Last C$6.66 CAD
Change Today -0.01 / -0.15%
Volume 725.6K
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As of 3:57 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

cascades inc (CAS) Snapshot

Open
C$6.65
Previous Close
C$6.67
Day High
C$6.71
Day Low
C$6.61
52 Week High
04/4/14 - C$7.60
52 Week Low
10/15/14 - C$5.64
Market Cap
627.0M
Average Volume 10 Days
406.9K
EPS TTM
C$-0.05
Shares Outstanding
94.1M
EX-Date
11/18/14
P/E TM
--
Dividend
C$0.16
Dividend Yield
2.41%
Current Stock Chart for CASCADES INC (CAS)

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cascades inc (CAS) Details

Cascades Inc., together with its subsidiaries, is engaged in the production, conversion, and marketing of packaging and tissue products primarily in Canada, the United States, and Europe. It operates in four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. The company manufactures coated boxboards and folding cartons; manufactures containerboards and boxboards, as well as converts corrugated and folding carton products; and provides graphic art and printing plate services. It also offers industrial packaging products, including roll headers and paperboard packaging products for rolls of newspaper; roll edges; laminated paperboard for use in specialty containers and furniture backing; honeycomb paperboards; uncoated paperboard partitions for beer, wine, and glass container producers; and uncoated recycled paperboards for packaging converters and industrial users of headers and wrappers. In addition, the company provides consumer product packaging products comprising polystyrene foam food trays for the packaging of meat, poultry and seafood; plates and bowls; decking boards; outdoor furnishings; egg filler flats and beverage carry trays; and flexible films for packaging products, as well as markets coin wrappers to the numismatic industry. Further, it offers backing for vinyl flooring; specialized kraft paper, such as butcher paper, paper for envelopes, paper for asphalt coating, and paper that withstands grease or moisture; de-inked pulp for the production of tissue and fine paper; uncoated fine paper for copying, business forms, and envelopes; and inked kraft pulp, as well as provides warehousing services, and various services to recover and process discarded materials. Additionally, the company provides bathroom and facial tissues, paper towels and napkins, paper hand towels, parent rolls, industrial wipes, and other related products. Cascades Inc. was founded in 1964 and is headquartered in Kingsey Falls, Canada.

12,200 Employees
Last Reported Date: 03/28/14
Founded in 1964

cascades inc (CAS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$559.3K
Co-Founder, Executive Chairman of the Board a...
Total Annual Compensation: C$598.0K
Chief Financial Officer and Vice-President
Total Annual Compensation: C$315.7K
Chief Executive Officer of Containerboard Gro...
Total Annual Compensation: C$458.1K
Senior Vice-President of Corporate Developmen...
Total Annual Compensation: C$401.4K
Compensation as of Fiscal Year 2013.

cascades inc (CAS) Key Developments

Cascaes Declares Quarterly Dividend, Payable on December 11, 2014

Cascaes announced that the board of directors declared a quarterly dividend of CAD 0.04 per share to be paid December 11, 2014 to shareholders of record at the close of business on November 20, 2014. This dividend paid by Cascades is an eligible dividend in accordance to the Income Tax Act (Bill C-28, Canada).

Cascades, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Cascades, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of CAD 964 million against CAD 932 million a year ago. Operating income was CAD 53 million against CAD 58 million a year ago. Profit before income taxes was CAD 5 million against CAD 41 million a year ago. Net loss from continuing operations including non-controlling interest for the period were CAD 16 million or CAD 0.18 per diluted share against net earnings from continuing operations including non-controlling interest for the period of CAD 28 million or CAD 0.28 per diluted share a year ago. Net loss attributable to shareholders for the period were CAD 16 million or CAD 0.17 per diluted share against net earnings attributable to shareholders for the period of CAD 11 million or CAD 0.12 per diluted share a year ago. Cash from operating activities was CAD 87 million against CAD 81 million a year ago. Purchases of property, plant and equipment was CAD 43 million against CAD 23 million a year ago. Excluding specific items EBITDA of CAD 97 million compared to CAD 91 million in second quarter of 2014 and CAD 95 million in third quarter of 2013. Despite an unfavourable exchange rate impact CAD 37 million, net debt decreased by CAD 5 million to CAD 1,640 million due to stronger cash flows from operations, including a net tax refund of CAD 21 million. For the nine months, the company reported sales of CAD 2,851 million against CAD 2,693 million a year ago. Operating income was CAD 92 million against CAD 115 million a year ago. Loss before income taxes was CAD 53 million against profit before income taxes of CAD 37 million a year ago. Net loss from continuing operations including non-controlling interest for the period were CAD 56 million or CAD 0.68 per diluted share net earnings from continuing operations including non-controlling interest for the period against CAD 24 million or CAD 0.23 per diluted share a year ago. Net loss attributable to shareholders for the period were CAD 100 million or CAD 1.06 per diluted share against net earnings attributable to shareholders for the period CAD 5 million or CAD 0.06 per diluted share a year ago. Cash from operating activities was CAD 182 million against CAD 166 million a year ago. Purchases of property, plant and equipment was CAD 124 million against CAD 97 million a year ago.

Cascades Launches Ultratill(TM): A New Generation of Mushroom Containers

Cascades announced the launch of Ultratill(TM), most recent innovation in the new generation of mushroom containers boasting a lighter environmental footprint. Available to mushroom growers and packers across North America, Ultratill(TM) is made of low-density PETE (LDPETE) that contains 80% recycled post-consumer material. Lighter than comparable containers commonly found on the market, Ultratill(TM) provides enhanced environmental performance, demonstrating a 62% reduction in the CO(2) emissions produced during its life cycle compared to traditional mushroom containers made of HIPS. Although lighter, Ultratill(TM) is a container that fully corresponds to user expectations because of its strength and appearance. This new Ultratill(TM) line is the result of Cascades' investment in improved manufacturing processes that require less raw materials, therefore diminishing the environmental footprint of the end product throughout its life cycle. The use of recycled material is another major factor in Ultratill(TM)'s great environmental performance. Over and above its environmental advantages, Ultratill(TM)'s inferior weight can lead to lower costs with respect to the various stewardship programs for municipal solid waste recovery and processing services. Ultratill(TM) is currently available in three sizes. Various other formats will become available over the next 12 months.

 

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