Cascades Inc. (T:CAS)
Business Focus: Paper Packaging (NEC)
| Sector: Basic Materials | Industry: Paper Packaging |
| Company Contact | |
| Address: | 404 Marie-Victorin Blvd KINGSEY FALLS QC J0A 1B0 |
| Tel: | 1-514-2822697 |
| Website: | https://www.cascades.com/en |
| IR: | See website |
| Key People | ||
| Alain Lemaire Executive Chairman of the Board | Hugo D'Amours Vice President - Communications, Public Affairs and Sustainability | Mario Plourde President, Chief Executive Officer, Non-Independent Director |
| Allan Hogg Chief Financial Officer, Vice President | Charles Malo President, Chief Operating Officer of Containerboard Packaging Group | Jerome Porlier President and Chief Operating Officer of Cascades Specialty Products Group |
| Jean-David Tardif President, Chief Operating Officer of Cascades Tissue Group | Maryse Fernet Chief Human Resource Officer | Luc Langevin Senior Vice President - Corporate Services | Dominic Dore Chief Supply Chain and Information Officer |
| Business Overview |
| Cascades Inc. is a Canada-based paper and packaging company. The Company specializes in producing, converting, and marketing packaging and tissue products composed primarily of recycled fibers. The Company's operations are managed in three segments: Containerboard and Specialty Products (which constitute the Corporations 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 Company also provides recycling solutions. The Company has approximately 80 operating facilities across Canada and the United States. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cascades Inc revenues increased 4% to C$4.64B. Net loss increased from C$34M to C$76M. Revenues reflect Tissue Papers segment increase of 14% to C$1.62B, Containerboard segment increase of 1% to C$2.28B, United States segment increase of 5% to C$2.44B, Canada segment increase of 2% to C$2.18B. Higher net loss reflects Wages and employee benefits expenses increase of 9% to C$1.08B (expense), Impairment Property. |
| Employees: | 10,000 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,824M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,638M as of Dec 31, 2023 |
| EBITDA (TTM): | $558.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$76.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $112.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,881M as of Dec 31, 2023 |
| Shares outstanding: | 100,707,211 as of Feb 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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