Tredegar Corporation (TG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 22	—	$0.14	—	—	$238.5M	—
Q2 22	—	$0.51	—	—	$274.4M	—
Q1 22	—	$0.5	—	—	$236.6M	—
Q4 21	—	$0.18	—	—	$221M	—
Q3 21	—	$0.22	—	—	$209.5M	—
Q2 21	—	$0.48	—	—	$211.1M	—
Q1 21	—	$0.3	—	—	$184.8M	—
Q4 20	—	$0.29	—	—	$192.5M	—
Q3 20	—	$0.39	—	—	$184.4M	—
Q2 20	—	$0.42	—	—	$186.3M	—
Q1 20	—	$0.34	—	—	$192.1M	—
Q4 19	—	$0.22	—	—	$232.4M	—
Q3 19	—	$0.34	—	—	$206M	—
Q2 19	—	$0.35	—	—	$248.2M	—
Q1 19	—	$0.22	—	—	$248.5M	—
Q4 18	—	$0.43	—	—	$275.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.96	—	—	$722.9M	—
FY24	—	-$1.88	—	—	$598M	—
FY23	—	-$3.1	—	—	$704.8M	—
FY22	—	$0.84	—	—	$938.6M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$828.3M	$961.3M	$851.8M	$826.3M	$755.3M	$826.5M	$938.6M	$704.8M	$598M	$722.9M
YoY change	-7.57%	+16.1%	-11.4%	-2.99%	-8.6%	+9.42%	+13.6%	-24.9%	-15.2%	+20.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	828.3M	961.3M	851.8M	826.3M	755.3M	826.5M	938.6M	704.8M	598M	722.9M
Cost of revenue	688.9M	801.2M	706.8M	670.1M	584.7M	677.9M	799M	626M	502M	613.5M
Gross profit	139.4M	160.1M	145M	156.2M	170.6M	148.5M	139.5M	78.8M	96.1M	109.4M
Gross margin	16.8%	16.7%	17%	18.9%	22.6%	18%	14.9%	11.2%	16.1%	15.1%
Research & development	19.1M	18.3M	6.7M	7.9M	8.4M	6.3M	6.2M	3.8M	711K	702K
Selling, general & administrative	84.5M	93.6M	78.3M	86.2M	99M	89.1M	93.4M	89.1M	73.2M	79.1M
Operating expenses	103.6M	111.9M	85M	94.1M	107.4M	95.5M	99.6M	92.8M	73.9M	79.8M
Operating income	31.8M	42M	56M	48.5M	60.3M	59.8M	37.4M	-15.9M	20.4M	27.9M
Operating margin	3.84%	4.37%	6.58%	5.87%	7.98%	7.24%	3.99%	-2.26%	3.41%	3.85%
Non-operating income, net	-303K	-50.8M	30.1M	27.6M	-82.7M	10.7M	387K	-132.5M	-14.8M	6.8M
Pretax income	27.7M	-14.9M	80.4M	72M	-25M	67.1M	32.8M	-160M	880K	30.7M
Income tax	3.2M	-53.2M	18.8M	13.5M	-8.2M	9.3M	4.4M	-54.1M	-165K	6.6M
Net income	24.5M	38.3M	24.8M	48.3M	-75.4M	57.8M	28.5M	-105.9M	-64.6M	33.5M
Net margin	2.95%	3.98%	2.92%	5.84%	-9.99%	7%	3.03%	-15%	-10.8%	4.63%
EBITDA	64.2M	83.1M	89.7M	92.6M	90.3M	83.3M	63.8M	11.4M	45M	51M
EPS	0.75	1.16	0.75	1.45	-2.26	1.72	0.84	-3.1	-1.88	0.96
Diluted EPS	0.75	1.16	0.75	1.45	-2.26	1.72	0.84	-3.1	-1.88	0.96

