Board Change • Jun 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Chairman Greg Pratt is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 28
Tredegar Corporation Announces Board Changes, Effective May 22, 2026 Tredegar Corporation announced the resignation of George C. Freeman, III and Carl E. Tack, III from its Board of Directors, effective May 22, 2026. Mr. Freeman has served as a director of Tredegar since 2011, and Mr. Tack has served as a director of Tredegar since 2014. Tredegar Corporation also announced the election of Joseph Haniford as an independent director to its Board, effective May 22, 2026. Joe Haniford has served as the Chairperson of the Board of Directors of River Valley Health since July 2023. Mr. Haniford is expected to be named to one or more committees of the Board at the next scheduled Board meeting. Joe Haniford has served as the Chairperson of the Board of Directors of River Valley Health since July 2023. Mr. Haniford previously served as Chief Operating Officer and Senior Vice President for Carpenter Technology Corporation from July 2015 to September 2023. Prior to his role at Carpenter Technology, Mr. Haniford served as the Chief Operating Officer of Heil Trailer International and EnTrans International. Mr. Haniford began his career at Alcoa Inc., where he held various positions of increasing responsibility. Mr. Haniford holds a Bachelor of Science degree in mechanical engineering from the Rose-Hulman Institute of Technology. Announcement • May 27
Tredegar Corporation Appoints Susan Sweeney to Vice President and Chief Human Resources Officer, Effective June 1, 2026 Tredegar Corporation announced that Dr. Susan Sweeney will join the company as Vice President and Chief Human Resources Officer (CHRO), effective June 1, 2026. Dr. Sweeney will report directly to the CEO. Dr. Sweeney joins Tredegar from Virginia Transformer Corporation, where she served as Executive Vice President and Chief Human Resources Officer. Her career began at General Motors as Director of Operations, followed by leadership roles at GGB Bearing Technology, where she served as Vice President of Global Operations and later President with full P&L responsibility. She subsequently held dual President and CHRO roles and later served as CHRO at EnPro Industries before joining Virginia Transformer. In addition to her executive career, Dr. Sweeney serves on the Board of Directors of Miller Industries and is an adjunct instructor at Wilmington University. Dr. Sweeney holds a Doctorate of Education in Organizational Leadership and Innovation from Wilmington University, an MBA from the University of Detroit, and a BA in Economics from Kalamazoo College. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to US$7.97, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 21x in the Metals and Mining industry in the US. Total returns to shareholders of 6.8% over the past three years. New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: US$0.15 (vs US$0.019 in 1Q 2025) First quarter 2026 results: EPS: US$0.15 (up from US$0.019 in 1Q 2025). Revenue: US$186.5m (up 13% from 1Q 2025). Net income: US$5.07m (up US$4.40m from 1Q 2025). Profit margin: 2.7% (up from 0.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 26
Tredegar Corporation, Annual General Meeting, May 08, 2026 Tredegar Corporation, Annual General Meeting, May 08, 2026. Buy Or Sell Opportunity • Mar 13
Now 20% undervalued Over the last 90 days, the stock has risen 3.2% to US$7.80. The fair value is estimated to be US$9.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has grown by 38%. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: US$0.69 (vs US$0.03 in FY 2024) Full year 2025 results: EPS: US$0.69 (up from US$0.03 in FY 2024). Revenue: US$724.3m (up 21% from FY 2024). Net income: US$24.1m (up US$23.0m from FY 2024). Profit margin: 3.3% (up from 0.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 07
Tredegar Corporation to Report Q4, 2025 Results on Mar 11, 2026 Tredegar Corporation announced that they will report Q4, 2025 results on Mar 11, 2026 Announcement • Feb 10
