---
schema_version: "secwatch.filing_event.v1"
accession: "0000850429-23-000011"
form_type: "8-K"
ticker: "TG"
cik: "0000850429"
company_name: "TREDEGAR CORP"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T15:10:05.234994+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tredegar Q1 net loss $1.0M; warns may cut dividend if no recovery early Q3

## Summary
- GAAP net loss $1.0M ($0.03/sh) vs profit $16.4M ($0.49/sh) in Q1 2022; ongoing ops net income $2.5M ($0.07/sh).
- Aluminum Extrusions EBITDA from ongoing ops $14.6M, down 38.8% YoY; volume 37.6M lbs (-12.7%); sales $133.4M (-15.6%).
- CEO cites severe slowdown, customer inventory corrections; warns negative cash flow may force dividend reduction or suspension.
- Expects final pension plan payment of ~$28M in Q4 2023; net leverage ratio rising.

## SEC filing metadata
- accession: 0000850429-23-000011
- form_type: 8-K
- ticker: TG
- cik: 0000850429
- company_name: TREDEGAR CORP
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850429/000085042923000011/0000850429-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850429/000085042923000011/tg-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000850429-23-000011
- JSON: https://secwatch.observer/filing/0000850429-23-000011.json
- Plain text: https://secwatch.observer/filing/0000850429-23-000011.txt

## Key facts
- Earnings Releases
  TREDEGAR CORP reported first quarter ended March 31, 2023 results: net income $(1.0) million, EPS $(0.03) per diluted share.
  - Period: first quarter ended March 31, 2023
  - Net income: $(1.0) million
  - EPS: $(0.03) per diluted share
  - Result: reported results
  source text: First quarter 2023 net income (loss) was $(1.0) million ($(0.03) per diluted share) compared to net income (loss) of $16.4 million ($0.49 per diluted share) in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/850429/000085042923000011/0000850429-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.