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	166.2M	169.3M	175.7M	190.2M	182.1M	50M	164.7M	179.1M	194.9M	184.1M	186.5M	216.2M
Cost of revenue	151.3M	148.7M	148.7M	155.7M	158.8M	38.8M	141.2M	154.7M	163.8M	153.8M	163M	187.3M
Gross profit	14.9M	20.6M	27M	34.5M	23.3M	11.3M	23.5M	24.4M	31.1M	30.3M	23.5M	29M
Gross margin	8.98%	12.2%	15.4%	18.1%	12.8%	22.5%	14.3%	13.6%	16%	16.5%	12.6%	13.4%
Research & development	794K	386K	352K	167K	475K	-283K	165K	193K	147K	198K	177K	178K
Selling, general & administrative	24.5M	21.9M	18.3M	19.9M	21.8M	13.1M	20.6M	20.6M	20.3M	17.6M	16.5M	20.1M
Operating expenses	25.3M	22.2M	18.7M	20.1M	22.3M	12.8M	20.8M	20.8M	20.4M	17.8M	16.6M	20.3M
Operating income	-10.8M	-2.1M	7.9M	13.9M	504K	-1.9M	2.3M	3.2M	10.3M	12.1M	6.4M	8.2M
Operating margin	-6.5%	-1.24%	4.49%	7.3%	0.28%	-3.84%	1.39%	1.79%	5.29%	6.55%	3.44%	3.8%
Non-operating income, net	-49.8M	-67.5M	-499K	243K	-22K	-14.6M	-28K	1.4M	-414K	5.9M	38K	31K
Pretax income	-63.7M	-73.4M	3.9M	10.8M	-3M	-10.8M	1.2M	2.8M	9.1M	17.5M	6.1M	7.8M
Income tax	-13.3M	-37.8M	657K	2M	948K	-3.7M	577K	984K	2M	3M	1M	1.7M
Net income	-50.4M	-35.6M	3.3M	8.8M	-3.9M	-72.7M	10.1M	1.7M	7.1M	14.6M	5.7M	6M
Net margin	-30.3%	-21%	1.87%	4.62%	-2.17%	-145.4%	6.13%	0.97%	3.63%	7.92%	3.04%	2.78%
EBITDA	-3.3M	4.3M	14.6M	20.8M	7M	2.6M	7.8M	10M	15.8M	17.4M	11.8M	13.7M
EPS	-1.47	—	0.1	0.26	-0.11	-2.12	0.29	0.05	0.2	0.42	0.17	0.17
Diluted EPS	-1.47	—	0.1	0.26	-0.11	-2.12	0.29	0.05	0.2	0.42	0.17	0.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	786.3M	632.6M	524.5M	742.8M	557.8M	396.7M	345.5M	184.7M	263.8M	249.4M	244.8M
Enterprise value	851.8M	748.1M	591.6M	773.2M	697M	454.2M	478M	334.4M	334.1M	290.9M	285.1M
Shares outstanding	32.8M	32.9M	33.1M	33.2M	33.4M	33.6M	33.8M	34.1M	34.3M	34.7M	34.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	32.1	16.5	21.1	15.4	—	6.86	12.1	—	—	7.45	7.48
P/S	0.95	0.66	0.62	0.9	0.74	0.48	0.37	0.26	0.44	0.35	0.31
P/B	2.53	1.84	1.48	1.97	5.11	2.15	1.71	1.19	1.46	1.15	1.05
EV/EBITDA	13.3	9	6.6	8.35	7.71	5.46	7.49	29.4	7.43	5.71	4.57
EV/Sales	1.03	0.78	0.69	0.94	0.92	0.55	0.51	0.47	0.56	0.4	0.36
Earnings yield	3.11%	6.05%	4.74%	6.5%	—	14.6%	8.24%	—	—	13.4%	13.4%
FCF yield	0.43%	6.93%	10.9%	8.75%	9.15%	10.9%	-16.7%	-1.33%	4.23%	6.31%	6.52%
PEG	—	—	—	—	—	—	—	—	—	—	0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.8%	16.7%	17%	18.9%	22.6%	18%	14.9%	11.2%	16.1%	15.1%	13.4%
Operating margin	3.84%	4.37%	6.58%	5.87%	7.98%	7.24%	3.99%	-2.26%	3.41%	3.85%	4.05%
Net margin	2.95%	3.98%	2.92%	5.84%	-9.99%	7%	3.03%	-15%	-10.8%	4.63%	4.26%
ROE	7.87%	11.1%	7%	12.8%	-69.2%	31.3%	14.1%	-68%	-35.7%	15.5%	15.5%
ROA	3.76%	5.06%	3.51%	6.77%	-14.7%	11%	5.25%	-23.7%	-18.1%	9.01%	6.5%
ROIC	7.47%	9.15%	10.2%	9.67%	24.3%	21.3%	9.7%	-5.22%	8.11%	8.48%	11%
Return on tangible assets	7.02%	9.15%	5.26%	9.56%	-22.1%	16.3%	7.54%	-29.8%	-21.8%	10.6%	9.29%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.74	1.88	1.73	1.53	1.34	1.4	1.62	0.71	1.52	1.62	1.73
Quick ratio	1.18	1.31	1.13	1.11	0.87	0.88	0.77	0.38	0.96	1	1.01
Debt / equity	0.31	0.44	0.29	0.16	1.38	0.48	0.75	1.02	0.43	0.22	0.27
Debt / assets	0.15	0.2	0.14	0.09	0.29	0.17	0.28	0.36	0.22	0.13	0.15
Net debt / EBITDA	1.02	1.39	0.75	0.33	1.54	0.69	2.08	13.2	1.56	0.81	0.74
Interest coverage	8.27	-1.42	15.1	18.8	-8.68	20.8	7.58	-12.8	1.19	8.66	21
Effective tax rate	11.6%	0%	23.4%	18.8%	0%	13.8%	13.4%	0%	0%	21.5%	19.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	25.3	29.2	25.8	24.9	22.6	24.6	27.8	20.6	17.4	20.8	22.5
EPS (basic)	0.75	1.16	0.75	1.45	-2.26	1.72	0.84	-3.1	-1.88	0.96	0.96
EPS (diluted)	0.75	1.16	0.75	1.45	-2.26	1.72	0.84	-3.1	-1.88	0.96	0.94
Book value per share	9.49	10.4	10.7	11.3	3.26	5.5	5.97	4.56	5.27	6.23	6.67
FCF per share	0.1	1.33	1.72	1.96	1.53	1.29	-1.71	-0.07	0.32	0.45	0.65
Cash per share	0.9	1.11	1.04	0.95	0.35	0.91	0.57	0.28	0.21	0.19	0.5
Capex per share	—	—	—	—	—	—	—	—	—	0.5	0.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	2.39%	2.67%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	52.3%	48%
Payout ratio	59.1%	38%	58.7%	31.8%	-286.4%	28%	59.7%	-8.39%	0%	0%	0%
Dividend yield	1.84%	2.3%	2.78%	2.06%	38.7%	4.08%	4.91%	4.81%	0%	0%	7.38%

