TREDEGAR CORP

Listed Company

TGCIK 0000850429NYSEAcceleratedSmaller ReportingRolling Drawing & Extruding Of Nonferrous MetalsVirginiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$33.48M

Total Assets

$371.37M

Equity

$216.55M

Shares Out

34.76M

Op. Cash Flow

$32.98M

Business

Tredegar Corporation manufactures aluminum extrusions and polyethylene and polypropylene (PE) plastic films through its consolidated subsidiaries. Its products include custom-fabricated and finished aluminum extrusions (mill, machined, anodized, painted, thermally improved) and branded lines such as Futura TransitionsTM and TSLOTSTM, plus PE surface protection and overwrap films sold under brands including UltraMask®, ForceField™ and Obsidian™. The company operates two reportable segments: Aluminum Extrusions (Bonnell Aluminum) and PE Films. Products are sold predominantly in the U.S. and Asia to fabricators, distributors, manufacturers and OEMs via direct sales and distribution channels.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	723	598	573	762	826
Other income (expense), net	1	−952,000	−2	1	20
Total revenues, net of other expenses	724	597	571	763	847
Selling, general and administrative	79	73	65	70	75
Research and development	702,000	711,000	3	5	6
Amortization of identifiable intangibles	2	2	2	2	2
Accrued pension and postretirement benefits	57,000	217,000	11	15	14
Interest and Debt Expense	4	5	6	4	3
Asset impairments and costs associated with exit and disposal activities, net of adjustments	855,000	613,000	5	622,000	1
OPEB termination gain	−6	0	0	—	—
Pension settlement loss and (gain) on Other Post-Retirement Benefits termination	0	0	92	0	0
Goodwill impairment	0	13	35	0	0
Total	694	596	722	753	780
Income (loss) from continuing operations before income taxes	31	880,000	−150	10	67
Income tax expense (benefit)	7	−200,000	−51	−3	9
Net income (loss) from continuing operations	24	1	−99	13	58
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	9	−66	−7	16	—
Net income (loss)	33	−65	−106	28	58
Continuing operations (in usd per share)	0.69	0.03	−2.91	0.37	1.72
Discontinued operations (in usd per share)	0.27	−1.91	−0.19	0.47	—
Earnings Per Share, Basic	0.96	−1.88	−3.1	0.84	1.72
Continuing operations (in usd per share)	0.69	0.03	−2.91	0.37	1.72
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	0.27	−1.91	−0.19	0.47	—
Net income (in usd per share)	0.96	−1.88	−3.1	0.84	1.72
Weighted Average Number of Shares Issued, Basic	35	34	34	34	34
Weighted Average Number of Shares Outstanding, Diluted, Adjustment	35	34	34	34	34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	7	7	10	19	31
Accounts and other receivables, net	82	65	56	85	103
Income taxes recoverable	47,000	0	1	733,000	3
Inventories	65	51	50	128	89
Prepaid expenses and other	16	17	9	10	11
Total current assets	169	140	177	243	236
Land and land improvements	4	5	5	5	5
Buildings	68	68	65	71	69
Machinery and equipment	437	427	426	456	424
Total property, plant and equipment	509	499	496	532	498
Less: accumulated depreciation	−376	−362	−345	−346	−328
Net property, plant and equipment	133	137	151	186	170
Right-of-use leased assets	13	15	11	14	14
Identifiable intangible assets, net	6	7	9	12	14
Goodwill	22	22	36	71	71
Deferred income tax assets	26	33	23	—	—
Other assets	2	2	3	3	2
Noncurrent assets of discontinued operations	0	126,000	36	—	0
Total assets	371	356	446	542	524
Accounts payable	76	65	69	115	124
Accrued expenses	25	22	19	32	33
Lease liability, short-term	2	2	2	2	2
Short-term debt	498,000	1	126	0	—
Income taxes payable	455,000	320,000	183,000	1	9
Current liabilities of discontinued operations	0	741,000	33	0	193,000
Total current liabilities	104	92	249	150	169
Lease liability, long-term	11	13	10	13	13
ABL revolving facility	35	61	0	137	73
Pension and other postretirement benefit obligations, net	1	6	7	35	78
Deferred income tax liabilities	0	69,000	0	—	—
Other non-current liabilities	4	4	4	6	6
Total liabilities	155	175	291	340	339
Contingencies (Note 14)	—	—	—	—	—
Common stock, no par value (authorized 150,000,000 shares, issued and outstanding 34,737,534 shares at December 31, 2025 and 34,661,272 at December 31, 2024)	65	64	62	59	55
Common stock held in trust for savings restoration plan (118,542 shares at December 31, 2025 and 118,543 shares at December 31, 2024)	−2	−2	−2	−2	−2
Foreign currency translation adjustment	6	5	−83	−86	−86
Gain (loss) on derivative financial instruments	1	268,000	801,000	−2	901,000
Pension and other postretirement benefit adjustments	−215,000	826,000	539,000	−59	−65
Retained earnings	147	113	178	293	281
Total shareholders equity	217	181	156	202	185
Total liabilities and shareholders equity	371	356	446	542	524

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	20	24	26	24	22
Amortization of identifiable intangibles	2	2	2	3	—
Goodwill impairment	0	13	35	0	0
Reduction of right-of-use lease asset	2	2	2	2	2
Deferred income taxes	6	−8	−56	544,000	−5
Accrued pension and postretirement benefits	161,000	217,000	11	15	14
Stock-based compensation expense	2	2	2	4	5
Gain on investment in kaleo	0	−144,000	−262,000	−1	−12
(Gain) loss on sale of divested business	10	−75	0	0	—
Production equipment asset impairment	843,000	0	0	—	—
Gain on the sale of assets	−1	0	0	—	—
Impairment of Richmond, Virginia Technical Center assets	0	0	3	0	0
Accounts and other receivables	−17	−15	17	19	−17
Inventories	−14	−7	48	−38	−23
Income taxes recoverable/payable	89,000	137,000	−406,000	−6	9
Prepaid expenses and other	2	−7	1	−3	4
Accounts payable and accrued expenses	14	10	−25	−15	20
Lease liability	−2	−3	−2	−2	−2
Pension and postretirement benefit plan contributions	−557,000	−587,000	−28	−51	−6
Other, net	2	2	3	870,000	310,000
Net cash provided by (used in) operating activities	33	26	24	−21	71
Capital expenditures	−17	−14	−26	−37	−27
Proceeds from the sale of kaleo	0	144,000	262,000	1	47
Net proceeds on sale of divested business	10	55	0	0	0
Proceeds from the sale of assets	2	83,000	0	10,000	5
Net cash provided by (used in) investing activities	−6	41	−26	−35	24
Borrowings	123	615	116	314	—
Repayments of Long-Term Lines of Credit	−150	−680	−108	−250	−137
Dividends paid	0	0	−9	−17	−16
Debt financing costs	−1	−587,000	−4	−1	0
Net cash provided by (used in) financing activities:	−28	−65	−4	45	−77
Effect of exchange rate changes on cash	347,000	−7	896,000	−371,000	484,000
Increase (decrease) in cash and cash equivalents	−333,000	−6	−6	−11	19
Interest payments	4	14	10	4	3
Income tax payments, net	3	12	2	11	5

Filings

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