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TRIMAS CORPORATION ANNOUNCES RECORD THIRD-QUARTER RESULTS AS EARNINGS PER SHARE INCREASE 18 PERCENT

 ANN ARBOR, Mich., Nov. 3 /PRNewswire/ -- TriMas Corporation (NYSE: TMS) today reported record sales and earnings for the third quarter ended Sept. 30, 1993. Net sales for the third quarter of 1993 were $109.7 million, a 9-percent increase over 1992's third-quarter results of $100.6 million. Income for 1993's third quarter was a record $9.5 million, a 14-percent increase over 1992's third-quarter income of $8.3 million.
 Primary earnings per common share, after providing for preferred stock dividends, increased 18 percent in the third quarter 1993 to $.26 as compared to $.22 in the third quarter 1992. Earnings per share for both periods reflect the 2-for-1 stock split, effected in the form of a 100-percent stock distribution on July 6, 1993.
 Net sales for the nine months ended Sept. 30, 1993, were $335.2 million, a 10-percent increase over the $303.4 million recorded in the comparable 1992 period. Net income for the first nine months of 1993 was a record $29.5 million, an increase of 26 percent, as compared to $23.4 million (before an extraordinary charge) during the first nine months of 1992. Net income for the first nine months of 1992 was before an extraordinary charge of $5.7 million related to the early extinguishment of debt, net of income taxes.
 A number of the company's major markets are modestly strengthening, a trend it expects will continue throughout the fourth quarter and into 1994. TriMas believes a continuation of this improving economic trend, when combined with the company's efforts to enhance operating efficiencies, increased market share initiatives and new product introductions, should result in further record sales and earnings in 1994.
 TriMas Corporation is a diversified proprietary products company with leadership product positions in consumer, industrial and commercial niche markets.
 TRIMAS CORPORATION CONSOLIDATED CONDENSED STATEMENT OF INCOME
 (Amounts in thousands except per-share data; unaudited)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Net sales $109,710 $100,600 $335,230 $303,370
 Cost of sales (74,690) (69,870) (229,200) (208,260)
 Selling, general
 and administrative
 expenses (17,790) (15,610) (52,520) (48,060)
 Other expense, net (1,350) (1,190) (3,900) (7,590)
 Income before
 income taxes and
 extraordinary
 charge 15,880 13,930 49,610 39,460
 Income taxes 6,430 5,650 20,090 16,020
 Income before
 extraordinary
 charge 9,450 8,280 29,520 23,440
 Extraordinary charge
 related to the early
 extinguishment of debt,
 net of income taxes --- --- --- (5,740)
 Net income $9,450 $8,280 $29,520 $17,700
 Earnings available
 for common stock:
 Before extraordinary
 charge $7,700 $6,530 $24,270 $18,190
 After extraordinary
 charge $7,700 $6,530 $24,270 $12,450
 Primary earnings
 per common share:
 Before extraordinary
 charge $.26 $.22 $.83 $.73
 Earnings per
 common share $.26 $.22 $.83 $.50
 Fully diluted earnings
 per common share:
 Before extraordinary
 charge $.25 (A) $.79 $.71
 Earnings per
 common share $.25 (A) $.79 (A)
 Weighted average number
 of common and common
 equivalent shares
 outstanding:
 Primary 29,189 29,027 29,165 25,015
 Fully diluted 40,016 36,832 37,997 32,836
 (A) Convertible securities did not have a dilutive effect.
 -0- 11/3/93
 /CONTACT: Brian P. Campbell, president of TriMas Corporation, 313-747-7025/
 (TMS)


CO: TriMas Corporation ST: Michigan IN: SU: ERN

JG-KE -- DE001 -- 9948 11/03/93 08:05 EST
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Date:Nov 3, 1993
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