Tredegar Corporation Announces Board Changes Tredegar Corporation has appointed David Parks as an independent director to its Board of Directors. David Parks brings more than 35 years of global operating, commercial, and strategic leadership experience across healthcare, consumer packaged goods, and advanced materials/nonwovens. His career includes engineering, manufacturing, supply chain, marketing, sales, and general management roles at Kimberly-Clark, Avintiv, Berry Global, and Magnera. He served as EVP Global Operations & Engineering for Berry Global prior to his most recent role as President of the Americas at Magnera. Mr. Parks holds a Bachelor of Science in Mechanical Engineering, magna cum laude, from the Georgia Institute of Technology. Additionally, on January 26, 2026, Kenneth R. Newsome, a director of the Company since 2014, notified the Board that he will retire from the Board upon the expiration of his term at the Company’s 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”). Therefore, Mr. Newsome will not stand for re-election at the 2026 Annual Meeting. Announcement • Jan 08
Tredegar Corporation Appoints Paul Goldschmiedt as Controller Tredegar Corporation elected Paul Goldschmiedt as the Company's Controller (principal accounting officer). Mr. Goldschmiedt, age 41, joined the Company in June 2020 and served as Assistant Controller from September 2021 to December 31, 2025, having previously served as the Company's Senior SEC Accounting and Reporting Manager from June 2020 through August 2021. Prior to joining the Company, Mr. Goldschmiedt served as the Manager of Financial Reporting at Hamilton Beach Brands Inc. and spent 10 years in various positions of increasing responsibility with Deloitte & Touche LLP. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: US$0.20 (vs US$0.12 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.20 (up from US$0.12 loss in 3Q 2024). Revenue: US$194.9m (up 7.1% from 3Q 2024). Net income: US$7.11m (up US$11.1m from 3Q 2024). Profit margin: 3.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: US$0.053 (vs US$0.26 in 2Q 2024) Second quarter 2025 results: EPS: US$0.053 (down from US$0.26 in 2Q 2024). Revenue: US$180.5m (down 5.1% from 2Q 2024). Net income: US$1.83m (down 79% from 2Q 2024). Profit margin: 1.0% (down from 4.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Aug 05
Tredegar Corporation to Report Q2, 2025 Results on Aug 08, 2025 Tredegar Corporation announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.019 (vs US$0.096 in 1Q 2024) First quarter 2025 results: EPS: US$0.019 (down from US$0.096 in 1Q 2024). Revenue: US$164.7m (down 6.3% from 1Q 2024). Net income: US$671.0k (down 80% from 1Q 2024). Profit margin: 0.4% (down from 1.9% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • May 08
President exercised options and sold US$71k worth of stock On the 4th of May, John Steitz exercised options to acquire 9k shares at no cost and sold these for an average price of US$8.15 per share. This trade did not impact their existing holding. For the year to December 2018, John's total compensation was 38% salary and 62% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, John's direct individual holding has decreased from 312.54k shares to 279.87k. This was the only transaction from an insider over the last 12 months. Announcement • Mar 27
Tredegar Corporation, Annual General Meeting, May 08, 2025 Tredegar Corporation, Annual General Meeting, May 08, 2025. Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: US$0.03 (vs US$3.10 loss in FY 2023) Full year 2024 results: EPS: US$0.03 (up from US$3.10 loss in FY 2023). Revenue: US$597.1m (down 15% from FY 2023). Net income: US$1.05m (up US$107.0m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Tredegar Corporation Reports Goodwill Impairment for the Fourth Quarter Ended December 31, 2024 Tredegar Corporation reported goodwill impairment for the fourth quarter ended December 31, 2024. For the quarter, the company reported goodwill impairment of $13,271,000. During the fourth quarter of 2024, the company recognized a special item for the non-cash write-off of goodwill of $13.3 million ($10.4 million after deferred income tax benefits) associated with the Clearfield, Utah operation ("Clearfield") acquired in February 2017 (formerly Futura). Announcement • Jan 15
