secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000850429-22-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar Q3 net income drops to $1.0M from $6.2M; PE Films EBITDA slumps
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- Net income from continuing ops $1.0M ($0.03/diluted share) vs $6.2M ($0.19) YoY; ongoing ops net $4.8M ($0.14) vs $7.2M ($0.22).
- Aluminum Extrusions EBITDA flat at $12.1M; volume flat but specialty down 11%, B&C up 8.5%.
- PE Films EBITDA plunges $4.4M to $0.4M on soft flat-panel demand and customer inventory corrections.
- Debt net of cash increased $62M in 9 months due to $50M pension contribution and higher working capital.
- Open orders at Aluminum Extrusions fell to 59M lbs from 86M lbs Q2 as customers destock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000026/0000850429-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000026/tg-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000850429-22-000026

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