secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000850429-22-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar Q2 2022 ongoing EPS $0.51 vs $0.48 YoY; Aluminum Extrusions EBITDA up 11%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000021/0000850429-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000021/tg-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000850429-22-000021

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