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% | -151.8% |
| 2024 | $598M | $31M | $-65M | $11M | -35.7% | 4.3% | -39.0% |
| 2023 | $573M | $-116M | $-106M | $-2M | -68.0% | -24.8% | -472.2% |
| 2022 | $762M | $40M | $28M | $-58M | 14.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 761.98 | 573.32 | 598.02 | 722.86 |
| Operating Revenue | - | 761.98 | 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 |
| Research And Development | - | 5.32 | 2.89 | 0.71 | 0.70 |
| Selling General And Administration | - | 84.18 | 76.23 | 73.19 | 79.09 |
| Total Expenses | - | 748.72 | 583.08 | 577.64 | 695 |
| Operating Income | - | 13.27 | -9.76 | 20.38 | 27.86 |
| EBITDA | - | 40.11 | -116.47 | 31.08 | 56.40 |
| Normalized EBITDA | - | 40.73 | 15.78 | 44.96 | 50.99 |
| EBIT | - | 13.70 | -144.15 | 5.54 | 34.67 |
| Interest Expense | - | 4.14 | 6.32 | 4.66 | 4 |
| Net Interest Income | - | -4.14 | -6.32 | -4.66 | -4 |
| Other Non Operating Income Expenses | - | 1.06 | -2.15 | -0.95 | 1.40 |
| Other Income Expense | - | 0.44 | -134.39 | -14.84 | 6.81 |
| Interest Expense Non Operating | - | 4.14 | 6.32 | 4.66 | 4 |
| Net Non Operating Interest Income Expense | - | -4.14 | -6.32 | -4.66 | -4 |
| Pretax Income | - | 9.56 | -150.46 | 0.88 | 30.67 |
| Tax Provision | - | -3.02 | -51.30 | -0.16 | 6.58 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.08 | -45.09 | -2.92 | 1.16 |
| Net Income Continuous Operations | - | 12.58 | -99.16 | 1.04 | 24.08 |
| Net Income From Continuing And Discontinued Operation | - | 28.46 | -105.90 | -64.56 | 33.48 |
| Net Income From Continuing Operation Net Minority Interest | - | 12.58 | -99.16 | 1.04 | 24.08 |
| Net Income | - | 28.46 | -105.90 | -64.56 | 33.48 |
| Net Income Common Stockholders | - | 28.46 | -105.90 | -64.56 | 33.48 |
| Net Income Including Noncontrolling Interests | - | 28.46 | -105.90 | -64.56 | 33.48 |
| Normalized Income | - | 13.12 | -12.02 | 12.01 | 19.84 |
| Diluted NI Availto Com Stockholders | - | 28.46 | -105.90 | -64.56 | 33.48 |
| Basic Average Shares | - | 33.81 | 34.13 | 34.35 | 34.74 |
| Diluted Average Shares | - | 33.83 | 34.13 | 34.35 | 34.74 |
| Reconciled Depreciation | - | 26.40 | 27.68 | 25.54 | 21.73 |
| Reconciled Cost Of Revenue | - | 632.81 | 476.27 | 478.21 | 593.48 |
| 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 Discontinuous Operations | - | 15.87 | -6.74 | -65.61 | 9.39 |
| Special Income Charges | - | -0.62 | -132.24 | -13.88 | 5.41 |
| Gain On Sale Of Business | 12.78 | 0 | 0.26 | - | - |
| Other Special Charges | 0.62 | 0.35 | 92.29 | - | -6.26 |
| Write Off | - | 0.62 | 5.06 | 0.61 | 0.86 |
| Impairment Of Capital Assets | - | 0 | 34.89 | 13.27 | 0 |
| Gain On Sale Of Security | 12.78 | 1.41 | - | - | - |
| 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 |
| 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 |
| Gain On Sale Of Ppe | 0.38 | - | - | - | - |
| Amortization | - | 2.12 | 1.76 | 1.78 | 1.76 |
| Amortization Of Intangibles Income Statement | - | 2.12 | 1.76 | 1.78 | 1.76 |
| Other Taxes | -8.49 | 0 | 0 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tredegar Corporationthis co. | TG | $277M | 8.28β discount | 1.28 | 15.5% | 5.65 |
| Public Policy Holding Company, Inc. | PPHC | $306M | -7.83 | 4.08 | -52.1% | -18.14 |
| Omega Flex, Inc. | OFLX | $304M | 20.51 | 3.61 | 17.6% | 13.97 |
| AerSale Corporation | ASLE | $300M | 34.99 | 0.71 | 2.0% | 12.35 |
| CompX International Inc. | CIX | $298M |
| - |
| - |
| - |
| - |
| - |
| 15.30 |
| 2.15 |
| 14.1% |
| 9.29 |
| NL Industries, Inc. | NL | $296M | -7.83 | 0.83 | -10.5% | -3.96 |
| AIRO Group Holdings, Inc. | AIRO | $295M | -71.79 | 0.40 | -0.6% | 8.94 |
| Energy Services of America Corporation | ESOA | $288M | 757.77 | 4.86 | 0.6% | 20.45 |
| PAMT CORP | PAMT | $280M | - | 1.33 | -25.0% | 17.44 |
| Peer Median | - | 15.30 | 1.74 | 0.0% | 10.82 | |