redegar Corporation is a publicly traded company that manufactures plastic films and aluminum extrusions. It is headquartered in Richmond, Virginia. This company was formed in 1989 when the aluminium, plastics, and energy units of Ethyl Corporation were spun-off.

Company profile
Ticker
TG
Exchange
Website
CEO
John Steitz
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TREDEGAR INDUSTRIES INC
SEC CIK
Corporate docs
Subsidiaries
Bon L Aluminum LLC • Bon L Campo Limited Partnership • Bon L Holdings LLC • Bonnell Aluminum (Clearfield), Inc. • Bonnell Aluminum (Corporate), Inc. • Bonnell Aluminum (Elkhart), Inc. • Bonnell Aluminum, Inc. • Bonnell Aluminum (Niles), LLC • El Campo GP, LLC • Guangzhou Tredegar Film Products Company Limited ...
IRS number
541497771
TG stock data
Calendar
8 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 22 | Gottwald John D | Tredegar Common Stock | Grant | Acquire A | No | No | 10.25 | 2,987 | 30.62K | 1,911,162 |
1 Jul 22 | Gottwald William M | Tredegar Common Stock | Grant | Acquire A | Yes | No | 10.25 | 844 | 8.65K | 68,895 |
1 Jul 22 | Tack Carl E. III | Tredegar Common Stock | Grant | Acquire A | No | No | 10.25 | 2,195 | 22.5K | 31,965 |
1 Jul 22 | Newsome Kenneth | Tredegar Common Stock | Grant | Acquire A | No | No | 10.25 | 2,195 | 22.5K | 31,965 |
1 Jul 22 | Waleski Anne G | Tredegar Common Stock | Grant | Acquire A | No | No | 10.25 | 2,195 | 22.5K | 19,149 |
Institutional ownership, Q1 2022
62.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 141 |
Opened positions | 18 |
Closed positions | 18 |
Increased positions | 47 |
Reduced positions | 48 |
13F shares | Current |
---|---|
Total value | 253.51M |
Total shares | 20.98M |
Total puts | 0 |
Total calls | 23.4K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.52M | $54.22M |
GBL Gamco Investors | 3.19M | $38.29M |
Dimensional Fund Advisors | 2.05M | $24.57M |
Vanguard | 1.81M | $21.7M |
STT State Street | 925.6K | $11.21M |
Gabelli Funds | 449.18K | $5.39M |
Hotchkis & Wiley Capital Management | 448.31K | $5.38M |
BK Bank Of New York Mellon | 435.44K | $5.22M |
Geode Capital Management | 432.05K | $5.18M |
LSV Asset Management | 416K | $4.99M |
Financial report summary
?Management Discussion
- Sales in the second quarter of 2022 increased by $63.2 million compared with the second quarter of 2021. Net sales (sales less freight) in Aluminum Extrusions increased $51.0 million, primarily due to an increase in average selling prices to cover significantly higher aluminum raw material costs and higher operating costs. Net sales were flat in PE Films. Net sales in Flexible Packaging Films increased $8.2 million, primarily due to higher sales volume and higher selling prices from the pass-through of higher resin costs. For more information on net sales and volume, see the Segment Operations Review below.
- Other income decreased $6.9 million in the second quarter of 2022 compared to the second quarter of 2021, primarily due to a 2021 gain of $8.5 million associated with a one-time tax credit in Brazil for unemployment/social security insurance non-income taxes resulting from a favorable decision by Brazil's Supreme Court regarding the calculation of such tax, partially offset by a gain realized during the three months ended June 30, 2022 related to additional cash consideration of $1.4 million received in connection with the Company's sale of its investment interests in kaleo, Inc. ("kaléo") due to customary post-closing adjustments. See Note 5 for additional information.
- Consolidated gross profit (sales minus cost of goods sold and freight) as a percentage of sales (gross profit margin) was 16.5% in the second quarter of 2022 compared to 21.5% in the second quarter of 2021. The gross profit margin in Aluminum Extrusions decreased primarily due to higher labor and employee-related costs, lower labor productivity, higher supply expense, higher utility costs, and higher freight rates. Additionally, the timing of the flow through under the first-in first-out method of aluminum raw material costs passed through to customers, previously acquired at higher prices in a quickly changing commodity pricing environment, resulted in a charge in the second quarter of 2022 versus a benefit in the second quarter of 2021. The gross profit margin in PE Films decreased primarily due to lower Surface Protection contribution margin related to previously disclosed customer product transitions and pricing pressures for products unrelated to the customer product transitions, partially offset by higher contribution margin related to non-transitioning products. The gross profit margin in Flexible Packaging Films decreased primarily due to higher raw material costs, higher fixed and variable costs, partially offset by higher selling prices from the pass-through of higher resin costs, higher sales volume, and favorable product mix.
