8-K

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UNITED STATES	OMB Number: 3235-0060 Expires: March 31, 2006 Estimated average burden hours per response. . 28.0
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)             April 30, 2007

TRIMAS CORPORATION
(Exact name of registrant as specified in its charter)

Delaware	333-100351	38-2687639
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
39400 Woodward Avenue, Suite 130, Bloomfield Hills, Michigan		48304
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code     (248) 631-5400

Not Applicable(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02  Results of Operations and Financial Condition.

Trimas Corporation (the "Company") issued a press release and held a teleconference on April 30, 2007, reporting its financial results for the first quarter ending March 31, 2007. A copy of the press release and teleconference visual presentation are attached hereto as exhibits and are incorporated herein by reference. The press release and teleconference visual presentation are also available on the Company’s website at www.trimascorp.com.

Item 9.01  Financial Statements and Exhibits.

(c)Exhibits. The following exhibits are filed herewith:

Exhibit No.	Description
99.1	Press Release
99.2	The Company’s visual presentation titled “First Quarter 2007 Earnings Call”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		TRIMAS CORPORATION
Date:	April 30, 2007	By:	/s/ Grant H. Beard
		Name:		Grant H. Beard
		Title:		Chief Executive Officer

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EX-99.1

Exhibit 99.1 For more information, contact: E.R. “Skip” Autry Chief Financial Officer TriMas Corporation (248) 631-5496

MEDIA RELEASE

TRIMAS CORPORATION REPORTS FIRST QUARTER RESULTS

BLOOMFIELD HILLS, MICH. — April 30, 2007 — TriMas Corporation today announced financial results for the quarter ended March 31, 2007.  On a continuing operations basis, TriMas reported record sales of $286.7 million, Adjusted EBITDA of $42.0 million, operating profit of $33.3 million and income of $8.4 million or $.40 per share on a fully diluted basis; compared to 2006 first quarter sales of $273.0 million, Adjusted EBITDA of $37.8 million, operating profit of $28.7 million and income of $4.9 million or $.24 per share on a fully diluted basis.

First Quarter Highlights

TriMas’ President and Chief Executive Officer, Grant Beard, stated, “We are very pleased to report record quarterly sales and yet another quarter of improved profit performance on a year-over-year basis.  Sales increased 5%, 4% and 19% in our Packaging Systems, Energy Products and Industrial Specialties segments, respectively.  Operating profit increased in all segments except RV & Trailer Products, with Recreational Accessories up 24% and Industrial Specialties up 46% leading the way.  Compared to the prior year’s first quarter, earnings per share increased 67% and we continued to reduce debt levels.  Against a backdrop of low end market demand in our Recreational Accessories and RV & Trailer Products’ businesses, we are very proud of these accomplishments.  Additionally, we completed the sale of our industrial fastener business and no longer have any business units classified as discontinued operations.”

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First Quarter Financial Summary

	For the Quarter Ended March 31
(unaudited - in thousands, except per share amounts)	2007			2006			% Change
Sales	$	286,690		$	273,030		5.0	%
Operating profit	33,340			28,660			16.3	%
Income from continuing operations	8,390			4,940			69.8	%
Loss from discontinued operations, net of tax benefit	(1,340		)	(1,340		)	—
Net income	$	7,050		$	3,600		95.8	%
Earnings (loss) per share - basic
- Continuing operations	$	0.40		$	0.25		60.0	%
- Discontinued operations	(0.06		)	(0.07		)	14.3	%
- Net income	$	0.34		$	0.18		88.9	%
Earnings (loss) per share - diluted
- Continuing operations	$	0.40		$	0.24		66.7	%
- Discontinued operations	(0.06		)	(0.07		)	14.3	%
- Net income	$	0.34		$	0.17		100.0	%
Other Data - Continuing Operations:
- Depreciation and amortization	$	9,840		$	9,930		(0.9	)%
- Interest expense	$	18,860		$	19,920		(5.3	)%
- Other expense, net	$	1,160		$	780		48.7	%
- Income tax expense	$	4,930		$	3,020		63.2	%
- Adjusted EBITDA	$	42,020		$	37,800		11.2	%

Segment Results — Continuing Operations

Packaging Systems - Sales increased 5.2% as a result of further market penetration of new products.  Operating profit increased in line with revenue growth.

