secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0000850429-22-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar Q4 GAAP net income jumps to $21.4M; ongoing ops net income falls to $6.2M
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- Q4 GAAP net income $21.4M ($0.63 diluted) vs $6.5M ($0.19) YoY; ongoing ops net income $6.2M ($0.18) vs $9.7M ($0.29).
- Full year 2021 GAAP net income $57.9M ($1.72) vs net loss $16.8M ($0.51) in 2020.
- Segment EBITDA from ongoing ops: Aluminum Extrusions $10.9M (down $2.8M), PE Films $6.7M (down $4.5M), Flexible Packaging $6.4M (down $1.7M).
- Debt net of cash declined ~$80M in 2021; received $47.1M from sale of kaléo investment.
- Approved $28M capex for new ERP/MES systems expected to generate $9M annual benefits once fully implemented.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000004/0000850429-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000004/tg-20220311.htm
  HTML page:      https://secwatch.observer/filing/0000850429-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer