TriMas Corporation (NASDAQ:TRS) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET

Company Participants

Sherry Lauderback - Vice President, Investor Relations & Communications

Thomas Amato - President and Chief Executive Officer

Scott Mell - Chief Financial Officer

Conference Call Participants

Katie Fleischer - KeyBanc Capital Markets

Operator

Greetings and welcome to the TriMas First Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sherry Lauderback. Thank you. You may begin.

Sherry Lauderback

Thank you, and welcome to TriMas Corporation's first quarter 2023 earnings call. Participating on the call today are Thomas Amato, TriMas' President and CEO; and Scott Mell, our Chief Financial Officer. We will provide our prepared remarks on our results and on our 2023 outlook, and then we will open up the call to your questions. In order to assist with the review of our results, we have included today's press release and PowerPoint presentation on our company website at trimascorp.com under the Investors section.

In addition, a replay of this call will be available later today by calling 877-660-6853 with the meeting ID of 1373-7667. Before we get started, I would like to remind everyone that our comments today may contain forward-looking statements that are inherently subject to a number of risks and uncertainties. Please refer to our Form 10-K that will be filed later today, actually Form 10-Q filed later today as a list of factors that could cause our results to differ from those anticipated in any forward-looking statements.

Also, we undertake no obligation to publicly update or revise any forward-looking statements, except as required by law. We would also direct your attention to our website where considerably more information may be found. In addition, we would like to refer you to the appendix in our press release or presentation for the reconciliations between GAAP and non-GAAP financial measures used today on the call. The discussion on the call regarding our financial results will be on an adjusted basis, excluding the impact of special items.

And with that, I'll turn the call over to Tom Amato, TriMas' President and CEO. Tom?

Thomas Amato

Thank you, Sherry. Good morning, and welcome to our first quarter earnings call. As I begin today's call, I am pleased to report that we have closed on the acquisition of Weldmac Manufacturing. Weldmac, as we discussed on our prior earnings call, is a U.S.-based manufacturer of complex metal fabricated components and assemblies for aerospace, defense, and industrial applications. This business, which we'll report into our TriMas Aerospace Group is highly complementary to RSA Engineered Products and Martinic Engineering and is expected to add more than $30 million in analyzed revenues.