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Tredegar Swings To Profit In Q2
(RTTNews) - Industrial manufacturer Tredegar Corp. (TG) reported Wednesday net income for the second quarter was $8.79 million or $0.26 per share, compared to a net loss of $18.92 million or $0.56 per share in the prior-year quarter.
Excluding items, adjusted net income from ongoing operations were $0.30 per share, compared to adjusted net loss from ongoing operations of $0.06 per share in the year-ago quarter.
Total sales for the quarter increased to $190.24 million from $178.17 million in the same quarter last year.
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Industrial manufacturer Tredegar Corp. (TG) announced Thursday that, as part of the Brazilian merger review process regarding the sale of Terphane to Oben Group, the General Superintendence of the Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending the rejection of the transaction.
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