Tredegar Q2 net loss of $18.9M; suspends dividend; $30M pension obligation in Q4

TREDEGAR CORP

2024-FY EPS reported -$0.56

Net loss of $18.9M ($0.56 per share) vs net income of $14.9M ($0.44) in Q2 2022.
Ongoing ops net loss $2.0M ($0.06) vs income of $17.2M ($0.51) a year ago.
Aluminum Extrusions EBITDA fell 53% to $10.2M; PE Films EBITDA $0.8M; Flexible Packaging Films EBITDA $0.2M.
Quarterly dividend suspended; credit facility amended for liquidity.
Pension plan settlement obligation estimated at $30M due in Q4 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 the second quarter ended June 30, 2023 results: net income $(18.9) million, EPS $(0.56) per diluted share.

Period: the second quarter ended June 30, 2023
Net income: $(18.9) million
EPS: $(0.56) per diluted share
Result: reported results

Exact text from the filing

Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar") today reported second quarter financial results for the period ended June 30, 2023. Second quarter 2023 net income (loss) was $(18.9) million ($(0.56) per diluted share) compared to net income (loss) of $14.9 million ($0.44 per diluted share) in the second quarter of 2022.

View on SEC.gov

Browse all earnings releases →

TREDEGAR CORP filing history →

Source: SEC EDGAR

accession 0000850429-23-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.