Tredegar posts Q4 net loss of $3.9M; PE Films EBITDA turns negative

TREDEGAR CORP

Q4 2022 net loss from continuing ops $3.9M ($0.11 loss per share) vs income $21.4M ($0.63) in Q4 2021.
Full year 2022 net income $28.4M ($0.84/share) vs $57.9M ($1.72) in 2021; ongoing ops flat at $1.17 vs $1.18.
PE Films segment EBITDA from ongoing ops negative $2.6M in Q4, down $9.3M YoY; volume fell 40.2%.
Aluminum Extrusions Q4 EBITDA $8.9M, down $2.0M YoY; volume down 16.5%; open orders declining.
Management expects return to profitability in Q1 2023; PE Films weakness to persist through H1 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TREDEGAR CORP reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 16, 2023 , Tredegar Corporation announced its results of operations for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000850429-23-000005

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