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Dec 31, 2019
Tredegar Q4 2019 Earnings Report
Tredegar reported a net loss for Q4 2019, with net income from ongoing operations lower than the previous year. Bonnell Aluminum's full year operating results in 2019 beat 2018, and Surface Protection component of PE Films achieved record profit in 2019.
Key Takeaways
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.
Q4 2019 net loss was $3.1 million ($0.09 per share) compared to net income of $26.2 million ($0.79 per share) in Q4 2018.
Net income from ongoing operations for Q4 2019 was $7.2 million ($0.22 per share) compared to $14.2 million ($0.43 per share) in Q4 2018.
EBITDA from ongoing operations for Aluminum Extrusions was $14.5 million, $3.4 million lower than Q4 2018.
EBITDA from ongoing operations for PE Films was $9.5 million, $3.5 million lower than Q4 2018.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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