Tredegar Corporation Appoints Chris Vlahcevic to Board of Directors Tredegar Corporation announced that it has appointed Chris Vlahcevic as an independent director to its Board of Directors. Chris Vlahcevic served as Senior Vice President, Finance and Chief Accounting Officer, for Performance Food Group from 2015 to 2023 before retiring from the company in 2024. Prior to her role at Performance Food Group, Ms. Vlahcevic held financial leadership roles for organizations in the biotechnology, financial services, manufacturing and nonprofit sectors. Ms. Vlahcevic holds a Bachelor of Science degree from the McIntire School of Commerce at the University of Virginia and is a certified public accountant. Reported Earnings • Nov 10
Third quarter 2024 earnings released: US$0.12 loss per share (vs US$1.47 loss in 3Q 2023) Third quarter 2024 results: US$0.12 loss per share (improved from US$1.47 loss in 3Q 2023). Revenue: US$182.0m (up 9.5% from 3Q 2023). Net loss: US$3.95m (loss narrowed 92% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.26 (vs US$0.56 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.26 (up from US$0.56 loss in 2Q 2023). Revenue: US$190.6m (up 7.0% from 2Q 2023). Net income: US$8.79m (up US$27.7m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
Tredegar Corporation to Report Q2, 2024 Results on Aug 07, 2024 Tredegar Corporation announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.096 (vs US$0.03 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.096 (up from US$0.03 loss in 1Q 2023). Revenue: US$175.7m (down 8.0% from 1Q 2023). Net income: US$3.29m (up US$4.30m from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • May 03
Tredegar Corporation to Report Q1, 2024 Results on May 09, 2024 Tredegar Corporation announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 09, 2024 Announcement • Apr 09
John William and James Gottwald Engages with Tredegar Corporation On April 8, 2024, John William and James Gottwald announced that they have agreed that they will vote their shares, as well as the shares of the trusts as to which they serve as trustees, against the nominees for director and against the named executive officer compensation to express their concern with company performance and the board oversight thereof. In addition, John William and James Gottwald stated that concerns, which had been expressed privately by John Gottwald in an email to the board, include the performance of the Company’s Common Stock, the elimination of the corporate dividend and excessive corporate expenses. Further, John William and James Gottwald mentioned that they expect the board of directors to oversee management strategy and performance, and when it becomes clear that performance is not providing value for shareholders over a reasonable time frame, then the board needs to consider changes in senior management. Announcement • Mar 27
Tredegar Corporation, Annual General Meeting, May 09, 2024 Tredegar Corporation, Annual General Meeting, May 09, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider and elect the six directors; to consider conduct a non-binding advisory vote on the compensation of our named executive officers; to consider ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider other business matters. Reported Earnings • Mar 15
Full year 2023 earnings released: US$3.10 loss per share (vs US$0.84 profit in FY 2022) Full year 2023 results: US$3.10 loss per share (down from US$0.84 profit in FY 2022). Revenue: US$702.7m (down 25% from FY 2022). Net loss: US$105.9m (down 473% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Announcement • Mar 08
Tredegar Corporation to Report Q4, 2023 Results on Mar 15, 2024 Tredegar Corporation announced that they will report Q4, 2023 results on Mar 15, 2024 Reported Earnings • Nov 11
Third quarter 2023 earnings released: US$1.47 loss per share (vs US$0.03 profit in 3Q 2022) Third quarter 2023 results: US$1.47 loss per share (down from US$0.03 profit in 3Q 2022). Revenue: US$166.1m (down 30% from 3Q 2022). Net loss: US$50.4m (down US$51.4m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Aug 22
Spruce Power Holding Corporation (NYSE:SPRU) acquired Portfolio of Over 2,400 Residential Solar Systems and Contracts for $20.9 million. Spruce Power Holding Corporation (NYSE:SPRU) acquired Portfolio of Over 2,400 Residential Solar Systems and Contracts for $20.9 million on August 18, 2023. Spruce funded the acquisition purchase price entirely through proceeds from the concurrent upsizing of its Spruce Power 2 credit facility.
