16 unchanged sentences
(a primary raw material for High Performance Films) is shown in the chart below.
−Removed: Quarterly averages computed by Tredegar using monthly data provided by IHS, Inc.
−Removed: In January 2023, IHS reflected a 41 cents per pound non-market adjustment based on their estimate of the growth of discounts in the prior periods.
−Removed: The 4th quarter 2022 average rate of $0.60 per pound is shown on a pro forma basis as if the non-market adjustment was made in the fourth quarter of 2022.
−Removed: In January 2026, IHS reflected a 30 cents per pound non-market adjustment based on their estimate of the growth of discounts in the prior periods.
−Removed: The 4th quarter 2025 average rate of $0.54 per pound is shown on a pro forma basis as if the non-market adjustment was made in the fourth quarter of 2025.
+Added: Quarterly averages computed by Tredegar using monthly data provided by Chemical Market Analytics (CMA).
+Added: In January 2023, the reporting service implemented a non-market adjustment of $0.41 per pound based on its estimate of discounts in the prior period.
+Added: In January 2026, an additional non-market adjustment of $0.30 per pound was implemented based on estimated discounts in the prior period.
+Added: These adjustments reflect changes in pricing methodology rather than underlying market movements and affect comparability between reporting periods.
+Added: Had the January 2026 adjustment been reflected in fourth quarter 2025, the reported average fourth quarter 2025 price would have been approximately $0.54 per pound.
The price of plastic resin is driven by several factors, including supply and demand and the price of oil, ethylene and natural gas.
1 unchanged sentence
For a majority of its customers, High Performance Films has index-based pass-through pricing mechanisms for major raw material price fluctuations.
−Removed: However, changes in resin prices are not passed through for a period of 90 days.
+Added: However, the quarterly average change in resin prices is not passed through for a period of 90 days.
Pricing on the remainder of the business is based upon manufacturing costs and supply/demand dynamics within the markets that the Company competes.
5 unchanged sentences
Tredegar estimates that the change in the value of foreign currencies relative to the U.S.
−Removed: Dollar for High Performance Films had an unfavorable impact to EBITDA from ongoing operations of $0.3 million for the first quarter of 2026 compared to the same period of 2025.
+Added: Dollar for High Performance Films had an unfavorable impact to EBITDA from ongoing operations of $0.3 million and $0.6 million for the second quarter of 2026 and the first six months of 2026 compared to the same periods of 2025, respectively.
Trends for the Chinese Yuan exchange rates relative to the U.S.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.