Tredegar Corporation reported a net income of $7.1 million, or $0.20 per diluted share, for its third quarter of 2025, reversing a $3.4 million loss in the same period a year earlier. Continuing‑operations earnings rose to $9.2 million, or $0.26 per diluted share, underscoring a sharp turnaround in profitability that reflects both higher sales volumes and disciplined cost management.
The company’s two core segments delivered the bulk of the rebound. The Aluminum Extrusions (Bonnell) unit generated $162.5 million in net sales, up 40.4% year‑over‑year, and produced $16.8 million in EBITDA from ongoing operations, a 172.1% increase from the prior year. The PE Films segment reported $25.9 million in net sales, up 4.0% YoY, and $7.2 million in EBITDA, a 22.9% rise. The strong performance in the extrusion business was driven by robust demand from building & construction and automotive customers, while the modest growth in PE Films was supported by continued use of surface‑protection films in electronics and high‑technology applications.
Liquidity improved markedly as net debt fell from $54.8 million to $36.2 million, a reduction of $18.6 million. The company’s CFO, D. Andrew Edwards, announced his retirement effective December 31, 2025, and management said it is evaluating cost‑reduction initiatives for 2026 to further strengthen the balance sheet.
Headwinds remain, however. The 50% Section 232 tariff on aluminum extrusions has dampened demand, keeping open orders below the 2019 peak. Management noted that the tariff continues to constrain growth in the extrusion segment and said the company is monitoring tariff developments closely while exploring pricing and product‑mix strategies to mitigate the impact.
The earnings turnaround signals that Tredegar’s focus on its specialized aluminum and PE film businesses is paying off. The company’s ability to lift EBITDA in both segments while reducing debt positions it well for future growth, though the ongoing tariff headwind and the need for continued cost discipline will shape the near‑term outlook.
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