Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, PE Films, and polyester films in the United States and internationally. It operates through Aluminum Extrusions, PE Films, and Flexible Packaging Films segments. The Aluminum Extrusions segment produces soft-alloy and medium-strength aluminum extrusions primarily for building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors. The PE Films segment offers single- and multi-layer surface protection films for protecting components of flat panel displays used in televisions, monitors, notebooks, smart phones, tablets, e-readers, and digital signage under the UltraMask, ForceField, ForceField PEARL, and Pearl A brands. This segment also provides thin-gauge films for bathroom tissue and paper towels, as well as polyethylene overwrap films and films for other markets. The Flexible Packaging Films segment offers polyester-based films for food packaging and industrial applications under the Terphane and Sealphane brands. Tredegar Corporation was founded in 1955 and is headquartered in Richmond, Virginia.
IPO Year:
Exchange: NYSE
Website: tredegar.com
Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar")) today reported first quarter financial results for the period ended March 31, 2025. First quarter 2025 net income (loss) from continuing operations was $0.7 million ($0.02 per diluted share) compared to $2.6 million (0.08 per diluted share) in the first quarter of 2024. Net income (loss) from ongoing operations, which excludes special items, was $3.6 million ($0.10 per diluted share) in the first quarter of 2025 compared to $4.7 million ($0.14 per diluted share) in the first quarter of 2024. A reconciliation of net income (loss) from continuing operations, a financial measure calculated in accordance with U.S. generally acce
Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar")) today reported fourth quarter and full year financial results for the period ended December 31, 2024. Fourth quarter 2024 net income (loss) from continuing operations was $(7.3) million ($(0.21) per diluted share) compared to $(34.1) million ($(1.00) per diluted share) in the fourth quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $2.0 million ($0.06 per diluted share) in the fourth quarter of 2024 compared to $1.1 million ($0.03 per diluted share) in the fourth quarter of 2023. Full year 2024 net income (loss) from continuing operations was $1.0 million ($0.03 per diluted share)
Tredegar Corporation (NYSE:TG) today announced that it has appointed Chris Vlahcevic as an independent director to its Board of Directors. "Chris's financial and technical expertise make her a valuable addition to the Board," said Greg Pratt, Chairman of the Board. "I welcome her to Tredegar on behalf of the entire board and look forward to working with her to enhance Tredegar's value for our shareholders." About Chris Vlahcevic Chris Vlahcevic served as Senior Vice President, Finance and Chief Accounting Officer, for Performance Food Group from 2015 to 2023 before retiring from the company in 2024. Prior to her role at Performance Food Group, Ms. Vlahcevic held financial leadership r
Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", )) today reported third quarter financial results for the period ended September 30, 2024. Third quarter 2024 net income (loss) was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $0.2 million ($0.01 per diluted share) in the third quarter of 2024 compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting principles
Tredegar Corporation (NYSE:TG) ("Tredegar") announced today that it has completed the previously announced sale of Terphane, its flexible packaging films business headquartered in Brazil, to Oben Group ("Oben"). Commenting on the sale, John Steitz, Tredegar's president and chief executive officer said, "The sale of Terphane completes a strategic goal that we've been working on for well over a year. We believe that Terphane will have greater scale and growth opportunities with Oben, a global player in the highly competitive flexible films industry. We wish the best for the employees and stakeholders of Terphane and Oben." Gonzalo Belaunde, Oben's chief executive officer, said, "We are plea
Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG) and a leader in high-quality masking films, is excited to announce the launch of its latest packaging film, Optennia. This innovative packaging solution is now available through our extensive distribution channels, providing superior protection and performance while supporting sustainability goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031151965/en/Optennia is the ultimate packaging solution that combines durability and functionality with environmental responsibility. (Photo: Business Wire) "Tredegar Surface Protection is committed to sustaina
