Cascades Inc ( (CADNF) ) has released its Q3 earnings. Here is a breakdown of the information Cascades Inc presented to its investors.
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Cascades Inc., a Canadian company, specializes in sustainable packaging, hygiene, and recovery solutions, operating in the manufacturing sector with a focus on recycling and innovation. In its third-quarter earnings report for 2025, Cascades Inc. reported a significant improvement in financial performance, with sales reaching $1,238 million, an increase from both the previous quarter and the same period last year. The company’s operating income more than doubled to $73 million compared to the previous quarter, and net earnings per share rose to $0.29, marking a substantial turnaround from a loss in the prior quarter.
Key financial metrics highlighted in the report include an adjusted EBITDA of $159 million, reflecting a 14% increase from the previous year, driven by higher selling prices and lower raw material costs. The company’s net debt decreased by $81 million, improving its leverage ratio. Strategic initiatives, such as the monetization of redundant assets and the sale of its Flexible Packaging activities, contributed to debt reduction efforts. Additionally, the packaging segment showed robust performance, with a 24% increase in volumes at the Bear Island facility.
Cascades Inc.’s tissue business also experienced growth, supported by improved volumes and operational efficiencies. The company has set a target to achieve $120 million from asset monetization by mid-2026, with $57 million already realized. Capital expenditures for the quarter amounted to $30 million, aligning with the company’s strategic focus on enhancing operational capacity.
Looking ahead, Cascades Inc. expects stable performance in the fourth quarter, with continued strength in the tissue segment. However, the company remains cautious about the packaging segment due to anticipated seasonal volume declines. Despite economic uncertainties, Cascades Inc. remains committed to its strategic objectives, focusing on improving its financial profile and operational excellence.