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TREDEGAR CORP

For the period ended May 8, 2026. Filed May 8, 2026.

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About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

May 8, 2026 · Filed May 8, 2026

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EX-99 · FORWARD-LOOKING AND CAUTIONARY STATEMENTS

FORWARD-LOOKING AND CAUTIONARY STATEMENTS

Some of the information contained in this press release may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. When the Company uses the words “believe,” “estimate,” “anticipate,” “appear to,” “expect,” “project,” “plan,” “likely,” “may” and similar expressions, it does so to identify forward-looking statements. Such statements are based on the Company's then current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in or implied by these forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Factors that could cause actual results to differ materially from expectations include, without limitation, the following:

the impact of trade policies and prolonged geopolitical conflicts on raw materials and supply chain constraints;

the impact of macroeconomic factors, such as inflation, interest rates and recession risks;

an increase in the operating costs incurred by the Company’s business units, including, for example, the cost of raw materials and energy;

noncompliance with any of the financial and other restrictive covenants in the ABL Facility;

failure to continue to attract, develop and retain certain key officers or employees;

disruptions to the Company’s manufacturing facilities, including those resulting from labor shortages;

an information technology system failure or breach;

risks of doing business in countries outside the U.S. that affect our international operations;

the impact of public health epidemics on employees, production and the global economy;

political, economic and regulatory factors concerning the Company’s products;

the impact of the imposition of tariffs and sanctions on imported aluminum ingot used by Bonnell Aluminum;

inability to replace aging equipment and information technology systems with necessary capital expenditures;

inability to develop, efficiently manufacture and deliver new products at competitive prices;

loss of sales to significant customers on which the Company’s business is highly dependent;

inability to achieve sales to new customers to replace lost business;

failure of the Company’s customers to achieve success or maintain market share;

failure to protect our intellectual property rights;

and the other factors discussed in the reports Tredegar files with or furnishes to the Securities and Exchange Commission (the “SEC”) from time to time, including the risks and important factors set forth in additional detail in Part I, Item 1A. Risk Factorsof the Company’s Form 10-K for the year ended December 31, 2025. Readers are urged to review and consider carefully the disclosures Tredegar makes in its filings with the SEC.

Tredegar does not undertake, and expressly disclaims any duty, to update any forward-looking statement made in this press release to reflect any change in management’s expectations or any change in conditions, assumptions or circumstances on which such statements are based, except as required by applicable law.

To the extent that the financial information portion of this press release contains non-GAAP financial measures, it also presents both the most directly comparable financial measures calculated and presented in accordance with GAAP and a quantitative reconciliation of the difference between any such non-GAAP measures and such comparable GAAP financial measures. Reconciliations of non-GAAP financial measures are provided in the Notes to the Financial Tables included with this press release and can also be found within “Presentations” in the “Investors” section of our website, www.tredegar.com.

Tredegar uses its website as a channel of distribution of material company information. Financial information and other material information regarding Tredegar is posted on and assembled in the “Investors” section of its website.

Tredegar Corporation is an industrial manufacturer with two primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets and films for highly engineered surface protection applications in the global electronics industry and advanced packaging. With approximately 1,700 employees, the Company operates manufacturing facilities in North America and Asia.

