700

Impairment of goodwill and indefinite-lived intangible assets
 
98,900

Adjusted operating profit
 
$
18,060

 
 
 
Specialty Products
 
 
Net sales
 
$
277,760

Operating profit
 
$
2,900

Special Items to consider in evaluating operating profit:
 
 
Business restructuring and severance costs
 
19,990

Adjusted operating profit
 
$
22,890

 
 
 
Aerospace - Recast
 
 
Net sales
 
$
148,980

Operating loss
 
$
(89,020
)
Special Items to consider in evaluating operating profit:
 
 
Business restructuring and severance costs
 
9,190

Impairment of goodwill and indefinite-lived intangible assets
 
98,900

Adjusted operating profit
 
$
19,070

 
 
 
Specialty Products - Recast
 
 
Net sales
 
$
303,700

Operating profit
 
$
1,380

Special Items to consider in evaluating operating profit:
 
 
Business restructuring and severance costs
 
20,500

Adjusted operating profit
 
$
21,880