Tredegar Q1 2020 Earnings Report
Key Takeaways
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.
Net loss was $22.3 million ($0.67 per share) compared to net income of $19.8 million ($0.60 per share) in the first quarter of 2019.
Net income from ongoing operations was $11.3 million ($0.34 per share) in the first quarter of 2020 and $7.3 million ($0.22 per share) in the first quarter of 2019.
EBITDA from ongoing operations for Aluminum Extrusions was $4.5 million lower than the first quarter of 2019.
EBITDA from ongoing operations for PE Films was $7.6 million higher than the first quarter of 2019.
Tredegar
Tredegar
Tredegar Revenue by Segment
Forward Guidance
Bonnell Aluminum’s current projection for 2020, which accounts for the pandemic and is highly uncertain, includes sales volume of 173 million pounds and EBITDA from ongoing operations of $45 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income