Energy Products - Sales increased 4.1% due to continued sales growth in our refinery and petrochemical business, offset by a decline in sales of engine and repair parts as a result of reduced oil and gas drilling activity in Canada.  Operating profit improved due to increased sales of specialty gaskets and a more profitable sales mix.

Industrial Specialties - Overall, sales increased 18.9% due to strong market demand and continued market and product expansion in our aerospace fastener, industrial cylinder and defense businesses.  Operating profit increased at a significantly higher rate as a result of increasing sales of higher margin products and improved operational leverage.

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Segment Results — Continuing Operations (continued)

RV & Trailer Products - Sales declined as a result of continued soft end market demand offset in part by market share gains.  Operating profit declined due to lower sales and launch costs associated with a new manufacturing facility in Thailand.

Recreational Accessories - Sales increased as a result of capturing new business offset in part by continued weak end-market demand.  Operating profit improved compared to the prior year’s first quarter as a result of realizing the full benefit of sourcing initiatives and other cost reduction activities implemented throughout 2006.

Financial Position

TriMas ended the quarter with total debt of $723.5 million and funding under our receivables securitization of $44.4 million for a total of $767.9 million.  Total debt and receivables securitization decreased by $11.0 million when compared to the year ago period.  TriMas ended the quarter with cash of $3.9 million and $88.9 million of availability under our existing credit facilities.

Conference Call

TriMas will broadcast its first quarter earnings conference call on Monday, April 30, 2007 at  2:00 p.m. EDT.  President and Chief Executive Officer Grant Beard and Chief Financial Officer E.R. “Skip” Autry will discuss the Company’s recent financial performance and respond to questions from the investment community.  The visual presentation that will accompany the call will be available on the Company’s website at www.trimascorp.com.

To participate by phone, please dial: (866) 814-1933.   Callers should ask to be connected to the TriMas first quarter conference call (reservation number 1080509).  If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning April 30th at 5:00 p.m. EDT through May 7th at 11:59 p.m. EDT.  To access the replay, please dial: (866) 837-8032 and use reservation number 1080509.

Cautionary Notice Regarding Forward-Looking Statements

This release contains “forward-looking” statements, as that term is defined by the federal securities laws, about our financial condition, results of operations and business.  Forward-looking statements include: certain anticipated, believed, planned, forecasted, expected, targeted and estimated results along with TriMas’ outlook concerning future results.  When used in this release, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts,” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements.  All forward-looking statements, including without limitation, management’s examination of historical operating trends and data, are based upon our current expectations and various assumptions.  Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for these views.  However, there can be no assurance that management’s expectations, beliefs and projections will be achieved.  These forward-looking statements are subject to numerous assumptions, risks and uncertainties and accordingly, actual results may differ materially from those expressed or implied by the forward-looking statements.  We caution readers not to place undue reliance on the statements, which speak to conditions only as of the date of this release.  The cautionary statements set forth above should be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.  We do not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.  Risks and uncertainties that could cause actual results to vary materially from those anticipated in the forward-looking statements included in this release include general economic conditions in the markets in which we operate and industry-based factors such as: technological developments that could competitively disadvantage us, increases in our raw material, energy, and healthcare costs, our dependence on key individuals and relationships, exposure to product liability, recall and warranty claims, compliance with environmental and other regulations, and competition within our industries.  In addition, factors more specific to us could cause actual results to vary materially from those anticipated in the forward-looking statements included in this release such as our substantial leverage, limitations imposed by our debt instruments, our ability to successfully pursue our stated growth strategies and opportunities, as well as our ability to identify attractive and other strategic acquisition opportunities and to successfully integrate acquired businesses and complete actions we have identified as providing cost-saving opportunities.

