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olivLaw · US equity research

Tredegar Corporation TG

Rolling Drawing & Extruding of Nonferrous Metals · SIC 3350 · Vertical: Primary metal industries (SIC 335x)

7.28USD+0.97% · 1 dayClose 04 Nov 2026

Tredegar makes custom aluminum extrusions for construction, automotive and specialty markets in the United States, and surface protection and packaging films through two segments. In 2025 sales reached 722.9 million USD, and in the second quarter of 2026 extrusion profits rose on metal cost pass-through and demand for data-center infrastructure, amid trade and tariff uncertainty.

At the close of 04 Nov 2026, Tredegar Corporation (TG) stock was 7.28 USD (+0.97% on the day), with market capitalisation 254.4 m USD, P/E 7.6 on diluted EPS of 0.96 USD over the last 12 months, dividend yield 3.57%, beta 1.08, 52-week range 6.29–10.35 USD. Latest reported quarter (Q2 2026): net income of 6.0 m USD (+247.6% YoY), diluted EPS 0.17 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
254.4 m USD
shares as of 31 Jul 2026
P/E (TTM)
7.6
Diluted EPS TTM 0.96 · TTM to 30 Jun 2026
E/P (TTM)
13.17%
TTM to 30 Jun 2026
Dividend yield
3.57%
DPS 12m 0.26
Beta (2y)
1.08
Volatility (1y) 48%
52-week range
6.2910.35

Price history

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Technical reading

RSI (14)
45.8
neutral
Bollinger (20, 2)
6.90 – 8.15
in the lower half of the band · %B 0.31 · band width 16.6%
SMA 50 / 200
7.36 / 8.06
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
0.00 / 0.05
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+4.0%−1.1%+5.1 pp—
3 months−6.3%−0.5%−5.9 pp—
6 months−27.8%+4.4%−32.2 pp—
Year to date+1.4%+12.3%−10.9 pp—
1 year+14.3%+13.5%+0.7 pp+9.8%
3 years+52.3%+76.4%−24.1 pp+127.6%
5 years−43.9%+63.7%−107.6 pp—
Max drawdown (1y)
−35.1%
08 May 2026 → 14 Sept 2026
Max drawdown (5y)
−69.3%
11 Nov 2021 → 14 Mar 2024
Compound annual growth (5y)
−10.9%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
unavailable USD
unavailable YoY
Net income
6.0 m USD
+247.6% YoY
Diluted EPS
0.17
+240.0% YoY
net / operating
unavailable / unavailable

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Research & development475.0 k-283.0 k165.0 k—————
SG&A18.7 m18.7 m20.7 m20.6 m20.2 m17.6 m16.4 m20.1 m
Interest expense1.2 m1.1 m1.0 m1.8 m768.0 k437.0 k359.0 k465.0 k
Pre-tax income-2.6 m-10.7 m1.2 m2.8 m9.1 m17.5 m6.1 m7.8 m
Income tax828.0 k-3.3 m577.0 k984.0 k2.0 m3.0 m1.0 m1.7 m
Net income-3.9 m-72.7 m10.1 m1.7 m7.1 m14.6 m5.7 m6.0 m
Diluted EPS-0.11-2.120.290.050.200.42 ≈0.170.17
Operating cash flow-1.3 m ≈19.5 m-5.0 m2.2 m ≈20.1 m ≈15.7 m2.0 m5.7 m ≈
Capex2.9 m ≈6.7 m3.0 m2.7 m ≈3.6 m ≈8.0 m5.1 m4.1 m ≈
Dividends paid0 ≈0——————

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 21 percentile of its own 24-quarter history (min 5.7, median 11.7, max 192.5; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenueunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Revenue YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Net income24.8 m48.3 m-75.4 m57.8 m28.5 m-105.9 m-64.6 m33.5 m
Net income YoY−35.1%+94.3%−256.3%unavailable−50.8%−472.2%unavailableunavailable
Diluted EPS0.751.45-2.261.720.84-3.10-1.880.96
Diluted EPS YoY−35.3%+93.3%−255.9%unavailable−51.2%−469.0%unavailableunavailable
net %unavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Free cash flow57.0 m65.0 m51.0 m43.2 m-57.7 m-2.5 m11.2 m15.7 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
6.7 m USD
Financial debt
35.0 m USD
Net debt
28.3 m USD
Equity
216.6 m USD
Total assets
371.4 m USD
Debt / equity
0.16x
Current ratio
1.62x
ROE
16.8%
ROA
9.2%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Income statement · USD

