Segment Information

9 Months Ended

Sep. 30, 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 September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Net Sales
Packaging	$	105,480		$	95,250		$	298,310		$	278,540
Aerospace	43,140			40,890			123,710			117,780
Specialty Products	88,210			87,640			275,470			269,470
Total	$	236,830		$	223,780		$	697,490		$	665,790
Operating Profit (Loss)
Packaging	$	19,740		$	22,060		$	60,020		$	64,450
Aerospace	8,230			7,680			20,980			18,720
Specialty Products	8,400			8,330			29,430			28,570
Corporate^(a)	(7,680		)	(8,190		)	(24,780		)	(15,130		)
Total	$	28,690		$	29,880		$	85,650		$	96,610

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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 12, "Commitments and Contingencies," for further details.