TriMas Reports Lower Demand in HVAC End Market

TriMas' Specialty Products segment experienced lower steel cylinder demand in the construction and HVAC end markets during the first quarter of 2020.

“First quarter net sales decreased 13.2% compared to the year ago period, as a result of lower sales of products for the oil and gas end market, and lower steel cylinder demand in the construction and HVAC end markets.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.