Cost of revenue
2023
—
2024
—
2025
—

SEC (XBRL)· 11 Mar 2022verified

Research & development
2023
2.9 m
2024
711.0 k
2025
702.0 k

SEC (XBRL)· 11 Mar 2026verified

SG&A
2023
65.4 m
2024
73.0 m
2025
79.0 m

SEC (XBRL)· 11 Mar 2026verified

Depreciation & amortisation
2023
—
2024
—
2025
—

SEC (XBRL)· 16 Mar 2023verified

Interest expense
2023
6.3 m
2024
4.7 m
2025
4.0 m

SEC (XBRL)· 11 Mar 2026verified

Pre-tax income
2023
-150.5 m
2024
880.0 k
2025
30.7 m

SEC (XBRL)· 11 Mar 2026verified

Income tax
2023
-51.3 m
2024
-165.0 k
2025
6.6 m

SEC (XBRL)· 11 Mar 2026verified

Net income
2023
-105.9 m
2024
-64.6 m
2025
33.5 m

SEC (XBRL)· 11 Mar 2026verified

Diluted EPS
2023
-3.10
2024
-1.88
2025
0.96

SEC (XBRL)· 11 Mar 2026verified

Weighted average diluted shares
2023
34.1 m
2024
34.3 m
2025
34.7 m

SEC (XBRL)· 11 Mar 2026verified

Dividend per share
2023
0.26
2024
—
2025
—

SEC (XBRL)· 15 Mar 2024verified

Balance sheet · USD

Cash
2023
9.7 m
2024
7.1 m
2025
6.7 m

SEC (XBRL)· 11 Mar 2026verified

Receivables
2023
56.8 m
2024
65.0 m
2025
82.1 m

SEC (XBRL)· 11 Mar 2026verified

Inventories
2023
49.7 m
2024
51.4 m
2025
65.0 m

SEC (XBRL)· 11 Mar 2026verified

Current assets
2023
176.7 m
2024
139.8 m
2025
169.1 m

SEC (XBRL)· 11 Mar 2026verified

Property, plant & equipment, net
2023
151.2 m
2024
137.0 m
2025
133.0 m

SEC (XBRL)· 11 Mar 2026verified

Goodwill
2023
35.7 m
2024
22.4 m
2025
22.4 m

SEC (XBRL)· 11 Mar 2026verified

Intangibles (excl. goodwill)
2023
9.1 m
2024
7.3 m
2025
5.6 m

SEC (XBRL)· 11 Mar 2026verified

Total assets
2023
446.5 m
2024
356.4 m
2025
371.4 m

SEC (XBRL)· 11 Mar 2026verified

Accounts payable
2023
69.3 m
2024
64.7 m
2025
75.8 m

SEC (XBRL)· 11 Mar 2026verified

Short-term debt
2023
126.3 m
2024
1.3 m
2025
498.0 k

SEC (XBRL)· 11 Mar 2026verified

Long-term debt
2023
0
2024
60.6 m
2025
34.6 m

SEC (XBRL)· 11 Mar 2026verified

Current liabilities
2023
249.1 m
2024
91.7 m
2025
104.4 m

SEC (XBRL)· 11 Mar 2026verified

Total liabilities
2023
290.8 m
2024
175.4 m
2025
154.8 m

SEC (XBRL)· 11 Mar 2026verified

Equity
2023
155.7 m †
2024
181.0 m †
2025
216.6 m †

SEC (XBRL)· 11 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
24.0 m
2024
25.5 m
2025
33.0 m

