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Tredegar Swings To Profit In Q4; Stock Up 6.6%
RTTNews· 2026-03-11 13:08
Core Viewpoint - Tredegar Corp. reported a significant turnaround in net income for Q2, moving from a loss in the previous year to a profit this year, despite a decline in total sales [1] Financial Performance - Net income for Q2 was $14.57 million or $0.42 per share, compared to a net loss of $72.70 million or $2.12 per share in the same quarter last year [1] - Earnings from ongoing operations increased to $0.32 per share, up from $0.06 per share in the prior year [1] - Total sales decreased by 10 percent to $184.07 million from $154.05 million in the same quarter last year, primarily due to a decrease in sales in surface protection films [1] Market Reaction - In pre-market trading, Tredegar Corp. shares were priced at $8.99, reflecting an increase of $0.56 or 6.64 percent [2]