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TG Tredegar

Tredegar Corp. engages in the manufacture of polyethylene plastic films, polyester films, and aluminum extrusions. It operates through following segments: PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics, and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications. The Flexible Packaging Films segment produces polyester-based films for use in packaging applications. The Aluminum Extrusions segment produces soft-alloy and medium-strength aluminum extrusions for building and construction, automotive, consumer durables, machinery and equipment, electrical and distribution markets. The company was founded in 1988 and is headquartered in Richmond, VA.

Company profile

Ticker
TG
Exchange
Website
CEO
John Steitz
Employees
Incorporated
Location
Fiscal year end
Former names
TREDEGAR INDUSTRIES INC
SEC CIK
IRS number
541497771

TG stock data

(
)

Calendar

7 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Tredegar earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 21.86M 21.86M 21.86M 21.86M 21.86M 21.86M
Cash burn (monthly) (positive/no burn) 1.1M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 4.51M n/a n/a n/a n/a
Cash remaining n/a 17.35M n/a n/a n/a n/a
Runway (months of cash) n/a 15.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Freeman George C Iii Tredegar Common Stock Grant Aquire A No No 13.71 1,641 22.5K 26,786
1 Jul 21 Gottwald John D Tredegar Common Stock Grant Aquire A No No 13.71 2,233 30.61K 1,900,708
1 Jul 21 Gottwald William M Tredegar Common Stock Grant Aquire A Yes No 13.71 1,641 22.5K 62,564
1 Jul 21 Newsome Kenneth Tredegar Common Stock Grant Aquire A No No 13.71 1,641 22.5K 24,283
1 Jul 21 Pratt Gregory A Tredegar Common Stock Grant Aquire A No No 13.71 1,641 22.5K 24,283

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

64.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 129 135 -4.4%
Opened positions 13 21 -38.1%
Closed positions 19 22 -13.6%
Increased positions 40 48 -16.7%
Reduced positions 54 46 +17.4%
13F shares
Current Prev Q Change
Total value 897.85M 491.63M +82.6%
Total shares 21.86M 21.76M +0.4%
Total puts 216.4K 327K -33.8%
Total calls 30.3K 116.9K -74.1%
Total put/call ratio 7.1 2.8 +155.3%
Largest owners
Shares Value Change
BLK Blackrock 4.38M $65.78M +7.2%
Vanguard 3.15M $47.32M +7.3%
GBL Gamco Investors 2.79M $41.87M -4.9%
Dimensional Fund Advisors 2.4M $36.08M -3.6%
STT State Street 850.49K $12.87M +2.6%
Kennedy Capital Management 471.15K $7.07M +11.3%
LSV Asset Management 434.7K $6.52M -1.4%
Gabelli Funds 429K $6.44M +0.8%
Geode Capital Management 428.44K $6.43M +8.0%
BK Bank Of New York Mellon 410.75K $6.17M +1.3%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 4.38M +295.38K +7.2%
Vanguard 3.15M +214.71K +7.3%
Hillsdale Investment Management 0 -173.59K EXIT
Victory Capital Management 0 -148.38K EXIT
CS Credit Suisse 177.61K +146.24K +466.2%
GBL Gamco Investors 2.79M -143.36K -4.9%
Kingsview Wealth Management 116.26K +116.26K NEW
Citadel Advisors 51.71K -108.6K -67.7%
Norges Bank 0 -104.25K EXIT
Russell Investments 98K +95.58K +3962.9%

Financial report summary

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Management Discussion
  • Net sales (sales less freight) in the first quarter of 2021 were relatively flat versus the first quarter of 2020 despite lower volume, primarily due to the pass-through of higher metal costs and an increase in average selling prices to cover higher operating costs. Sales volume in the first quarter of 2021 decreased by 6.2% versus the first quarter of 2020. Sales volume associated with non-residential B&C markets, which represented 55% of volume in 2020, declined 15.1% in the first quarter of 2021 versus the first quarter of 2020. Sales volume associated with specialty markets, which represented 31% of total volume in 2020, decreased 2.3% in the first quarter of 2021, and sales volume associated with the automotive market, which represented 9% of total volume in 2020, increased 8.0%. See “The Impact of COVID-19 and Related Financial Considerations” section for more information on business conditions.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: absorption, backlog, Bright, campaign, CDC, chain, condensed, eligible, extension, facilitate, intervening, Rescue, roof, shortfall, Southeastern, subsequent, Surgeon, unchanged, undertaken, vaccine, View, weather
Removed: absent, active, adversely, Aid, apply, arisen, assume, August, aware, bearing, boating, borrow, closed, collection, commodity, confirmed, conform, consumer, continuously, controlling, dashboard, description, discretion, disinfecting, dispute, distancing, distribution, dividend, doubtful, downturn, durable, educated, elastic, employee, entering, established, evaluating, excluding, exist, experienced, extend, face, FASB, feel, FEMA, formula, generated, guidance, handwashing, Haute, highlighting, historic, home, hospital, hourly, hygiene, ill, Implemented, initial, institution, instrumental, invoiced, IRS, June, lease, leave, legislation, life, light, line, low, make, mandating, measurement, Michigan, modifying, narrative, national, negative, onsite, outbreak, participant, pay, peak, personnel, policy, power, Preferred, profile, prompt, pronouncement, prospectively, recession, recourse, recreational, referred, remain, remote, removing, requiring, response, retrospectively, salaried, season, Security, sensitivity, serving, shut, sick, slowdown, specific, speed, stay, streamlining, strongly, substantial, sustaining, temperature, temporary, Terre, transferred, typical, typically, uncollectible, unlevered, unobservable, unrecognized, venture, weekly, wholesaler

Patents

APP
Utility
Back Light Unit for Backlit Displays
11 Mar 21
A back light unit includes an array of light emitting diodes, at least two optical films positioned above the array of light emitting diodes, and a pair of brightness enhancement films positioned above the at least two optical films.
APP
Utility
Surface Protection Film
14 Jan 21
A surface protection film includes an adhesion layer that includes a blend of a first hydrogenated styrene block copolymer, a second hydrogenated styrene block copolymer different from the first hydrogenated styrene block copolymer, and polyethylene.
APP
Utility
Microstructures for Transforming Light Having Lambertian Distribution into Batwing Distributions
30 Dec 20
A light transmissive substrate for transforming a Lam bertian light distribution into a batwing light distribution.
APP
Utility
Films for Use As Interleaves Between Substrates
22 Jul 20
A film for use as an interleaf between substrates includes a first side having a first micro-embossed surface and a first formed pattern, a second side having a second micro-embossed surface and a second formed pattern, a basis weight of between about 35 gsm and about 80 gsm, a Low Load Thickness of between about 150 micrometers and 400 micrometers according to the Low Load Thickness Test, and a flexural stiffness of between about 150 grams and about 500 grams according to the Circular Bend Stiffness Test.
APP
Utility
Masking Film for Protecting Sensitive Substrates
17 Jun 20
A masking film includes an adhesion layer that includes a blend of hydrogenated styrene block copolymer and low density polyethylene.