Tredegar Q3 2024 Earnings Report
Key Takeaways
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.
Net loss was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023.
Net income from ongoing operations was $0.2 million ($0.01 per diluted share) compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023.
Aluminum Extrusions' EBITDA from ongoing operations increased to $6.2 million, with sales volume at 34.6 million pounds.
PE Films' EBITDA from ongoing operations was $5.9 million, with sales volume at 9.6 million pounds.
Tredegar
Tredegar
Tredegar Revenue by Segment
Forward Guidance
Capital expenditures for Bonnell Aluminum are projected to be $8 million in 2024, while capital expenditures for PE Films are projected to be $2 million in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income