Tredegar Corporation reported a challenging Q4 2024, with revenue of $49.051 million, gross profit of $10.299 million and a gross margin of 21.0%. The quarter produced an operating loss of $7.869 million and a net loss of $72.699 million, with basic earnings per share of -$2.12. The earnings deterioration occurred despite positive cash generation, as cash flow from operations reached $19.455 million and free cash flow amounted to $12.804 million. The cash performance supported debt reduction activity, with debt repayments of $61.423 million and a net debt position of $70.306 million. Balance sheet metrics remained orderly, including total assets of $356.357 million and stockholders’ equity of $180.968 million. Liquidity remains modest (cash of $7.062 million; current ratio 1.53; quick ratio 0.96; cash ratio 0.08), but Tredegar demonstrated resilience in converting operations to cash even as earnings declined.
Key Performance Indicators
Revenue
Decreasing
49.05M
QoQ: -68.16% | YoY: -74.22%
Gross Profit
Decreasing
10.30M
21.00% margin
QoQ: -93.31% | YoY: -70.59%
Operating Income
Decreasing
-7.87M
QoQ: -7.21% | YoY: -153.10%
Net Income
Decreasing
-72.70M
QoQ: 0.00% | YoY: -926.88%
EPS
Decreasing
-2.12
QoQ: 0.00% | YoY: -915.38%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $49.051 million; YoY -74.22%, QoQ -68.16%
Gross Profit: $10.299 million; YoY -70.59%, QoQ -93.31%; Gross Margin: 0.210
Operating Income: -$7.869 million; YoY -153.10%, QoQ -7.21%; Operating Margin: -0.160
Net Income: -$72.699 million; YoY -926.88%, QoQ 0.00%; Net Margin: -1.482
EPS: -$2.12; YoY -915.38%, QoQ 0.00%
EBITDA: -$1.915 million; EBITDA Margin: -0.039
Interest Expense: $5.65 million; Depreciation & Amortization: $5.756 million
Cash Flow: Operating cash flow $19.455 million; Free cash flow $12.804 million
Capital Expenditures: -$6.651 million; Acquisitions (net): $54.57 million
Net Debt: $70.306 million; Total Debt: $77.368 million
Cash & Equivalents: $7.062 million; Cash Conversion Cycle: ~239 days
Balance Sheet: Total Assets $356.357 million; Total Liabilities $175.389 million; Total Stockholders’ Equity $180.968 million
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
49.05M
-74.22%
-68.16%
Gross Profit
10.30M
-70.59%
-93.31%
Operating Income
-7.87M
-153.10%
-7.21%
Net Income
-72.70M
-926.88%
0.00%
EPS
-2.12
-915.38%
0.00%
Key Financial Ratios
Gross Profit Margin
Fair
21.00%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
-0.16%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-1.48%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.20%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.40%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.53
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Moderate
0.43
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Negative
-0.91x
Negative earnings make P/E ratio not meaningful
Price to Book
Fair Value
1.46x
Price-to-book ratio reasonable for profitable companies
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