Segment Information

3 Months Ended

Mar. 31, 2019

TriMas reports three segments: Packaging, Aerospace, and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by TriMas' president and chief executive officer (chief operating decision maker) in determining resource, personnel and capital allocation, as well as assessing strategy and performance. The Company utilizes its proprietary TriMas Business Model as a standardized set of processes to manage and drive results and strategy across its multi-industry businesses.

Within the Company's reportable segments, there are no individual products or product families for which reported net sales accounted for more than 10% of the Company's consolidated net sales. See below for more information regarding the types of products and services provided within each reportable segment:

Packaging – The Packaging segment, which consists primarily of the Rieke^® brand, develops and manufactures specialty dispensing and closure products for the health, beauty and home care, food and beverage, and industrial markets.

Aerospace – The Aerospace segment, which includes the Monogram Aerospace Fasteners^™, Allfast Fastening Systems^® and Mac Fasteners^™ brands, develops, qualifies and manufactures highly-engineered, precision fasteners to serve the aerospace market.

Specialty Products – The Specialty Products segment, which includes the Norris Cylinder^™, Lamons^®, Arrow^® Engine and Martinic Engineering^™brands, designs, manufactures and distributes highly-engineered steel cylinders, sealing and fastener products, wellhead engines and compression systems and machined products for use within the industrial, petrochemical, oil and gas exploration and refining and aerospace markets.

Segment activity is as follows (dollars in thousands):



	Three months ended March 31,
	2019			2018
Net Sales
Packaging	$	88,840		$	88,200
Aerospace	38,330			37,790
Specialty Products	94,120			91,110
Total	$	221,290		$	217,100
Operating Profit (Loss)
Packaging	$	17,640		$	19,580
Aerospace	5,740			4,590
Specialty Products	10,860			10,140
Corporate^(a)	(8,390		)	900
Total	$	25,850		$	35,210

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^(a)	During the first quarter of 2018, the Company removed an obligation from its balance sheet, resulting in an approximate $8.2 million non-cash reduction in selling, general and administrative expenses. See Note 11, "Commitments and Contingencies," for further details.