earnings
confidence high
sentiment positive
materiality 0.70
Tredegar Q1 net income $16.5M ($0.49/sh) vs $9.6M; Alum Extrusions EBITDA record $23.9M
TREDEGAR CORP
2022-Q1 EPS reported
$0.49
- Net income from continuing ops $16.5M ($0.49 diluted EPS) vs $9.6M ($0.29) in Q1 2021.
- Aluminum Extrusions EBITDA from ongoing ops $23.9M, up $10.6M YoY, a record quarter.
- Flexible Packaging Films EBITDA down $4.6M to $5.0M; PE Films flat at $7.0M.
- Debt net of cash increased $63.2M mainly due to $50M frozen pension plan contribution in February.
- Aluminum Extrusions net sales up 33.8% on higher pricing, but volume down 3.1%.