Tredegar Corporation (NYSE:TG) announced today that Brazil's Administrative Council for Economic Defense ("CADE") approved a merger control agreement allowing Tredegar to proceed with the sale of Terphane, its flexible packaging business headquartered in Brazil, to Oben Group. The conditions contained in the merger control agreement, mainly comprised of post-closing commitments for Oben to address certain competition concerns, are expected to be met with closing of the transaction planned for November 1, 2024. On September 1, 2023, Tredegar entered into an agreement to sell Terphane to Oben for net cash-free and debt-free base consideration of $116 million. Tredegar expects to realize afte
Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG) and a leader in high-quality masking films, is excited to announce the launch of Obsidian Automotive Protective Films. Designed to meet the evolving needs of the automotive industry, these innovative films offer unparalleled performance and protection. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009921105/en/Obsidian sets a new standard for high-quality protective films in the automotive industry. The Obsidian line includes a range of protective films tailored for various applications: AUTOMOTIVE INTERIOR: Automotive Displays Augmented Reality
Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), is proud to partner with the Aluminum Extruders Council (AEC) and the U.S. Department of Labor (DOL) to create an industry-specific Apprenticeship Program. The program's main goal is to offer potential workers a true career path in aluminum extrusions by developing needed skills in a structured program with national accreditation and potential funding from the DOL. The program is also available to existing employees who want to pursue a career path in a particular trade. Rolled out in 2023, Phase I of the AEC Apprenticeship Program initiative is designed to help members recruit, hire, and train Industrial Maintenance Technic
Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), is pleased with the U.S. Department of Commerce's final ruling to institute anti-dumping and countervailing duties on unfairly traded imports of aluminum extrusions from 14 countries. Additional details are available in the press release issued by The U.S. Aluminum Extruders Coalition on September 27, 2024: Read the full press release >> About Bonnell Aluminum Bonnell Aluminum is a subsidiary of Tredegar Corporation (NYSE:TG). The Company is a leading manufacturer of custom-fabricated and finished aluminum extrusions serving the building and construction, automotive and transportation, consumer durables, machinery and equ
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Tredegar Corporation (NYSE:TG) today announced that it has appointed Chris Vlahcevic as an independent director to its Board of Directors. "Chris's financial and technical expertise make her a valuable addition to the Board," said Greg Pratt, Chairman of the Board. "I welcome her to Tredegar on behalf of the entire board and look forward to working with her to enhance Tredegar's value for our shareholders." About Chris Vlahcevic Chris Vlahcevic served as Senior Vice President, Finance and Chief Accounting Officer, for Performance Food Group from 2015 to 2023 before retiring from the company in 2024. Prior to her role at Performance Food Group, Ms. Vlahcevic held financial leadership r
Retirement Follows Over 30 Years of Service Greg Pratt to Serve as Chairman of the Board Tredegar Corporation (NYSE:TG) today announced that John D. Gottwald retired as Tredegar's chairman of the board of directors on January 6, 2023, and the board has selected Gregory A. Pratt to succeed Mr. Gottwald as chairman. Mr. Gottwald has served as a director since 1989 and as chairman of the board since May of 2019. He also served as president and chief executive officer from July 1989 to September 2001, from March 2006 to January 2010, and from June 2015 to March 2019. Mr. Pratt joined the board in 2014 and has served as lead independent director since 2016. Speaking on behalf of Tredegar's bo
RICHMOND, Va.--(BUSINESS WIRE)--Tredegar Corporation (NYSE:TG) today announced the retirement of Michael J. Schewel as Executive Vice President, General Counsel and Corporate Secretary, and the appointment of Kevin C. Donnelly to the position of Vice President, General Counsel and Corporate Secretary, effective January 1, 2021. Mr. Schewel has served at Tredegar Corporation since 2016. Mr. Donnelly joined Tredegar in 2010 and has served as its Associate General Counsel since 2013. Prior to joining Tredegar, Mr. Donnelly was an associate at Hunton & Williams LLP (now Hunton Andrews Kurth LLP). He received a B.A. degree from the University of Richmond and a J.D. from the University o
RICHMOND, Va.--(BUSINESS WIRE)--Tredegar Corporation (NYSE:TG) announced today that its board of directors has declared a special dividend of $200 million or $5.97 per share on the company’s common stock (the “Special Dividend”). The Special Dividend is payable on December 18, 2020 to shareholders of record at the close of business on December 11, 2020. John Steitz, Tredegar’s president and chief executive officer said, “The Special Dividend is a direct result of our strong cash generation that resulted in cash in excess of debt of $28 million at September 30, 2020, which increased further at the end of October with the closing on the sale of our Personal Care business for estimate
Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar")) today reported first quarter financial results for the period ended March 31, 2025. First quarter 2025 net income (loss) from continuing operations was $0.7 million ($0.02 per diluted share) compared to $2.6 million (0.08 per diluted share) in the first quarter of 2024. Net income (loss) from ongoing operations, which excludes special items, was $3.6 million ($0.10 per diluted share) in the first quarter of 2025 compared to $4.7 million ($0.14 per diluted share) in the first quarter of 2024. A reconciliation of net income (loss) from continuing operations, a financial measure calculated in accordance with U.S. generally acce
Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported second quarter financial results for the period ended June 30, 2024. Second quarter 2024 net income (loss) was $8.8 million ($0.26 per diluted share) compared to $(18.9) million ($(0.56) per diluted share) in the second quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $10.3 million ($0.30 per diluted share) in the second quarter of 2024 compared with $(2.0) million ($(0.06) per diluted share) in the second quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting principles (
Tredegar Corporation (NYSE:TG) plans to release financial results for the second quarter of 2024 on August 7, 2024. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2023 sales from continuing operations of $705 million. With approximately 1,900 employees, the Company operates manufacturing facilities in North America, South America, and Asia. Vi
Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported first quarter financial results for the period ended March 31, 2024. First quarter 2024 net income (loss) was $3.3 million ($0.10 per diluted share) compared to net income (loss) of $(1.0) million ($(0.03) per diluted share) in the first quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $5.6 million ($0.16 per diluted share) in the first quarter of 2024 compared with $2.5 million ($0.07 per diluted share) in the first quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting p
Tredegar Corporation (NYSE:TG) plans to release financial results for the fourth quarter of 2023 on March 15, 2024. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales from continuing operations of $939 million. With approximately 2,000 employees, the Company operates manufacturing facilities in North America, South America, and Asia. Vi
Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported third quarter financial results for the period ended September 30, 2023. Third quarter 2023 net income (loss) was $(50.4) million ($(1.47) per diluted share) compared to net income (loss) of $1.0 million ($0.03 per diluted share) in the third quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023 compared with $4.8 million ($0.14 per diluted share) in the third quarter of 2022. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted acc
Tredegar Corporation (NYSE:TG) plans to release financial results for the second quarter of 2023 on August 9, 2023. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales from continuing operations of $939 million. View source version on businesswire.com: https://www.businesswire.com/news/home/20230801555122/en/
Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported first quarter financial results for the period ended March 31, 2023. First quarter 2023 net income (loss) was $(1.0) million ($(0.03) per diluted share) compared to net income (loss) of $16.4 million ($0.49 per diluted share) in the first quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $2.5 million ($0.07 per diluted share) in the first quarter of 2023 compared with $16.8 million ($0.50 per diluted share) in the first quarter of 2022. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting
The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of thirteen cents ($0.13) per share on the company's common stock. The dividend is payable on July 3, 2023 to shareholders of record at the close of business on June 19, 2023. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales of $939 million. With app
Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar"))) today reported fourth quarter and full year financial results for the period ended December 31, 2022. Fourth quarter 2022 net income (loss) from continuing operations was $(3.9) million ($(0.11) per diluted share) compared to $21.4 million ($0.63 per diluted share) in the fourth quarter of 2021. Net income (loss) from ongoing operations, which excludes special items, was $0.5 million ($0.02 per diluted share) in the fourth quarter of 2022 compared to $6.2 million ($0.18 per diluted share) in the fourth quarter of 2021. Full year 2022 net income (loss) from continuing operations was $28.4 million ($0.84 per diluted share) c