Tredegar Corporation
Condensed Consolidated Statements of Income
(In Thousands, Except Per-Share Data)
(Unaudited)
Three Months Ended
March 31,
20262025
Sales$186,489$164,738
Other income (expense), net (c) (d)44(10)
186,533164,728
Cost of goods sold (c)157,496135,643
Freight5,4995,566
Selling, R&D and general expenses (c)16,59220,825
Amortization of identifiable intangibles440440
Pension and postretirement benefits39(25)
Interest expense3591,013
Asset impairments and costs associated with exit and disposal activities, net of adjustments (c)618
180,431163,480
Income (loss) from continuing operations before income taxes6,1021,248
Income tax expense (benefit) (c)1,032577
Net income (loss) from continuing operations5,070671
Income (loss) from discontinued operations, net of tax5919,430
Net income (loss)$5,661$10,101
Earnings (loss) per share:
Basic:
Continuing operations$0.15$0.02
Discontinued operations0.020.27
Basic earnings (loss) per share$0.17$0.29
Diluted:
Continuing operations$0.15$0.02
Discontinued operations0.020.27
Diluted earnings (loss) per share$0.17$0.29
Shares used to compute earnings (loss) per share:
Basic34,69634,612
Diluted34,69634,612
Tredegar Corporation
Net Sales and EBITDA from Ongoing Operations by Segment
(In Thousands)
(Unaudited)
Three Months Ended
March 31,
20262025
Net Sales
Aluminum Extrusions$159,457$133,635
High Performance Films21,53325,537
Total net sales180,990159,172
Add back freight5,4995,566
Sales as shown in the condensed consolidated statements of income$186,489$164,738
EBITDA from Ongoing Operations (f)
Aluminum Extrusions:
Ongoing operations:
EBITDA (b)$11,682$9,160
Depreciation & amortization(4,045)(4,225)
EBIT (b)7,6374,935
Plant shutdowns, asset impairments, restructurings and other (c)(222)(1,167)
High Performance Films:
Ongoing operations:
EBITDA (b)$5,074$7,520
Depreciation & amortization(1,203)(1,250)
EBIT (b)3,8716,270
Total11,28610,038
Interest income105
Interest expense3591,013
Corporate expenses, net (c)4,8357,782
Income (loss) from continuing operations before income taxes6,1021,248
Income tax expense (benefit)1,032577
Net income (loss) from continuing operations5,070671
Income (loss) from discontinued operations, net of tax5919,430
Net income (loss)$5,661$10,101
Tredegar Corporation
Condensed Consolidated Balance Sheets
(In Thousands)
(Unaudited)
March 31, 2026December 31, 2025
Assets
Cash and cash equivalents$15,611$6,729
Accounts and other receivables, net93,70181,811
Income taxes recoverable—47
Inventories84,07664,962
Prepaid expenses & other9,88015,525
Total current assets203,268169,074
Property, plant & equipment, net133,076132,975
Right-of-use leased assets12,22112,764
Identifiable intangible assets, net5,1285,568
Goodwill22,44622,446
Deferred income taxes25,62326,277
Other assets1,8812,268
Total assets$403,643$371,372
Liabilities and Shareholders’ Equity
Accounts payable$96,444$75,754
Accrued expenses18,41425,411
Lease liability, short-term2,1382,263
Short-term debt506498
Income taxes payable842455
Total current liabilities118,344104,381
Lease liability, long-term10,44410,960
ABL revolving facility45,80034,550
Pension and other postretirement benefit obligations, net1,2941,196
Other non-current liabilities3,9663,731
Shareholders’ equity223,795216,554
Total liabilities and shareholders’ equity$403,643$371,372
Tredegar Corporation
Condensed Consolidated Statements of Cash Flows
(In Thousands)
(Unaudited)
Three Months Ended March 31,
20262025
Cash flows from operating activities:
Net income (loss)$5,661$10,101
Adjustments for noncash items:
Depreciation4,8565,086
Amortization of intangibles440440
Reduction of right-of-use leased assets543529
Deferred income taxes429407
Accrued pension and postretirement benefits3980
Stock-based compensation expense454472
Gain on sale of divested business(565)(9,657)
Changes in assets and liabilities:
Accounts and other receivables(11,888)(14,931)
Inventories(19,105)(17,513)
Income taxes recoverable/payable436(71)
Prepaid expenses and other6,7397,174
Accounts payable and accrued expenses13,95612,687
Lease liability(640)(616)
Pension and postretirement benefit plan contributions(26)(152)
Other, net624958
Net cash provided by (used in) operating activities1,953(5,006)
Cash flows from investing activities:
Capital expenditures(5,141)(2,957)
Proceeds from the sale of Terphane5659,835
Net cash (used in) provided by investing activities(4,576)6,878
Cash flows from financing activities:
Borrowings49,95033,750
Debt principal payments(38,700)(39,047)
Net cash provided by (used in) financing activities11,250(5,297)
Effect of exchange rate changes on cash25520
Increase (decrease) in cash and cash equivalents8,882(3,405)
Cash and cash equivalents at beginning of period6,7297,062
Cash and cash equivalents at end of period$15,611$3,657
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.