About TriMas

Headquartered in Bloomfield Hills, Mich., TriMas is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide.  TriMas is organized into five strategic business groups: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products, and Recreational Accessories.  TriMas has nearly 5,000 employees at 80 different facilities in 10 countries.  For more information, visit www.trimascorp.com.

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TriMas Corporation
Consolidated Balance Sheet
(Unaudited — dollars in thousands)

	March 31,			December 31,
	2007			2006
Assets
Current assets:
Cash and cash equivalents	$	3,900		$	3,600
Receivables, net	122,700			99,240
Inventories , net	170,240			165,360
Deferred income taxes	24,300			24,310
Prepaid expenses and other current assets	6,940			7,320
Assets of discontinued operations held for sale	—			11,770
Total current assets	328,080			311,600
Property and equipment, net	166,890			165,200
Goodwill	529,130			529,730
Other intangibles, net	236,580			240,120
Other assets	40,440			39,410
Total assets	$	1,301,120		$	1,286,060
Liabilities and Shareholders’ Equity
Current liabilities
Current maturities, long-term debt	$	8,230		$	9,700
Accounts payable	131,770			100,070
Accrued liabilities	84,690			71,970
Liabilities of discontinued operations	—			23,530
Total current liabilities	224,690			205,270
Long-term debt	715,290			724,790
Deferred income taxes	89,250			89,940
Other long-term liabilities	32,540			33,280
Total liabilities	1,061,770			1,053,280
Preferred stock, $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None	—			—
Common stock, $0.01 par: Authorized 400,000,000 shares; Issued and outstanding: 20,759,500 shares	210			210
Paid-in capital	399,140			399,070
Accumulated deficit	(208,290		)	(215,220		)
Accumulated other comprehensive income	48,290			48,720
Total shareholders’ equity	239,350			232,780
Total liabilities and shareholders’ equity	$	1,301,120		$	1,286,060

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TriMas Corporation
Consolidated Statement of Operations
(Unaudited — dollars in thousands, except for share amounts)\

	Three Months Ended March 31,
	2007			2006
Net sales	$	286,690		$	273,030
Cost of sales	(207,400		)	(199,690		)
Gross profit	79,290			73,340
Selling, general and administrative expenses	(45,780		)	(44,500		)
Loss on dispositions of property and equipment	(170		)	(180		)
Operating profit	33,340			28,660
Other expense, net:
Interest expense	(18,860		)	(19,920		)
Other, net	(1,160		)	(780		)
Other expense, net	(20,020		)	(20,700		)
Income from continuing operations before income taxes	13,320			7,960
Income tax expense	(4,930		)	(3,020		)
Income from continuing operations	8,390			4,940
Loss from discontinued operations, net of income taxes	(1,340		)	(1,340		)
Net income	$	7,050		$	3,600
Earnings (loss) per share - basic:
Continuing operations	$	0.40		$	0.25
Discontinued operations, net of income taxes	(0.06		)	(0.07		)
Net income per share	$	0.34		$	0.18
Weighted average common shares - basic	20,759,500			20,010,000
Earnings (loss) per share - diluted:
Continuing operations	$	0.40		$	0.24
Discontinued operations, net of income taxes	(0.06		)	(0.07		)
Net income per share	$	0.34		$	0.17
Weighted average common shares - diluted	20,759,500			20,760,000

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TriMas Corporation
Consolidated Statement of Cash Flows
(Unaudited — dollars in thousands)

