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Tredegar Corp. - TG STOCK NEWS

Welcome to our dedicated news page for Tredegar (Ticker: TG), a resource for investors and traders seeking the latest updates and insights on Tredegar.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tredegar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tredegar's position in the market.

News
Tredegar Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Tredegar (TG) reported fourth quarter and full year financial results, showing a net loss for 2023 compared to a profit in 2022. EBITDA from ongoing operations for Aluminum Extrusions and PE Films fluctuated in Q4 2023. The company is facing challenges in sales volume and margin due to global excess capacity and intense competition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.43%
Tags
earnings
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News
Tredegar Plans to Release Fourth Quarter 2023 Financial Results on March 15, 2024
Rhea-AI Summary
Tredegar Corporation (TG) is set to announce its Q4 2023 financial results on March 15, 2024. The company operates in custom aluminum extrusions, surface protection films, and specialized polyester films sectors, generating $939 million in 2022 sales. Tredegar has a global presence with manufacturing facilities in North America, South America, and Asia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
earnings
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News
Bonnell Aluminum Commenting on Preliminary Countervailing Duty Ruling
Rhea-AI Summary
Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE: TG), welcomes the U.S. Department of Commerce's decision to impose countervailing duties on aluminum extrusions. The ruling aims to address unfair trade practices in the industry.
Rhea-AI Impact
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End-of-Day
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News
Terphane is Awarded GREAT PLACE TO WORK “Best Place to Work - Industry” in Brazil For Fourth Consecutive Year
Rhea-AI Summary
Terphane, a subsidiary of Tredegar Corporation (NYSE: TG), has been awarded 'Best Place to Work - Industry' in Brazil by Great Place to Work for the fourth consecutive year. This award represents the second GPTW recognition of 2023, following the ranking of the 30 companies for 'Best Place to Work in Pernambuco' for the sixth consecutive year. President José Bosco Silveira Jr. emphasized the company's commitment to promoting a solid organizational culture and strengthening ESG initiatives. Magdala Moraes, Terphane´s Director of Human Resources, highlighted the company's guiding principles of Ownership, Collaboration, and Customer Orientation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
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none
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News
Bonnell Aluminum Commenting on Initial Determination by ITC
Rhea-AI Summary
Tredegar Corporation (NYSE: TG) - Bonnell Aluminum Pleased with International Trade Commission's Decision to Investigate Aluminum Extrusions Imports
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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News
Tredegar Reports Third Quarter 2023 Results
Rhea-AI Summary
Tredegar Corporation (NYSE:TG) reported a net loss of $(50.4) million in Q3 2023, down from a net income of $1.0 million in Q3 2022. EBITDA from ongoing operations for Aluminum Extrusions was $5.1 million, down from $12.1 million in Q3 2022 due to sluggish market conditions. Sales volume declined to 32.5 million pounds from 45.5 million pounds in Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
earnings
News
Bonnell Aluminum Commenting on Recent Trade Filing from Aluminum Extruders Coalition and United Steelworkers Union
Rhea-AI Summary
Bonnell Aluminum supports antidumping petitions against aluminum extrusions from multiple countries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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none
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News
Tredegar Agrees to Sell Terphane to Oben Group
Rhea-AI Summary
Tredegar Corporation to sell its flexible packaging films business to Oben Group for $116 million. The transaction is expected to generate after-tax cash proceeds of $85 million. Terphane reported net sales and EBITDA of $152 million and $16.4 million, respectively, for the 12 months ended June 30, 2023. Closing of the transaction is subject to customary conditions.
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End-of-Day
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Tredegar Reports Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.25%
Tags
earnings
News
Origin Materials and Terphane Form Strategic Partnership to Produce Sustainable, High-Performance Packaging
Rhea-AI Summary
Origin Materials and Terphane have announced a strategic partnership to produce sustainable bio-polymer films. Terphane has signed a multi-year capacity reservation agreement to purchase bio-based PEF polymer from Origin Materials for use in film applications, including food and beverage packaging and industrial applications. The film is partially made from PEF and has all the traditional properties of a regular PET film, including post-consumption recycling. Origin Materials' PEF is expected to be 100% plant-based, fully recyclable, and have a significantly reduced carbon footprint compared to petroleum-based materials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.87%
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partnership
Stock TG logo
Tredegar Corp.

NYSE:TG

TG Rankings

#3658 Ranked by Market Cap
#4878 Ranked by Stock Gains
#331 Ranked by Dividends

TG Stock Data

222.08M
25.78M
23.18%
60.08%
0.8%
Other Aluminum Rolling, Drawing, and Extruding
Manufacturing
Link
US
Richmond

About TG

tredegar film products is a global leader in the plastic films industry with a wide range of capabilities in polyethylene, polypropylene, elastics and polyester films. with a global footprint and local supply capabilities, we support demand for films applications in diverse end-use markets, including personal care, electronic display, food packaging and lighting. with strategically located global operations and a culture focused on innovative research and development, tredegar film products is well positioned to expand its reach in diverse markets around the world to deliver “layers of confidence”™. headquartered in north chesterfield, va, usa, tredegar film products corporation, a subsidiary of tredegar corporation (nyse:tg), has 1700+ employees and 13 locations throughout north america, europe, asia, and south america.