Tredegar Q2 revenue rises on Aluminum Extrusions margin gains
Tredegar Q2 revenue rises on Aluminum Extrusions margin gains
Overview
Industrial manufacturer Tredegar's Q2 revenue rose yr/yr, driven by Aluminum Extrusions margin gains
Net income from continuing operations increased from prior year
Company cites cost-reduction actions and supply chain diversification amid economic and trade uncertainty
Outlook
Company expects cost-reduction and operational-improvement benefits to begin in next 6-9 months
Benefit from FIFO inventory positions and metal price trends expected to be neutralized in Q3
Result Drivers
ALUMINUM EXTRUSIONS MARGINS - Higher EBITDA in Aluminum Extrusions driven by pass-through of higher metal costs and favorable scrap spreads
FIFO ACCOUNTING BENEFIT - Timing of aluminum raw material cost flow-through under FIFO method temporarily boosted margins
TSLOTS DEMAND - TSLOTS shipments rose 45%, supported by increased demand for data-center infrastructure
Company press release: ID:nBw5xFKdTa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| $216.24 mln |
|
Q2 EPS |
| $0.17 |
|
Q2 Net income from ongoing operations, which excludes special items |
| $6.40 mln |
|
Analyst Coverage
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Aug 6 - Century Aluminum Q2 adjusted EBITDA slightly beats on favorable metal prices, sales mix
Aug 4 - Ascent Industries Q2 net sales rise 38%, adjusted EBITDA turns positive
Aug 4 - US Commerce Department seeks comments on adding 14 products to metals tariffs
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Tredegar
See all newsBrief: Tredegar Announces Departure Of Kevin Donnelly, Executive Vice President, General Counsel And Corporate Secretary
Brief: Tredegar Says General Manager Of Bonnell Departs Co
Brief: Tredegar Announces Election Of Ana Dutra To Board Of Directors
Tredegar Q2 revenue rises on Aluminum Extrusions margin gains
Brief: Tredegar Announces Director Transitions