Loading...
Docoh

Tredegar (TG)

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
CEO
John Steitz
Employees
Incorporated
Location
Fiscal year end
Former names
TREDEGAR INDUSTRIES INC
SEC CIK
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
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
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
62.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 141 141
Opened positions 18 19 -5.3%
Closed positions 18 15 +20.0%
Increased positions 47 47
Reduced positions 48 49 -2.0%
13F shares Current Prev Q Change
Total value 253.51M 398.37M -36.4%
Total shares 20.98M 20.58M +1.9%
Total puts 0 0
Total calls 23.4K 17.3K +35.3%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 4.52M $54.22M +0.1%
GBL Gamco Investors 3.19M $38.29M +5.8%
Dimensional Fund Advisors 2.05M $24.57M -0.1%
Vanguard 1.81M $21.7M +2.0%
STT State Street 925.6K $11.21M +3.5%
Gabelli Funds 449.18K $5.39M +4.5%
Hotchkis & Wiley Capital Management 448.31K $5.38M +11.5%
BK Bank Of New York Mellon 435.44K $5.22M +12.8%
Geode Capital Management 432.05K $5.18M +5.3%
LSV Asset Management 416K $4.99M -0.4%
Largest transactions Shares Bought/sold Change
Charles Schwab Investment Management 69.08K -250.44K -78.4%
JPM JPMorgan Chase & Co. 20.49K -228.96K -91.8%
GBL Gamco Investors 3.19M +174.53K +5.8%
Pacer Advisors 144.03K +144.03K NEW
Jacobs Levy Equity Management 143.73K +124.14K +633.6%
Minerva Advisors 138.71K +94K +210.2%
Aqr Capital Management 142.29K +64.55K +83.0%
Assenagon Asset Management 50.79K -62.98K -55.4%
Commonwealth Equity Services 61.3K +61.3K NEW
CS Credit Suisse 331.29K +52.48K +18.8%

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

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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

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.