Tredegar (TG) Q3 2026 earnings summary

Executive summary

• Q3 2026 continuing-operations net loss was $2.8 million, or $0.08 per diluted share, versus net income of $7.1 million, or $0.20 per share, a year earlier.

• Ongoing-operations net loss was $1.4 million, or $0.04 per diluted share; EBITDA was $4.1 million, down from $18.1 million.

• One Tredegar is consolidating leadership and simplifying the organization, with benefits targeted from Q1 2027.

Financial highlights

• Q3 net sales were $201.0 million versus $188.4 million; nine-month net sales were $591.8 million versus $520.5 million.

• Nine-month continuing-operations net income was $8.3 million versus $9.6 million; ongoing-operations net income was $10.0 million versus $14.6 million.

• Nine-month operating cash flow was $8.2 million versus $17.3 million, reflecting higher working-capital needs and lower segment EBITDA.

Outlook and guidance

• One Tredegar benefits are targeted from Q1 2027, with priorities including Bonnell operating improvements, cost reductions, TSLOTS growth and higher-value Films applications.

• 2026 capital expenditures are projected at $17 million for Bonnell and $2 million for High Performance Films; projected depreciation is $15 million and $4 million, respectively.

• High Performance Films ongoing-operations EBITDA has normalized to ~$5.0 million per quarter; memory-chip market pressures may affect production and mix through year-end.

• Nearly all anticipated 2026 aluminum supply is secured; 2027 sourcing is under review, with supply-chain diversification intended to minimize Middle East exposure.