	Three months ended March 31,
	2007			2006
Cash Flows from Operating Activities:
Net income	$	7,050		$	3,600
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on dispositions of property and equipment	380			100
Depreciation	5,930			5,910
Amortization of intangible assets	3,910			4,020
Amortization of debt issue costs	730			1,360
Deferred income taxes	660			(240		)
Non-cash compensation expense	70			420
Net proceeds from sale of receivables and receivables securitization	28,750			25,120
Increase in receivables	(51,930		)	(29,630		)
Increase in inventories	(5,700		)	(14,490		)
Decrease in prepaid expenses and other assets	1,910			200
Increase in accounts payable and accrued liabilities	35,910			14,320
Other, net	(730		)	320
Net cash provided by operating activities	26,940			11,010
Cash Flows from Investing Activities:
Capital expenditures	(19,480		)	(5,290		)
Net proceeds from disposition of businesses and other assets	4,000			640
Net cash used for investing activities	(15,480		)	(4,650		)
Cash Flows from Financing Activities:
Repayment of term loan facilities	(860		)	(700		)
Proceeds from borrowings on revolving credit facilities	144,150			167,710
Repayments of borrowings on revolving credit facilities	(154,450		)	(175,390		)
Net cash used for financing activities	(11,160		)	(8,380		)
Cash and Cash Equivalents:
Increase (decrease) for the period	300			(2,020		)
At beginning of period	3,600			3,730
At end of period	$	3,900		$	1,710
Supplemental disclosure of cash flow information:
Cash paid for interest	$	6,630		$	5,280
Cash paid for taxes	$	2,260		$	4,930

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TriMas Corporation

Company and Business Segment Financial Information

	Three Months Ended
	March 31,
(unaudited - dollars in thousands)	2007			2006
Packaging Systems
Net sales	$	53,750		$	51,100
Operating profit	$	9,000		$	8,190
Operating profit as a % of sales	16.7		%	16.0		%
Energy Products
Net sales	$	41,580		$	39,950
Operating profit	$	6,410		$	5,920
Operating profit as a % of sales	15.4		%	14.8		%
Industrial Specialties Group
Net sales	$	52,840		$	44,440
Operating profit	$	12,270		$	8,410
Operating profit as a % of sales	23.2		%	18.9		%
RV & Trailer Products
Net sales	$	53,410		$	55,860
Operating profit	$	6,460		$	8,260
Operating profit as a % of sales	12.1		%	14.8		%
Recreational Accessories
Net sales	$	85,110		$	81,680
Operating profit	$	5,140		$	4,140
Operating profit as a % of sales	6.0		%	5.1		%
Total Company - Continuing Operations
Net sales	$	286,690		$	273,030
Operating profit	$	33,340		$	28,660
Operating profit as a % of sales	11.6		%	10.5		%
Corporate expenses and management fee	$	5,940		$	6,260
Other Data - Continuing Operations:
- Depreciation and amortization	$	9,840		$	9,930
- Interest expense	$	18,860		$	19,920
- Other expense, net	$	1,160		$	780
- Income tax expense	$	4,930		$	3,020

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TriMas Corporation

Reconciliation of Non-GAAP Measure Adjusted EBITDA (1)

	Three Months Ended March 31,
	2007		2006
	(dollars in thousands)
Net income	$	7,050	$	3,600
Income tax expense	4,980		2,170
Interest expense	18,860		19,920
Depreciation and amortization	9,840		9,930
Adjusted EBITDA, total company	40,730		35,620
Negative Adjusted EBITDA, discontinued operations	1,290		2,180
Adjusted EBITDA, continuing operations	$	42,020	$	37,800

(1) The Company has established Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) as an indicator of our operating performance and as a measure of our cash generating capabilities. The Company defines “Adjusted EBITDA” as net income (loss) before cumulative effect of accounting change, interest, taxes, depreciation, amortization, non-cash asset and goodwill impairment charges and write-offs, non-cash losses on sale-leaseback of property and equipment, and write-off of equity offering costs.

