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Cascades (TSE:CAS)
TSX:CAS
Canadian Market
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Cascades (CAS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 19, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.34
Last Year’s EPS
0.25
Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 06, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call indicates a strong performance in Q3 2025, with significant improvements in both the Packaging and Tissue segments, as well as successful debt reduction efforts. However, there are concerns regarding environmental and restructuring costs, along with a cautious outlook for Q4 due to potential demand fluctuations.
Company Guidance
During the Cascades' Third Quarter 2025 Financial Results Conference Call, the company provided detailed guidance regarding its performance and future expectations. The company reported a consolidated EBITDA of $159 million, which marked a 16% increase from Q2 and a 14% year-over-year increase. Specific to the Packaging segment, Q3 EBITDA increased by 14% sequentially to $136 million, with an improvement in EBITDA margins to 17.1%. The Tissue business also showed strength, with a 21% sequential increase in EBITDA to $46 million. For Q4, Cascades anticipates favorable trends in raw material and selling prices for Packaging, although demand levels are expected to be stable to 10% below Q3 levels due to seasonality and economic uncertainty. The company also highlighted a reduction in net debt by $81 million during Q3, reflecting stronger cash flow from operations, with a leverage ratio decrease to 3.6x. Capital expenditures are projected to be slightly lower than previous estimates for 2025, with expectations set at approximately $140 million. Additionally, Cascades aims to achieve $100 million in run rate profitability improvements by the end of 2026 through ongoing initiatives.
Stronger Than Expected Q3 Performance
Cascades' Q3 2025 performance was stronger than projections, driven by improved volumes, higher average selling prices, and lower production costs. Consolidated EBITDA increased by 16% from Q2 and 14% year-over-year.
Packaging Segment Improvement
Packaging sales increased 4% sequentially, with Q3 EBITDA rising 14% sequentially to $136 million. EBITDA margins improved to 17.1% from 15.6% in Q2.
Tissue Business Growth
Third quarter sales in the Tissue segment increased 5% sequentially. EBITDA of $46 million rose 21% from Q2. Year-over-year, sales increased 6% with stronger volumes and higher average selling prices.
Net Debt Reduction
Sequentially, net debt decreased by $81 million in the third quarter, mainly due to stronger cash flow from operations and a reversal in working capital requirements.
Asset Sale and Debt Repayment
Completed sale of Flexible Packaging operation for $31 million, contributing to debt repayment. Total proceeds from asset sales amounted to $57 million this year.

Cascades (TSE:CAS) 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

TSE:CAS Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 19, 2026
2025 (Q4)
0.34 / -
0.25
Nov 06, 2025
2025 (Q3)
0.30 / 0.38
0.2740.74% (+0.11)
Aug 07, 2025
2025 (Q2)
0.18 / 0.19
0.08137.50% (+0.11)
May 08, 2025
2025 (Q1)
0.14 / 0.13
0
Feb 20, 2025
2024 (Q4)
0.29 / 0.25
0.05400.00% (+0.20)
Nov 07, 2024
2024 (Q3)
0.16 / 0.27
0.44-38.64% (-0.17)
Aug 08, 2024
2024 (Q2)
0.08 / 0.08
0.27-70.37% (-0.19)
May 09, 2024
2024 (Q1)
-0.06 / 0.00
0.32
Feb 22, 2024
2023 (Q4)
0.32 / 0.05
0.22-77.27% (-0.17)
Nov 09, 2023
2023 (Q3)
0.37 / 0.44
0.2120.00% (+0.24)
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

TSE:CAS Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
C$11.05C$11.67+5.61%
Aug 07, 2025
C$8.91C$9.24+3.66%
May 08, 2025
C$8.71C$8.49-2.47%
Feb 20, 2025
C$12.33C$11.30-8.36%
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 (TSE:CAS) report earnings?
Cascades (TSE:CAS) is schdueled to report earning on Feb 19, 2026, Before Open (Confirmed).
    What is Cascades (TSE:CAS) earnings time?
    Cascades (TSE:CAS) earnings time is at Feb 19, 2026, 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 TSE:CAS EPS forecast?
          TSE:CAS EPS forecast for the fiscal quarter 2025 (Q4) is 0.34.
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