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Tredegar: Q2 Earnings Snapshot
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Tredegar: Q2 Earnings Snapshot
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A robust economic recovery outlook has unleashed a manufacturing boom so far this year, making the backdrop favorable for basic materials stocks. Prices of basic materials have been on the rise, backed by strong demand from industrial activities. Amid this environment, we think investors should bet on companies in the basic materials space that possess strong enough pricing power to combat any downturn caused by rising inflation. We believe under-the-radar basic materials stocks Tredegar Corp (TG), CRH Plc (CRH), LyondellBasell Industries (LYB), and Vedanta (VEDL) possess that characteristic and are worth adding to one’s portfolio now. Let’s take a closer look.
Tredegar Corporation(NYSE:TG): A robust economic recovery outlook has unleashed a manufacturing boom so far this year, making the backdrop favorable for basic materials stocks. Prices of basic materials have been on the rise, backed by strong demand from industrial activities. Amid this environment, we think investors should bet on companies in the basic materials space that possess strong enough pricing power to combat any downturn caused by rising inflation. We believe under-the-radar basic materials stocks Tredegar Corp (TG), CRH Plc (CRH), LyondellBasell Industries (LYB), and Vedanta (VEDL) possess that characteristic and are worth adding to one’s portfolio now. Let’s take a closer look.
Tredegar: Q1 Earnings Snapshot
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RICHMOND, Va. (AP) Tredegar Corp. (TG) on Friday reported first-quarter net income of $9 million, after reporting a loss in the same period a year earlier.
The Richmond, Virginia-based company said it had net income of 27 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 30 cents per share.
The plastic films maker posted revenue of $185.6 million in the period.
Tredegar shares have decreased 7.5% since the beginning of the year. The stock has climbed roughly 4% 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
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