Cascades Inc (OTCPK:CADNF)

Q2 2026 Cascades Inc. Earnings Call Transcript

Aug 6, 2026 / 01:00 PM GMT

Release Date Price: $11.05 (+8.74%)

Transcript

Key Points

Positve

Cascades Inc (CADNF) reported Q2 2026 results that exceeded expectations, with packaging segment EBITDA increasing 16% sequentially and margins returning above 15%.
The company achieved record production levels at its Greenback and Bear Island facilities, with Bear Island operating at 95% of total capacity and showing further improvement in July.
Cascades Inc (CADNF) is gaining market share, with box shipments increasing 5.8% year-over-year on a comparable asset basis, surpassing the industry's 2.4% increase.
The company is confident in its outlook, expecting annual run-rate adjusted EBITDA to exceed $600 million in the second half of 2026, driven by seasonally higher volumes and ongoing price increases.
Cascades Inc (CADNF) has a strong liquidity position with $737 million available under its credit facility and has successfully extended debt maturities, reinforcing its financial flexibility.
The company's profitability improvement program is delivering results, with an additional $25 million in benefits expected in 2026, following $30 million realized in 2025.
Cascades Inc (CADNF) is progressing well on its asset monetization strategy, having realized $163 million against its $230 million target, with proceeds used for debt reduction.

Negative

Cascades Inc (CADNF) faces significant raw material cost inflation, with recycled fiber prices increasing over 10% sequentially and hardwood pulp/eucalyptus costs rising by as much as 15%.
The company is exposed to new US tariffs announced in July 2026, which could impact certain tissue and packaging products exported to the United States, potentially affecting up to 5% of adjusted EBITDA.
Cascades Inc (CADNF) has delayed its asset monetization objective to early 2027 due to prevailing market conditions not aligning with value expectations, indicating potential friction in the sales process.
The tissue segment continues to face margin pressure, with adjusted EBITDA declining $3 million year-over-year due to higher logistics costs, despite volume growth and pricing initiatives.
The company's leverage ratio remains elevated at 3.3 times, and net debt was negatively impacted by a $36 million exchange rate effect during the quarter.
Cascades Inc (CADNF) faces ongoing macroeconomic and geopolitical uncertainty, which could lead to weaker customer demand or reduced production levels in certain segments.
The company's tissue segment margins remain low at 8.6%, reflecting continued cost inflation that is offsetting volume and pricing gains.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAS.TO - Cascades Inc.
Q2 2026 Cascades Inc. Earnings Call
Aug 06, 2026 / 01:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Male conference decascade telephonist.

Am com.

Good morning.

My name is Sylvie, and I will be your conference operator today.

At this time, I would like to welcome everyone tosca, second quarter, 2026s conference call.

All lines are currently in a listen-only mode.

After the speaker's remarks, there will be a question-and-answer session.

I will now pass the call to Alan Hogg, CFO for Cascade.

Please go ahead sir you may begin.

Thank you operator.

Good morning everyone, and thank you for joining our second quarter 2026 conference call.

We will begin with an overview of our operational and financial results, followed by some concluding remarks,

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.