Loading...
•
Sep 30, 2023
Tredegar Q3 2023 Earnings Report
Reported a loss for the quarter due to severe market downturns and made strategic progress by agreeing to sell Terphane and settling the pension plan.
Key Takeaways
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.
Net loss of $(50.4) million ($(1.47) per diluted share) in Q3 2023, compared to net income of $1.0 million ($0.03 per diluted share) in Q3 2022.
EBITDA from ongoing operations for Aluminum Extrusions was $5.1 million, down from $12.1 million in the same quarter last year.
EBITDA from ongoing operations for PE Films was $4.0 million, compared to $0.4 million in Q3 2022.
EBITDA from ongoing operations for Flexible Packaging Films was $0.5 million, down from $7.8 million in Q3 2022.
Revenue by Segment
Forward Guidance
The company anticipates lower Surface Protection sales volume in the fourth quarter of 2023, in line with typical seasonality.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...