earnings
confidence high
sentiment neutral
materiality 0.65
Tredegar Q2 net income $0.61/sh, up from $0.43; Aluminum Extrusions EBITDA +48.5%
TREDEGAR CORP
2021-Q1 EPS reported
$0.90
- Net income from continuing ops $20.7M ($0.61/sh) vs $14.3M ($0.43) in Q2 2020; ongoing net income $16.1M ($0.48/sh), flat YoY.
- Aluminum Extrusions EBITDA from ongoing ops $19.7M, up $6.4M (48.5%) on 11.9% volume increase; non-res B&C volume down 10.2%.
- PE Films EBITDA from ongoing ops $9.0M, down $6.5M YoY due to customer product transition and resin cost margin compression.
- Flexible Packaging Films (Terphane) EBITDA $8.3M, up $1.8M despite volume declines from temporary resin supply issues.
- Net debt fell below $100M and declined $22M in Q2 on strong cash generation; selling price increases implemented to offset costs.