Welcome to our dedicated page for Tredegar news (Ticker: TG), a resource for investors and traders seeking the latest updates and insights on Tredegar stock.
Tredegar Corporation (NYSE: TG) news covers an industrial manufacturer with two primary businesses: custom aluminum extrusions for North American building and construction, automotive and specialty end-use markets, and surface protection films for high-technology applications in the global electronics industry. Company press releases and SEC-related announcements provide regular updates on how these operations are performing and evolving.
Investors and industry observers following TG news will see detailed quarterly and annual earnings releases that break down segment results for Aluminum Extrusions (Bonnell Aluminum) and PE Films. These updates include information on sales volume by end-use market, net sales, EBITDA from ongoing operations, net new orders, open orders and commentary on factors such as tariffs, trade cases, sales mix and manufacturing efficiency.
Tredegar’s news flow also includes corporate developments, such as leadership transitions in the roles of President and Chief Executive Officer, Chief Financial Officer and principal accounting officer, as well as appointments to the Board of Directors. The company has issued announcements on executive retirements, elections of successors and related governance matters.
Another recurring theme in Tredegar’s news is portfolio management. The company has reported on the completion of the sale of Terphane, its flexible packaging films business headquartered in Brazil, to Oben Group, and has described this transaction as completing a strategic goal related to its flexible packaging operations.
For readers tracking TG, this news page aggregates earnings releases, trade and tariff commentary, segment performance discussions and governance updates in one place, making it easier to monitor how Tredegar’s aluminum extrusions and surface protection films businesses respond to market conditions and policy changes over time.
Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE: TG), is expanding its TSLOTS line of aluminum structural framing systems into the Southeastern U.S. with a new facility in Newnan, Georgia. This expansion follows a successful Midwest investment in 2021. The TSLOTS system enables manufacturers to create lightweight, durable structures using custom T-slotted aluminum extrusions. The new site will enhance customer access, reduce shipping costs, and shorten lead times. Bonnell Aluminum continues to provide project design assistance, fabrication, and assembly for its clients.
Tredegar Corporation (NYSE:TG) reported mixed fourth quarter and full-year financial results for 2022. The company faced a significant net loss from continuing operations of $(3.9) million in Q4 2022 compared to a profit of $21.4 million in Q4 2021. For the full year, net income dropped to $28.4 million from $57.9 million in 2021. EBITDA saw declines in key segments like Aluminum Extrusions and PE Films due to lower sales volumes and increased costs, although Flexible Packaging Films performed positively. Tredegar's debt rose by $75 million in 2022. The company anticipates a return to profitability in Q1 2023, despite ongoing challenges in demand.
The board of directors of Tredegar Corporation (NYSE:TG) has declared a quarterly dividend of $0.13 per share on the company's common stock. The dividend is set to be payable on April 1, 2023, to shareholders of record as of March 24, 2023. Tredegar operates in multiple sectors including custom aluminum extrusions, surface protection films, and specialized polyester films, with reported sales of $826 million in 2021. The company employs approximately 2,300 individuals across its manufacturing facilities in North America, South America, and Asia.
Tredegar Corporation (NYSE:TG) announced plans to release its fourth quarter financial results for 2022 on March 16, 2023. The company operates in industrial manufacturing across three sectors: custom aluminum extrusions, surface protection films, and specialized polyester films, generating $826 million in sales from continuing operations in 2021. With around 2,400 employees, Tredegar maintains manufacturing facilities in North America, South America, and Asia.
Tredegar Corporation (NYSE:TG) announces the retirement of John D. Gottwald as chairman of the board on January 6, 2023, after over 30 years of service. He is succeeded by Gregory A. Pratt, who joined the board in 2014 and has been the lead independent director since 2016. During his tenure, Gottwald was appreciated for his leadership and commitment to value creation. Tredegar specializes in custom aluminum extrusions, surface protection films, and specialized polyester films, reporting $826 million in 2021 sales.
The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of $0.13 per share on the company’s common stock. This dividend is payable on January 1, 2023 to shareholders of record as of the close of business on December 16, 2022. In 2021, Tredegar generated sales of $826 million from continuing operations and operates in North America, South America, and Asia across three primary business segments: custom aluminum extrusions, surface protection films, and specialized polyester films.
Tredegar Corporation (NYSE:TG) reported third quarter 2022 results with net income from continuing operations of $1.0 million, down from $6.2 million in Q3 2021. EBITDA from ongoing operations for Aluminum Extrusions stood at $12.1 million, consistent with last year, while PE Films saw a significant decline to $0.4 million. The company faced challenges such as decreased demand and high inventory levels, with total debt increasing to $124.0 million. Despite some positive trends in flexible packaging films, the outlook remains uncertain due to recessionary concerns.
Tredegar Corporation (NYSE:TG) will announce its third quarter 2022 financial results on November 9, 2022. The company operates in three sectors: custom aluminum extrusions, surface protection films, and specialized polyester films.
In 2021, Tredegar reported sales of $826 million from continuing operations and employs approximately 2,300 people across its manufacturing facilities in North America, South America, and Asia.
Tredegar Corporation (NYSE:TG) reported its second quarter results for 2022, showing net income from continuing operations of $14.8 million ($0.44/share), down from $20.7 million ($0.61/share) in Q2 2021. Ongoing operations earned $17.1 million ($0.51/share), up from $16.1 million ($0.48/share). EBITDA for Aluminum Extrusions rose by $2.2 million, while PE Films and Flexible Packaging Films witnessed declines in EBITDA. The company noted a strong cash generation, with debt net of cash decreasing by $32 million. However, the backlog showed signs of decline, indicating possible future downturns due to lower bookings.
The board of directors of Tredegar Corporation (NYSE:TG) has declared a quarterly dividend of $0.13 per share, payable on October 1, 2022. Shareholders of record will be noted as of September 16, 2022. Tredegar is an industrial manufacturer specializing in custom aluminum extrusions, surface protection films, and specialized polyester films, with reported sales of $826 million in 2021. The company operates globally, employing approximately 2,400 staff across North America, South America, and Asia.