NYSE$TG
Tredegar Corporation · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported financial results for the period ended June 30, 2020.
Tredegar Corporation reported favorable financial results for Q2 2020 despite the adverse impact of COVID-19, particularly on the aluminum extrusions business. The company's balance sheet remains strong, with cash exceeding debt.
- Second quarter 2020 net income was $11.2 million ($0.33 per share).
- Net income from ongoing operations was $14.1 million ($0.42 per share).
- EBITDA from ongoing operations for Aluminum Extrusions was $13.3 million.
- Cash exceeded debt by $5.9 million.
Headline financials
Revenue & EPS history
Tredegar · Revenue · Quarterly
$219M
Revenue by segment
Tredegar · $177M total across 2 segments · Q2 2020
- Aluminum Extrusions$106M—59.9%
- PE Films$71M—40.1%
Forward guidance
Bonnell Aluminum’s current projection for 2020, which accounts for the pandemic that is highly uncertain, includes sales volume of 170 million pounds and EBITDA from ongoing operations of $42 million. The Surface Protection component of PE Films had record performance for EBITDA from ongoing operations in the second quarter and first half of 2020, but is expecting a slowdown for the second half of the year, based on industry projections for products using flat panel displays and anticipated customer inventory corrections.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-1.0%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+2.4%
Avg return
30 days after
41%
26 / 64 earnings
Positive
+27.2%
Q4 2019
Best reaction
-20.9%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +1.0% | -21.4% | -23.3% | |
| Q3 2025 | +19.4% | +22.7% | +10.6% | |
| Q2 2025 | -0.1% | -7.1% | -3.9% | |
| Q1 2025 | -1.2% | +0.0% | +3.2% | |
| Q4 2024 | +0.0% | -2.7% | -5.6% | |
| Q3 2024 | -19.9% | -18.9% | -11.7% | |
| Q1 2024 | +2.0% | +3.0% | -16.0% | |
| Q4 2023 | +23.4% | +43.1% | +60.8% | |
| Q3 2023 | -3.3% | +6.8% | +5.5% | |
| Q2 2023 | -17.7% | -19.6% | -12.2% | |
| Q1 2023 | -15.0% | -19.3% | -17.5% | |
| Q4 2022 | -12.0% | -12.2% | -10.8% | |
| Q3 2022 | -5.4% | -7.8% | -2.0% | |
| Q2 2022 | +6.3% | +11.2% | -1.7% | |
| Q1 2022 | +0.4% | -2.5% | +9.3% | |
| Q4 2021 | +2.7% | +7.7% | +0.3% | |
| Q3 2021 | +3.9% | +3.5% | -9.3% | |
| Q2 2021 | +1.9% | +3.3% | +3.8% | |
| Q1 2021 | -4.2% | -4.0% | +1.4% | |
| Q4 2020 | -5.0% | -6.7% | -13.3% | |
| Q3 2020 | +11.8% | +7.8% | +58.7% | |
| Q2 2020 | +9.9% | +12.9% | +4.9% | |
| Q1 2020 | -13.1% | -14.0% | +2.3% | |
| Q4 2019 | +27.2% | +2.5% | +18.8% | |
| Q3 2019 | +4.5% | +6.7% | +8.6% | |
| Q2 2019 | +7.6% | +14.6% | +12.3% | |
| Q1 2019 | -1.2% | -4.4% | -6.0% | |
| Q4 2018 | +16.2% | +4.2% | +11.2% | |
| Q3 2018 | -18.1% | -20.3% | -21.9% | |
| Q2 2018 | -20.9% | -14.6% | -15.7% | |
| Q1 2018 | +7.7% | +9.9% | +35.5% | |
| Q4 2017 | -5.2% | +5.5% | +2.7% | |
| Q3 2017 | +1.9% | +1.6% | +5.6% | |
| Q2 2017 | +7.9% | +12.3% | +7.9% | |
| Q1 2017 | -1.8% | -1.2% | -2.4% | |
| Q4 2016 | -14.3% | -17.4% | -25.6% | |
| Q3 2016 | -5.1% | -6.5% | +20.5% | |
| Q2 2016 | -4.1% | -1.8% | +5.4% | |
| Q1 2016 | -3.2% | — | — | |
| Q4 2015 | +16.2% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | -15.0% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | -4.0% | — | — | |
| Q3 2014 | -5.6% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | -8.3% | — | — | |
| Q2 2013 | -6.8% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | +6.6% | — | — | |
| Q3 2012 | +15.8% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2011 | -12.2% | — | — | |
| Q1 2012 | +4.7% | — | — | |
| Q4 2009 | -8.8% | — | — | |
| Q4 2011 | -8.8% | — | — | |
| Q3 2011 | +7.2% | — | — | |
| Q3 2010 | +7.2% | — | — | |
| Q2 2011 | -7.7% | — | — | |
| Q2 2010 | -7.7% | — | — | |
| Q4 2010 | -7.7% | — | — | |
| Q2 2009 | -5.8% | — | — |
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