TG posts a narrower year-over-year loss per share in Q3 as revenues rise 9.5% from gains in PE Films and Aluminum Extrusions, despite ongoing margin pressures from competitive and cost challenges.
RICHMOND, Va.--(BUSINESS WIRE)--Tredegar Completes Sale of Terphane to Oben Group.
NEWNAN, Ga.--(BUSINESS WIRE)--Bonnell Aluminum Sponsors AEC Apprenticeship Program.
Tredegar (TG) reports a Q2 net income of 26 cents per share, driven by strategic cost management and operational improvements, marking a significant recovery from a loss in the prior-year quarter.
VANCOUVER, BC / ACCESSWIRE / June 28, 2024 / Trifecta Gold Ltd. (TSXV:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for total proceeds of $1,478,990 (see news release dated May 30, 2024).
Discover why Zacks has rated Tredegar as "Underperform," being the first on Wall Street to initiate coverage on the stock. Delve into the challenges posed by volatile material costs, high debt, fierce competition and economic cycles, despite recent financial rebounds and strategic divestments.
RICHMOND, Va.--(BUSINESS WIRE)--Tredegar Corporation (NYSE: TG) announced today that the sale of its Terphane business to Oben Group is still pending, subject to standard closing conditions and competition filing approvals in Brazil.
Tredegar is an undervalued stock with low investor interest due to poor performance and lackluster results. The company has implemented corporate initiatives to improve its financials in the near term. The sale of a business division and the potential for a return to normal results make this an attractive investment opportunity.
Tredegar has undergone a business transition, shifting from mainly a plastic company to mainly an aluminum extrusion company. The company has shown improving operating efficiencies and financial soundness, with a low reinvestment rate and good capital allocation. However, the company operates in a cyclical sector and current valuations do not offer enough margin of safety. But the declining market price may present an opportunity at USD 4 per share.