secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0000850429-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042924000005/0000850429-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042924000005/tg-20240315.htm
  HTML page:      https://secwatch.observer/filing/0000850429-24-000005

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