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TRIMAS CORPORATION ANNOUNCES RECORD SECOND-QUARTER OPERATING RESULTS

 TRIMAS CORPORATION ANNOUNCES RECORD SECOND-QUARTER OPERATING RESULTS
 ANN ARBOR, Mich., July 29 /PRNewswire/ -- TriMas Corporation (NYSE: TMS) today reported record quarterly sales and operating earnings for the second quarter ended June 30, 1992. Net sales for the second quarter of 1992 were $107.0 million, a 17.5-percent increase over 1991's second-quarter results of $91.0 million. Income for 1992's second quarter, before an extraordinary charge for the early redemption of debt, was a record $9.6 million, a 46.5-percent increase over 1991's second-quarter income of $6.5 million.
 Earnings available for common stock, after providing for preferred stock dividends and before the extraordinary charge, were $7.8 million, or $.60 per common share, vs. 1991's second-quarter results of $4.8 million, or $.48 per common share. After the extraordinary charge of $.44 per common share, earnings per common share in the second quarter 1992 were $.16 per share.
 As previously reported, on April 29, 1992, TriMas completed a public offering of 4.6 million common shares. The net proceeds of the offering, together with a portion of the company's cash investments, were applied to the early redemption in full of its $88 million 12 percent Subordinated Debentures due 1999, plus accrued interest and payment of an early redemption premium. The results for second-quarter 1992 reflect these transactions.
 With ongoing indications of the economic recovery that the company sees in several key markets, together with ongoing cost containment measures, new product development programs and market share initiatives, management believes TriMas should achieve record sales and earnings in 1992.
 TriMas Corporation is a diversified manufacturer of products for consumer, industrial and commercial markets including specialty fasteners, towing systems and related accessories, specialty container products, specialty insulation and tape products, and precision cutting tools.
 TRIMAS CORPORATION CONSOLIDATED CONDENSED STATEMENT OF INCOME
 (Amounts in Thousands Except Per-Share Data; Unaudited)
 Three Months Ended Six Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Net sales $106,950 $91,030 $202,770 $175,360
 Cost of sales (72,080) (60,740) (138,390) (118,150)
 Selling, general and
 administrative
 expenses (16,330) (14,250) (32,450) (26,820)
 Other expense, net (2,450) (5,060) (6,400) (10,280)
 Income before income
 taxes and extraordinary
 charge 16,090 10,980 25,530 20,110
 Income taxes 6,540 4,460 10,370 8,170
 Income before extraordinary
 charge 9,550 6,520 15,160 11,940
 Extraordinary charge
 related to the early
 extinguishment of debt,
 net of income taxes (5,740) --- (5,740) ---
 Net income $3,810 $6,520 $9,420 $11,940
 Earnings available for
 common stock:
 Before extraordinary
 charge $7,800 $4,770 $11,660 $8,440
 After extraordinary
 charge $2,060 $4,770 $5,920 $8,440
 Earnings per common
 share:
 Before extraordinary
 charge $.60 $.48 $1.01 $.85
 Extraordinary charge (.44) --- (.50) ---
 Earnings per common share $.16 $.48 $.51 $.85
 -0- 7/29/92
 /CONTACT: Brian P. Campbell, president, TriMas Corporation, 313-747-7025/
 (TMS) CO: TriMas Corporation ST: Michigan IN: SU: ERN


JG-ML -- DE005 -- 4442 07/29/92 09:05 EDT
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Date:Jul 29, 1992
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