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Cascades (TSE:CAS)
TSX:CAS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0.27Last Year’s EPS
C$0.05Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 8.73%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with notable improvements in EBITDA and net debt reduction, alongside challenges in the Bear Island ramp-up and declines in the Tissue business. Despite sequential improvements in some segments, significant issues with production targets and raw material costs present concerns.Company Guidance
During the Cascades Q3 2024 earnings call, the company provided guidance that reflected a stable yet challenging market environment. The company reported a sequential 2% increase in sales from Q2 and a year-over-year stability. Consolidated EBITDA rose by 25% from the previous quarter to $140 million due to stronger pricing and lower production costs, although it was down 13% compared to the previous year due to higher raw material costs. The Containerboard segment saw a 4% sequential sales increase and a 50% rise in EBITDA, while Specialty Products had a 1% sales increase and a 4% improvement in EBITDA margin. The Tissue segment faced a 2% sequential sales decline, with EBITDA dropping 20% from Q2. The company expects stable sequential results in Q4 for Containerboard and Specialty Products, with the Tissue segment slightly stronger. The guidance highlighted ongoing operational efficiencies and market dynamics, including a 20% production shortfall at the Bear Island facility, which the company aims to address by year-end 2025.Improved EBITDA and Sales Performance
Consolidated EBITDA increased 25% from Q2 to $140 million, reflecting stronger pricing and lower production costs. Third quarter sales levels increased 2% from Q2 and remained stable year-over-year.
Containerboard Segment Growth
Third quarter sales in Containerboard increased by 4% sequentially. EBITDA was $90 million, a 50% increase from Q2. Year-to-date converting shipments increased 6% in Canada and 5% in the U.S.
Specialty Products Division Performance
Q3 sales in the Specialty Products division increased 1% from Q2. EBITDA was up 4% or $1 million from Q2, with a year-over-year sales increase of 8% and a 29% improvement in EBITDA.
Reduced Net Debt
Sequential net debt decreased by $54 million in the third quarter due to positive impacts from cash flow from operations and working capital variances.
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TSE:CAS Earnings History
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
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TSE:CAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$10.87 | C$11.07 | +1.82% |
| Aug 08, 2024 | C$9.40 | C$9.16 | -2.59% |
| May 09, 2024 | C$9.35 | C$9.71 | +3.93% |
| Feb 22, 2024 | C$14.09 | C$11.24 | -20.22% |
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.
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FAQ
When does Cascades (TSE:CAS) report earnings?
Cascades (TSE:CAS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Cascades (TSE:CAS) earnings time?
Cascades (TSE:CAS) earnings time is at Feb 20, 2025, TBA Not 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 2024 (Q4) is C$0.27.
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