Spruce Power Holding Corporation (NYSE:SPRU) completed the acquisition of Portfolio of Over 2,400 Residential Solar Systems and Contracts on August 18, 2023. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.2% per year over the past 5 years. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.56 loss per share (vs US$0.44 profit in 2Q 2022) Second quarter 2023 results: US$0.56 loss per share (down from US$0.44 profit in 2Q 2022). Revenue: US$178.1m (down 35% from 2Q 2022). Net loss: US$18.9m (down 228% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Aug 10
Tredegar Corporation Reports Impairment Charges for the Second Quarter Ended June 30, 2023 Tredegar Corporation reported impairment charges for the second quarter ended June 30, 2023. For the quarter, the company reported goodwill impairment of $15,413,000. Buying Opportunity • Aug 09
Now 34% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be US$7.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 49%. Announcement • Aug 03
Tredegar Corporation to Report Q2, 2023 Results on Aug 09, 2023 Tredegar Corporation announced that they will report Q2, 2023 results on Aug 09, 2023 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$6.41, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 13x in the Metals and Mining industry in the US. Total loss to shareholders of 35% over the past three years. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.13 per share at 6.7% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 03 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.7%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (2.7%). Reported Earnings • May 10
First quarter 2023 earnings released: US$0.03 loss per share (vs US$0.49 profit in 1Q 2022) First quarter 2023 results: US$0.03 loss per share (down from US$0.49 profit in 1Q 2022). Revenue: US$191.4m (down 19% from 1Q 2022). Net loss: US$1.01m (down 106% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 06
Tredegar Corporation Declares Quarterly Dividend, Payable on July 3, 2023 The board of directors of Tredegar Corporation declared a quarterly dividend of thirteen cents ($0.13) per share on the company’s common stock. The dividend is payable on July 3, 2023 to shareholders of record at the close of business on June 19, 2023. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$0.84 (vs US$1.73 in FY 2021) Full year 2022 results: EPS: US$0.84 (down from US$1.73 in FY 2021). Revenue: US$938.6m (up 14% from FY 2021). Net income: US$28.4m (down 51% from FY 2021). Profit margin: 3.0% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 16
Upcoming dividend of US$0.13 per share at 5.1% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 01 April 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (2.6%). Announcement • Jan 10
Tredegar Corporation Announces Board Changes Tredegar Corporation announced that John D. Gottwald retired as Tredegar’s chairman of the board of directors on January 6, 2023, and the board has selected Gregory A. Pratt to succeed Mr. Gottwald as chairman. Mr. Gottwald has served as a director since 1989 and as chairman of the board since May of 2019. He also served as president and chief executive officer from July 1989 to September 2001, from March 2006 to January 2010, and from June 2015 to March 2019. Mr. Pratt joined the board in 2014 and has served as lead independent director since 2016. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 01 January 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.1%). Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Anne Waleski was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: US$0.03 (vs US$0.18 in 3Q 2021) Third quarter 2022 results: EPS: US$0.03 (down from US$0.18 in 3Q 2021). Revenue: US$238.5m (up 14% from 3Q 2021). Net income: US$1.01m (down 84% from 3Q 2021). Profit margin: 0.4% (down from 3.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 01 October 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.2%). Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: US$0.44 (vs US$0.62 in 2Q 2021) Second quarter 2022 results: EPS: US$0.44 (down from US$0.62 in 2Q 2021). Revenue: US$275.6m (up 30% from 2Q 2021). Net income: US$14.8m (down 29% from 2Q 2021). Profit margin: 5.4% (down from 9.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of American dividend payers (3.9%). Higher than average of industry peers (1.9%). Reported Earnings • May 10
First quarter 2022 earnings released: EPS: US$0.49 (vs US$0.29 in 1Q 2021) First quarter 2022 results: EPS: US$0.49 (up from US$0.29 in 1Q 2021). Revenue: US$236.5m (up 28% from 1Q 2021). Net income: US$16.5m (up 71% from 1Q 2021). Profit margin: 7.0% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Anne Waleski was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 18
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of American dividend payers (3.7%). Higher than average of industry peers (2.0%). Reported Earnings • Mar 13
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Net income: US$57.9m (up US$74.8m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 01 January 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS US$0.18 (vs US$0.51 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$209.9m (up 14% from 3Q 2020). Net income: US$6.23m (up US$23.2m from 3Q 2020). Profit margin: 3.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 01 October 2021. Trailing yield: 3.8%. Within top quartile of American dividend payers (3.5%). Higher than average of industry peers (1.8%). Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Chairman John Gottwald was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$0.62 (vs US$0.43 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$211.4m (up 14% from 2Q 2020). Net income: US$20.7m (up 45% from 2Q 2020). Profit margin: 9.8% (up from 7.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 01 July 2021. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Mar 18
Full year 2020 earnings released: US$0.50 loss per share (vs US$1.45 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$688.0m (down 29% from FY 2019). Net loss: US$16.8m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.