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EX-99.2

Exhibit 99.2

First Quarter 2007 Earnings Call April 27, 2007 INNOVATION • INDUSTRY • GROWTH

This document contains “forward-looking” statements, as that term is defined by the federal securities laws, about our financial condition, results of operations and business. Forward-looking statements include certain anticipated, believed, planned, forecasted, expected, targeted and estimated results along with TriMas’ outlook concerning future results. The words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts,” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, management’s examination of historical operating trends and data are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved. These forward-looking statements are subject to numerous assumptions, risks and uncertainties and accordingly, actual results may differ materially from those expressed or implied by the forward-looking statements. We caution readers not to place undue reliance on the statements, which speak only as of the date of this document. The cautionary statements set forth above should be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. We do not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Risks and uncertainties that could cause actual results to vary materially from those anticipated in the forward-looking statements included in this document include general economic conditions in the markets in which we operate and industry-based factors such as: technological developments that could competitively disadvantage us, increases in our raw material, energy, and healthcare costs, our dependence on key individuals and relationships, exposure to product liability, recall and warranty claims, work stoppages at our facilities, or our customers or suppliers, risks associated with international markets, protection of or liability associated with our intellectual property, lower cost foreign manufacturers, compliance with environmental and other regulations, and competition within our industries. In addition, factors more specific to us could cause actual results to vary materially from those anticipated in the forward-looking statements included in this document such as our substantial leverage, limitations imposed by our debt instruments, our ability to successfully pursue our stated growth strategies and opportunities, including our ability to identify attractive and other strategic acquisition opportunities and to successfully integrate acquired businesses and complete actions we have identified as providing cost-saving opportunities. Safe Harbor Statement

2007 First Quarter Summary Increased sales and operating earnings in 4 of 5 segments Record sales levels in the quarter Adjusted EBITDA margin improved to14.7% from 13.8% Earnings per share increased 67% The increase in operating cash flow enabled further debt pay down ($ in thousands, except per share amounts) (from continuing operations, except for operating cash flow) 2007 2006 Variance Net sales 286,690 $ 273,030 $ 5.0% Operating Profit 33,340 $ 28,660 $ 16.3% Adjusted EBITDA 42,020 $ 37,800 $ 11.2% EPS (fully-diluted) 0.40 $ 0.24 $ 66.7% Gross Margin 27.7% 26.9% 3.0% Operating Cash Flow 26,940 $ 11,010 $ 144.7% Three Months Ended March 31

First Quarter 2007 Operating Highlights INNOVATION • INDUSTRY • GROWTH

Packaging Systems Sales increase due to improved market penetration and introduction of new products Improvements in Adjusted EBITDA and operating profit in line with sales growth Expect sales in our closure business to exceed GDP due to continued new product penetration Laminates business will be heavily influenced by construction markets Net Sales Adjusted EBITDA Q1-07 Q1-06 Operating Profit $51.1 $53.8 ($ in millions) Q1-07 Q1-06 $11.7 $12.3 Q1-07 Q1-06 $8.2 $9.0 +5.2% +4.7% +9.9%

Energy Products Sales of engine and well-site repair parts declined slightly between years due to lower levels of Canadian drilling activity Continued strong sales of gaskets to refinery and petrochemical industries due to product expansion and continued high levels of capacity utilization Expect engine business to benefit from additional new well-site product introductions Expect continued strong end-market demand in the refining and petrochemical industries Q1-07 Q1-06 $40.0 $41.6 Q1-07 Q1-06 $6.5 $7.1 Q1-07 Q1-06 $5.9 $6.4 +4.1% +8.6% +8.3% ($ in millions) Net Sales Adjusted EBITDA Operating Profit

Industrial Specialties Increased sales of aerospace products due to strong demand and continued market and product expansion Demand for industrial cylinders and shell casings remains strong Focus within group is to increase presence in medical and aerospace Demand expected to continue at or above GDP levels Q1-07 Q1-06 $44.4 $52.8 Q1-07 Q1-06 $9.8 $13.3 Q1-07 Q1-06 $8.4 $12.3 +18.9% +35.1% +45.9% ($ in millions) Net Sales Adjusted EBITDA Operating Profit

