Tredegar reports Q4 net loss of $35.6M; full-year loss $105.9M vs profit in 2022

TREDEGAR CORP

Q4 2023 diluted EPS -$1.04 vs -$0.11 YoY; ongoing ops EPS -$0.01 vs +$0.02.
FY 2023 net loss $105.9M (-$3.10/sh) vs FY 2022 income $28.5M ($0.84/sh).
Aluminum Extrusions EBITDA $8.0M, down 10% YoY on 11.6% lower volume; open orders 14M lbs.
PE Films EBITDA $4.5M (up from -$2.6M YoY); management cites consumer electronics recovery.
Terphane sale advancing; pension plan terminated; credit facility converted to asset-based lending.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TREDEGAR CORP reported fourth quarter and year ended December 31, 2023 results: net income $(35.6) million ($(1.04) per diluted share), EPS $(1.04) per diluted share.

Period: fourth quarter and year ended December 31, 2023
Net income: $(35.6) million ($(1.04) per diluted share)
EPS: $(1.04) per diluted share
Result: reported results

Exact text from the filing

Tredegar Corporation announced its results of operations for the fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000850429-24-000005

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