Cascades Inc
TSX:CAS
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Cascades Inc
TSX:CAS
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Yealink Network Technology Co Ltd
SZSE:300628
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Cascades Inc
Cascades, Inc. produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is headquartered in Kingsey Falls, Quebec and currently employs 10,000 full-time employees. The Company’s segments include Containerboard, Specialty Products (which constitutes the Company's Packaging Products) and Tissue Papers. The Containerboard segment is a manufacturer of containerboard and converter of corrugated products in North America. The Specialty Products Group manufactures industrial and food packaging products. The Tissue Papers segment manufactures tissue paper reels and converts them into finished products for the professional and residential markets. The firm also provides recycling solutions. The company operates approximately 80 production units throughout North America.
Cascades, Inc. produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is headquartered in Kingsey Falls, Quebec and currently employs 10,000 full-time employees. The Company’s segments include Containerboard, Specialty Products (which constitutes the Company's Packaging Products) and Tissue Papers. The Containerboard segment is a manufacturer of containerboard and converter of corrugated products in North America. The Specialty Products Group manufactures industrial and food packaging products. The Tissue Papers segment manufactures tissue paper reels and converts them into finished products for the professional and residential markets. The firm also provides recycling solutions. The company operates approximately 80 production units throughout North America.
Results Inline: Cascades' Q4 performance was in line with management's projections, with softer volumes due to seasonality and geopolitical factors.
Margin Improvement: Overall margin improved to 12.9%, led by 17.4% in the packaging segment, supported by cost initiatives and operational efficiency.
Asset Sales: The company achieved $120 million in proceeds from asset sales ahead of schedule and is targeting another $100 million in 2026, with no expected EBITDA loss.
Debt Reduction: Net debt decreased by $127 million sequentially, bringing leverage down to 3.3x from 3.6x in Q3.
Mixed Segment Performance: Packaging remained resilient, while tissue results were impacted by an electrical outage and higher logistics costs, though countermeasures are underway.
2026 Guidance: Cascades targets adjusted EBITDA above $600 million in 2026, driven by operational improvements and further asset sales.
Q1 Outlook: Sequential results expected to decline due to seasonality and maintenance, but increase year-over-year for the sixth straight quarter.
