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Dec 31, 2024
Tredegar Q4 2024 Earnings Report
Tredegar reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
Tredegar Corporation reported a significant improvement in net income from continuing operations in Q4 2024, reaching $(7.3) million compared to $(34.1) million in Q4 2023. The company's ongoing operations also showed positive growth, with net income of $2.0 million in Q4 2024, up from $1.1 million in Q4 2023. This improvement was driven by solid performances in both Aluminum Extrusions and PE Films segments, along with a strong balance sheet and reduced net leverage.
Net income from continuing operations significantly improved to $(7.3) million in Q4 2024 from $(34.1) million in Q4 2023.
Net income from ongoing operations increased to $2.0 million in Q4 2024 from $1.1 million in Q4 2023.
Aluminum Extrusions' EBITDA from ongoing operations rose to $9.7 million in Q4 2024 from $8.0 million in Q4 2023, with sales volume increasing by 8.8%.
PE Films' EBITDA from ongoing operations increased to $7.6 million in Q4 2024 from $4.5 million in Q4 2023, with sales volume up by 6.8%.
Tredegar
Tredegar
Tredegar Revenue by Segment
Revenue by Segment
Aluminum Extrusions Revenue
CapyFin.comPE Films Revenue
CapyFin.com Forward Guidance
Tredegar projects capital expenditures for Bonnell Aluminum to be $17 million in 2025, with $5 million for productivity projects and $12 million for continuity of operations. Depreciation expense is projected to be $16 million and amortization expense $2 million in 2025. For PE Films, capital expenditures are projected to be $3 million in 2025, with $2 million for productivity projects and $1 million for continuity of operations, and depreciation expense is projected to be $5 million.
Positive Outlook
- Bonnell Aluminum's capital expenditures include $5 million for productivity projects in 2025.
- Bonnell Aluminum's capital expenditures include $12 million for continuity of operations in 2025.
- PE Films' capital expenditures include $2 million for productivity projects in 2025.
- PE Films' capital expenditures include $1 million for continuity of current operations in 2025.
- Net new orders for Bonnell Aluminum have continued to grow into 2025.
Challenges Ahead
- The actual timing and level of tariffs remain a fluid situation.
- The company's ability to attract, develop, and retain key officers or employees could impact future performance.
- Disruptions to manufacturing facilities, including labor shortages, could negatively affect operations.
- An information technology system failure or breach could pose risks.
- Risks of doing business in countries outside the U.S. could affect international operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income