secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0000850429-24-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar Q3 2024 break-even ongoing ops; completes Terphane sale for $78M enterprise value
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- Q3 2024 net income from ongoing ops $0.2M ($0.01/share) vs loss of $5.1M ($0.15) in Q3 2023.
- GAAP net loss $3.9M ($0.11/share) vs $50.4M loss year-ago.
- Aluminum Extrusions EBITDA $6.2M (up 21%); PE Films EBITDA $5.9M (up from $4.0M).
- Closed sale of Terphane on Nov 1 for $60M cash; enterprise value $78M; additional $7M expected from escrow.
- Net leverage ratio reduced to 1.2x pro forma from 2.3x; USITC trade case vote negative, coalition evaluating options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042924000025/0000850429-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042924000025/tg-20241108.htm
  HTML page:      https://secwatch.observer/filing/0000850429-24-000025

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