NYSE$TG
Tredegar Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a loss for the quarter due to severe market downturns and made strategic progress by agreeing to sell Terphane and settling the pension plan.
Tredegar Corporation reported a net loss of $(50.4) million for Q3 2023, compared to a net income of $1.0 million in Q3 2022. The results were impacted by market downturns in its business segments. The company is progressing with strategic initiatives, including an agreement to sell Terphane and settling its pension plan obligation.
- Net loss of $(50.4) million ($(1.47) per diluted share) in Q3 2023, compared to net income of $1.0 million ($0.03 per diluted share) in Q3 2022.
- EBITDA from ongoing operations for Aluminum Extrusions was $5.1 million, down from $12.1 million in the same quarter last year.
- EBITDA from ongoing operations for PE Films was $4.0 million, compared to $0.4 million in Q3 2022.
- EBITDA from ongoing operations for Flexible Packaging Films was $0.5 million, down from $7.8 million in Q3 2022.
Headline financials
Revenue & EPS history
Tredegar · Revenue · Quarterly
$166M
Revenue by segment
Tredegar · $129M total across 2 segments · Q3 2023
- Aluminum Extrusions$109M-32.3%84.6%
- PE Films$19.9M-0.6%15.4%
Forward guidance
The company anticipates lower Surface Protection sales volume in the fourth quarter of 2023, in line with typical seasonality.
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 Q3 2023
-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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