Content analysis
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H.S. sophomore Avg
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New words:
agent, attract, Bank, basket, Chase, consideration, delayed, deplete, entered, expire, Fargo, great, Guaranteed, Guaranty, hinder, increasingly, institutional, Job, JPMorgan, knowledge, lesser, listed, long, longstanding, macroeconomic, National, Nonresidential, Overnight, party, Pledge, PNC, ratable, reset, resignation, signature, SOFR, stability, strategy, Subsequently, thereto, type, Unlimited
Removed:
approximate, begin, divested, fully, greater, strong, succeeding
Financial reports
Current reports
8-K
2022 Q1
Tredegar Reports Second Quarter 2022 Results
8 Aug 22
8-K
Entry into a Material Definitive Agreement
30 Jun 22
8-K
2021 FY
Departure of Directors or Certain Officers
10 May 22
8-K
2022 Q1
Tredegar Reports First Quarter 2022 Results
9 May 22
8-K
2020 FY
Tredegar Reports Fourth Quarter and Full Year 2021 Results
11 Mar 22
8-K
2021 FY
Tredegar Announces Initiation of Process for Pension Plan Termination and Settlement
10 Feb 22
8-K
2021 FY
Tredegar Completes the Sale of Ownership Interest in kaléo
28 Dec 21
8-K
2021 FY
Tredegar Agrees to Sell Ownership Interest in kaléo
29 Nov 21
8-K
2020 Q3
Tredegar Reports Third Quarter 2021 Results
5 Nov 21
8-K
2020 Q3
Tredegar Reports Second Quarter 2021 Results
6 Aug 21
Registration and prospectus
S-8
Registration of securities for employees
16 Jun 21
S-8
Registration of securities for employees
18 Mar 19
15-12B
Securities registration termination
12 Apr 18
25-NSE
Exchange delisting
25 Mar 18
POS AM
Prospectus update (post-effective amendment)
12 Oct 17
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Dec 14
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Dec 14
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Dec 14
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Dec 14
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Dec 14
Proxies
DEFA14A
Additional proxy soliciting materials
22 Apr 22
DEFA14A
Additional proxy soliciting materials
23 Mar 22
DEFA14A
Additional proxy soliciting materials
27 Apr 21
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEFA14A
Additional proxy soliciting materials
13 May 20
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
3 Apr 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
Other
UPLOAD
Letter from SEC
18 Apr 22
CORRESP
Correspondence with SEC
13 Apr 22
UPLOAD
Letter from SEC
7 Apr 22
EFFECT
Notice of effectiveness
16 Oct 17
UPLOAD
Letter from SEC
8 Aug 16
CORRESP
Correspondence with SEC
7 Aug 16
UPLOAD
Letter from SEC
13 Jul 16
UPLOAD
Letter from SEC
16 Jun 14
CORRESP
Correspondence with SEC
9 Jun 14
UPLOAD
Letter from SEC
28 May 14
Ownership
4
TREDEGAR / GEORGE C FREEMAN III ownership change
6 Jul 22
4
TREDEGAR / GREGORY A PRATT ownership change
6 Jul 22
4
TREDEGAR / THOMAS G SNEAD JR ownership change
6 Jul 22
4
TREDEGAR / Anne G Waleski ownership change
6 Jul 22
4
TREDEGAR / Kenneth Newsome ownership change
6 Jul 22
4
TREDEGAR / Carl E. Tack III ownership change
6 Jul 22
4
TREDEGAR / WILLIAM M GOTTWALD ownership change
6 Jul 22
4
TREDEGAR / JOHN D GOTTWALD ownership change
6 Jul 22
SC 13D/A
TREDEGAR / GOTTWALD JOHN D ownership change
23 Jun 22
4
TREDEGAR / WILLIAM M GOTTWALD ownership change
21 Jun 22
Patents
Utility
Films for use as interleaves between substrates
25 Jan 22
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.
Utility
Films for use as interleaves between substrates
7 Dec 21
Films may be used as interleaves between hard and non-compressible surfaces such as surfaces of sheets or plates made of glass, metal, such as steel, polycarbonate, and/or poly(methyl methacrylate).
Utility
Films for use as interleaves between substrates
12 Oct 21
Films may be used as interleaves between hard and non-compressible surfaces such as surfaces of sheets or plates made of glass, metal, such as steel, polycarbonate, and/or poly(methyl methacrylate).
Utility
Carrier Film for Semi-conductor Wafer Processing
9 Sep 21
A carrier film includes an adhesive layer, a core layer, and a release layer.
Utility
Masking Film with Improved Adhesion Stability
19 Aug 21
A masking film includes an adhesion layer that includes at least one hydrogenated styrene block copolymer and an adhesive surface having a surface roughness (Sa) of greater than about 2.0 μm.
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