earnings
confidence high
sentiment neutral
materiality 0.65
Tredegar Q2 2022 ongoing EPS $0.51 vs $0.48 YoY; Aluminum Extrusions EBITDA up 11%
TREDEGAR CORP
2022-Q2 EPS reported
$0.93
- Net income from continuing ops $14.8M ($0.44/diluted) vs $20.7M ($0.61) in Q2 2021; ongoing ops net income $17.1M ($0.51) vs $16.1M ($0.48).
- Aluminum Extrusions EBITDA from ongoing ops $21.9M, up $2.2M YoY; sales volume flat, net sales up 36.6% due to higher pricing.
- PE Films EBITDA $7.1M, down $1.9M; Flexible Packaging Films EBITDA $7.6M, down $0.6M.
- Debt net of cash declined by $32M during Q2; management cites strong cash generation.
- Backlog remains historically high but bookings slowed; labor shortages improving but still impacting production.