Cascades Inc. Declared Results for Q4 and Full Year 2024

SEATTLE (Scrap Monster):  Canada- headquartered Cascades, Inc. declared financial results for the three-month and full year period ended December 31, 2024.

The business generated $1,211 million in sales during the fourth quarter of the prior year. This is in contrast to the $1,201 million from the previous quarter and the $1,138 million from the same period last year. During the quarter, it recorded a $16 million operational income and a $0.13 net loss per common share. Cascades made $146 million in adjusted EBITDA and $0.25 in adjusted net earnings per common share.

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For 2024, the total sales were $4,701 million. In 2023, this amounts to $4,638 million. From $40 million in 2023 to $95 million the year before, operating income increased dramatically. The adjusted EBITDA dropped to $501 million from $558 million the previous year. Meanwhile, the adjusted net earnings dropped from $1.08 per common share in 2023 to $0.60 per common share in 2024.

The Board of Directors declared a quarterly dividend of $0.12 per common share to shareholders of record at the close of business on March 6, 2025, which will be paid on March 20, 2025.

The Q4 performance was in accordance with the company's expectations, according to President and CEO Hugues Simon, who commented on the results. He stated that the cost of raw materials is anticipated to continue to be a business-boosting factor in the first quarter of 2025.