TG earnings analysis
What we found in TG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
In Q1 2026, Tredegar Corporation reported net income from continuing operations of $5.1 million ($0.15 per diluted share), a significant increase from $0.7 million ($0.02 per diluted share) in Q1 2025. Revenue grew to $186.5 million from $164.7 million a year earlier, but gross margin declined to 12.6% from 14.3% due to pressures in the High Performance Films segment. Despite challenges faced in this segment, the Aluminum Extrusions division showed strong performance, driven by higher selling prices offsetting volume declines.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Tredegar reported Q1 2026 revenue of $186.5M, up 13.2% year-over-year from $164.7M.
- Improved EPS
- Diluted EPS improved to $0.15 in Q1 2026 from $0.02 in Q1 2025.
- Aluminum Extrusions Growth
- Net sales in the Aluminum Extrusions segment rose 19.3% to $159.5M, driven mainly by higher priced metal.
- Decrease in Corporate Expenses
- Corporate expenses decreased by $2.9M compared to Q1 2025, reflecting lower business development fees.
- Lower Interest Expense
- Interest expense was reduced to $0.4M in Q1 2026 from $1.0M in Q1 2025 due to lower debt levels.
- Improved Operating Cash Flow
- Operating cash flow turned positive at $2.0M in Q1 2026 compared to a negative $5.0M in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Performance Films Decline
- Net sales in the High Performance Films segment dropped 15.7% to $21.5M, driven by lower sales volume.
- Increased Inventories
- Inventories surged by $19.1M (29.4%) compared to the previous year, reflecting geopolitical uncertainty.
- Reduced Sales Volume
- Sales volume for Aluminum Extrusions fell 7.3% to 35.2 million lbs compared to 37.9 million lbs year-on-year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.15
- Gross margin
- 12.6%
- Segment
- Aluminum Extrusions: $159.5M
- Segment
- High Performance Films: $21.5M
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · March 11, 2026
- Tredegar Corporation reported a significant improvement in financial performance for the year ended December 31, 2025, with net sales increasing to $722.9 million from $598.0 million in 2024, driven by higher sales…
- 10-Q · November 7, 2025
- Tredegar Corporation reported a strong third quarter of 2025, with revenue rising to $195 million, a 33.6% increase from the prior year, and EPS improving to $0.26 compared to a loss of $0.11 in Q3 2024. Operating cash…
- 10-Q · August 8, 2025
- Tredegar Corporation's Q2 2025 results show mixed performance, with revenue growing to $172.963 million from $148.610 million in Q2 2024, driven by a 24.2% increase in Aluminum Extrusions sales. However, the diluted EPS…
- 10-Q · May 8, 2025
- Tredegar Corporation reported a revenue increase to $165 million for Q1 2025, a rise of 14.6% from Q4 2024 and 14.6% compared to Q1 2024. Despite this growth, gross margin decreased to 14.3%, and operating income fell…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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