Yield

7.38%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.13

ex-dividend Jun 15, 2023

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 15, 2023	$0.13
Mar 23, 2023	$0.13
Dec 15, 2022	$0.13

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$166.2M	$169.3M	$175.7M	$190.2M	$182.1M	$50M	$164.7M	$179.1M	$194.9M	$184.1M	$186.5M	$216.2M
YoY change	-30.3%	-10.5%	-8.05%	+6.77%	+9.54%	-70.5%	-6.26%	-5.84%	+7.08%	+268.1%	+13.2%	+20.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	29.5M	36.5M	34.4M	31.4M	11.8M	30.5M	19.2M	9.7M	7.1M	6.7M
Receivables	91.1M	113.6M	122.2M	88.8M	85.3M	102.1M	83.7M	67.2M	64.1M	80M
Inventory	66.1M	86.9M	93.8M	64.2M	66.4M	88.6M	127.8M	82M	51.4M	65M
Total current assets	208.2M	283.8M	269.3M	233.2M	188.4M	236.4M	242.6M	176.7M	139.8M	169.1M
Property, plant & equipment	134.7M	121.8M	127M	127.7M	116.2M	114.8M	129.3M	122.1M	83.8M	77.6M
Goodwill & intangibles	302.8M	337.5M	235.4M	208.1M	173.1M	169.5M	164.6M	91.1M	59.5M	56M
Total assets	651.2M	755.7M	707.4M	712.7M	514.9M	523.6M	542.1M	446.5M	356.4M	371.4M
Accounts payable	81.3M	108.4M	112.8M	87.3M	89.7M	123.8M	114.9M	95M	64.7M	75.8M
Short-term debt	—	—	—	2.4M	2.1M	2.2M	2M	128.4M	3.8M	2.8M
Total current liabilities	120M	150.8M	155.3M	152.5M	140.8M	168.5M	149.7M	249.1M	91.7M	104.4M
Long-term debt	95M	152M	101.5M	59.3M	148.9M	85.8M	149.7M	30.9M	73.6M	45.5M
Total liabilities	340.4M	412M	352.5M	335.9M	405.8M	338.9M	340.3M	290.8M	175.4M	154.8M
Shareholders' equity	310.8M	343.8M	354.9M	376.7M	109.1M	184.7M	201.8M	155.7M	181M	216.6M
Total debt	95M	152M	101.5M	61.8M	151M	88M	151.8M	159.4M	77.4M	48.3M
Net debt	65.5M	115.5M	67.1M	30.3M	139.2M	57.5M	132.5M	149.7M	70.3M	41.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	13.3M	6.7M	15.6M	17.2M
Receivables	69.9M	55.6M	73.3M	82.9M	81.7M	64.1M	79.7M	78.6M	86.9M	80M	90.9M	94.1M
Inventory	—	—	—	—	—	—	—	—	62M	65M	84.1M	88.1M
Total current assets	—	—	—	—	—	—	—	—	174.9M	169.1M	203.3M	210M
Property, plant & equipment	—	—	—	—	—	—	—	—	143.7M	77.6M	145.3M	149.5M
Goodwill & intangibles	—	—	—	—	—	—	—	—	56.9M	56M	55.1M	54.3M
Total assets	—	—	—	—	—	—	—	—	378.8M	371.4M	403.6M	412.9M
Accounts payable	—	—	—	—	—	—	—	—	79.2M	75.8M	96.4M	94.5M
Short-term debt	—	—	—	—	—	—	—	—	2.3M	2.8M	2.6M	2.6M
