XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

BUSINESS SEGMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | The following tables present segment revenue, segment profit (loss), and significant expenses for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, 2025
(In thousands) | Aluminum Extrusions |  | PE Films |  | Total
Net Sales | $ | 133,635 |  |  | $ | 25,537 |  |  | $ | 159,172 |
Reconciliation of revenue: |  |  |  |  |
Add back freight |  |  |  |  | 5,566 |
Sales as shown in the consolidated statements of income (loss) |  |  |  |  | $ | 164,738 |
Less: |  |  |  |  |
Variable costs | $ | 103,523 |  |  | $ | 11,977 |  |  | $ | 115,500 |
Manufacturing fixed costs 1 | 11,214 |  |  | 3,459 |  |  | 14,673 |
Selling, general and administrative costs 1 | 9,412 |  |  | 2,592 |  |  | 12,004 |
Other 2 | 326 |  |  | (11) |  |  | 315 |
EBITDA from ongoing operations | $ | 9,160 |  |  | $ | 7,520 |  |  | $ | 16,680 |
Reconciliation of profit (loss): |  |  |  |  |
Depreciation and amortization |  |  |  |  | 5,475 |
Plant shutdowns, asset impairments, restructurings and other |  |  |  |  | 1,167 |
Interest income |  |  |  |  | 5 |
Interest expense |  |  |  |  | 1,013 |
Corporate expenses, net 3 |  |  |  |  | 7,782 |
Income (loss) from continuing operations before income tax |  |  |  |  | 1,248 |
Income tax expense (benefit) |  |  |  |  | 577 |
Net income (loss) from continuing operations |  |  |  |  | 671 |
Income (loss) from discontinued operations, net of tax |  |  |  |  | 9,430 |
Net income (loss) |  |  |  |  | $ | 10,101 |
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.
| Three Months Ended March 31, 2024
(In thousands) | Aluminum Extrusions |  | PE Films |  | Total
Net Sales | $ | 114,222 |  |  | $ | 24,735 |  |  | $ | 138,957 |
Reconciliation of revenue: |  |  |  |  |
Add back freight |  |  |  |  | 5,015 |
Sales as shown in the consolidated statements of income (loss) |  |  |  |  | $ | 143,972 |
Less: |  |  |  |  |
Variable costs | $ | 84,786 |  |  | $ | 12,024 |  |  | $ | 96,810 |
Manufacturing fixed costs 1 | 9,625 |  |  | 3,243 |  |  | 12,868 |
Selling, general and administrative costs 1 | 6,798 |  |  | 2,516 |  |  | 9,314 |
Other 2 | 473 |  |  | 48 |  |  | 521 |
EBITDA from ongoing operations | $ | 12,540 |  |  | $ | 6,904 |  |  | $ | 19,444 |
Reconciliation of profit (loss): |  |  |  |  |
Depreciation and amortization |  |  |  |  | 5,871 |
Plant shutdowns, asset impairments, restructurings and other |  |  |  |  | 1,671 |
Interest income |  |  |  |  | 20 |
Interest expense |  |  |  |  | 1,184 |
Corporate expenses, net 3 |  |  |  |  | 5,750 |
Income (loss) from continuing operations before income tax |  |  |  |  | 4,988 |
Income tax expense (benefit) |  |  |  |  | 2,384 |
Net income (loss) from continuing operations |  |  |  |  | 2,604 |
Income (loss) from discontinued operations, net of tax |  |  |  |  | 684 |
Net income (loss) |  |  |  |  | $ | 3,288 |
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.
Schedule of Identifiable Assets | The following table presents identifiable assets by segment at March 31, 2025 and December 31, 2024:
(In thousands) | March 31, 2025 |  | December 31, 2024
Aluminum Extrusions | $ | 272,161 |  |  | $ | 247,205 |
PE Films | 56,231 |  |  | 55,081 |
Subtotal | 328,392 |  |  | 302,286 |
General corporate | 42,168 |  |  | 46,883 |
Cash and cash equivalents | 3,657 |  |  | 7,062 |
Discontinued operations | — |  |  | 126 |
Total | $ | 374,217 |  |  | $ | 356,357 |
Schedule of Depreciation and Amortization, Capital Expenditures | The following table presents depreciation and amortization for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
Aluminum Extrusions | $ | 4,225 |  |  | $ | 4,542 |  |  |  |  |
PE Films | 1,250 |  |  | 1,329 |  |  |  |  |
Subtotal | 5,475 |  |  | 5,871 |  |  |  |  |
General corporate | 51 |  |  | 94 |  |  |  |  |
Discontinued operations | — |  |  | 751 |  |  |  |  |
Total | $ | 5,526 |  |  | $ | 6,716 |  |  |  |  |
The following table presents capital expenditures for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
Aluminum Extrusions | $ | 2,370 |  |  | $ | 1,550 |  |  |  |  |
PE Films | 587 |  |  | 394 |  |  |  |  |
Subtotal | 2,957 |  |  | 1,944 |  |  |  |  |
Discontinued operations | — |  |  | 517 |  |  |  |  |
Total | $ | 2,957 |  |  | $ | 2,461 |  |  |  |  |
Schedule of Net Sales by Geographic Area | The following tables disaggregate the Company’s revenue by geographic area and product group for the three months ended March 31, 2025 and 2024:
Net Sales by Geographic Area (a)
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
United States | $ | 144,357 |  |  | $ | 124,981 |  |  |  |  |
Exports from the United States to: |  |  |  |  |  |  |
Asia | 10,836 |  |  | 8,814 |  |  |  |  |
Latin America | 1,579 |  |  | 1,311 |  |  |  |  |
Canada | 2,173 |  |  | 3,664 |  |  |  |  |
Europe | 7 |  |  | 25 |  |  |  |  |
Operations outside the United States: |  |  |  |  |  |  |
Asia | 220 |  |  | 162 |  |  |  |  |
Total | $ | 159,172 |  |  | $ | 138,957 |  |  |  |  |
(a) Export sales relate mostly to PE Films.
Schedule of Net Sales by Product Group |
Net Sales by Product Group
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
Aluminum Extrusions: |  |  |  |  |  |  |
Nonresidential building & construction | $ | 67,601 |  |  | $ | 68,228 |  |  |  |  |
Consumer durables | 11,667 |  |  | 7,670 |  |  |  |  |
Automotive | 10,998 |  |  | 10,189 |  |  |  |  |
Residential building & construction | 8,998 |  |  | 7,591 |  |  |  |  |
Electrical | 15,341 |  |  | 5,607 |  |  |  |  |
Machinery & equipment | 15,283 |  |  | 11,716 |  |  |  |  |
Distribution | 3,747 |  |  | 3,221 |  |  |  |  |
Subtotal | 133,635 |  |  | 114,222 |  |  |  |  |
PE Films: |  |  |  |  |  |  |
Surface protection films | 18,770 |  |  | 17,011 |  |  |  |  |
Overwrap packaging | 6,767 |  |  | 7,724 |  |  |  |  |
Subtotal | 25,537 |  |  | 24,735 |  |  |  |  |
Total | $ | 159,172 |  |  | $ | 138,957 |  |  |  |  |

X
- Definition Schedule Of Segment Depreciation And Amortization Capital Expenditures [Table Text Block] + References No definition available. + Details
Name: | tg_ScheduleOfSegmentDepreciationAndAmortizationCapitalExpendituresTableTextBlock
Namespace Prefix: | tg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration