TREDEGAR CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - November 9, 2015

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8-K - 8-K - TREDEGAR CORPtg-20150930x8kearningsrele.htm
EX-99.3 - EXHIBIT 99.3 - TREDEGAR CORPtg-20151109xex993segmentca.htm
EX-99.4 - EXHIBIT 99.4 - TREDEGAR CORPtg-20151109xex994segmentvo.htm
EX-99.1 - EXHIBIT 99.1 - TREDEGAR CORPtg-20150930xearningsrelease.htm
Exhibit 99.2

Quarterly Net Sales and Operating Profit from Ongoing Operations by Segment for 2015, 2014 & 2013

(In Thousands)
First Quarter 2015
 
Second Quarter 2015
 
Third Quarter 2015
Net Sales
 
 
 
 
 
PE Films
$
106,357

 
$
91,959

 
$
93,943

Flexible Packaging Films
26,844

 
23,340

 
27,155

Aluminum Extrusions
93,645

 
98,203

 
94,812

Total net sales
226,846

 
213,502

 
215,910

Add back freight
7,325

 
7,743

 
7,862

Sales as shown in the Consolidated Statements of Income
234,171

 
221,245

 
223,772

Operating Profit
 
 
 
 
 
PE Films:
 
 
 
 
 
Ongoing operations
16,832

 
9,272

 
9,745

Plant shutdowns, asset impairments, restructurings and other
—

 
(7
)
 
(2,044
)
Flexible Packaging Films:
 
 
 
 
 
Ongoing operations
785

 
(3,094
)
 
4,102

Plant shutdowns, asset impairments, restructurings and other
67

 
(252
)
 
—

Goodwill impairment charge
—

 
—

 
(44,465
)
Aluminum Extrusions:
 
 
 
 
 
Ongoing operations
5,292

 
8,299

 
7,272

Plant shutdowns, asset impairments, restructurings and other
(15
)
 
(18
)
 
(331
)
Total
22,961

 
14,200

 
(25,721
)
Interest income
89

 
82

 
76

Interest expense
885

 
893

 
901

Stock option-based compensation costs
300

 
198

 
73

Corporate expenses, net
7,216

 
11,694

 
6,722

Income (loss) from continuing operations before income taxes
14,649

 
1,497

 
(33,341
)
Income taxes from continuing operations
4,779

 
903

 
3,382

Income (loss) from continuing operations
9,870

 
594

 
(36,723
)
Income (loss) from discontinued operations, net of tax
—

 
—

 
—

Net income (loss)
$
9,870

 
$
594

 
$
(36,723
)



Exhibit 99.2

Quarterly Net Sales and Operating Profit from Ongoing Operations by Segment for 2015, 2014 & 2013
(continued)
(In Thousands)
First Quarter 2014
 
Second Quarter 2014
 
Third Quarter 2014
 
Fourth Quarter 2014
Net Sales
 
 
 
 
 
 
 
PE Films
$
121,079

 
$
118,658

 
$
115,155

 
$
109,448

Flexible Packaging Films
28,081

 
27,358

 
27,943

 
30,965

Aluminum Extrusions
79,283

 
84,548

 
89,605

 
90,910

Total net sales
228,443

 
230,564

 
232,703

 
231,323

Add back freight
6,770

 
6,401

 
7,726

 
7,896

Sales as shown in the Consolidated Statements of Income
235,213

 
236,965

 
240,429

 
239,219

Operating Profit
 
 
 
 
 
 
 
PE Films:
 
 
 
 
 
 
 
Ongoing operations
16,651

 
16,052

 
14,471

 
13,797

Plant shutdowns, asset impairments, restructurings and other
(1,245
)
 
(10,923
)
 
(113
)
 
43

Flexible Packaging Films:
 
 
 
 
 
 
 
Ongoing operations
71

 
(1,089
)
 
(1,265
)
 
(634
)
Plant shutdowns, asset impairments, restructurings and other
—

 
—

 
(297
)
 
(292
)
Aluminum Extrusions:
 
 
 
 
 
 
 
Ongoing operations
4,761

 
8,050

 
5,752

 
7,101

Plant shutdowns, asset impairments, restructurings and other
—

 
(174
)
 
(126
)
 
(676
)
Total
20,238

 
11,916

 
18,422

 
19,339

Interest income
195

 
107

 
117

 
169

Interest expense
630

 
531

 
590

 
962

Gain (loss) on investment accounted for under fair value method
—

 
(1,100
)
 
4,000

 
(900
)
Gain on sale of investment property
—

 
1,208

 
—

 
—

Stock option-based compensation costs
241

 
345

 
358

 
328

Corporate expenses, net
6,475

 
5,339

 
5,477

 
7,019

Income from continuing operations before income taxes
13,087

 
5,916

 
16,114

 
10,299

Income taxes from continuing operations
4,608

 
2,164

 
5,369

 
(2,754
)
Income from continuing operations
8,479

 
3,752

 
10,745

 
13,053

Income (loss) from discontinued operations, net of tax
—

 
—

 
850

 
—

Net income
$
8,479

 
$
3,752

 
$
11,595

 
$
13,053




Exhibit 99.2

Quarterly Net Sales and Operating Profit from Ongoing Operations by Segment for 2015, 2014 & 2013
(continued)
(In Thousands)
First Quarter 2013
 
Second Quarter 2013
 
Third Quarter 2013
 
Fourth Quarter 2013
Net Sales
 
 
 
 
 
 
 
PE Films
$
122,909

 
$
126,718

 
$
124,348

 
$
121,411

Flexible Packaging Films
31,476

 
31,548

 
32,839

 
29,990

Aluminum Extrusions
79,939

 
77,855

 
78,499

 
73,189

Total net sales
234,324

 
236,121

 
235,686

 
224,590

Add back freight
7,202

 
7,409

 
7,508

 
6,506

Sales as shown in the Consolidated Statements of Income
241,526

 
243,530

 
243,194

 
231,096

Operating Profit
 
 
 
 
 
 
 
PE Films:
 
 
 
 
 
 
 
Ongoing operations
14,764

 
16,644

 
16,597

 
13,861

Plant shutdowns, asset impairments, restructurings and other
(102
)
 
(107
)
 
(155
)
 
(307
)
Flexible Packaging Films:
 
 
 
 
 
 
 
Ongoing operations
2,243

 
2,083

 
3,020

 
1,754

Plant shutdowns, asset impairments, restructurings and other
—

 
—

 
—

 
—

Aluminum Extrusions:
 
 
 
 
 
 
 
Ongoing operations
4,614

 
4,311

 
3,426

 
5,940

Plant shutdowns, asset impairments, restructurings and other
(253
)
 
(545
)
 
(160
)
 
(1,790
)
Total
21,266

 
22,386

 
22,728

 
19,458

Interest income
78

 
91

 
138

 
287

Interest expense
690

 
715

 
727

 
738

Gain (loss) on investment accounted for under fair value method
1,100

 
2,100

 
(3,100
)
 
3,300

Unrealized loss on investment property
—

 
(1,018
)
 
—

 
—

Stock option-based compensation costs
316

 
283

 
260

 
296

Corporate expenses, net
8,157

 
7,487

 
8,414

 
7,799

Income from continuing operations before income taxes
13,281

 
15,074

 
10,365

 
14,212

Income taxes from continuing operations
3,764

 
5,484

 
2,937

 
4,810

Income from continuing operations
9,517

 
9,590

 
7,428

 
9,402

Income (loss) from discontinued operations, net of tax
(5,240
)
 
(8,300
)
 
(450
)
 
—

Net income
$
4,277

 
$
1,290

 
$
6,978

 
$
9,402



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