Filing Flows › Trimas (TRS) › Q1 2026
Trimas (TRS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Trimas (TRS) reported revenue of $168M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +8% from the quarter before. Operating margin was 4.1%, net earnings $801M (475.9% of revenue).
Trimas, Q1 2026: revenue $168M (+10% year over year), operating margin 4.1%, net earnings $801M, operating cash flow −$19.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | +8% | +10% |
| Gross profit | $36.9M | +12% | +12% |
| Operating profit | $6.9M | — | -4% |
| Net earnings | $801M | +880% | 64× |
| Operating cash flow | −$19.4M | -147% | -311% |
What changed
Revenue was $168.3M in Q1 2026, up 10% year over year and up 8% from the previous quarter. Packaging was the largest line at 83% of revenue. Packaging added $11.6M year over year (up 9%), 73% of the total change.
Gross margin was 21.9%, up 0.4 points from Q1 2025. Operating profit was $6.9M, a 4.1% margin (down 0.6 points year over year). Operating profit fell $260K even though revenue rose $15.8M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 10%. Net earnings were $800.8M, up 6348% year over year. The effective tax rate was 6.3%. Non-operating items added $848.2M, 99% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$19.4M. Non-cash charges added back $9.6M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $832.9M. Capital expenditures of $5.2M exceeded it, leaving free cash flow of −$24.6M.
Questions
What was Trimas' revenue in the first quarter 2026?
Trimas (TRS) reported revenue of $168M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +8% from the quarter before.
Was Trimas profitable in the first quarter 2026?
Operating profit was $6.9M (4.1% of revenue) and net earnings $801M.
Source: Trimas 10-Q on SEC EDGAR.