TriMas (US:TRS)2025-04-29 18:07Financial Performance - Net sales increased by 64% from $2271 million in Q1 2024 to $2417 million in Q1 2025[9] - Adjusted Earnings Per Share (EPS) increased by 243% from $037 in Q1 2024 to $046 in Q1 2025[9] - Adjusted EBITDA increased by 135% from $350 million in Q1 2024 to $397 million in Q1 2025[9] - Aerospace segment sales increased by 325% year-over-year[26] Segment Results - Packaging segment net sales increased by 04% to $1276 million in Q1 2025, with organic sales growth of 33% adjusted for currency[17, 6] - Aerospace segment net sales increased to $892 million in Q1 2025 from $673 million in Q1 2024, a 325% increase[22] - Specialty Products segment net sales decreased by 240% to $249 million in Q1 2025, impacted by the Arrow Engine divestiture and lower demand[27] Balance Sheet and Capitalization - Total debt was $4342 million as of March 31, 2025[15] - Net debt was $4015 million as of March 31, 2025, with a net leverage of 27x[15] Outlook - The company reaffirmed its FY 2025 sales growth outlook of 4% to 6% and adjusted EPS outlook of $170 to $185[32]