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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
NYSE
Website
tredegar.com/
CEO
John Steitz
Employees
Incorporated
Virginia
Location
Virginia
Fiscal year end
Dec 31
Sector
Manufacturing > Other Aluminum Rolling, Drawing, and Extruding
Industry (SIC)
Rolling Drawing & Extruding of Nonferrous Metals
Howmet Aerospace • Novelis • Arconic • Kaiser Aluminum • Global Brass & Copper • Mueller Industries • Quanex Building Products • Encore Wire ...
Former names
TREDEGAR INDUSTRIES INC
SEC CIK
0000850429
Corporate docs
IRS number
541497771

TG stock data

(
)

News

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Tredegar Q4 EPS $0.29 Up From $0.22 YoY
16 Mar 21
Tredegar (NYSE:TG) reported quarterly earnings of $0.29 per share. This is a 31.82 percent increase over earnings of $0.22 per share from the same period last year.

Press releases

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Tredegar Reports Fourth Quarter and Full Year 2020 Results
16 Mar 21
Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar")) today reported fourth quarter and full year financial results for the period ended December 31, 2020. Fourth quarter 2020 net income from continuing
Tredegar Board Declares Dividend
25 Feb 21
The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of twelve cents ($0.12) per share on the company's common stock. The dividend is payable on January 1, 2021 to shareholders of

Calendar

16 Mar 21
13 Apr 21
31 Dec 21

Financial summary

Financial statements Chart TG financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 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) 11.85M 11.85M 11.85M 11.85M 11.85M 11.85M
Cash burn (monthly) 7.73M 1.63M (positive/no burn) 2.58M (positive/no burn) (positive/no burn)
Cash used (since last report) 26.59M 5.62M n/a 8.88M n/a n/a
Cash remaining -14.75M 6.23M n/a 2.97M n/a n/a
Runway (months of cash) -1.9 3.8 n/a 1.2 n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

TG insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Freeman George C Iii Tredegar Common Stock Grant Aquire A No No 15.37 918 14.11K 25,145
1 Apr 21 Gottwald John D Tredegar Common Stock Grant Aquire A No No 15.37 1,446 22.23K 1,898,475
1 Apr 21 Gottwald William M Tredegar Common Stock Grant Aquire A Yes No 15.37 918 14.11K 60,923
1 Apr 21 Newsome Kenneth Tredegar Common Stock Grant Aquire A No No 15.37 918 14.11K 22,642
1 Apr 21 Pratt Gregory A Tredegar Common Stock Grant Aquire A No No 15.37 918 14.11K 22,642
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

