Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, and polyethylene and polypropylene plastic films in the United States and internationally. It operates through Aluminum Extrusions and High performance films segments. The Aluminum Extrusions segment produces soft and medium strength alloyed, custom fabricated, and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durable goods, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, machined, anodized and painted and thermally improved aluminum extrusions to fabricators and distributors. This segment also manufactures and sells products, such as flooring trims under the Futura Transitions brand name; and structural aluminum framing systems under the TSLOTS brand name. The High performance films segment produces surface protection films used for protecting components of flat panel and flexible displays that are used in televisions, monitors, notebooks, smart phones, tablets, e-readers, electronic shelf labels, and automobiles under the UltraMask, ForceField, ForceField PEARL, Pearl A, and Obsidian brands. This segment provides adcanved packaging films for bathroom tissue and paper towels and films for other markets. The company was incorporated in 1988 and is headquartered in Richmond, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $723M | $56M | $33M | $16M | 15.5% | 20.9% | - |
| 2024 | $598M | $31M | $-65M | $11M | -35.7% | 4.3% | - |
| 2023 | $573M | $-116M | $-106M | $-2M | -68.0% | -24.8% | -472.2% |
| 2022 | $762M | $40M | $28M | $-58M | 14.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 761.99 | 573.32 | 598.02 | 722.86 |
| Cost Of Revenue | 657.09 | 502.20 | 501.97 | 613.45 |
| Gross Profit | 104.89 | 71.13 | 96.06 | 109.41 |
| Operating Expense | 91.63 | 80.88 | 75.68 | 81.55 |
| Operating Income | 13.27 | -9.76 | 20.38 | 27.86 |
| EBITDA | 40.11 | -116.47 | 31.08 | 56.40 |
| EBIT | 13.71 | -144.15 | 5.54 | 34.67 |
| Pretax Income | 9.56 | -150.47 | 0.88 | 30.67 |
| Tax Provision | -3.02 | -51.30 | -0.17 | 6.58 |
| Net Income | 28.45 | -105.91 | -64.56 | 33.48 |
| Net Income Common Stockholders | 28.45 | -105.91 | -64.56 | 33.48 |
| Total Expenses | 748.72 | 583.08 | 577.64 | 695 |
| Interest Expense | 4.14 | 6.32 | 4.66 | 4 |
| Research And Development | 5.32 | 2.89 | 0.71 | 0.70 |
| Selling General And Administration | 84.18 | 76.23 | 73.19 | 79.09 |
| Normalized EBITDA | 40.73 | 15.78 | 44.97 | 50.99 |
| Normalized Income | 13.12 | -12.02 | 12.01 | 19.84 |
| Basic EPS | 0.84 | -3.10 | -1.88 | 0.96 |
| Diluted EPS | 0.84 | -3.10 | -1.88 | 0.96 |
| Tax Effect Of Unusual Items | -0.08 | -45.09 | -2.92 | 1.16 |
| Tax Rate For Calcs | 0.13 | 0.34 | 0.21 | 0.21 |
| Total Unusual Items | -0.62 | -132.24 | -13.88 | 5.41 |
| Total Unusual Items Excluding Goodwill | -0.62 | -132.24 | -13.88 | 5.41 |
| Net Income From Continuing Operation Net Minority Interest | 12.59 | -99.17 | 1.04 | 24.09 |
| Reconciled Depreciation | 26.40 | 27.68 | 25.54 | 21.73 |
| Reconciled Cost Of Revenue | 632.81 | 476.27 | 478.21 | 593.48 |
| Net Interest Income | -4.14 | -6.32 | -4.66 | -4 |
| Net Income From Continuing And Discontinued Operation | 28.45 | -105.91 | -64.56 | 33.48 |
| Diluted Average Shares | 33.83 | 34.13 | 34.35 | 34.74 |
| Basic Average Shares | 33.81 | 34.13 | 34.35 | 34.74 |
| Diluted NI Availto Com Stockholders | 28.45 | -105.91 | -64.56 | 33.48 |
| Net Income Including Noncontrolling Interests | 28.45 | -105.91 | -64.56 | 33.48 |
| Net Income Discontinuous Operations | 15.87 | -6.74 | -65.61 | 9.39 |
| Net Income Continuous Operations | 12.59 | -99.17 | 1.04 | 24.09 |
| Other Income Expense | 0.44 | -134.39 | -14.84 | 6.81 |
| Other Non Operating Income Expenses | 1.06 | -2.15 | -0.95 | 1.40 |
| Special Income Charges | -0.62 | -132.24 | -13.88 | 5.41 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Gain On Sale Of Business | 0 | 0.26 | 0 | 0 |
| Other Special Charges | 0.35 | 92.29 | 0 | -6.26 |
| Write Off | 0.62 | 5.06 | 0.61 | 0.85 |
| Impairment Of Capital Assets | 0 | 34.89 | 13.27 | 0 |
| Gain On Sale Of Security | 1.41 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -4.14 | -6.32 | -4.66 | -4 |
| Interest Expense Non Operating | 4.14 | 6.32 | 4.66 | 4 |
| Other Taxes | 0 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 2.12 | 1.76 | 1.78 | 1.76 |
| Depreciation And Amortization In Income Statement | 2.12 | 1.76 | 1.78 | 1.76 |
| Amortization | 2.12 | 1.76 | 1.78 | 1.76 |
| Amortization Of Intangibles Income Statement | 2.12 | 1.76 | 1.78 | 1.76 |
| General And Administrative Expense | 84.18 | 76.23 | 73.19 | 79.09 |
| Other Gand A | 69.61 | 65.39 | 72.97 | 79.03 |
| Salaries And Wages | 14.57 | 10.84 | 0.22 | 0.06 |
| Operating Revenue | 761.99 | 573.32 | 598.02 | 722.86 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tredegar Corporationthis co. | TG | $327M | 13.67β discount | 1.48 | 15.5% | 6.25 |
| Kelly Services, Inc. | KELYA | $351M | - | 0.34 | -26.0% | 4.73 |
| Wabash National Corporation | WNC | $339M | 1.64 | 0.92 | 57.4% | 2.07 |
| Omega Flex, Inc. | OFLX | $339M | 22.82 | 4.02 | 17.6% | 15.85 |
| SBC Medical Group Holdings Incorporated | SBC | $339M |
| 6.60 |
| 1.36 |
| 19.4% |
| 3.44 |
| L.B. Foster Company | FSTR | $320M | 44.36 | 1.77 | 4.3% | 10.12 |
| AerSale Corporation | ASLE | $313M | 36.83 | 0.74 | 2.0% | 12.77 |
| Energy Services of America Corporation | ESOA | $303M | 124.92 | 4.45 | 0.6% | 14.70 |
| Aspen Aerogels, Inc. | ASPN | $299M | - | 1.27 | -165.4% | -45.85 |
| Peer Median | - | 29.82 | 1.32 | 3.2% | 7.43 | |