RV & Trailer Products Sales decline due to continued weak end-market demand in North America Declines in Adjusted EBITDA and operating profit due to sales decline and launch costs associated with Australia’s new manufacturing facility in Thailand Growth initiatives in Southeast Asia are on plan Weak end-market demand in North America expected to continue for the foreseeable future Sourcing initiatives expected to continue Q1-07 Q1-06 $55.9 $53.4 Q1-07 Q1-06 $10.1 $8.5 Q1-07 Q1-06 $8.3 $6.5 -4.4% -15.6% -21.8% ($ in millions) Net Sales Adjusted EBITDA Operating Profit

Recreational Accessories New business gained in retail segment more than offset the impact of soft end market demand Improved profitability compared to the prior year due to the full benefit of sourcing initiatives and other cost reduction activities implemented throughout 2006. Weak end-market demand in the installer and distributor market groups expected to continue for the foreseeable future Q1-07 Q1-06 $81.7 $85.1 Q1-07 Q1-06 $6.9 $7.7 Q1-07 Q1-06 $4.1 $5.1 +4.2% +12.7% +24.2% ($ in millions) Net Sales Adjusted EBITDA Operating Profit

2007 First Quarter Results (1) The Company has established Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") as an indicator of our operating performance and as a measure of our cash generating capabilities. The Company defines “Adjusted EBITDA” as net income before interest, taxes, depreciation, amortization, non-cash asset and goodwill impairment write-offs, and non-cash losses on sale-leaseback of property and equipment. (dollars in thousands) 2007 2006 Variance Net Sales Packaging Systems. 53,750 $ 51,100 $ 5.2% Energy Products 41,580 39,950 4.1% Industrial Specialties 52,840 44,440 18.9% RV & Trailer Products 53,410 55,860 -4.4% Recreational Accessories 85,110 81,680 4.2% Total. 286,690 $ 273,030 $ 5.0% Operating Profit Packaging Systems. 9,000 $ 8,190 $ 9.9% Energy Products 6,410 5,920 8.3% Industrial Specialties 12,270 8,410 45.9% RV & Trailer Products 6,460 8,260 -21.8% Recreational Accessories 5,140 4,140 24.2% Corporate expenses and management fees. (5,940) (6,260) -5.1% Total. 33,340 $ 28,660 $ 16.3% % Margin 11.6% 10.5% 10.5% Adjusted EBITDA Packaging Systems. 12,290 $ 11,740 $ 4.7% Energy Products 7,100 6,540 8.6% Industrial Specialties 13,250 9,810 35.1% RV & Trailer Products 8,520 10,090 -15.6% Recreational Accessories 7,740 6,870 12.7% Segment Adjusted EBITDA 48,900 45,050 8.5% % Margin 17.1% 16.5% 3.6% Corporate expenses, management fees and other. (6,880) (7,250) -5.1% Adjusted EBITDA from continuing operations. 42,020 $ 37,800 $ 11.2% % Margin. 14.7% 13.8% 6.5% Three Months Ended March 31,

TriMas Capitalization At March 31, 2007, TriMas had $3.9 million in cash and approximately $88.9 million of available liquidity under its existing credit facilities. ($ in thousands) March 31, 2007 March 31, 2006 December 31, 2006 Cash and Cash Equivalents 3,900 $ 1,710 $ 3,600 $ Working Capital Revolver 5,640 $ 2,000 $ 14,710 $ Term Loan B 258,700 255,610 259,350 Other Debt 22,600 25,320 23,890 286,940 282,930 297,950 9.875% Senior Sub Notes due 2012 436,580 436,410 436,540 723,520 $ 719,340 $ 734,490 $ 239,350 $ 353,790 $ 232,780 $ 962,870 $ 1,073,130 $ 967,270 $ Memo: A/R Securitization 44,420 $ 59,570 $ 19,560 $ 767,940 $ 778,910 $ 754,050 $ Key Ratios: Bank LTM EBITDA. 151,660 $ 144,570 $ 147,760 $ Coverage Ratio 1.94x 1.89x 1.87x Leverage Ratio 5.06x 5.39x 5.10x Total Debt + A/R Securitization Total Capitalization Total Shareholders' Equity Total Debt Subtotal, Senior Secured Debt

