Cascades cuts financial outlook for Q1, shares trade lower
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
KINGSEY FALLS – Cascades Inc. has cut its financial outlook for its first quarter after being hit by weather disruptions in the U.S. and heightened volatility in transportation and fuel surcharges that increased operating costs.
The company says it also saw a decrease in consumer confidence and spending, resulting in lower packaging volumes, and that inefficiencies in operations also weighed on performance.
Cascades now expects consolidated adjusted earnings before interest, taxes, depreciation and amortization to be in the range of $115 million to $120 million for its first quarter. The outlook is down from earlier expectations for between $130 million to $142 million.
It says the revised outlook largely reflects lower results for its packaging segment, while results from its tissue segment will be slightly below the earlier range.
Shares in the company were down 39 cents at $10.68 in trading on the Toronto Stock Exchange.
Cascades is scheduled to report its first-quarter results before markets open on May 7.
This report by The Canadian Press was first published April 10, 2026.
Companies in this story: (TSX:CAS)