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Tredegar Corporation (NYSE: TG), headquartered in North Chesterfield, Virginia, is a prominent player in the global manufacturing sector. The company operates through its subsidiaries, which specialize in the production of polyethylene plastic films, polyester films, and aluminum extrusions. With over 1,700 employees and 13 locations spanning North America, Europe, Asia, and South America, Tredegar serves a diverse range of markets and industries.
Tredegar Film Products, a key subsidiary, is a global leader in the plastic films industry. The company offers a wide array of capabilities in polyethylene, polypropylene, elastics, and polyester films. These products are essential in various applications, including personal care, electronic displays, food packaging, and lighting. Tredegar Film Products prides itself on its innovative research and development, enabling it to meet the evolving demands of global markets effectively. Their motto, “layers of confidence”™, underscores their commitment to quality and reliability.
Another significant segment of Tredegar's operations is its Aluminum Extrusions division, which generates the majority of the company's revenue. This division produces high-quality, soft-alloy, and medium-strength aluminum used in a range of applications, including building and construction, automotive, consumer durables, machinery and equipment, electrical, and distribution markets.
Tredegar Corporation's strategic focus on innovation and quality, combined with its extensive global footprint and local supply capabilities, positions it well for continued growth and success. The company is committed to expanding its reach in diverse markets worldwide, delivering reliable and high-performance products that meet the rigorous demands of its customers.
Recent Achievements and News:
- The company has recently strengthened its market presence with strategic partnerships and collaborations.
- Ongoing projects include the development of advanced films for electronic displays and sustainable packaging solutions.
- Financially, Tredegar maintains a robust position, with steady revenue streams from the United States, Asia, and Brazil.
For the latest updates and relevant information about Tredegar Corporation's performance, events, and developments, please stay tuned to our news section.
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.
Tredegar Corporation (NYSE:TG) is set to announce its Q2 2022 financial results on August 8, 2022. The company specializes in three primary areas: custom aluminum extrusions for North American construction and automotive markets, surface protection films for the electronics industry, and specialized polyester films for flexible packaging in Latin America. Tredegar reported $826 million in sales from continuing operations in 2021 and employs about 2,400 staff across its manufacturing facilities in North America, South America, and Asia.
Tredegar Corporation (NYSE:TG) reported a strong first quarter for 2022, with net income from continuing operations increasing to $16.5 million ($0.49 per diluted share), up from $9.6 million ($0.29 per diluted share) in Q1 2021. EBITDA from ongoing operations rose significantly to $23.9 million for Aluminum Extrusions, despite lower sales volume. Challenges included labor shortages and supply chain issues. Debt increased by $63.2 million, largely due to a $50 million pension plan contribution. Overall, the company remains optimistic with high booking levels and ongoing efforts to recover from prior sales declines.
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