TG Stock Tumbles 19% As It Incurs Q3 Loss on Soft Construction Demand Zacks Equity Research Thu, November 12, 2026 at 1:00 PM EST 4 min read TG -1.92% ^GSPC -0.09% Trade TG on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Shares of Tredegar Corporation TG have declined 18.6% since the company reported its earnings for the quarter ended Sept. 30, 2026, underperforming the S&P 500 index, which has gained 3.7% over the same period. Over the past month, TG shares have fallen 24.7% compared with the benchmark index's 3.2% decline.
Tredegar incurred a third-quarter 2026 net loss of 8 cents per share, against a net income of 20 cents per share a year earlier.
Revenues of $207.2 million denoted a 6.3% rise from $194.9 million in the year-ago quarter.
Despite higher revenues, the company reported a net loss from continuing operations of $2.8 million, against a net income of $7.1 million a year earlier. Excluding special items, Tredegar recorded a loss from ongoing operations of $1.4 million against earnings of $9.2 million in the prior-year quarter.
Tredegar Corporation price-consensus-eps-surprise-chart | Tredegar Corporation Quote
Aluminum Extrusions, operating as Bonnell Aluminum, reported third-quarter net sales of $177.3 million, up 9.1% from $162.5 million a year earlier. The increase primarily reflected higher metal-cost pass-through, partially offset by an 11.6% decline in sales volume. EBITDA from ongoing operations plunged 84.9% to $2.5 million from $16.8 million, reflecting weaker shipments and higher operating costs.
High Performance Films generated net sales of $23.8 million, declining 8.1% from $25.9 million in the prior-year quarter. Sales volume decreased 13.4%, reflecting weaker demand and unfavorable product mix. EBITDA from ongoing operations declined 35.6% to $4.7 million from $7.2 million.
Consolidated EBITDA from ongoing operations declined to $4.1 million from $18.1 million in the year-ago quarter.
Bonnell Aluminum's nonresidential building and construction volumes decreased 14%, while consumer durables and automotive and transportation volumes declined 22% and 17%, respectively. However, TSLOTS shipments increased 48%, supported by demand for modular aluminum framing systems.
Net new orders averaged 2.8 million pounds weekly, compared with 2.6 million pounds a year earlier. Open orders increased to 24 million pounds from 19 million pounds.
As of Sept. 30, 2026, Tredegar held cash and cash equivalents of $16.3 million, compared with $6.7 million as of Dec. 31, 2025.
Total assets increased to $400.6 million from $371.4 million.
Total debt increased to $49 million from $35.1 million, while net debt rose to $32.7 million from $28.4 million.
Shareholders' equity rose to $225.4 million from $216.6 million.
Bonnell Aluminum faced continued weakness in construction demand, higher labor costs and maintenance expenses. The timing of aluminum-cost pass-through resulted in a $2.8 million charge, compared with a $4.3 million benefit in the prior-year quarter.
High Performance Films experienced weaker Surface Protection demand amid consumer electronics market softness and inventory corrections. Higher resin costs and unfavorable customer and product mix further pressured profitability, partially offset by cost improvements.
President and CEO Arijit DasGupta acknowledged that third-quarter performance fell short of expectations, citing market pressures and execution challenges. Management emphasized improving productivity, operating reliability, cost discipline and cash generation.
Tredegar expects to begin realizing benefits from its One Tredegar initiative in the first quarter of 2027.
For 2026, Bonnell Aluminum's capital expenditures are projected at $17 million, including $4 million for productivity initiatives. High Performance Films' capital expenditures are projected at $2 million.
Management cautioned that memory chip market pressures could continue affecting High Performance Films' production volumes and product mix through the remainder of 2026.
Tredegar continued implementing its One Tredegar restructuring initiative, consolidating enterprise leadership, simplifying organizational structures and eliminating functional redundancies. The company also strengthened its leadership team to improve accountability and operational execution.
Third-quarter asset impairments and costs associated with exit and disposal activities totaled $0.7 million, compared with $0.4 million in the prior-year period.
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