TriMas (TRS) - 2020 Q3 - Earnings Call Presentation

Financial Performance - TriMas reported LTM Sales of $7527 million, Adjusted EBITDA of $1541 million, or 205% of sales, and Segment Adjusted EBITDA of $1739 million, or 231% of sales as of 9/30/20[8] - Q3 2020 net sales increased to $1995 million from $1884 million in Q3 2019[17] - Q3 2020 operating profit increased 203% to $296 million[18] - Q3 2020 Adjusted EBITDA increased to $416 million, with the related margin increasing 100 bps[18] - YTD net sales increased 53% to $5818 million[23] - YTD Adjusted EBITDA increased by approximately $75 million[23] - Q3 2020 Free Cash Flow was $416 million, compared to $193 million in Q3 2019[27] Segment Results - TriMas Packaging net sales in Q3 2020 increased to $1351 million from $1055 million in Q3 2019[32] - TriMas Aerospace net sales decreased to $391 million in Q3 2020 from $506 million in Q3 2019[35] - TriMas Specialty Products net sales decreased to $252 million in Q3 2020 from $324 million in Q3 2019[39] Outlook - The company anticipates consolidated TriMas sales between $752 million and $767 million, representing a 4% to 6% change vs FY 2019[43] - The company expects TriMas Packaging Group sales between $475 million and $483 million, representing a 21% to 23% change vs FY 2019[44] - The company anticipates TriMas Aerospace Group sales between $165 million and $171 million, representing a -15% to -12% change vs FY 2019[45] - The company expects Specialty Products Group sales between $110 million and $114 million, representing a -20% to -17% change vs FY 2019[45] - The company projects diluted EPS between $145 and $150 and Free Cash Flow greater than $90 million[45]