TREDEGAR CORP (TG) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Other	1,104.4	903.5	779.5	884.5	948.5	780.4	614.1	750.9
Aluminum Extrusions	637.9	539.3	455.7	529.6	573.1	466.8	360.1	375.5
PE Films	97.6	118.9	7.5	133.8	127.7	7.0	331.1	90.2
Total revenues [+]	938.6	826.5	755.3	826.3	851.8	961.3	828.3	896.2
Products	938.6	826.5	755.3	826.3	851.8			896.2
Revenue growth [+]	13.6%	9.4%	-8.6%	-3.0%	-11.4%	16.1%	-7.6%	-5.8%
Other	22.2%	15.9%	-11.9%	-6.7%	21.6%	27.1%	-18.2%	9.0%
Aluminum Extrusions	18.3%	18.3%	-14.0%	-7.6%	22.8%	29.6%	-4.1%	9.0%
PE Films	-18.0%	1487.5%	-94.4%	4.8%	1733.8%	-97.9%	267.1%	-75.5%
Cost of goods sold [+]	819.2	696.6	603.7	641.1	679.7	920.1	659.9	755.3
Cost of product sales								725.5
Transportation costs								29.8
Gross profit	119.4	129.9	151.6	185.2	172.2	41.2	168.5	140.9
Gross margin	12.7%	15.7%	20.1%	22.4%	20.2%	4.3%	20.3%	15.7%
Selling, general and administrative	78.8	75.0	84.2	76.6	67.9	83.4	73.5	71.9
Research and development	6.2	6.3	8.4	7.9	6.7	18.3	19.1	16.2
Other operating expenses	-4.3	-42.4	135.0	-3.7	-19.0	-103.4	42.0	7.9
EBITDA [+]	65.1	114.8	-44.1	148.7	150.3	83.2	66.3	79.9
EBITDA growth	-43.3%	-360.2%	-129.7%	-1.1%	80.6%	25.5%	-16.9%	-16.5%
EBITDA margin	6.9%	13.9%	-5.8%	18.0%	17.6%	8.7%	8.0%	8.9%
Depreciation	23.9	22.1	28.9	30.7	29.8	34.1	28.5	30.9
EBITA	41.2	92.7	-73.0	118.0	120.5	49.2	37.8	48.9
EBITA margin	4.4%	11.2%	-9.7%	14.3%	14.1%	5.1%	4.6%	5.5%
Amortization of intangibles	2.5	1.7	3.0	13.6	4.0	6.2	4.0	4.1
EBIT [+]	38.7	91.0	-76.1	104.4	116.5	43.0	33.9	44.9
EBIT growth	-57.5%	-219.6%	-172.8%	-10.4%	171.2%	26.9%	-24.5%	-18.2%
EBIT margin	4.1%	11.0%	-10.1%	12.6%	13.7%	4.5%	4.1%	5.0%
Non-recurring items [+]			13.7					44.5
Asset impairment			13.7					44.5
Interest expense, net [+]	4.9	3.3	2.5	4.0	5.6	6.0	3.5	3.2
Interest expense	5.0	3.4	2.6	4.1	5.7	6.2	3.8	3.5
Interest income	0.1	0.1	0.0	0.1	0.1	0.2	0.3	0.3
Other income (expense), net	-1.0	-20.4	67.3	-28.4	-30.6	-51.9	-2.6	-20.4
Pre-tax income	32.8	67.2	-25.0	72.0	80.4	-14.9	27.7	-23.2
Income taxes	4.4	9.3	-8.2	13.5	18.8	-53.2	3.2	8.9
Tax rate	13.4%	13.8%	32.8%	18.8%	23.4%	356.5%	11.6%
Earnings from continuing ops	28.4	57.9	-16.8	58.5	61.6	38.3	24.5	-32.1
Earnings from discontinued ops	0.1	-0.1	-58.6
Net income	28.5	57.8	-75.4	48.3	24.8	38.3	24.5	-32.1
Net margin	3.0%	7.0%	-10.0%	5.8%	2.9%	4.0%	3.0%	-3.6%

Basic EPS [+]	$0.84	$1.73	($0.50)	$1.76	$1.86	$1.16	$0.75	($0.99)
Growth	-51.4%	-442.5%	-128.7%	-5.5%	60.2%	55.5%	-175.7%	-188.4%
Diluted EPS [+]	$0.84	$1.72	($0.50)	$1.76	$1.86	$1.16	$0.75	($0.99)
Growth	-51.2%	-441.4%	-128.7%	-5.5%	60.3%	55.5%	-175.7%	-189.1%

Dividends per share [+]	$0.50	$0.48	$6.45	$0.46	$0.44	$0.44	$0.44	$0.42
Growth	4.2%	-92.6%	1302.2%	4.5%	0.0%	0.0%	4.8%	23.5%

Shares outstanding (basic) [+]	33.8	33.6	33.4	33.3	33.1	32.9	32.8	32.6
Growth	0.7%	0.5%	0.4%	0.5%	0.4%	0.6%	0.6%	0.9%
Shares outstanding (diluted) [+]	33.8	33.7	33.4	33.3	33.1	33.0	32.8	32.6
Growth	0.5%	0.8%	0.4%	0.5%	0.4%	0.5%	0.6%	0.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.