SEC (XBRL)· 11 Mar 2026verified

Capex
2023
26.4 m
2024
14.3 m
2025
17.2 m

SEC (XBRL)· 11 Mar 2026verified

Free cash flow
2023
-2.5 m ≈
2024
11.2 m ≈
2025
15.7 m ≈

SEC (XBRL)· 11 Mar 2026derived

Investing cash flow
2023
-26.2 m
2024
40.5 m
2025
-5.5 m

SEC (XBRL)· 11 Mar 2026verified

Financing cash flow
2023
-4.5 m
2024
-65.0 m
2025
-28.2 m

SEC (XBRL)· 11 Mar 2026verified

Dividends paid
2023
8.9 m
2024
0
2025
0

SEC (XBRL)· 11 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
16.1%
computed by olivLawFY 2017
Revenue CAGR 3Y
0.3%
computed by olivLawFY 2014 → FY 2017
Revenue CAGR 5Y
1.7%
computed by olivLawFY 2012 → FY 2017
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
56.3%
computed by olivLawFY 2017
Net income CAGR 3Y
1.2%
computed by olivLawFY 2014 → FY 2017
Net income CAGR 5Y
6.2%
computed by olivLawFY 2012 → FY 2017
EPS growth (YoY)
54.7%
computed by olivLawFY 2017
EPS CAGR 3Y
0.9%
computed by olivLawFY 2014 → FY 2017
EPS CAGR 5Y
5.7%
computed by olivLawFY 2012 → FY 2017
FCF growth (YoY)
1,184.1%
computed by olivLawFY 2017

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
unavailable
input data missing
FCF margin
unavailable
input data missing

Returns

ROE
15.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
8.5%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
0.0%
computed by olivLawTTM to 30 Jun 2026

Balance sheet

Net debt
28.8 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.2x
computed by olivLawbalance sheet at 30 Jun 2026
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.7x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
1.0x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
43.5 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
20.9 m USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
22.6 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
67.9%
computed by olivLawTTM to 30 Jun 2026
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
254.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
283.2 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Market cap / net income TTM
7.6x
computed by olivLawTTM to 30 Jun 2026
P/E (TTM)
7.6x
computed by olivLawTTM to 30 Jun 2026
Earnings yield
13.2%
computed by olivLawTTM to 30 Jun 2026
P/B
1.1x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
11.2x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
FCF yield
8.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
3.6%
computed by olivLawTTM to 30 Jun 2026
Shareholder yield (distributions)
0.0%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

Risk

Altman Z
unavailable
input data missing

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 56.2% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

7.28 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 254.4 m USD

Key indicators

Market capitalisation
254.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
7.6x
computed by olivLawTTM to 30 Jun 2026
P/B
1.1x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
15.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
unavailable
input data missing
Revenue growth (YoY)
16.1%
computed by olivLawFY 2017
Dividend yield
3.6%
computed by olivLawTTM to 30 Jun 2026

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2017
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 31 Jul 2026
Source: SEC (XBRL)published 07 Aug 2026
verified 2435derived 171

Score by group

56% · Insufficient data

Estimated value range

Low
8.22
USD per share
Mid
10.24
USD per share
High
13.57
USD per share
Price: 7.28 USD
The price is below the range
Potential to the central value: 40.7% (value / price − 1)
Margin of safety: 28.9% (1 − price / value)
Agreement between methods: low · 3 methods used · 3 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.42 – 37.82 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)8.22 – 13.57 (Mid 10.24)
    WACC 8.6% · starting FCFF 24.3 m USD · terminal value share of EV 75%
    The WACC × g sensitivity gives the method's bounds; these are not probabilities.
    Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -12.4%
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/E12.07 – 37.82 (Mid 22.26)
    8 companies used · median multiple 23.2x · quartiles 12.6x – 39.4x
    APWC, BDC, GLW, HWM, KALU, MLI, NX, OCC
  • Dividend discount (DDM)3.42 – 4.59 (Mid 3.92)
Multiple comparisons use the SIC vertical: Primary metal industries (SIC 335x)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 56.2% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Qualityunavailableunavailable—
FCF conversion · Quality67.9%54 (on a fixed band)11%
Revenue CAGR 3Y · Growth0.3%3 (on a fixed band)15%
EPS CAGR 3Y · Growth0.9%6 (on a fixed band)15%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.7x78 (on a fixed band)7%
P/E (TTM) · Valuation7.6x88 (vs peers)19%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation8.9%100 (on a fixed band)15%
Shareholder yield (distributions) · Returns0.0%0 (on a fixed band)11%
Payout ratio (FCF) · Returns0.0%100 (on a fixed band)7%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial78/100 · 1/3 factors with a value
  • Growth4/100 · 2/2 factors with a value
  • Quality· partial54/100 · 1/3 factors with a value
  • Returns40/100 · 2/2 factors with a value
  • Valuation93/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Tredegar Corporation (TG). Latest full fiscal year: 2017; data up to 2026-06-30.

