Tredegar Corporation
- Open
- 7.30
- Day high
- 7.36
- Day low
- 7.22
- Prev close
- 7.33
- Volume
- 115K
- Mkt cap
- $255M
- P/E (TTM)
- 8.7
- EPS (TTM)
- $0.84
- P/B
- 1.1
- P/S
- 0.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$2.9M over the last 3 months (1 open-market buy, 55 sales)
- 🏛Institutions accumulating (13F)
Tredegar Corporation (TG) is a Industrials company listed on NYSE. The stock is down 19% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 55 sales (SEC Form 4).
Tredegar Corporation (TG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | — | $0.15 | — | $186M | — |
| Mar 11, 2026 | — | $0.32 | — | $184M | — |
| Nov 7, 2025 | — | $0.26 | — | $195M | — |
| Aug 8, 2025 | — | $0.05 | — | $179M | — |
| May 8, 2025 | — | $0.10 | — | $165M | — |
| Mar 12, 2025 | — | $0.06 | — | $50M | — |
| Nov 8, 2024 | — | $0.01 | — | $182M | — |
| May 9, 2024 | — | $0.16 | — | $176M | -79.2% |
| Mar 15, 2024 | — | $-0.01 | — | $169M | -80.0% |
| Nov 9, 2023 | — | $-0.15 | — | $166M | -80.3% |
| Mar 16, 2023 | — | $0.02 | — | $189M | -77.6% |
| Mar 11, 2022 | — | $0.18 | — | $221M | -73.9% |
TG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Parks Daviddirector | Grant | 2,895 | $7.77 |
| Jul 2, 2026 | VLAHCEVIC CHRISTINE Rdirector | Grant | 2,895 | $7.77 |
| Jul 2, 2026 | Boiter Cynthiadirector | Grant | 1,718 | $7.77 |
| Jul 2, 2026 | HANIFORD JOSEPH Edirector | Grant | 1,272 | $7.77 |
| Jul 2, 2026 | PRATT GREGORY Adirector | Grant | 3,941 | $7.77 |
| Jun 15, 2026 | Gottwald James T.10 percent owner | Sell | 6,152 | $8.00 |
| Jun 15, 2026 | GOTTWALD WILLIAM M10 percent owner | Sell | 20,145 | $8.16 |
| Jun 15, 2026 | GOTTWALD WILLIAM M10 percent owner | Sell | 6,152 | $8.00 |
| Jun 15, 2026 | GOTTWALD JOHN D10 percent owner | Sell | 6,152 | $8.00 |
| Jun 15, 2026 | GOTTWALD JOHN D10 percent owner | Sell | 20,146 | $8.16 |
| Jun 15, 2026 | Gottwald James T.10 percent owner | Sell | 20,146 | $8.16 |
| Jun 11, 2026 | GOTTWALD JOHN D10 percent owner | Sell | 15,808 | $8.04 |
| Jun 11, 2026 | GOTTWALD WILLIAM M10 percent owner | Sell | 2,350 | $8.00 |
| Jun 11, 2026 | GOTTWALD JOHN D10 percent owner | Sell | 2,351 | $8.00 |
| Jun 11, 2026 | GOTTWALD WILLIAM M10 percent owner | Sell | 15,809 | $8.04 |
Source: TG SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full TG insider & 13F page →Tredegar Corporation company profile
Overview
Tredegar Corporation (NYSE:TG) is a diversified manufacturing company founded in 1955 and headquartered in Richmond, Virginia. The company went public in 1989 and operates as a specialty manufacturer producing aluminum extrusions and various polymer films for industrial and consumer applications. Through its three primary business segments, Tredegar serves markets ranging from construction and automotive to electronics and food packaging across the United States and internationally.
Business
Tredegar operates in the specialty manufacturing industry, producing engineered materials for diverse end markets through three distinct business segments: Aluminum Extrusions represents the company's largest segment, manufacturing custom fabricated aluminum profiles used in building construction, automotive components, consumer durables, and renewable energy applications. Aluminum extrusion is a process where heated aluminum is forced through shaped dies to create complex cross-sectional profiles that are lighter and more corrosion-resistant than steel alternatives. The segment produces both standard mill finishes and value-added anodized and painted products, serving fabricators, distributors, and original equipment manufacturers. PE Films focuses on polyethylene film manufacturing, with a primary emphasis on surface protection films for electronic displays. The segment's flagship products include UltraMask, ForceField, and Pearl-branded films that protect flat panel displays during manufacturing, shipping, and installation processes. These ultra-thin protective films are critical for preventing scratches and contamination on screens used in televisions, smartphones, tablets, and other electronic devices. The segment also produces thin-gauge films for consumer products like bathroom tissue overwrap. Flexible Packaging Films manufactures polyester-based films under the Terphane, Ecophane, and Sealphane brands. These films serve food packaging applications where barrier properties, clarity, and printability are essential, as well as industrial applications requiring chemical resistance and dimensional stability. Polyester films offer superior strength and temperature resistance compared to other plastic films, making them suitable for demanding packaging requirements. Based on historical revenue patterns, Aluminum Extrusions typically generates approximately 45-50% of total revenues, PE Films contributes 25-30%, and Flexible Packaging Films accounts for 20-25% of the company's business mix.
