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Sep 30, 2022
Tredegar Q3 2022 Earnings Report
Tredegar's profitability and margins, excluding inventory adjustments, improved during the third quarter versus last year despite flat sales volume and inflationary cost pressures.
Key Takeaways
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.
Aluminum Extrusions' EBITDA from ongoing operations was consistent compared to Q3 2021.
PE Films' EBITDA from ongoing operations was lower than Q3 2021 due to soft demand and customer inventory corrections.
Flexible Packaging Films' EBITDA from ongoing operations was slightly higher than Q3 2021 due to higher selling prices and sales volume.
Debt net of cash increased during the first nine months of the year due to a pension plan contribution and higher working capital.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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