Figures computed from the financial statements: YoY growth 16.1%; ROE 15.8%.

The estimated value range is 8.22–13.57 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 10.24 USD, the price of 7.28 USD leaves a potential of 40.7% (value / price − 1) and a margin of safety of 28.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 56.2% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 1.7x
  • P/E (TTM): 7.6x
  • FCF yield: 8.9%
  • Payout ratio (FCF): 0.0%
  • The price is below the estimated value range

What contradicts it

  • Revenue CAGR 3Y: 0.3%
  • EPS CAGR 3Y: 0.9%
  • Shareholder yield (distributions): 0.0%
  • The valuation methods diverge

Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, Net debt / EBITDA, Interest coverage, EV/EBITDA.

Versus the vertical median

Primary metal industries (SIC 335x) · same industry group (3-digit SIC) · compared with 8 companies

Multiples and returns vs the median

P/E
7.6x
vertical median 23.2x
below median (−67.3%)
EV/EBITDA
—
vertical median 7.5x
P/S
—
vertical median 1.3x
P/B
1.1x
vertical median 3.2x
below median (−65.1%)
ROE
15.8%
vertical median 16.3%
at median
Net margin
—
vertical median 5.2%
EBIT margin
—
vertical median 8.3%
Revenue YoY
16.1%
vertical median 11.0%
above median (+45.4%)
Net debt/EBITDA
—
vertical median 0.6x
Dividend yield
3.6%
vertical median 0.9%
above median (+278.7%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
GLWCorning Inc102.3 bn48.117.1%12.1%+19.1%+41% / +317%
HWMHowmet Aerospace Inc.84.9 bn41.837.7%21.1%+11.1%+4% / +306%
MLIMueller Industries, Inc12.0 bn13.926.2%17.3%+10.9%+0% / +166%
BDCBelden Inc.4.1 bn23.613.4%5.6%+10.3%−7% / +58%
KALUKaiser Aluminum Corporation1.8 bn8.624.5%4.8%+11.5%+15% / +89%
NXQuanex Building Products Corporation1.0 bn22.86.2%2.4%+43.8%+74% / −27%
TGTredegar Corporation254.4 m7.615.8%—+16.1%+14% / +52%
OCCOptical Cable Corporation99.1 m38.615.6%3.1%+9.5%+38% / +329%
APWCAsia Pacific Wire & Cable Corporation Limited23.1 m6.62.2%0.7%+11.0%−34% / −17%

1- and 3-year price returns: for TG from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Tredegar makes custom aluminum extrusions for construction, automotive and specialty markets in the United States, and surface protection and packaging films through two segments. In 2025 sales reached 722.9 million USD, and in the second quarter of 2026 extrusion profits rose on metal cost pass-through and demand for data-center infrastructure, amid trade and tariff uncertainty.

SWOT

Strengths

  • The company holds a strong position in building-related aluminum profiles and TSLOTS framing systems, with the extrusion segment making up most of sales 13.
  • The metal cost pass-through mechanism and price increases partly limit the impact of raw material volatility 13.
  • The films segment holds patents and registered trademarks and its products serve high-technology applications 1.

Weaknesses

  • The company relies heavily on the U.S. nonresidential construction market, which is cyclical and declined in 2026 13.
  • Four customers account for most films segment sales, raising exposure to the loss of one customer 1.
  • Some equipment is aging and more prone to failure, which can affect production and maintenance costs 1.

Opportunities

  • If demand for data-center infrastructure continues, expansion of TSLOTS could support segment growth 3.
  • The transformation and cost reduction program could produce benefits within six to nine months, according to management 3.
  • Entry into higher-value adjacent markets within films could diversify revenue 3.

Threats

  • Undervalued imports and inconsistent tariffs could reduce the market share of U.S. producers 1.
  • Geopolitical conflicts in the Middle East could raise raw material prices and disrupt supply chains 1.
  • Economic slowdown and inflation could reduce demand in construction and consumer durables 13.

Risks

  • Tariffs and tradehigh

    Higher tariffs or trade barriers could disrupt supply chains and increase product costs 1.

  • Decline in new ordershigh

    After the tariff rose to 50%, new orders fell sharply, and open orders are below the normal level for stable demand 13.

