secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000850429-23-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042923000025/0000850429-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042923000025/tg-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000850429-23-000025

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