--- title: "Tredegar | 8-K: FY2025 Revenue: USD 698.73 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/278721045.md" datetime: "2026-03-11T12:28:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278721045.md) - [en](https://longbridge.com/en/news/278721045.md) - [zh-HK](https://longbridge.com/zh-HK/news/278721045.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/278721045.md) | [English](https://longbridge.com/en/news/278721045.md) # Tredegar | 8-K: FY2025 Revenue: USD 698.73 M Revenue: As of FY2025, the actual value is USD 698.73 M. EPS: As of FY2025, the actual value is USD 0.69. EBIT: As of FY2025, the actual value is USD 37.24 M. #### Overall Company Performance ##### Net Income Net income from continuing operations for the fourth quarter of 2025 was $14.5 million, compared to - $7.3 million in the fourth quarter of 2024. For the full year 2025, net income from continuing operations was $24.1 million, an increase from $1.0 million in 2024. Net income from ongoing operations was $11.0 million in the fourth quarter of 2025, an increase from $2.0 million in the fourth quarter of 2024. Full year 2025 net income from ongoing operations was $25.7 million, compared to $17.2 million in 2024. ##### Consolidated EBITDA from Ongoing Operations Consolidated EBITDA from ongoing operations was $18.9 million for the three months ended December 31, 2025, compared to $11.1 million for the same period in 2024. For the full year, Consolidated EBITDA from ongoing operations was $58.5 million in 2025, up from $50.5 million in 2024. ##### Total Sales Total sales for the fourth quarter of 2025 were $184.068 million, compared to $154.049 million in the fourth quarter of 2024. For the full year 2025, total sales reached $722.864 million, an increase from $598.025 million in 2024. ##### Cash Flow from Operating Activities Net cash provided by operating activities for the year ended December 31, 2025, was $32.977 million, compared to $25.508 million in 2024. ##### Debt and Liquidity Total debt at December 31, 2025, was $35.1 million, down from $61.9 million at December 31, 2024. Cash and cash equivalents were $6.7 million at December 31, 2025, compared to $7.1 million at December 31, 2024. Net debt was $28.4 million at December 31, 2025, a decrease from $54.8 million at December 31, 2024. Funds available to borrow under the ABL Facility were approximately $87 million as of December 31, 2025. The median daily liquidity under the ABL Facility during the fourth quarter of 2025 was $82 million, compared with $53 million during the third quarter of 2025. The net leverage ratio was 0.5 at December 31, 2025, significantly lower than 1.1 at December 31, 2024. ##### Interest Expense Interest expense for the full year 2025 was $4.0 million, compared to $4.7 million in 2024. ##### Effective Tax Rate The effective tax rate from continuing operations for 2025 was 21.5%, compared to -18.8% for 2024. #### Aluminum Extrusions Segment ##### Segment Revenue Net sales for Aluminum Extrusions were $154.505 million in the fourth quarter of 2025, a 26.2% increase from $122.462 million in the fourth quarter of 2024. Full year net sales for 2025 were $598.975 million, up 27.0% from $471.815 million in 2024. ##### Operational Metrics EBITDA from ongoing operations was $15.7 million in the fourth quarter of 2025, a 61.4% increase from $9.7 million in the fourth quarter of 2024, but a decrease from $16.8 million in the third quarter of 2025. For the full year 2025, EBITDA from ongoing operations was $50.958 million, up 23.2% from $41.357 million in 2024. Sales volume was 37.2 million pounds in the fourth quarter of 2025, up 3.7% from 35.8 million pounds in the fourth quarter of 2024, but a 9.9% decrease from 41.3 million pounds in the third quarter of 2025. Full year sales volume for 2025 was 157.071 million pounds, an increase of 12.9% from 139.152 million pounds in 2024. Net new orders decreased 6% in the fourth quarter of 2025 versus the fourth quarter of 2024, but increased 2% versus the third quarter of 2025. Net new orders for the second half of 2025 decreased 19.8% versus the first half of 2025. Open orders were 17 million pounds at the end of the fourth quarter of 2025, consistent with the end of the fourth quarter of 2024, but down from 19 million pounds at the end of the third quarter of 2025. Sales volume by end-use market in Q4 2025 showed Non-residential B&C at 19.7 million lbs (up 8.2% YoY), Residential B&C at 2.2 million lbs (down 8.3% YoY), Automotive at 2.8 million lbs (up 7.7% YoY), and Specialty products at 12.5 million lbs (down 0.8% YoY). ##### Capital Expenditures and Depreciation & Amortization Capital expenditures were $7.556 million in the fourth quarter of 2025 and $15.392 million for the full year 2025. Depreciation & amortization was - $4.131 million in the fourth quarter of 2025 and - $16.640 million for the full year 2025. ##### Outlook / Guidance Capital expenditures for Bonnell Aluminum are projected to be $20 million in 2026, including $7 million for productivity projects and $13 million for continuity of operations. Depreciation expense is projected to be $14 million and amortization expense $2 million in 2026. The Company anticipates capital spending to increase from the levels of the past two years, returning to a pattern more closely aligned with depreciation and amortization, supporting ongoing maintenance and efficiency initiatives. #### High Performance Films Segment (formerly PE Films) ##### Segment Revenue Net sales for High Performance Films were $23.739 million in the fourth quarter of 2025, a 10.0% decrease from $26.388 million in the fourth quarter of 2024. Full year net sales for 2025 were $99.756 million, down 5.2% from $105.199 million in 2024. ##### Operational Metrics EBITDA from ongoing operations was $5.7 million in the fourth quarter of 2025, a 25.0% decrease from $7.6 million in the fourth quarter of 2024, and lower than $7.2 million in the third quarter of 2025. For the full year 2025, EBITDA from ongoing operations was $27.137 million, down 11.0% from $30.486 million in 2024. Sales volume was 9.2 million pounds in the fourth quarter of 2025, up 1.5% from 9.1 million pounds in the fourth quarter of 2024. Full year sales volume for 2025 was 38.328 million pounds, a decrease of 2.5% from 39.324 million pounds in 2024. Surface Protection sales volume decreased 8.0% in Q4 2025 versus Q4 2024, while advanced packaging films volume increased 16% in Q4 2025. For the full year, surface protection films volume decreased 4% in 2025 versus 2024, and advanced packaging films volume decreased 1%. ##### Capital Expenditures and Depreciation & Amortization Capital expenditures were $438 thousand in the fourth quarter of 2025 and $1.849 million for the full year 2025. Depreciation & amortization was - $1.190 million in the fourth quarter of 2025 and - $4.895 million for the full year 2025. ##### Outlook / Guidance Surface protection volumes for High Performance Films are expected to soften in the first quarter of 2026 due to a significant customer’s inventory correction and scheduled maintenance. Tredegar Corporation continues to pursue opportunities in adjacent markets, such as automotive displays and protection of functional films. Capital expenditures for High Performance Films are projected to be $3 million in 2026, including $1 million for productivity projects and $2 million for continuity of operations. ##### Overall Company Outlook The outlook for Tredegar Corporation in 2026 remains uncertain due to challenging market conditions, tariff-related cost pressures, and weather-related disruptions, though the company believes it is outperforming the broader market. ### 相關股票 - [Tredegar (TG.US)](https://longbridge.com/zh-HK/quote/TG.US.md) ## 相關資訊與研究 - [Harbor Capital Advisors Inc. 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