  • Credit facility covenantsmedium

    Failure to meet covenants in the ABL facility could make debt due immediately and limit borrowing capacity 1.

  • Aging equipmentmedium

    If aging equipment is not replaced, breakdowns and outages could affect production and customer deliveries 1.

  • Environmental regulationlow

    Emissions rules and customer sustainability demands could create additional costs that are hard to estimate 1.

Investment thesis

What would need to be true (bull case)

  • If demand for data-center infrastructure continues, the TSLOTS line could support higher profitability in aluminum.
  • The cost pass-through mechanism and new price adjustments could help margins hold under volatile conditions.
  • If the cost reduction program delivers the announced benefits, operating profitability could improve.

What would break the thesis

  • Volumes in nonresidential construction and consumer durables have fallen, and a prolonged decline could reduce revenue.
  • If undervalued imports keep gaining share, U.S. producers could lose competitiveness.
  • Customer concentration in films and dependence on tariff outcomes remain significant vulnerabilities.

What to watch

  • Trend in volumes and new orders in aluminum after the tariff changesQ3 2026
  • Effect of the cost reduction program on EBITDA2027
  • Demand for TSLOTS linked to data-center growthnext 10-K
  • Compliance with ABL facility covenants and debt levelQ4 2026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

Tredegar Corporation is an industrial manufacturer with two segments. Aluminum Extrusions, also known as Bonnell Aluminum, produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished, for building and construction, automotive, consumer durables, machinery and renewable energy, with facilities in the United States 1. High Performance Films makes surface protection films for components in displays and electronics and films for packaging, selling mainly in the U.S. and Asia, where the top four customers made up 88% of segment net sales in 2025 1. In August 2026 the company announced an internal transformation called 'One Tredegar' focused on cost reduction and capital discipline 3.

Market context

The U.S. aluminum extrusion market is shaped by tariffs: the Section 232 tariff rose to 50% in June 2025, and weekly net new orders fell 23.6% after that increase, according to the annual report 1. Open orders were 23 million pounds at the end of the second quarter of 2026 3. Tariff changes announced in April 2026 could create a more balanced competitive environment if the undervaluation of imports is closed 3.

Trends

  • Tariffs and cheap importsmixed

    Tariffs and antidumping duties limit imports, but undervaluation of fabricated products can reduce their effect for U.S. producers 1. If the new measures close this gap, competitive pressure could ease.

  • Data-center and infrastructure demandtailwind

    Demand for TSLOTS aluminum framing systems is rising with data-center expansion, and growing this line is a stated goal 3.

  • Weak construction and consumer demandheadwind

    Nonresidential construction and consumer durables volumes have fallen under cost pressure and economic uncertainty 3.

  • Raw material and energy costsmixed

    Aluminum, resin and natural gas prices are volatile, and the company tries to pass higher costs to customers, without assurance it can do so fully or on time 1.

Competitive position

Aluminum Extrusions competes mainly on product quality, service and price, and competition from imports, including from China, is a key factor 1. In films, competition comes from global producers, and price pressure could rise if rivals become more aggressive 1. The sources provided do not name specific competitors.

  • Chinese and other foreign aluminum extruders

    Unfairly traded imports are described as a major threat to the U.S. industry, and foreign producers try to evade antidumping duties 1.

  • Asian surface protection film producers

    The films segment sells in the U.S. and Asia, where competition has pressured prices 1.

  • Other U.S. aluminum extruders

    Domestic peers face the same tariff environment, and gains by U.S. producers have diminished 1.

  • Polyethylene and polypropylene resin suppliers

    Raw material suppliers influence costs in the films segment and are a source of volatility 1.

News & filings

In the press

No news in our archive over the last 180 days.

SEC filings

  • Current report15 Sept 2026
    Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
  • Current report11 Sept 2026
    Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
  • Current report20 Aug 2026
    Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
  • Current report07 Aug 2026
    Results of operations · Financial statements and exhibits
  • Quarterly report07 Aug 2026
  • Current report31 Jul 2026
    Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
  • Current report27 May 2026
    Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
  • Current report13 May 2026
    Shareholder vote
  • Current report08 May 2026
    Results of operations · Financial statements and exhibits
  • Quarterly report08 May 2026

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Tredegar Corporation · 11 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Tredegar Corporation · 07 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Tredegar Corporation · 07 Aug 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.