secwatch.observer — SEC 8-K summary
======================================

Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000850429-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar Q3 net loss $50.4M ($1.47/sh); ongoing ops loss $5.1M; aluminum volume down 29%
--------------------------------------------------------------------------------

- Net loss $50.4M ($1.47 diluted) vs net income $1.0M ($0.03) in Q3 2022; ongoing ops loss $5.1M vs $4.8M income.
- Aluminum Extrusions EBITDA from ongoing ops $5.1M, down 57.6% from $12.1M; sales volume 32.5M lbs, down 28.6%.
- PE Films EBITDA from ongoing ops improved to $4.0M from $0.4M; Flexible Packaging Films (Terphane) EBITDA $0.5M vs $7.8M.
- Company executed agreement to sell Terphane, subject to competition authority clearance; also settled pension plan and restructuring credit.
- Open orders at Aluminum end-Q3: ~17M lbs vs ~20M at Q2 2023 and ~59M at Q3 2022; demand remains sluggish.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042923000030/0000850429-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042923000030/tg-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000850429-23-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer