Tredegar: Q4 Earnings Snapshot

RICHMOND, Va. (AP) _ Tredegar Corp. (TG) on Tuesday reported fourth-quarter net income of $895,000, after reporting a loss in the same period a year earlier.

The Richmond, Virginia-based company said it had net income of 2 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 29 cents per share.

The plastic films maker posted revenue of $192.5 million in the period.

For the year, the company reported a loss of $75.4 million, or $2.26 per share, swinging to a loss in the period. Revenue was reported as $755.3 million.

Tredegar shares have risen slightly more than 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.26, a climb of 37% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TG at https://www.zacks.com/ap/TG

Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.

Comments

Sign up for breaking news alerts