特里迪加 2025年季度报告

Tredegar Corporation Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yesx No¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Part IFinancial Information Item1.Financial StatementsCondensed Consolidated Balance Sheets (unaudited)Condensed Consolidated Statements of Income (Loss) (unaudited)Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited)Condensed Consolidated Statements of Cash Flows (unaudited)Condensed Consolidated Statements of Shareholders' Equity (unaudited) Notes to the Condensed Consolidated Financial Statements (unaudited)Item2.Management's Discussion and Analysis of Financial Condition and Results of Operations PartIIOther InformationItem 1A.Risk FactorsItem 5.Other InformationItem6.Exhibits Tredegar CorporationCondensed Consolidated Statements of Income (Loss) Tredegar CorporationCondensed Consolidated Statements of Shareholders’ Equity 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In the opinion of management, the accompanying condensed consolidated financial statements of Tredegar Corporation and itssubsidiaries (“Tredegar,” “the Company,” “we,” “us” or “our”) contain all adjustments necessary to state fairly, in all material respects,Tredegar’s condensed consolidated financial position as of March31, 2025, the condensed consolidated results of operations for thethree months ended March31, 2025 and 2024, the condensed consolidated cash flows for the three months ended March31, 2025 and The Company operates on a calendar fiscal year except for the Aluminum Extrusions segment, which operates on a 52/53-weekfiscal year basis.As such, the fiscal first quarter for 2025 and 2024 for this segment references 13-week periods ended March 30,2025 and March 31, 2024, respectively.The Company does not believe the impact of reporting the results of this segment as statedabove is material to the consolidated financial results. The Company may fund or receive cash from the Aluminum Extrusionssegment based on Aluminum Extrusion’s cash flows from operations during the intervening period from Aluminum Extrusion’s fiscal The condensed consolidated financial statements as of December31, 2024 that is included herein was derived from the auditedconsolidated financial statements provided in the Company’s Annual Report on Form 10-K for the year ended December31, 2024(“2024 Form 10-K”) but does not include all disclosures required by GAAP. These financial statements should be read in conjunction The results of operations for the three months ended March31, 2025, are not necessarily indicative of the results to be expectedfor the full year. Sale of Flexible Packaging Films On November 1, 2024, the Company completed the sale of its flexible packaging films business (also referred to as “Terphane”)headquartered in Brazil to Oben Group (“Oben”). Commencing in the fourth quarter of 2024, all historical results for Terphane havebeen presented as discontinued operations. For more information on this transaction, see Note 11. Closure of PE Films Technical Center In August 2023, the Company adopted a plan to close the PE Films technical center in Richmond, VA and reduce its efforts todevelop and sell films supporting the semiconductor market. Research & development activities for PE Films are now beingperformed at the production facility in Pottsville, PA. PE Films continues to have new business opportunities primarily relating tosurface protection films that protect components of flat panel and flexible displays. All activities ceased at the PE Films technical Accounting standards not yet adopted In October 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-06 toamend various paragraphs in the Accounting Standards Codification ("ASC") to primarily reflect the issuance of U.S. Securities andExchange Commission ("SEC") Staff Bulletin No. 33-10532. ASU 2023-06 will impact various disclo