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
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