Tredegar Earnings Reports

Tredegar Corporation reported a net loss of $3.9 million for Q3 2024, an improvement compared to the $50.4 million loss in Q3 2023. Net income from ongoing operations was $0.2 million, compared to a loss of $5.1 million in the same quarter last year. The company completed the sale of Terphane on November 1, 2024, receiving $60 million in cash at closing.

Tredegar Corporation reported a net income of $8.8 million for Q2 2024, a significant improvement compared to the $(18.9) million loss in Q2 2023. The company's ongoing operations also showed improvement, with a net income of $10.3 million compared to a $(2.0) million loss in the same quarter last year. The rebound at the business units is having a favorable impact on overall operating results and net financial leverage.

Tredegar Corporation reported a net income of $3.3 million for Q1 2024, a significant improvement compared to the net loss of $1.0 million in Q1 2023. The company saw increased earnings in PE Films and Flexible Packaging Films, while Aluminum Extrusions experienced a decrease in EBITDA. Tredegar is progressing with the sale of Terphane and focuses on managing costs and working capital.

Tredegar Corporation reported a net loss of $(35.6) million for Q4 2023, compared to a loss of $(3.9) million in Q4 2022. However, results were better than expected and improved compared with the third quarter of 2023.

Tredegar Corporation reported a net loss of $(50.4) million for Q3 2023, compared to a net income of $1.0 million in Q3 2022. The results were impacted by market downturns in its business segments. The company is progressing with strategic initiatives, including an agreement to sell Terphane and settling its pension plan obligation.

Tredegar Corporation reported a net loss of $(18.9) million for Q2 2023, compared to a net income of $14.9 million in Q2 2022. The company faced depressed market conditions across all its businesses, which are believed to be primarily due to the residual impact of the pandemic. The timing of a market recovery remains uncertain, and significant spending controls are in place.

Tredegar Corporation reported third quarter 2022 financial results with a net income from continuing operations of $1.0 million (0.03 per diluted share), compared to $6.2 million ($0.19 per diluted share) in Q3 2021. Net income from ongoing operations, excluding special items, was $4.8 million ($0.14 per diluted share) in Q3 2022, versus $7.2 million ($0.22 per diluted share) in Q3 2021.

Tredegar Corporation reported a net loss from continuing operations of $17.0 million, compared to a net income of $15.1 million in Q3 2019. However, net income from ongoing operations was $13.2 million, slightly lower than the $13.3 million in the same quarter of the previous year. The company divested its Personal Care Films business for gross proceeds of $60.5 million.

Tredegar Corporation reported favorable financial results for Q2 2020 despite the adverse impact of COVID-19, particularly on the aluminum extrusions business. The company's balance sheet remains strong, with cash exceeding debt.

Tredegar Corporation reported a net loss of $22.3 million for Q1 2020, compared to a net income of $19.8 million in Q1 2019. However, net income from ongoing operations increased to $11.3 million from $7.3 million in the same period last year. The company's operations were impacted by COVID-19, with varying effects across its business segments.

Tredegar Corporation reported a net loss of $3.1 million for Q4 2019, a significant decrease compared to the net income of $26.2 million in Q4 2018. Net income from ongoing operations was $7.2 million, also lower than the $14.2 million in the same quarter of the previous year. Despite these challenges, Bonnell Aluminum's full year operating results surpassed 2018, and the Surface Protection component of PE Films achieved record profit in 2019.