earnings
confidence high
sentiment negative
materiality 0.75
Tredegar Q3 2021 ongoing net income $7.2M ($0.22) vs $13.2M; Aluminum Extrusions EBITDA down 27%
TREDEGAR CORP
2021-Q3 EPS reported
$1.09
- Net income from ongoing operations $7.2M ($0.22/sh) vs $13.2M ($0.39/sh) in Q3 2020.
- Aluminum Extrusions EBITDA from ongoing ops $12.0M, down $4.5M (27%) YoY on lower volume and labor costs.
- PE Films EBITDA $4.8M, down $1.2M; competitive pricing expected to erode $6M in 2022.
- Flexible Packaging Films EBITDA $7.4M, down $2.2M; equipment failure will curb production into early 2022.
- Debt net of cash $96.7M, down $25.5M YTD; cash generation remains strong.