Total current liabilities	—	—	—	—	—	—	—	—	104.9M	104.4M	118.3M	121.1M
Long-term debt	—	—	—	—	—	—	—	—	61M	45.5M	56.2M	58.1M
Total liabilities	—	—	—	—	—	—	—	—	176.6M	154.8M	179.8M	184.4M
Shareholders' equity	—	—	—	—	—	—	—	—	202.2M	216.6M	223.8M	228.6M
Total debt	—	—	—	—	—	—	—	—	63.3M	48.3M	58.9M	60.7M
Net debt	—	—	—	—	—	—	—	—	50M	41.5M	43.3M	43.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	24.5M	38.3M	24.8M	48.3M	-75.4M	57.8M	28.5M	-105.9M	-64.6M	33.5M
Depreciation & amortization	32.5M	40.3M	33.8M	44.3M	32M	23.8M	26.4M	27.7M	25.5M	21.7M
Stock-based compensation	—	—	—	7.3M	5.4M	5.2M	3.6M	2M	2.5M	1.8M
Change in working capital	-5.8M	-44.1M	3.6M	27.7M	-6.1M	-33.1M	-27.9M	62.3M	-24.3M	-32.9M
Operating cash flow	40M	-10.4M	67.6M	123M	-71.9M	43.4M	-18.7M	-95.5M	-65.5M	33M
Capital expenditure	—	—	—	—	—	—	—	—	—	-17.2M
Investing cash flow	3.5M	-81.2M	5.3M	10.9M	112.5M	98.9M	1.4M	262K	54.9M	-5.5M
Dividends paid	-14.5M	-14.5M	-14.6M	-15.3M	-216M	-16.2M	-17M	-8.9M	0	0
Share repurchases	—	-124K	-328K	-854K	-850K	—	—	—	—	—
Financing cash flow	-26.1M	42.3M	-65.4M	-78.2M	-126.4M	-76.8M	45.4M	-4.5M	-65M	-28.2M
Net change in cash	17.4M	-49.3M	7.5M	55.8M	-85.8M	65.4M	28.1M	-99.7M	-75.7M	-680K
Free cash flow	3.4M	43.9M	57M	65M	51M	43.2M	-57.7M	-2.5M	11.2M	15.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-50.4M	-35.6M	3.3M	8.8M	-3.9M	-72.7M	10.1M	1.7M	7.1M	14.6M	5.7M	6M
Depreciation & amortization	7.6M	6.7M	6.7M	6.6M	6.5M	5.8M	5.5M	5.4M	5.5M	5.4M	5.3M	5.4M
Stock-based compensation	675K	782K	686K	400K	864K	548K	472K	447K	840K	49K	454K	-198K
Change in working capital	13.8M	1.4M	-12.1M	-17.4M	3M	2.2M	-33.1M	2.3M	-4.8M	2.8M	-31.2M	-9M
Operating cash flow	-39.2M	-92.6M	33K	251K	7.8M	-73.6M	-15.8M	2.2M	20.1M	15.7M	2M	5.7M
Capital expenditure	—	—	—	—	—	—	—	-2.7M	-3.6M	-8M	-5.1M	-4.1M
Investing cash flow	0	0	83K	0	0	0	9.8M	-2.7M	-3.6M	-8M	-4.6M	-4.1M
Dividends paid	0	0	0	0	0	0	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	14M	-12.2M	2M	-6.3M	1.4M	-61.4M	-5.3M	6M	-13.1M	-14.5M	11.3M	-312K
Net change in cash	-25.2M	-104.8M	2.1M	-6.1M	9.1M	-135M	-11.3M	5.5M	3.4M	-6.7M	8.6M	1.3M
Free cash flow	15.2M	-24.4M	-10.2M	12.7M	-4.2M	12.8M	-8M	-527K	16.5M	7.7M	-3.2M	1.6M

Date	Ratio
Jul 2, 1998	3:1
Jan 3, 1996	3:2

Tredegar Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history