2007 Focus and Priorities Restructuring / Integration efforts done Organic growth focus has led to investments in sales and engineering staffing Product extensions Geographic market expansions Bundling opportunities S-1 registration statement process continues In a “quiet” period – Can’t comment further IPO Status

Summary Record Sales for the Quarter Improved Margins Total Debt Reduction, including A/R Securitization, of $11.0 Million vs. Q1 2006 Focus is Disciplined Growth with Debt Reduction

Q & A INNOVATION • INDUSTRY • GROWTH

Appendix INNOVATION • INDUSTRY • GROWTH

Balance Sheet At March 31, 2007, TriMas had $3.9 million of cash and approximately $88.9 million of available liquidity under its revolving credit agreement. (Unaudited - $ in thousands) March 31, December 31, 2007 2006 Current assets: Cash and cash equivalents 3,900 $ 3,600 $ Receivables, net . 122,700 99,240 Inventories, net 170,240 165,360 Deferred income taxes 24,300 24,310 Prepaid expenses and other current assets 6,940 7,320 Assets of discontinued operations held for sale . - 11,770 Total current assets 328,080 311,600 Property and equipment, net 166,890 165,200 Goodwill 529,130 529,730 Other intangibles, net. 236,580 240,120 Other assets 40,440 39,410 Total assets 1,301,120 $ 1,286,060 $ Current liabilities: Current maturities, long-term debt 8,230 $ 9,700 $ Accounts payable 131,770 100,070 Accrued liabilities 84,690 71,970 Liabilities of discontinued operations - 23,530 Total current liabilities 224,690 205,270 Long-term debt 715,290 724,790 Deferred income taxes 89,250 89,940 Other long-term liabilities 32,540 33,280 Total liabilities 1,061,770 1,053,280 Preferred stock, $0.01 par: Authorized 100,000,000 shares; - - Common stock, $0.01 par: Authorized 400,000,000 shares; Issued and outstanding: 20,759,500 shares 210 210 Paid-in capital . 399,140 399,070 Accumulated deficit 208,290 (215,220) Accumulated other comprehensive income 48,290 48,720 Total shareholders' equity 239,350 232,780 Total liabilities and shareholders' equity. 1,301,120 $ 1,286,060 $ Assets Liabilities and Shareholders' Equity Issued and outstanding: None.

Statement of Operations For the Three Months Ended March 31, (Unaudited - $ in thousands) 2007 2006 Net sales 286,690 $ 273,030 $ Cost of sales. (207,400) (199,690) Gross profit. 79,290 73,340 Selling, general and administrative expenses (45,780) (44,500) Loss on dispositions of property and equipment (170) (180) Operating profit 33,340 28,660 Other expense, net: Interest expense (18,860) (19,920) Other, net (1,160) (780) Other expense, net (20,020) (20,700) Income from continuing operations before income tax expense. 13,320 7,960 Income tax expense (4,930) (3,020) Income from continuing operations 8,390 $ 4,940 $ 

Statement of Operations (cont’d) For the Three Months Ended March 31, (Unaudited - In thousands, except for per share amounts) 2007 2006 Income from continuing operations 8,390 $ 4,940 $ Loss from discontinued operations, net of income taxes. (1,340) (1,340) Net income 7,050 $ 3,600 $ Earnings (loss) per share - basic: Continuing operations 0.40 $ 0.25 $ Discontinued operations, net of income taxes (0.06) $ (0.07) Net income per share 0.34 $ 0.18 $ Weighted average common shares - basic 20,759,500 20,010,000 Earnings (loss) per share - diluted: Continuing operations 0.40 $ 0.24 $ Discontinued operations, net of income taxes (0.06) $ (0.07) Net income per share 0.34 $ 0.17 $ Weighted average common shares - diluted 20,759,500 20,760,000

