Tredegar Reports First Quarter 2026 Results

About this update from Tredegar Corporation

RICHMOND, Va., May 08, 2026--(BUSINESS WIRE)--Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar") today reported first quarter financial results for the period ended March 31, 2026. Arijit (Bapi) DasGupta, Tredegar’s president and chief executive officer, said, "Bonnell had a good quarter in the face of challenging market conditions, tariff‑driven cost pressures, and softer net new orders after the mid‑year 2025 Section 232 tariff increase. Their ability to improve under these circumstances reinforces our confidence in the business and its long‑term trajectory. In High Performance Films, sales volume for surface protection films softened as expected due to a significant customer’s inventory correction and scheduled maintenance activity for another customer." He continued, "Both of our business units continue to lead with deep, long‑standing customer relationships and differentiated value propositions. As we continue to bring the organization together as One Tredegar, we continue to focus on operational excellence and productivity improvements and see substantial opportunities to leverage best practices across the enterprise, enhance efficiency, reduce costs, and strengthen profitability, positioning the company for long‑term value creation." A reconciliation of net income (loss) from continuing operations, a financial measure calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), to net income (loss) from ongoing operations and Consolidated EBITDA, both non-GAAP financial measures, for the three months ended March 31, 2026 and 2025, is provided in Notes (a) and (f) to the Financial Tables in this press release. OPERATIONS REVIEW Aluminum Extrusions A summary of results for Aluminum Extrusions is provided below: First Quarter 2026 Results vs. First Quarter 2025 Results Net sales (sales less freight) in the first quarter of 2026 increased 19.3% versus the first quarter of 2025 primarily due to the pass-through of higher metal costs, partially offset by lower volume. Sales volume in the first quarter of 2026 decreased 7.3% versus the first quarter of 2025 and 5.4% versus the fourth quarter of 2025. The Company reported a 6% decline in nonresidential building and construction volume, driven by higher costs and ongoing economic uncertainty. Within the specialty market...

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