TREDEGAR CORP

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 15, 2024

TG$5.90+9.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31
	2023	2022
(In thousands, except share data)
Assets
Current assets:
Cash and cash equivalents	$9,660	$19,232
Restricted cash	3,795	—
Accounts and other receivables, net	67,938	84,544
Income taxes recoverable	1,182	733
Inventories	82,037	127,771
Prepaid expenses and other	12,065	10,304
Total current assets	176,677	242,584
Property, plant and equipment, at cost:
Land and land improvements	4,867	4,832
Buildings	73,160	71,129
Machinery and equipment	463,019	455,960
Total property, plant and equipment	541,046	531,921
Less: accumulated depreciation	(357,591)	(345,510)
Net property, plant and equipment	183,455	186,411
Right-of-use leased assets	11,848	14,021
Identifiable intangible assets, net	9,851	11,690
Goodwill	35,717	70,608
Deferred income tax assets	25,034	13,900
Other assets	3,879	2,879
Total assets	$446,461	$542,093
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$95,023	$114,938
Accrued expenses	24,442	31,603
Lease liability, short-term	2,107	2,035
ABL revolving facility (matures on June 30, 2026)	126,322	—
Income taxes payable	1,210	1,137
Total current liabilities	249,104	149,713
Lease liability, long-term	10,942	12,738
Long-term debt	20,000	137,000
Pension and other postretirement benefit obligations, net	6,643	35,046
Other non-current liabilities	4,119	5,834
Total liabilities	290,808	340,331
Contingencies (Note 16)
Shareholders’ equity:
Common stock, no par value (authorized 150,000,000 shares, issued and outstanding— 34,408,638 shares at December 31, 2023 and 34,000,642 at December 31, 2022)	61,606	58,824
Common stock held in trust for savings restoration plan (118,543 shares at December 31, 2023 and 113,316 at December 31, 2022)	(2,233)	(2,188)
Accumulated other comprehensive income (loss):
Foreign currency translation adjustment	(83,037)	(86,079)
Gain (loss) on derivative financial instruments	801	(2,480)
Pension and other postretirement benefit adjustments	539	(59,036)
Retained earnings	177,977	292,721
Total shareholders’ equity	155,653	201,762
Total liabilities and shareholders’ equity	$446,461	$542,093

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.