Cash Flow Highlights For the Three Months Ended March 31, (Unaudited - $ in thousands) 2007 2006 Cash provided by operating activities 26,940 $ 11,010 $ (19,480) (5,290) 4,000 640 Cash used for investing activities (15,480) (4,650) (860) (700) 144,150 167,710 (154,450) (175,390) Cash used for financing activities (11,160) (8,380) Net increase (decrease) in cash and cash equivalents 300 $ (2,020) $ Repayments of borrowings on revolving credit facilities Proceeds from borrowings on revolving credit facilities Repayments of term loan facilities Net proceeds from disposition of businesses and other assets Capital expenditures

Reconciliation of Non-GAAP Measure Adjusted EBITDA (1) The Company defines Adjusted EBITDA as net income (loss) before cumulative effect of accounting change, interest, taxes, depreciation, amortization, non-cash asset and goodwill impairment charges and write-offs, non-cash losses on sale-leaseback of property and equipment and write-off of equity offering costs. Lease expense and non-recurring charges are included in Adjusted EBITDA and include both cash and non-cash charges related to restructuring and integration expenses. In evaluating our business, management considers and uses Adjusted EBITDA as a key indicator of financial operating performance and as a measure of cash generating capability. Management believes this measure is useful as an analytical indicator of leverage capacity and debt servicing ability, and uses it to measure financial performance as well as for planning purposes. However, Adjusted EBITDA should not be considered as an alternative to net income, cash flow from operating activities or any other measures calculated in accordance with U.S. GAAP, or as an indicator of operating performance. The definition of Adjusted EBITDA used here may differ from that used by other companies. (1) For the Three Months Ended March 31, (Unaudited - $ in thousands) 2007 2006 Net income 7,050 $ 3,600 $ Income tax expense. 4,980 2,170 Interest expense. 18,860 19,920 Depreciation and amortization. 9,840 9,930 Adjusted EBITDA, total company 40,730 35,620 Negative Adjusted EBITDA, discontinued operations. 1,290 2,180 Adjusted EBITDA, continuing operations 42,020 $ 37,800 $ . .

Key Covenant Calculations (Unaudited - $ in thousands) x x x x Leverage Ratio Total Indebtedness at March 31, 2007 (1) 767,940 $ LTM EBITDA, as defined (2) 151,660 $ Leverage Ratio - Actual 5.06 Leverage Ratio - Covenant 5.65 Coverage Ratio LTM EBITDA, as defined (2) 151,660 $ Cash Interest Expense (2) 78,360 $ Coverage Ratio - Actual 1.94 Coverage Ratio - Covenant. 1.70 Notes: (1) As defined in our Amended and Restated Credit Agreement. (2) LTM EBITDA and Cash Interest Expense, as defined. .

LTM EBITDA as Defined in Credit Agreement (Unaudited - $ in thousands) Reported net loss for the twelve months ended March 31, 2007 (125,460) $ Interest expense, net (as defined) 78,000 Income tax expense (benefit) (3,710) Depreciation and amortization . 38,650 Extraordinary non-cash charges 132,260 Heartland monitoring fee 4,000 Interest equivalent costs 4,470 Non-recurring expenses in connection with acquisition integration 680 Other non-cash expenses or losses 2,350 Non-recurring expenses or costs for cost savings projects 810 Debt extinguishment costs 8,610 Non-cash expenses related to equity grants. 1,000 Discontinued operations 10,000 Bank EBITDA - LTM Ended March 31, 2007 (1) 151,660 $ (1) As defined in the Amended and Restated Credit Agreement dated August 2, 2006.