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Tredegar posts 4Q profit

RICHMOND, Va. (AP) _ Tredegar Corp. (TG) on Wednesday reported fourth-quarter net income of $1.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Richmond, Virginia-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The plastic films maker posted revenue of $204.8 million in the period.

For the year, the company reported net income of $24.5 million, or 75 cents per share, swinging to a profit in the period. Revenue was reported as $828.3 million.

Tredegar shares have fallen roughly 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.60, an increase of 79 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TG at https://www.zacks.com/ap/TG


Keywords: Tredegar, Earnings Report