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Earnings Call Summary | CASCADES INC(CADNF.US) Q1 2024 Earnings Conference

Futu News ·  May 12 01:51  · Conference Call

The following is a summary of the Cascades Inc. (CADNF) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Cascades Inc. reported a decrease in Q1 sales by roughly 2.5% sequentially and year-over-year.

  • The consolidated EBITDA was $103 million, indicating a decrease by 23% from the prior year and 16% from the last quarter.

  • Despite the decrease in EBITDA, the Q1 net loss per share improved substantially to $0.20 from a net loss per share of $0.57 in Q4 of 2023.

Business Progress:

  • The company has seen an 8% year-over-year increase in shipment, projecting stronger Q2 results.

  • A price increase has been announced to counterbalance higher operation and raw material costs.

  • Cascades is ramping up operations and increasing the product mixture at Bear Island mill to maximize the use of invested capital.

  • The company is exploring market growth through possible acquisitions or organic growth.

  • The company's Q2 outlook remains stable despite expecting higher raw material costs and lower selling prices.

More details: CASCADES INC IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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