secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0000850429-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042923000005/0000850429-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042923000005/tg-20230316.htm
  HTML page:      https://secwatch.observer/filing/0000850429-23-000005

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