Revenue model
Tredegar generates revenue primarily through direct product sales to industrial customers, distributors, and original equipment manufacturers. The company operates on a business-to-business model where it manufactures engineered materials to customer specifications and industry standards. The Aluminum Extrusions segment monetizes through custom fabrication services, selling finished aluminum profiles at prices that reflect both raw aluminum costs plus conversion margins. Revenue depends heavily on construction and automotive industry demand, with pricing influenced by underlying aluminum commodity costs and manufacturing capacity utilization. The PE Films segment operates on higher-margin specialty film sales, particularly for electronic display protection applications where technical performance commands premium pricing. This segment benefits from the continued growth in electronic device manufacturing but faces margin pressure from raw material cost fluctuations and competitive dynamics in Asia. The Flexible Packaging Films segment generates revenue through sales of polyester films to food packaging converters and industrial users, with pricing tied to both raw material costs and technical specifications required by end applications. Several factors significantly impact Tredegar's profitability margins. Raw material costs, particularly aluminum, polyethylene, and polyester resin prices, directly affect input costs and margin compression when the company cannot immediately pass through price increases. Economic cycles in construction, automotive, and electronics manufacturing create demand volatility that impacts capacity utilization and fixed cost absorption. Competition from lower-cost international producers, particularly in commodity-grade products, pressures pricing power. Additionally, energy costs significantly impact manufacturing operations, while currency fluctuations affect international sales and raw material sourcing costs.
Competitive moat
Tredegar's competitive moat is relatively narrow and primarily derived from technical expertise and customer relationships rather than structural advantages. The company's strongest positioning exists in specialized applications where technical performance and reliability are critical, such as electronic display protection films and custom aluminum extrusions for specific industrial applications. In the PE Films segment, Tredegar has developed proprietary formulations and manufacturing processes for display protection films that provide some differentiation. However, this advantage is not insurmountable, as competitors can develop alternative solutions and Asian manufacturers continue to expand capabilities while offering lower prices. The Aluminum Extrusions business benefits from customer relationships and technical service capabilities, but operates in a fragmented industry with numerous competitors. The company's ability to provide custom fabrication and finishing services creates some customer stickiness, though switching costs are generally low. The Flexible Packaging Films segment faces the most competitive pressure, operating in a mature market with established global competitors who often have greater scale advantages and lower cost structures. Overall, Tredegar lacks strong structural moats such as network effects, high switching costs, or regulatory barriers. The company is vulnerable to competition from larger, lower-cost producers and faces ongoing pressure from customers seeking price reductions. The specialty nature of some applications provides modest protection, but this advantage could erode over time as competitors develop similar capabilities or alternative technologies emerge.
Risks & safety
Tredegar's margin of safety appears limited based on recent financial performance and balance sheet metrics: • Cash and Liquidity: Low cash position of $3.7 million as of Q1 2025, down from $7.1 million in Q4 2024, indicating tight liquidity management • Debt Levels: Moderate debt-to-equity ratio of 0.08 as of Q1 2025, significantly improved from 0.43 in Q4 2024, suggesting recent debt reduction efforts • Profitability Concerns: Inconsistent earnings with net losses in 2023 (-$106 million) and 2024 (-$65 million), though Q1 2025 showed positive net income of $10.1 million • Cash Flow: Negative free cash flow of -$8.0 million in Q1 2025, though full-year 2024 generated positive $11.2 million in free cash flow • Valuation Metrics: Trading at 6.6x trailing P/E ratio and 1.4x book value, appearing potentially undervalued if earnings stabilize • Working Capital: Current ratio of 1.56 provides adequate short-term liquidity coverage • Operational Risk: Cyclical business model with exposure to construction, automotive, and electronics demand fluctuations creates earnings volatility
Recent development
Based on the available financial data, Tredegar has undergone significant operational challenges and restructuring efforts over the past few years. The company experienced substantial losses in 2023 and 2024, totaling over $170 million in combined net losses, indicating major operational or strategic difficulties. The most notable development appears to be a significant balance sheet restructuring, with total assets declining from $542 million in 2022 to $356 million by the end of 2024, suggesting potential asset sales or writedowns. The company's debt position improved substantially, with the debt-to-equity ratio falling from over 1.0 in 2023-2024 to just 0.08 by Q1 2025, indicating either debt paydown or equity restructuring. Revenue has declined significantly from $939 million in 2022 to $597 million in 2024, representing a 36% decrease over two years. This revenue contraction, combined with the substantial losses, suggests the company may have exited certain business lines, lost major customers, or faced severe market headwinds. The Q1 2025 results show some stabilization with positive net income of $10.1 million on $165 million in quarterly revenue, though this represents a significant reduction in business scale compared to historical levels. The company appears to be operating as a smaller, more focused entity following what seems to have been a major restructuring period. Without access to detailed earnings call transcripts, the specific strategic initiatives, asset sales, or operational changes driving these dramatic financial shifts remain unclear, but the data suggests Tredegar has undergone substantial transformation in recent years.
TG company profile · for informational purposes only — not investment advice.
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