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 reports developments across an industrial manufacturing business built around Aluminum Extrusions and High Performance Films. Its aluminum operations, conducted through Bonnell Aluminum, produce custom-fabricated and finished extrusions for building and construction, automotive, transportation, consumer durables, machinery and equipment, electrical, renewable energy and distribution markets.
Recurring TG news includes quarterly and annual operating results, segment demand trends, non-GAAP reconciliations, operational productivity initiatives, and product or market commentary such as TSLOTS aluminum framing systems. Company updates also cover High Performance Films, surface protection films for high-technology electronics applications, board and executive leadership changes, and Bonnell Aluminum commercial leadership developments.
Tredegar Corporation (NYSE:TG) will hold its 2023 annual meeting of shareholders virtually on May 4, 2023, at 9:00 a.m. EDT. Shareholders of record by March 10, 2023 can participate online, vote, and ask questions. Financial results for Q1 2023 are set to be released on May 8, 2023. Registration for the meeting must be completed by May 3, 2023, and shareholders are encouraged to vote beforehand. The meeting allows guests to listen in but not participate in the vote or ask questions. Tredegar, an industrial manufacturer, reported $939 million in sales for 2022 and employs around 2,200 people across operations in North America, South America, and Asia.
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.