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.
The board of directors of Tredegar Corporation (NYSE:TG) has declared a quarterly dividend of $0.12 per share on its common stock, with a payment date set for January 1, 2022. Shareholders on record by the close of business on December 17, 2021 will be eligible for the dividend. Tredegar operates in three primary sectors: custom aluminum extrusions, surface protection films, and specialized polyester films. In 2020, the company reported $755 million in sales from continuing operations.
Tredegar Corporation (NYSE:TG) reported a net income of $20.7 million ($0.61 per diluted share) for Q2 2021, up from $14.3 million ($0.43 per diluted share) in Q2 2020. Ongoing operations net income was stable at $16.1 million ($0.48 per diluted share). EBITDA from Aluminum Extrusions rose to $19.7 million, while PE Films suffered a $6.5 million decline. Despite challenges like labor shortages and supply chain disruptions, current bookings and backlog are at record levels. Debt decreased by $22 million to under $100 million, signaling strong cash generation.
Tredegar Corporation (NYSE:TG) has declared a quarterly dividend of $0.12 per share, payable on October 1, 2021, to shareholders of record by September 17, 2021. The company, engaged in custom aluminum extrusions, surface protection films, and specialized polyester films, reported $755 million in sales from continuing operations in 2020. With around 2,400 employees, Tredegar operates manufacturing facilities across North America, South America, and Asia.
Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG), is introducing a resin index-based pricing plan affecting all products due to significant price increases and supply challenges for polyethylene and polypropylene resin. Effective July 1, 2021, this pricing model allows for potential decreases if resin prices drop. Dr. Bapi DasGupta highlighted that resin prices have doubled over the past year, exacerbated by tight supply conditions from force majeure events and COVID-19-related delays. Tredegar remains committed to cost-control measures and ensuring product quality.
Tredegar Corporation (NYSE:TG) reported a net income of $9.6 million for Q1 2021, recovering from a net loss of $20.7 million in Q1 2020. EBITDA from ongoing operations showed mixed results: Aluminum Extrusions rose to $13.3 million, while PE Films fell to $7.2 million. The company faced challenges from labor shortages and raw material supply issues but reported record bookings and backlog levels. The non-residential building and construction market declined by 15.1%, attributed to previous contract fulfillments and COVID-19 impacts. Capital expenditures are projected at $21 million for 2021.
The board of directors of Tredegar Corporation (TG) has announced a quarterly dividend of $0.12 per share on its common stock. This dividend will be payable on July 1, 2021 to shareholders on record as of the close of business on June 18, 2021.
Tredegar operates in three main sectors: custom aluminum extrusions, surface protection films, and specialized polyester films. In 2020, the company reported sales of $755 million and employs around 2,400 people across manufacturing facilities in North America, South America, and Asia.
Tredegar Corporation (NYSE:TG) will conduct its 2021 virtual annual meeting of shareholders on May 6, 2021, at 9:00 a.m. EDT. Shareholders who were on record as of March 12, 2021, can participate by pre-registering online. Voting is encouraged prior to the meeting, but registered shareholders will also have the option to vote during the meeting. Guests may listen in but cannot ask questions or vote. Tredegar reported $755 million in sales from continuing operations in 2020 and operates manufacturing facilities across North America, South America, and Asia.
Tredegar Corporation (NYSE:TG) reported mixed financial results for Q4 and full year 2020. Q4 net income from continuing operations was $6.5 million, up from $1.0 million in Q4 2019. However, the full year recorded a net loss of $16.8 million compared to a profit of $58.5 million in 2019. Ongoing operations showed a slight increase in net income to $50.8 million in 2020 versus $47.6 million in 2019. EBITDA varied by segment, with Aluminum Extrusions down 16.1% but Flexible Packaging Films saw significant growth. Tredegar paid a $200 million special dividend driven by strong cash generation despite the pandemic's challenges.
Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE: TG), is expanding its TSLOTS aluminum structural framing operations into the Midwest. This new facility, alongside the existing Niles, Michigan location, offers 12,550 square feet of additional warehouse space for inventory. This expansion aims to enhance customer service in the Eastern and Midwestern U.S. by reducing shipping costs and lead times. TSLOTS provides comprehensive services, including project design assistance and fabrication, to meet growing regional demands.
Tredegar Corporation (NYSE:TG) announced a quarterly dividend of $0.12 per share, payable on January 1, 2021, to shareholders recorded by the close of business on December 11, 2021. The company operates in three primary sectors: custom aluminum extrusions, surface protection films for electronics, and specialized polyester films for flexible packaging in Latin America. In 2019, it reported sales of $826 million with a workforce of 2,400 spread across manufacturing facilities in North America, South America, and Asia.