The earnings call highlighted strong financial performance with significant EBITDA growth and improved liquidity. However, the company faced operational challenges and recorded impairment charges due to the closure of a mill. While the Packaging segment showed solid growth, the Tissue segment experienced a year-over-year decline. Demand uncertainty due to trade policies remains a concern.

Company Guidance -

Q3 2025

During the second quarter of 2025, Cascades reported a 3% sequential increase in sales driven by volume and selling price, despite facing demand challenges due to global trade uncertainties. Year-over-year sales rose by 1%, with consolidated EBITDA climbing 22% to $137 million, boosted by strong performance in the Packaging segment. The segment's EBITDA increased by 9% sequentially to $119 million, with margins improving to 15.6%. The Tissue business saw an 8% sequential sales increase and a marginal EBITDA rise to $38 million. The Bear Island facility improved production by 8% to 82,000 tons, nearing its targeted ramp-up level. The company revised its 2025 capital expenditure forecast to $150 million and reduced net debt by $112 million, with a leverage ratio decline to 3.8x. Cascades aims for a $100 million profitability improvement by the end of 2026 and plans to achieve an $80 million asset monetization target by mid-2026.

EBITDA Growth

Consolidated EBITDA of $137 million increased 10% from Q1 and 22% year-over-year, driven by stronger performance in the Packaging segment and improved pricing.

Packaging Segment Performance

Second quarter EBITDA for the Packaging segment increased by 9% sequentially to $119 million, with EBITDA margins improving by 1.3% to 15.6% in Q2.

Bear Island Facility Improvement

Production at Bear Island increased 8% to 82,000 tons versus the first quarter, with further improvements expected to reach 91% of the targeted ramp-up production level.

Debt Reduction

Net debt decreased by $112 million in the second quarter, with the leverage ratio going down to 3.8x from 4.2x at the end of the first quarter.

Tissue Business Growth

Second quarter sales in the Tissue segment increased 8% sequentially, driven by stronger volumes and favorable pricing and mix.

Liquidity Improvement

Available liquidity improved by $400 million since the end of Q1 to $595 million.

Cascades (CADNF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CADNF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.22 / -	0.196	―	―	―
Aug 07, 2025	2025 (Q2)	0.13 / 0.14	0.058	137.50% (+0.08)
May 08, 2025	2025 (Q1)	0.10 / 0.09	0	―
Feb 20, 2025	2024 (Q4)	0.21 / 0.18	0.036	400.00% (+0.14)
Nov 07, 2024	2024 (Q3)	0.12 / 0.20	0.319	-38.64% (-0.12)
Aug 08, 2024	2024 (Q2)	0.06 / 0.06	0.196	-70.37% (-0.14)
May 09, 2024	2024 (Q1)	-0.04 / 0.00	0.232	―
Feb 22, 2024	2023 (Q4)	0.23 / 0.04	0.159	-77.27% (-0.12)	―
Nov 09, 2023	2023 (Q3)	0.27 / 0.32	0.145	120.00% (+0.17)	―
Aug 03, 2023	2023 (Q2)	0.18 / 0.20	0.072	170.00% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CADNF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$6.56	$6.82	+3.96%
May 08, 2025	$6.37	$6.19	-2.83%
Feb 20, 2025	$8.77	$8.20	-6.50%
Nov 07, 2024	$7.61	$7.80	+2.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cascades Inc (CADNF) report earnings?

Cascades Inc (CADNF) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Cascades Inc (CADNF) earnings time?

Cascades Inc (CADNF) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CADNF EPS forecast?

CADNF EPS forecast for the fiscal quarter 2025 (Q3) is 0.22.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing