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Last C$8.33 CAD
Change Today +0.01 / 0.12%
Volume 66.6K
As of 3:40 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

cascades inc (CAS) Snapshot

Open
C$8.31
Previous Close
C$8.32
Day High
C$8.41
Day Low
C$8.24
52 Week High
08/13/15 - C$9.23
52 Week Low
10/15/14 - C$5.64
Market Cap
789.0M
Average Volume 10 Days
268.1K
EPS TTM
C$-0.34
Shares Outstanding
94.4M
EX-Date
08/26/15
P/E TM
--
Dividend
C$0.16
Dividend Yield
1.91%
Current Stock Chart for CASCADES INC (CAS)

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cascades inc (CAS) Details

Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated boxboards; containerboards, as well as converts corrugated products; and industrial packaging products, such as roll headers and paperboard packaging for rolls of newspaper, roll edges, laminated paperboards for use in the furniture backing and specialty containers industrial sectors, honeycomb paperboards, and uncoated recycled paperboards for packaging converters and industrial users of headers and wrappers, as well as uncoated paperboard partitions for beer, wine, and glass container producers. The company also provides consumer product packaging products, including egg filler flats; four-cup carriers; polystyrene foam trays for the packaging of meat, poultry, and seafood; plates and bowls; rigid plastic packaging products; containers; reusable food containers; and flexible films for packaging products, as well as markets coin wrappers to the numismatic industry. In addition, it manufactures backing for vinyl flooring, de-inked kraft pulp for the production of tissue and fine paper, bathroom and facial tissue, paper towels, paper hand towels, paper napkins, parent rolls, industrial wipes, and other related products, as well as offers services to recover and process discarded materials. Cascades Inc. was founded in 1964 and is headquartered in Kingsey Falls, Canada.

10,700 Employees
Last Reported Date: 03/27/15
Founded in 1964

cascades inc (CAS) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$621.0K
Co-Founder, Executive Chairman and Member of ...
Total Annual Compensation: C$571.5K
Chief Financial Officer and Vice-President
Total Annual Compensation: C$347.6K
Chief Executive Officer of Containerboard Gro...
Total Annual Compensation: C$487.3K
Senior Vice-President of Corporate Developmen...
Total Annual Compensation: C$405.6K
Compensation as of Fiscal Year 2014.

cascades inc (CAS) Key Developments

Cascades, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charge for the Second Quarter Ended June 30, 2015

Cascades, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of CAD 950 million against CAD 910 million a year ago. Operating income was CAD 61 million against CAD 37 million a year ago. Profit before income taxes was CAD 36 million against loss before income taxes of CAD 24 million a year ago. Net earnings from continuing operations was CAD 28 million or CAD 0.27 per basic and diluted share against loss from continuing operations of CAD 19 million or CAD 0.23 per basic and diluted share a year ago. Net earnings attributable to shareholders for the period was CAD 24 million or CAD 0.25 per basic and diluted share against loss attributable to shareholders of CAD 83 million or CAD 0.88 per basic and diluted share a year ago. Net cash from operating activities was CAD 49 million against CAD 23 million a year ago. Investments in intangible and other assets were CAD 2 million. Payments for property, plant and equipment was CAD 47 million against CAD 33 million a year ago. Operating income before depreciation and amortization - excluding specific items was CAD 103 million against CAD 90 million a year ago. Operating income before depreciation and amortization- including specific items was CAD 105 million against CAD 80 million a year ago. For six months, the company reported sales of CAD 1,860 million against CAD 1,773 million a year ago. Operating income was CAD 89 million against CAD 73 million a year ago. Loss before income taxes was CAD 3 million against CAD 24 million a year ago. Net loss from continuing operations was CAD 7 million or CAD 0.12 per basic and diluted share against CAD 17 million or CAD 0.25 per basic and diluted share a year ago. Net loss attributable to shareholders for the period was CAD 11 million or CAD 0.12 per basic and diluted share against CAD 84 million or CAD 0.89 per basic and diluted share a year ago. Net cash from operating activities was CAD 58 million against CAD 24 million a year ago. Investments in intangible and other assets were CAD 3 million against CAD 1 million a year ago. Payments for property, plant and equipment was CAD 82 million against CAD 80 million a year ago. Operating income before depreciation and amortization - including specific items was CAD 177 million against 159 million a year ago. For the second quarter ended June 30, 2015, the company reported impairment charges of CAD 1 million against CAD 8 million a year ago.

Cascades, Inc. Declares Quarterly Dividend, Payable on September 10, 2015

The Board of Directors of Cascades, Inc. declared a quarterly dividend of $0.04 per share to be paid September 10, 2015, to shareholders of record at the close of business on August 28, 2015. This dividend paid by Cascades is an "eligible dividend" as per the Income Tax Act (Bill C-28, Canada).

Cascades Inc. Extends and Amends its Revolving Credit Facility

Cascades Inc. announced that it has entered into an agreement with its banking syndicate led by National Bank of Canada and Scotiabank as co-lead arrangers and joint book runners to extend and amend certain conditions of its existing $750 million revolving credit facility. The amendment provides that the term of the facility will be extended to July 2019 and that the applicable pricing grid will be slightly lowered to better reflect market conditions. The other existing financial conditions will remain essentially unchanged.

 

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Industry Analysis

CAS

Industry Average

Valuation CAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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