Tredegar Shares Gain on Higher 2Q Profit, Aluminum Margin Tailwinds

Dow Jones
08/08
 

Shares of Tredegar rose after the company reported a higher profit and revenue growth in the second quarter, boosted by headwinds in its aluminum extrusions business.

Shares were up 10% to $8.54 in midday Friday trading. The stock is up 19% year-to-date.

The industrial manufacturer on Friday reported a profit of $6 million, or 17 cents a share, compared with $1.7 million, or 5 cents a share, a year earlier.

Stripping out certain one-time items, adjusted earnings from ongoing operations were 18 cents a share.

Sales rose to $216.2 million from $179.1 million a year prior.

Aluminum extrusions sales rose to $184.1 million from $148.4 million. Adjusted earnings before interest, taxes, depreciation, and amortization for the segment rose 56% to $14.5 million, driven by metal-related margin tailwinds, Chief Executive Officer Arijit (Bapi) DasGupta said.

"Our businesses continued to generate solid profitability, even while market conditions remain mixed and influenced by ongoing economic uncertainty and trade policy," DasGupta said.

The company said it has secured nearly all of its aluminium supply requirements through the rest of the year and is evaluating its 2027 supply needs to minimize exposure to the supply chain in the Middle East.

 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10