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RICHMOND - Tredegar Corporation (NYSE:TG) reported a fourth quarter net loss from continuing operations of $7.3 million, or $0.21 per share, compared to a loss of $34.1 million, or $1.00 per share, in the same quarter last year. Revenue rose 11.1% to $152.8 million.
The company’s net income from ongoing operations, which excludes special items, was $2.0 million or $0.06 per share in Q4 2024, up from $1.1 million or $0.03 per share in Q4 2023.
Tredegar’s Aluminum Extrusions segment saw sales volume increase 8.8% year-over-year to 35.8 million pounds in the fourth quarter. The segment’s EBITDA from ongoing operations rose to $9.7 million from $8.0 million last year.
In the PE Films segment, sales volume grew 6.8% to 9.1 million pounds. EBITDA from ongoing operations increased to $7.6 million from $4.5 million in Q4 2023.
"Both businesses finished 2024 with solid performances in the typically seasonally low fourth quarter," said John Steitz, Tredegar’s president and CEO. He noted that net new orders have continued to grow at Bonnell Aluminum so far in 2025.
The company ended 2024 with a net leverage ratio of 1.1x, down from 3.7x at the end of 2023, which Steitz said was due to the cyclical recovery in its businesses and the completion of the sale of Terphane on November 1, 2024.
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