TG institutional ownership history Ownership history

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 135 136 -0.7%
Opened positions 21 16 +31.3%
Closed positions 22 16 +37.5%
Increased positions 48 38 +26.3%
Reduced positions 46 48 -4.2%
13F shares
 Current Prev Q Change
Total value 491.63M 321.94M +52.7%
Total shares 21.76M 21.64M +0.6%
Total puts 327K 0 NEW
Total calls 116.9K 0 NEW
Total put/call ratio 2.8 – –
Largest owners
 Shares Value Change
BLK Blackrock 4.09M $68.25M +4.7%
Vanguard 2.94M $49.06M +2.9%
GBL Gamco Investors 2.93M $48.98M +1.8%
Dimensional Fund Advisors 2.49M $41.63M -6.3%
STT State Street 828.82K $13.93M -0.9%
LSV Asset Management 441K $7.36M -5.2%
Gabelli Funds 425.63K $7.11M -16.9%
Kennedy Capital Management 423.24K $7.07M +30.0%
BK Bank Of New York Mellon 405.67K $6.77M +13.1%
Geode Capital Management 396.76K $6.63M +4.1%
Largest transactions
 Shares Bought/sold Change
BLK Blackrock 4.09M +182.18K +4.7%
Millennium Management 168.35K +168.35K NEW
Dimensional Fund Advisors 2.49M -166.56K -6.3%
Citadel Advisors 160.31K +148.02K +1203.9%
Ajo 0 -140.61K EXIT
Grantham, Mayo, Van Otterloo & Co. 128.4K -123.9K -49.1%
DAVENPORT & Co 32.5K -121.15K -78.8%
Atom Investors 0 -116.4K EXIT
Norges Bank 104.25K +104.25K NEW
Kennedy Capital Management 423.24K +97.75K +30.0%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: AAOCA, absence, absenteeism, alter, answering, arisen, attract, behavior, bound, campaign, capability, CDC, children, citizenship, collaboration, color, composed, constrained, creation, creed, cultural, customary, desired, device, difficulty, disability, discriminatory, disinfecting, distancing, divestiture, Donnelly, durable, East, educated, education, encourage, encouraged, encouraging, entertainment, entry, ethnicity, evolve, experienced, experiencing, fear, fee, feel, Fitesa, formatted, frequent, fulfill, gender, guide, GZ, handwashing, healthy, holistically, home, hotline, Hunton, hybrid, ill, Interactive, intervening, intraperiod, iXBRL, job, joined, joining, Kevin, Kurth, layoff, Leadership, leave, length, link, magnitude, marital, Miramar, motivate, motivated, Nao, nondiscretionary, nondiscrimination, offering, ongiong, onsite, orientation, outperformed, outreach, PA, Pottsville, pregnancy, prepayment, promote, Promoting, promotion, PV, race, recession, Reclassification, recommended, recruiting, redesigned, reinforcement, religion, remote, reset, resolved, roof, scenario, sex, sexual, shelter, shipment, sick, site, staffing, streamlining, strictly, strongly, sunset, supervisor, Surgeon, survey, talent, temperature, timeline, tolling, Truist, University, unrelated, vaccine, valuable, variation, veteran, WACC
Removed: accretion, accrual, achieving, adult, affiliate, aggregating, Amazon, annually, anodizing, apertured, AquiDry, ASC, attention, baby, beneficial, block, Carolina, claimed, clarifying, Clearfield, ComfortAire, ComfortFeel, Commonwealth, compression, conjunction, consummated, continually, conventional, converged, convert, converted, convertible, creating, delay, density, depict, designation, disruptive, diversion, Durham, earnout, eleven, embedded, embossed, enable, engineered, escrow, Euro, Europe, exacerbate, exacerbated, exhibited, expectation, expensive, explosion, ExtraFlex, feminine, FlexAire, Floyd, fluctuating, Forint, FreshFeel, functionality, Funding, Gamble, generate, holder, Hungarian, Hungary, hygiene, idled, immaterial, incontinence, incur, Indian, inflation, innovation, integrate, integrating, involuntary, isolated, issuance, Kerkrade, lag, laminate, largest, leveraging, liable, licensing, linear, liquidate, lost, McGuire, meeting, Michael, microstructure, MINE, move, moving, NAV, necessarily, noncancellable, noncurrent, nonwoven, occurred, organic, outlined, partner, patented, permanently, planned, planning, premium, printable, processing, Procter, promised, proprietary, qualification, qualifying, recognize, refunded, reinvest, renovation, repatriation, restart, retailing, retrospectively, returned, reversal, Rupee, satisfaction, saving, Schewel, seller, settling, shutdown, smart, styrenic, subsequently, supplementary, tangible, tape, temporary, threaten, topsheet, unanticipated, unaudited, understand, UNRESOLVED, unstable, updated, Utah, virtually, written, wrote
From filing 10-K 2020 FY

Financial reports

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10-K
2020 FY
Annual report
16 Mar 21
10-Q
2020 Q3
Quarterly report
9 Nov 20
10-Q
2020 Q1
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
16 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
18 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18

Current reports

View all
8-K
2020 FY
Tredegar Reports Fourth Quarter and Full Year 2020 Results
16 Mar 21
8-K
2020 Q3
Departure of Directors or Certain Officers
18 Dec 20
8-K
Tredegar Board Declares Special Dividend of $5.97 Per Share
3 Dec 20
8-K
2020 Q3
Tredegar Reports Third Quarter 2020 Results
9 Nov 20
8-K
Tredegar Completes Sale of Personal Care Films Business to Fitesa
3 Nov 20
8-K
Tredegar Agrees to Sell Personal Care Films Business to Fitesa
25 Aug 20
8-K
Tredegar Reports Second Quarter 2020 Results
6 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
26 May 20
8-K
Tredegar Reports First Quarter 2020 Results
11 May 20
8-K
Amendments to Articles of Incorporation or Bylaws
30 Mar 20

Registration and prospectus

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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
8-A12B/A
Registration of securities on exchange (amended)
18 Nov 13

Proxies

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DEF 14A
Definitive proxy
24 Mar 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
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Mar 18
DEF 14A
Definitive proxy
29 Mar 17

Other

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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
UPLOAD
Letter from SEC
2 Jan 13
CORRESP
Correspondence with SEC
20 Dec 12
UPLOAD
Letter from SEC
10 Dec 12

Ownership

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4/A
TREDEGAR / D ANDREW EDWARDS ownership change
2 Apr 21
4
TREDEGAR / Anne G Waleski ownership change
1 Apr 21
4
TREDEGAR / Carl E. Tack III ownership change
1 Apr 21
4
TREDEGAR / THOMAS G SNEAD JR ownership change
1 Apr 21
4
TREDEGAR / GREGORY A PRATT ownership change
1 Apr 21
4
TREDEGAR / Kenneth Newsome ownership change
1 Apr 21
4
TREDEGAR / WILLIAM M GOTTWALD ownership change
1 Apr 21
4
TREDEGAR / JOHN D GOTTWALD ownership change
1 Apr 21
4
TREDEGAR / GEORGE C FREEMAN III ownership change
1 Apr 21
4
TREDEGAR / JOHN M STEITZ ownership change
23 Mar 21

Patents

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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.

Reddit threads

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