Cascades Inc. (CAS) Earnings Call Transcripts

Cascades Inc.'s Latest Earnings Call - May 8, 2026

In the first quarter of 2026, Cascades Inc. reported revenues of $1.1 billion, slightly lower than the $1.2 billion in the previous quarter and stable year-over-year. Adjusted EBITDA decreased by 6% to $107 million, reflecting higher costs and lower volumes. Management indicated that achieving profitability improvements of $100 million will need to be postponed to 2027 due to external pressures, which could impact investor sentiment moving forward.

Reported metrics

Guidance from management

Management maintained capital expenditure guidance of $150 million to $175 million for 2026 but postponed the profitability improvement target to 2027 due to external challenges.

What management said

Thank you, Michael. Representatives from Computershare Investor Services, the company's transfer agents and registrars are serving as scrutineers for this meeting. They are counting the proxy votes and the votes cast online today. I'm informed that their report is now ready, and I would like to invite Mr. Steve Gilbert to read us the report.

Thank you, Michael. The next item on the agenda is the election of the 11 candidates proposed by the company and the Board to serve as directors of the company, the corporation. Can an authorized person make a nomination for each of these 11 persons?

What analysts pressed on

Analysts expressed concerns regarding the decline in adjusted EBITDA and the postponement of profitability improvement targets. There were worries about the impact of external factors on operational efficiency and overall financial performance.

Main topics on the call

• Revenue Stability — Cascades reported first quarter revenues of $1.1 billion, stable compared to the same period last year. Management noted that 'sales were supported by higher average selling prices as well as a more favorable product mix...
• EBITDA Decline — Adjusted EBITDA for Q1 2026 was $107 million, a decrease of 6% year-over-year. This decline was attributed to 'higher costs related to logistics, production and energy as well as lower volumes in our packaging operations...
• Debt Reduction Commitment — Cascades successfully reduced its net debt by $200 million year-over-year, leading to a decrease in the debt-to-equity ratio from 4.2x to 3.3x. Management remains committed to achieving a target debt ratio of 2.5x to 3x ...
• Capital Expenditure Guidance — Management announced that capital expenditures for 2026 will range between $150 million and $175 million, focusing on operational efficiency and maintenance initiatives. This is consistent with their strategy of discipli...

Read the full Cascades Inc. transcript (May 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 Cascades Inc. earnings call transcripts on record, spanning February 27, 2020 to August 6, 2026. Based on this history, Cascades Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CAS

Exchange

TSX

Country

CA

Sector

Materials

Industry

Containers and Packaging

Calls on record

32

First call

February 27, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly