TREDEGAR CORPORATION Reports FY2023 Q2 Earnings Results
August 12, 2023
🌥️Earnings Overview
For the second quarter of FY2023, TREDEGAR CORPORATION ($NYSE:TG) reported total revenue of USD 178.2 million, a decrease of 35.1% compared to the same period in FY2022. Net income for the quarter was reported as USD -18.9 million, compared to the prior year’s profit of USD 14.9 million.
Stock Price
TREDEGAR CORPORATION, a leading multinational company in the industrial sector, released its fiscal year 2023 Q2 earnings results on Wednesday. At the opening of the stock market that day, the share price of TREDEGAR was recorded at $6.0, however, with the release of the earnings report the stock experienced a significant plunge of 20.3% to close at $5.1. This marks a considerable fall from its prior closing price of $6.4, which represents a two-week low for the company’s stock. The earnings report highlighted a number of key factors which are believed to have contributed to the sudden drop in stock price. TREDEGAR reported weaker-than-expected revenue and earnings, a decline in the company’s global sales and market share, and a significant fall in profits due to increasing competitive pressures in certain markets.
In addition, investors may have been spooked by the company’s outlook for the remainder of FY2023, which showed that revenues are expected to remain flat and profits are likely to experience a slight decline. These disappointing results are sure to be a cause for concern for investors in TREDEGAR CORPORATION. Moving forward, shareholders will be closely monitoring the company’s performance in order to better understand the implications of this latest earnings report and what it might mean for the future of the corporation. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tredegar Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 796.92 | -22.77 | -1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tredegar Corporation. More…
| Operations | Investing | Financing |
| 11.28 | -39 | 21.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tredegar Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 484.87 | 301.72 | 5.39 |
Key Ratios Snapshot
Some of the financial key ratios for Tredegar Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.8% | 5.9% | -2.5% |
| FCF Margin | ROE | ROA |
| -3.5% | -6.5% | -2.6% |
Analysis
We at GoodWhale have conducted an in-depth analysis of TREDEGAR CORPORATION‘s overall wellbeing. We have determined that TREDEGAR CORPORATION is classified as a medium risk investment based on our Risk Rating assessment. Our analysis identified two risk warnings in TREDEGAR CORPORATION’s income sheet and balance sheet. We recommend registering on our website http://www.goodwhale.com to review our detailed assessment and take a deeper look into the company’s financial and business performance. Our Risk Rating is calculated based on reliable sources, so you can rest assured that it is accurate and up-to-date. More…
Peers
The company operates in North America, Europe, and Asia. Tredegar’s primary competitors include Rajoo Engineers Ltd, Bando Chemical Industries Ltd, Kabra Extrusiontechnik Ltd, and other manufacturers of plastic film and aluminum extrusions.
– Rajoo Engineers Ltd ($BSE:522257)
Rajoo Engineers Ltd is an Indian company that manufactures plastic processing machinery. The company has a market cap of 1.82B as of 2022 and a Return on Equity of 13.4%. Rajoo Engineers Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company’s products include injection molding machines, extrusion machines, and blown film machines.
– Bando Chemical Industries Ltd ($TSE:5195)
Bando Chemical Industries Ltd is a Japanese chemical company with a market cap of 45.82B as of 2022. The company has a Return on Equity of 3.37%. Bando Chemical Industries Ltd produces chemicals for use in a variety of industries, including the automotive, electronics, and construction industries. The company has a wide range of products, including adhesives, sealants, and coatings. Bando Chemical Industries Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
– Kabra Extrusiontechnik Ltd ($BSE:524109)
Kabra Extrusiontechnik Ltd is a publicly traded company with a market capitalization of 11.63 billion as of 2022. The company operates in the plastics and rubber industry and is engaged in the manufacture and sale of extrusion machinery and related parts and accessories. Kabra Extrusiontechnik Ltd has a return on equity of 9.31% as of 2022. The company’s products are used in a variety of applications, including the production of pipes, profiles, sheets, and films.
Summary
Investors in Tredegar Corporation should be aware of the company’s second quarter FY2023 earnings results, which revealed a significant decrease in total revenue and a net loss compared to the same period in the previous year. This news caused the stock price to move downwards on the same day. It is important to monitor Tredegar’s future performance, as any additional negative reports could cause the stock to continue to decline. Investors should consider conducting further research, such as analyzing the company’s financials and staying up-to-date with news and developments to fully understand the risks associated with investing in Tredegar Corporation.
